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

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