Support Mounts for ASUU Strike As Split Emerges in Ranks

[Premium Times] The senator representing Kaduna Central District, Shehu Sani, has expressed support for the strike announced by the Academic Staff Union of Universities, ASUU, on Monday.

[Premium Times] The senator representing Kaduna Central District, Shehu Sani, has expressed support for the strike announced by the Academic Staff Union of Universities, ASUU, on Monday.

source: AllAfrica News: Nigeria

Can the ANC Turn South Africa’s Economy Around?

[ISS] South Africa in 2017 is an infinitely better place than it was in 1990, when negotiations for the country’s future started between the National Party, the African National Congress (ANC) and others. The past decade, however, has been wasted. Thin…

[ISS] South Africa in 2017 is an infinitely better place than it was in 1990, when negotiations for the country's future started between the National Party, the African National Congress (ANC) and others. The past decade, however, has been wasted. Things have not been getting better fast enough to allow South Africa to move ahead in terms of key development indicators, such as levels of extreme poverty, employment rates and reductions in inequality.

source: AllAfrica News: South Africa

Two Companies Seal Deal to Supply Coal

[Addis Fortune] The Ethiopian Petroleum Supply Enterprise (EPSE) has awarded Riftcot Limited and HC Trading Plc to supply 1.2 billion Br worth of coal to cement and metal processing factories in the country.

[Addis Fortune] The Ethiopian Petroleum Supply Enterprise (EPSE) has awarded Riftcot Limited and HC Trading Plc to supply 1.2 billion Br worth of coal to cement and metal processing factories in the country.

source: AllAfrica News: Ethiopia

Template for a Tyrant

[Africa In Fact] There has been neither peace nor serenity during Robert Mugabe’s 37 years in power. He has been at war in Zimbabwe since its birth.

[Africa In Fact] There has been neither peace nor serenity during Robert Mugabe's 37 years in power. He has been at war in Zimbabwe since its birth.

source: AllAfrica News: Zimbabwe

Korea Extends U.S.$1 Million to Drought Victims

[Addis Fortune] The government of Korea has pledged one million dollars for humanitarian assistance in Ethiopia for people who are suffering from the effects of severe drought resulting from the negative Indian Ocean dipole. Currently, the number of pe…

[Addis Fortune] The government of Korea has pledged one million dollars for humanitarian assistance in Ethiopia for people who are suffering from the effects of severe drought resulting from the negative Indian Ocean dipole. Currently, the number of people who need the assistance has reached 8.5 million from 7.8 million in April 2017.

source: AllAfrica News: Ethiopia

IDA Targets to Commit U.S.$4.6 Billion to Ethiopia

[Addis Fortune] The International Development Association (IDA), a wing of the World Bank, has allocated a 4.6 billion dollar loan to Ethiopia for 2018. The Association’s priority areas will be water supply, sanitation, education, trade, logistics and …

[Addis Fortune] The International Development Association (IDA), a wing of the World Bank, has allocated a 4.6 billion dollar loan to Ethiopia for 2018. The Association's priority areas will be water supply, sanitation, education, trade, logistics and development of woman entrepreneurship.

source: AllAfrica News: Ethiopia

Coffee Dominates Commodity Trade

[Addis Fortune] The Ethiopian Commodity Exchange (ECX) has traded commodities worth 1.1 billion Br in the month of July. Among the commodities, coffee took the significant share, contributing 13,927tn or 70.96pc of the trading value.

[Addis Fortune] The Ethiopian Commodity Exchange (ECX) has traded commodities worth 1.1 billion Br in the month of July. Among the commodities, coffee took the significant share, contributing 13,927tn or 70.96pc of the trading value.

source: AllAfrica News: Ethiopia

Industry Premium Prod’n Hits Three-Year High Amid Price War

[Addis Fortune] Premium production across the insurance industry has risen at its strongest rate in three years to 7.4 billion Br during the just-ended fiscal year amid price war among insurers.

[Addis Fortune] Premium production across the insurance industry has risen at its strongest rate in three years to 7.4 billion Br during the just-ended fiscal year amid price war among insurers.

source: AllAfrica News: Ethiopia

Development Bank’s Profits Tumble, NPLS Expand

[Addis Fortune] The Development Bank of Ethiopia (DBE) has reported a 21.6pc decline in net profit to 323.8 million Br for the second year in a row as the Non-Performing Loans (NPLs) ratio of the Bank increased from 16pc to 25pc as of June, 2016/17. Th…

[Addis Fortune] The Development Bank of Ethiopia (DBE) has reported a 21.6pc decline in net profit to 323.8 million Br for the second year in a row as the Non-Performing Loans (NPLs) ratio of the Bank increased from 16pc to 25pc as of June, 2016/17. The state policy financier registered a profit that is three times lower than the target set to be achieved in the current fiscal year.

source: AllAfrica News: Ethiopia

Bidders Keep Showing Little Appetite for Auctioned Properties

[Addis Fortune] It is unfortunate for Shimelis Mulat to witness the three former owners of Dire Dawa Textile Company failing to keep the company afloat in the past decade since its privatisation. None of them has succeeded to either take the company to…

[Addis Fortune] It is unfortunate for Shimelis Mulat to witness the three former owners of Dire Dawa Textile Company failing to keep the company afloat in the past decade since its privatisation. None of them has succeeded to either take the company to the next level or achieve break-even.

source: AllAfrica News: Ethiopia