Power Sector Gets Record High Loan

[Addis Fortune] The Ethiopian Electric Utility (EEU) acquires half a billion dollars concessional loan from the Chinese government for the rehabilitation of electric power distribution lines in 54 towns and to construct distribution centres at 17 indus…

[Addis Fortune] The Ethiopian Electric Utility (EEU) acquires half a billion dollars concessional loan from the Chinese government for the rehabilitation of electric power distribution lines in 54 towns and to construct distribution centres at 17 industrial parks.

source: AllAfrica News: Ethiopia

Long Delayed Ne’kemite Stadium Nears Completion

[Addis Fortune] The construction of Ne’kemite Stadium which cost 154 million Br has reached 94pc completion. The construction of the Stadium began in 2009 with an expected completion period of two years.

[Addis Fortune] The construction of Ne'kemite Stadium which cost 154 million Br has reached 94pc completion. The construction of the Stadium began in 2009 with an expected completion period of two years.

source: AllAfrica News: Ethiopia

Ups, Downs, Expectations of Ethiopian New Year

[Addis Fortune] Even in the days when paganism existed in most societies and organised religions were a nonentity, there were people who still believed in superstition. I was never alive in those times, and I did not need to be, as superstition has out…

[Addis Fortune] Even in the days when paganism existed in most societies and organised religions were a nonentity, there were people who still believed in superstition. I was never alive in those times, and I did not need to be, as superstition has outlived most earlier forms of religion.

source: AllAfrica News: Ethiopia

High-Level Committee Finds Zero Irregularity Yet NPL Soars

[Addis Fortune] An effort by a high-level committee to investigate a violation of law led to a surge in non-performing loan (NPL) ratio of the Development Bank of Ethiopia (DBE) bore no fruit, sources close to the case disclosed to Fortune.

[Addis Fortune] An effort by a high-level committee to investigate a violation of law led to a surge in non-performing loan (NPL) ratio of the Development Bank of Ethiopia (DBE) bore no fruit, sources close to the case disclosed to Fortune.

source: AllAfrica News: Ethiopia

Industrial Parks Generate U.S.$248 Million

[Addis Fortune] The three operational industrial parks of Ethiopia have exported 248 million dollars worth of goods in the last fiscal year. These industrial parks are Hawassa, Bole Lemi and Eastern Zone.

[Addis Fortune] The three operational industrial parks of Ethiopia have exported 248 million dollars worth of goods in the last fiscal year. These industrial parks are Hawassa, Bole Lemi and Eastern Zone.

source: AllAfrica News: Ethiopia

Nuclear Remains a Viable Option – Deputy Minister

[SAnews.gov.za] The demand for nuclear power continues to grow, demonstrating that nuclear remains a viable option for countries around the world, Energy Deputy Minister Thembi Majola said on Tuesday.

[SAnews.gov.za] The demand for nuclear power continues to grow, demonstrating that nuclear remains a viable option for countries around the world, Energy Deputy Minister Thembi Majola said on Tuesday.

source: AllAfrica News: South Africa

Ona Dubula Returns Home

[GroundUp] Ona Dubula, the 14-year-old boy shot in the mouth by police during a protest in Hout Bay last week, left hospital on Tuesday morning and returned home to Imizamo Yethu with his mother, Pinkie.

[GroundUp] Ona Dubula, the 14-year-old boy shot in the mouth by police during a protest in Hout Bay last week, left hospital on Tuesday morning and returned home to Imizamo Yethu with his mother, Pinkie.

source: AllAfrica News: South Africa

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