Hidasie Telecom Registers Lower Profit

[Addis Fortune] Hidassie Telecom S.C, an assembler of mobile phones and distributors of voucher cards, recorded a lower net profit of 67.7 million Br in the past fiscal year. The amount decreased by 40pc compared to that of last year, which stood at 11…

[Addis Fortune] Hidassie Telecom S.C, an assembler of mobile phones and distributors of voucher cards, recorded a lower net profit of 67.7 million Br in the past fiscal year. The amount decreased by 40pc compared to that of last year, which stood at 113.43 million Br.

source: AllAfrica News: Ethiopia

Melcon Secures Third Most Expensive Road Deal

[Addis Fortune] Melcon Construction Plc, a local construction firm, is to construct the nation’s third most expensive road, costing 536 million Br, extending from Haile Garment to Jemo square.

[Addis Fortune] Melcon Construction Plc, a local construction firm, is to construct the nation's third most expensive road, costing 536 million Br, extending from Haile Garment to Jemo square.

source: AllAfrica News: Ethiopia

Egypt Proposes to Exclude Sudan From Dam Talks

[Addis Fortune] Amidst tense negotiations over of the Great Ethiopian Renaissance Dam (GERD), Egypt submitted a new proposal of excluding Sudan from the talks and introducing a neutral party, i.e. World Bank (WB), in the arbitration.

[Addis Fortune] Amidst tense negotiations over of the Great Ethiopian Renaissance Dam (GERD), Egypt submitted a new proposal of excluding Sudan from the talks and introducing a neutral party, i.e. World Bank (WB), in the arbitration.

source: AllAfrica News: Egypt

Govt Gives Up Tobacco Monopoly for U.S.$434 Million

[Addis Fortune] Amidst the forex crisis in the country, Japan Tobacco International (JTI) paid 434 million dollars, in full, to buy the remaining shares owned by the government at the National Tobacco Enterprise, raising its stake to almost a billion d…

[Addis Fortune] Amidst the forex crisis in the country, Japan Tobacco International (JTI) paid 434 million dollars, in full, to buy the remaining shares owned by the government at the National Tobacco Enterprise, raising its stake to almost a billion dollars.

source: AllAfrica News: Ethiopia

Half-Billion Birr Road to Brace Industrial Parks

[Addis Fortune] The giant Chinese state owend enterprise, China Civil Engineering Construction Corporation Ltd (CCECC), will construct a road extending from the outskirts of Dire Dawa to the recently built industrial park in the city for almost half a …

[Addis Fortune] The giant Chinese state owend enterprise, China Civil Engineering Construction Corporation Ltd (CCECC), will construct a road extending from the outskirts of Dire Dawa to the recently built industrial park in the city for almost half a billion Birr.

source: AllAfrica News: Ethiopia

EAC States Agree On Key Health Preventive Measures

[Daily News] THE East African Community (EAC) is on course to engage its partner states and international stakeholders on key health interventions to guarantee quality health to the people.

[Daily News] THE East African Community (EAC) is on course to engage its partner states and international stakeholders on key health interventions to guarantee quality health to the people.

source: AllAfrica News: Tanzania

Dar Exchange Ends 2017 in Bullish Rally

[Daily News] DAR ES SALAAM Stock Exchange (DSE) ended 2017 posting a 6.6 per cent gain at 3,919.25 as tracked by domestic listed stocks index (TSI) compared to 3,677.82 posted on January 2017.

[Daily News] DAR ES SALAAM Stock Exchange (DSE) ended 2017 posting a 6.6 per cent gain at 3,919.25 as tracked by domestic listed stocks index (TSI) compared to 3,677.82 posted on January 2017.

source: AllAfrica News: Tanzania

Local Poultry Farmers to Benefit Immensely From Breeding Estates

[Daily News] TANZANIA will soon become one of the main poultry producers in East and Central Africa following news that large breeding estates are set to be established in Kilimanjaro and hatching factories built in Coast Region.

[Daily News] TANZANIA will soon become one of the main poultry producers in East and Central Africa following news that large breeding estates are set to be established in Kilimanjaro and hatching factories built in Coast Region.

source: AllAfrica News: Tanzania