New Body Ascends to Streamline Corporate Fund

[Addis Fortune] The Ethiopian Chamber of Commerce & Sectoral Associations (ECCSA) is to form an exclusive body to handle corporate funds and channelise donations of the private sector, urging the business community to pledge their backing for the newly established body.

[Addis Fortune] The Ethiopian Chamber of Commerce & Sectoral Associations (ECCSA) is to form an exclusive body to handle corporate funds and channelise donations of the private sector, urging the business community to pledge their backing for the newly established body.

source: AllAfrica News: Ethiopia

Spend Like a King, Collect Like a Pauper

[Addis Fortune] A budget deficit occurs when a government spends more than it makes within a given period, usually a year. Since in developing countries, the public sector plays a dominant role in initiating and financing economic growth, the revenue a…

[Addis Fortune] A budget deficit occurs when a government spends more than it makes within a given period, usually a year. Since in developing countries, the public sector plays a dominant role in initiating and financing economic growth, the revenue always lags behind public spending, leaving large deficit in the focus. The government tries to finance the difference by boosting the tax base and borrowing from various sources. Moreover, a country experiences a budget deficit during economic down turns when a government at

source: AllAfrica News: Ethiopia

Saga Over Hawks Head’s Unlawful Appointment Ends

[Daily Maverick] One controversial chapter in the SA Police Service has been closed with the departure of former Hawks boss Lieutenant-General Mthandazo Ntlemeza. Police Minister Fikile Mbalula on Tuesday announced the general was now “retired” followi…

[Daily Maverick] One controversial chapter in the SA Police Service has been closed with the departure of former Hawks boss Lieutenant-General Mthandazo Ntlemeza. Police Minister Fikile Mbalula on Tuesday announced the general was now "retired" following a failed bid in the Supreme Court of Appeals (SCA) to be allowed to appeal an earlier judgment that found his appointment unlawful and invalid. But Ntlemeza's retirement comes with a financial penalty - he has to "personally pay" legal fees according to the court's cost or

source: AllAfrica News: South Africa

ECX Marks High Transaction

[Addis Fortune] The Ethiopian Commodity Exchange (ECX) has announced that it transacted 33,528tn of coffee, sesame and kidney beans worth 1.17 billion Br during the 23 days of August 2017.

[Addis Fortune] The Ethiopian Commodity Exchange (ECX) has announced that it transacted 33,528tn of coffee, sesame and kidney beans worth 1.17 billion Br during the 23 days of August 2017.

source: AllAfrica News: Ethiopia

France Swears 2 Billion Br to Finance Controversial Abattoir

[Addis Fortune] The French Development Agency (AFD) pledges close to two billion Birr financing to modernise and relocate Addis Abeba Abattoirs Enterprise on 20ha land within nine kilometres radius from the runway of Bole International Airport- the lar…

[Addis Fortune] The French Development Agency (AFD) pledges close to two billion Birr financing to modernise and relocate Addis Abeba Abattoirs Enterprise on 20ha land within nine kilometres radius from the runway of Bole International Airport- the largest international airport in the country.

source: AllAfrica News: Ethiopia

Minister Sisulu Clarifies Attendance at Gupta Event

[SAnews.gov.za] The Office of Human Settlements Minister Lindiwe Sisulu has refuted claims that the Minister accepted an invitation or attended any event of the Gupta family.

[SAnews.gov.za] The Office of Human Settlements Minister Lindiwe Sisulu has refuted claims that the Minister accepted an invitation or attended any event of the Gupta family.

source: AllAfrica News: South Africa

Italy Promises 3.5 Billion Br to Ethiopia

[Addis Fortune] The Italian government vows a 3.5 billion Br grant to Ethiopia for the execution of various projects and programmes, undergoing with the aid of the Italian Development Cooperation Office (IDCO).

[Addis Fortune] The Italian government vows a 3.5 billion Br grant to Ethiopia for the execution of various projects and programmes, undergoing with the aid of the Italian Development Cooperation Office (IDCO).

source: AllAfrica News: Ethiopia

Corbetti to Generate Power Next Month

[Addis Fortune] The first phase of Corbetti Geothermal project is to start generating 20MW of electricity next month. The Geothermal project is located in Corbetti town of the Oromia Regional State.

[Addis Fortune] The first phase of Corbetti Geothermal project is to start generating 20MW of electricity next month. The Geothermal project is located in Corbetti town of the Oromia Regional State.

source: AllAfrica News: Ethiopia

Lobby Group Demands Cheaper Airtime, Data

[GroundUp] Members of Right2Know (R2K) and the Diepkloof Voices of Poor Concerned Residents picketed outside the head offices of several cellphone companies in Gauteng on Tuesday to demand cheaper airtime and data.

[GroundUp] Members of Right2Know (R2K) and the Diepkloof Voices of Poor Concerned Residents picketed outside the head offices of several cellphone companies in Gauteng on Tuesday to demand cheaper airtime and data.

source: AllAfrica News: South Africa

Landslide Takes One More Life

[Addis Fortune] Six months after a landslide at Reppi Landfill a.k.a Qoshe took the lives of 125 people; one more person has been added to the list of victims last Thursday, September 14, 2014. The landslide occurred because an excavator failed to pile…

[Addis Fortune] Six months after a landslide at Reppi Landfill a.k.a Qoshe took the lives of 125 people; one more person has been added to the list of victims last Thursday, September 14, 2014. The landslide occurred because an excavator failed to pile the garbage properly, according to an eyewitness.

source: AllAfrica News: Ethiopia