Archive for the ‘Economy’ Category

South Sudan, Ethiopia Sign MoU

Monday, March 5th, 2012

Juba — South Sudan and Ethiopia yesterday signed eight memoranda of Understanding at New Sudan Palace in Juba. It was signed after five days of Joint Ministerial Committee meeting of the two countries co-chaired by the two foreign affairs ministers, Nhial Deng Nhial on the South Sudan side and Haile ...

As China-built AU centre opens, India focuses on quiet Africa diplomacy

Monday, January 30th, 2012

 Addis Ababa/New Delhi, Jan 30 : As the glitzy China-built African Union building opened in the Ethiopian capital, India was quietly engaged in intense consultations with delegations from around 25 African countries, including foreign office talks with Ethiopia, to fast-track implementation of key projects agreed at the second India-Africa summit.

Africa’s Most Successful Women: Bethlehem Tilahun Alemu

Friday, January 6th, 2012

Every now and then, I profile outstanding African women who’re making giant strides in business, politics, technology, entrepreneurship and leadership on the continent and elsewhere around the world. This week, I profile the spectacular Bethlehem Tilahun Alemu, an Ethiopian entrepreneur and the founder of SoleRebels, a thriving eco-sensitive footwear brand ...

The great Ethiopian land-grab: feudalism, leninism, neo-liberalism … plus ça change

Tuesday, January 3rd, 2012

Land in Ethiopia is being leased to agro-industry investors on very long terms and below market rates. The beneficiaries have good political connections. But then land has been the play-thing of centralising authoritarians throughout Ethiopia's recent history.

Indian IT major working on Ethiopian project

Friday, December 30th, 2011

ADDIS ABABA, ETHIOPIA: An Indian IT major is assisting the Ethiopian Revenues and Customs Authority (ERCA) transform its valuation methodology to a transaction cost system from a minimum price setting system to prevent under-invoicing.

A climate of corruption, Ethiopian edition

Monday, December 19th, 2011

By Janice Winter, Daily Maverick | December 19, 2011   COP17 is being hailed as “groundbreaking” as a deal was agreed after 14 days of difficult and, at times, deadlocked talks. One of the most contentious issues for Africa was the Green Climate Fund, which will go ahead despite anger at the ...

Ethiopian Illicit Outflows Doubled In 2009, New Report Says

Tuesday, December 6th, 2011

By Christopher Matthews Ethiopia lost $11.7 billion to outflows of ill-gotten gains between 2000 and 2009, according to a coming report by Global Financial Integrity. That’s a lot of money to lose to corruption for a country that has a per-capita GDP of just $365. In 2009, illicit money leaving the country ...

Ethiopian Billionaire’s Cement Plant to Start Output This Month

Tuesday, December 6th, 2011

Dec. 5 (Bloomberg) -- Derba MIDROC Cement Plc, Ethiopia’s biggest cement factory, said it will start production within the “next 10 days,” helping end a shortage of the building material in Africa’s fourth-largest economy.

Further Results from Ethiopian Mines Announced by Nyota

Monday, October 31st, 2011

Nyota Minerals has announced assay results for a further 32 diamond and reverse circulation drill holes covering the main Tulu Kapi ore body and step out targets, with positive infill results underpinning the resource base. The results will help upgrade the Tulu Kapi resource according Richard Chase Chief Executive Officer of ...

Ethiopian Sugar to Raise Sugar Output

Monday, October 31st, 2011

The Ethiopian Sugar Corporation announced plans to raise national sugar production from 300 thousand to 2.25 million tonnes annually. The corporation has begun extensive efforts towards increased sugar production according to Yilma Tibebu Corporation Public Head.