Archive for March, 2012

Alecto Minerals seals Ethiopia gold acquisitions

Wednesday, March 7th, 2012

Alecto Minerals (LON:ALO) today confirmed it has completed its acquisition of the Aysid-Metekel gold project in Ethiopia. It has also made the first share based payment for the separate acquisition of the Wayu Boda gold project, which is also in Ethiopia.

Kenya and Ethiopia Pen Railway Line Pact

Wednesday, March 7th, 2012

Nairobi — Kenya and Ethiopia on Thursday signed an agreement for the construction of a standard gauge railway line from Lamu in Kenya to Addis Ababa, Ethiopia. The deal was sealed at State House Nairobi and witnessed by President Mwai Kibaki and Ethiopian Prime Minister Meles Zenawi ahead of the much ...

Israel to slash budget for integrating new Ethiopian immigrants

Wednesday, March 7th, 2012

The Immigrant Absorption Ministry will cut NIS 5.5 million from its budget for integrating Ethiopian immigrants this year, while the funds for immigrants from other countries will be cut by only hundreds of thousands of shekels at most. The Knesset Finance Committee approved the proposal Tuesday.

Ethiopian Export Earnings Exceed $1.3 billion

Wednesday, March 7th, 2012

Ethiopia has earned 1.35 billion US dollars from the export of various goods in the first two quarters of the Ethiopian financial year according to the Ministry of Trade. More than 35 kinds of agricultural and industrial products were exported to and estimated 120 countries across the world during the course ...

Ethiopian Plans to Undercut Go-Betweens in Flower Export

Tuesday, March 6th, 2012

A decision by the management of the Ethiopian Airlines’ Cargo Division to launch a service to take horticulture products from farm gates all the way to auctions in Europe, thereby cutting out companies in the middle, has brought fierce resistance from industry operators. The Airline management has announced its plan of ...

Addis Ababa University Professor Receives 2012 Andrei Sakharov Prize

Tuesday, March 6th, 2012

Tadias MagazineBy Tadias Staff Published: Monday, March 5, 2012 New York (TADIAS) – Mulugeta Bekele, an associate professor of physics at Addis Ababa University in Ethiopia, has been awarded the 2012 Andrei Sakharov Prize by The American Physical Society (APS). The prize was established to recognize and encourage outstanding leadership and achievements of ...

Agricultural Products Price Continue To Rise

Tuesday, March 6th, 2012

Long time businessman at Merkato Ihil Berenda, the largest grain market in Addis Ababa says the dramatic rise in food prices is uncommon this time of year. Teff, Wheat, Barley, chilly and green pepper, coffee and oil have all risen dramatically. The only exception is garlic which has dropped in ...

Ethiopian rebels free two German tourists

Tuesday, March 6th, 2012

ADDIS ABABA — Ethiopian rebels said Tuesday they had released two Germans held hostage since January 18 after a gunbattle that killed five other adventure tourists in the remote Afar desert region.

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 ...

Ethiopia/Comoros: Ethiopian Coffee Through After Beating Coin Noir Mitsamiouli

Monday, March 5th, 2012

Ethiopian league champions , Ethiopian Coffee thrashed the visitors Coin Noir Mitsamiouli of the Comoros 4-1 in the second leg preliminary match of Orange CAF Champions League held on Sunday at the Addis Ababa stadium. The home side turned it round after losing the first leg 1-0 at the hands ...