Lewi Erects Another Resort in Wolayita

[Addis Fortune] Lewi Hotels & Resorts Ethiopia expands to Wolayita Sodo, 312.3Km from Addis Abeba by erecting a new resort. The investment capital amounts to 200 million Br, according to the management of the company.

[Addis Fortune] Lewi Hotels & Resorts Ethiopia expands to Wolayita Sodo, 312.3Km from Addis Abeba by erecting a new resort. The investment capital amounts to 200 million Br, according to the management of the company.

source: AllAfrica News: Ethiopia

Giant Printer to Advance Security Printing

[Addis Fortune] Berhanena Selam Printing Enterprise, the state-owned printing press, is to launch an advanced security printing with an investment of 200 million Br. For the procurement of the printing machines, it announced a tender for the second tim…

[Addis Fortune] Berhanena Selam Printing Enterprise, the state-owned printing press, is to launch an advanced security printing with an investment of 200 million Br. For the procurement of the printing machines, it announced a tender for the second time after its failed attempt two years ago.

source: AllAfrica News: Ethiopia

Corruption Probe Crawls to Mesfin Tefera

[Addis Fortune] The Federal Police Commission Crime Investigation Division has arrested the Deputy Chief Executive Officer of Ethiopian Shipping & Logistics Services Enterprise (ESLSE), Mesfin Tefera, on Thursday, September 14, 2017. This raised the number of individuals arrested in connection with the recent grand corruption turmoil to 129.

[Addis Fortune] The Federal Police Commission Crime Investigation Division has arrested the Deputy Chief Executive Officer of Ethiopian Shipping & Logistics Services Enterprise (ESLSE), Mesfin Tefera, on Thursday, September 14, 2017. This raised the number of individuals arrested in connection with the recent grand corruption turmoil to 129.

source: AllAfrica News: Ethiopia

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