Awash Insurance Reports 81m Br Profit

[Addis Fortune] Awash Insurance Company has reported an 81 million Birr profit, after provisions for tax and other deductions. This is a 41pc increase from last year’s profit of 64.33 million Br. In the company’s 22nd shareholders meeting, it was decid…

[Addis Fortune] Awash Insurance Company has reported an 81 million Birr profit, after provisions for tax and other deductions. This is a 41pc increase from last year's profit of 64.33 million Br. In the company's 22nd shareholders meeting, it was decided that the net profit of the year should be declared as dividend. Shareholders will be at liberty to collect their dividends in cash or reinvest the dividends. The paid up capital of the company, according to the report of the Board of Directors, has reached 190.3mill Br, a

source: AllAfrica News: Ethiopia

Businesses Scrambling to Overcome Mobile Internet Shutdown

[Addis Fortune] Lately, a glance at the business centres and Internet cafes that line the streets of Addis Ababa tends to reveal a strange lack of customers. Even in the late afternoons when schools let out and students crowd the streets. Morning custo…

[Addis Fortune] Lately, a glance at the business centres and Internet cafes that line the streets of Addis Ababa tends to reveal a strange lack of customers. Even in the late afternoons when schools let out and students crowd the streets. Morning customers aren't plentiful at the best of times, but now, with the declaration of the state of emergency and the shutdown of social media and mobile Internet networks, business centres that usually see many customers a day now don't see even half that number. The answer to this s

source: AllAfrica News: Ethiopia

Iconic Ethiopia Hotel to Be Demolished

[Addis Fortune] Ethiopia Hotel and the adjacent Bego Adragot building are to be torn down within the next month. Belayneh Kinde, the import export mogul, bought Ethiopia Hotel in 2010 for 92 million Br. He now has plans to tear down the three star hote…

[Addis Fortune] Ethiopia Hotel and the adjacent Bego Adragot building are to be torn down within the next month. Belayneh Kinde, the import export mogul, bought Ethiopia Hotel in 2010 for 92 million Br. He now has plans to tear down the three star hotel and erect a new 60 storey building.

source: AllAfrica News: Ethiopia

Modern Abattoir for Addis to Be Built With French Help

[Addis Fortune] The Addis Abeba Abattoir Enterprise is set to build a modern slaughterhouse at a cost of four billion Br. The construction will be on a 20 hectare plot of land in Nefa silk-Lafto district, Addis Abeba. The 70.2 million euro budget was a…

[Addis Fortune] The Addis Abeba Abattoir Enterprise is set to build a modern slaughterhouse at a cost of four billion Br. The construction will be on a 20 hectare plot of land in Nefa silk-Lafto district, Addis Abeba. The 70.2 million euro budget was acquired from the French Development Agency (FDA), and the project is planned to be finalised in four years.

source: AllAfrica News: Ethiopia

Minister Co-Chairs Inaugural Ministerial Session of Zimbabwe-South Africa Bi-National Commission

[SA Govt] International Relations and Cooperation Minister Maite Nkoana-Mashabane will co-chair the Inaugural Ministerial Session of the Zimbabwe-South Africa Bi-National Commission (BNC) in Harare today, Wednesday, 2 November 2016, together with her c…

[SA Govt] International Relations and Cooperation Minister Maite Nkoana-Mashabane will co-chair the Inaugural Ministerial Session of the Zimbabwe-South Africa Bi-National Commission (BNC) in Harare today, Wednesday, 2 November 2016, together with her counterpart, H.E Mr Simbarashe Mumbengegwi, Minister of Foreign Affairs of Zimbabwe.

source: AllAfrica News: South Africa

UN Mission in South Sudan ‘Respects’ Kenya’s Decision to Withdraw Troops

[Capital FM] Nairobi -A day after Kenya withdrew its troops and disengaged from the South Sudan peace process, the United Nations Mission in the Republic of South Sudan (UNMISS) said was in receipt of the notification and, “respected,” it.

[Capital FM] Nairobi -A day after Kenya withdrew its troops and disengaged from the South Sudan peace process, the United Nations Mission in the Republic of South Sudan (UNMISS) said was in receipt of the notification and, "respected," it.

source: AllAfrica News: South Sudan

I Haven’t Considered Resigning Yet – Prosecution Chief

[News24Wire] National Director of Public Prosecutions Shaun Abrahams says he has not considered resigning following the fallout from the botched prosecution of Finance Minister Pravin Gordhan.

[News24Wire] National Director of Public Prosecutions Shaun Abrahams says he has not considered resigning following the fallout from the botched prosecution of Finance Minister Pravin Gordhan.

source: AllAfrica News: South Africa