Severe Drought Costs Cattle Lives, Money

[Addis Fortune] The couple Helen Kassa and Dawit Haile were at a cattle market, located in Bole District close to Medhanialem Church, in front of the stadium under construction, last Friday, September 8, 2017. The couple went to the market to buy sheep…

[Addis Fortune] The couple Helen Kassa and Dawit Haile were at a cattle market, located in Bole District close to Medhanialem Church, in front of the stadium under construction, last Friday, September 8, 2017. The couple went to the market to buy sheep as a present for Helen's family who resides in Ayat area, in Yeka District.

source: AllAfrica News: Ethiopia

Ethiopian Exports First Ever Aluminium Profile

[Addis Fortune] B & C Aluminium Plc, a.k.a. Inter Africa Extrusion Aluminium Factory, has started to export aluminium profiles for the first time to Egypt. It received an order of 500tn of aluminium profiles to be exported in different phases.

[Addis Fortune] B & C Aluminium Plc, a.k.a. Inter Africa Extrusion Aluminium Factory, has started to export aluminium profiles for the first time to Egypt. It received an order of 500tn of aluminium profiles to be exported in different phases.

source: AllAfrica News: Egypt

Anbessa to Roar With New Plant

[Addis Fortune] Anbessa Shoe S.C is set to move to its newly built building, at the cost of half a billion Br in Akaki Kality District, in an area reserved by the Ministry of Industry for leather industries.

[Addis Fortune] Anbessa Shoe S.C is set to move to its newly built building, at the cost of half a billion Br in Akaki Kality District, in an area reserved by the Ministry of Industry for leather industries.

source: AllAfrica News: Ethiopia

Four Start-Up Businesses Clutch Fresh Finance

[Addis Fortune] The “Lions Den by blueMoon” held on September 1, 2017, raised 6.6 million Br in equity investment for four newly established share companies at the idea stage,the businesses were incubated at blueMoon, from four business leaders willing…

[Addis Fortune] The "Lions Den by blueMoon" held on September 1, 2017, raised 6.6 million Br in equity investment for four newly established share companies at the idea stage,the businesses were incubated at blueMoon, from four business leaders willing to invest in the blueMoon's innovative youth agribusiness start-ups. blueMoon is a youth agribusiness AgTech incubator and seed investor, supporting youth entrepreneurs between 15 and 29, It was established as a private company in November 2016, by Eleni Z. Gabre-Madhin (Ph

source: AllAfrica News: Ethiopia

Administration Heads Up Creation of New Agency

[Addis Fortune] Addis Abeba Planning Commission drafted a bill to establish a new agency that will oversee six institutions engaged in greenery and biodiversity conservation.

[Addis Fortune] Addis Abeba Planning Commission drafted a bill to establish a new agency that will oversee six institutions engaged in greenery and biodiversity conservation.

source: AllAfrica News: Ethiopia

Central Bank Approves Nile’s CEO

[Addis Fortune] The Central Bank of Ethiopia (CBE) approved the appointment of Hailu Makonnen as the chief executive officer of Nile Insurance. Hailu has worked in a various positions for Nile since 1995 after joining the Firm as a Junior Clerk.

[Addis Fortune] The Central Bank of Ethiopia (CBE) approved the appointment of Hailu Makonnen as the chief executive officer of Nile Insurance. Hailu has worked in a various positions for Nile since 1995 after joining the Firm as a Junior Clerk.

source: AllAfrica News: Ethiopia

To Unravel Meles’ Thought Processes

[Addis Fortune] Five years since his untimely death, aged 57, the name Meles Zenawi is still active in Ethiopian political discourse. Ranked as a ‘Great Leader’ posthumously by the supreme power of the land, the Parliament, such a status was unpreceden…

[Addis Fortune] Five years since his untimely death, aged 57, the name Meles Zenawi is still active in Ethiopian political discourse. Ranked as a 'Great Leader' posthumously by the supreme power of the land, the Parliament, such a status was unprecedented by any leader at least in the modern history of Ethiopia since roughly the mid-19th Century.

source: AllAfrica News: Ethiopia

See No Informal Sector, Hear No Grey Economy

[Addis Fortune] Developing countries’ economies are characterised by the existence of a vast but an accounted for informal sector, also called an underground economy. These include economic activities which can be legal or illegal but are not formally …

[Addis Fortune] Developing countries' economies are characterised by the existence of a vast but an accounted for informal sector, also called an underground economy. These include economic activities which can be legal or illegal but are not formally registered and hence unknown to the tax authorities.

source: AllAfrica News: Ethiopia