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

Fine Hygienic Agent Cries Foul Over Alleged Forgery

[Addis Fortune] Three businesspeople who are suspected of selling and retailing a forged product of a well-known tissue paper, Fine, were released with bail rights on August 12, 2017.

[Addis Fortune] Three businesspeople who are suspected of selling and retailing a forged product of a well-known tissue paper, Fine, were released with bail rights on August 12, 2017.

source: AllAfrica News: Ethiopia

Commercial Farmers Cherish Return of Farms

[Addis Fortune] Following the order from the Office of the Prime Minister, Gambella Regional State has started returning the farmlands of 186 commercial farmers who were evicted from their leased properties after being accused of underutilization of th…

[Addis Fortune] Following the order from the Office of the Prime Minister, Gambella Regional State has started returning the farmlands of 186 commercial farmers who were evicted from their leased properties after being accused of underutilization of the farms.

source: AllAfrica News: Ethiopia

Corruption Arrests Take Dozens By Storm

[Addis Fortune] The number of individuals arrested in relation to the recent high-level corruption case has reached 55 after the recent arrest of Samson Wondimu, communications director of the Ethiopian Roads Authority (ERA), on August 11, 2017.

[Addis Fortune] The number of individuals arrested in relation to the recent high-level corruption case has reached 55 after the recent arrest of Samson Wondimu, communications director of the Ethiopian Roads Authority (ERA), on August 11, 2017.

source: AllAfrica News: Ethiopia

City Collects 2.4 Billion Br Tax in a Month

[Addis Fortune] The Ethiopian Revenues & Customs Authority (ERCA) Addis Ababa Branch Office has collected 2.4 billion Br in tax during the first month of the new fiscal year, meeting 85.7pc of the target.

[Addis Fortune] The Ethiopian Revenues & Customs Authority (ERCA) Addis Ababa Branch Office has collected 2.4 billion Br in tax during the first month of the new fiscal year, meeting 85.7pc of the target.

source: AllAfrica News: Ethiopia

Third Place in Tahiti Puts Jordy On Top of the World

[News24Wire] South Africa’s Jordy Smith has moved to the top of the World Surf League (WSL) Championship Tour (CT) rankings after posting a career-best third place finish in the Billabong Pro Tahiti on Sunday.

[News24Wire] South Africa's Jordy Smith has moved to the top of the World Surf League (WSL) Championship Tour (CT) rankings after posting a career-best third place finish in the Billabong Pro Tahiti on Sunday.

source: AllAfrica News: South Africa

Govt Puts New Law to Fine Faulty Pedestrians

[Addis Fortune] The Federal Transport Authority (FTA) has drafted a new directive that will penalise pedestrians who do not obey conducts of road safety, such as walking on the left side of a one-way road and crossing the streets properly.

[Addis Fortune] The Federal Transport Authority (FTA) has drafted a new directive that will penalise pedestrians who do not obey conducts of road safety, such as walking on the left side of a one-way road and crossing the streets properly.

source: AllAfrica News: Ethiopia

White Farmers’ Killers Shouldn’t Be Prosecuted, Mugabe Declares

[News24Wire] Zimbabwean President Robert Mugabe has reportedly said that all locals accused of killing white former commercial farmers during the country’s controversial reform programme are immune to prosecution.

[News24Wire] Zimbabwean President Robert Mugabe has reportedly said that all locals accused of killing white former commercial farmers during the country's controversial reform programme are immune to prosecution.

source: AllAfrica News: Zimbabwe