Tag Archives: Addis Fortune

Ethiopia: What If Banks Were to Cultivate Potatoes?

April 8, 2013 by IndepthAfrica

By Binyam Mesfin, Addis Fortune opinion Since the 1994 opening of the financial sector, Ethiopian banks have enjoyed high profits and steady growth. Even government-owned banks, such as the Commercial Bank of Ethiopia (CBE), have managed to drag themselves out … read more »

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Ethiopian telcos secure space in multi-billion ICT Park

March 25, 2013 by IndepthAfrica

Addis Fortune reports that several telcos, including ZTE, Techno Mobile and Security Innovation Network (SINET), have secured 25,000 sqm of land to establish incubation centres within ethio ICT, an ICT Park that is reported to represent a total financial outlay … read more »

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Ethiopia: Insufficient Pragmatism Crumbles Political Opposition

March 11, 2013 by IndepthAfrica

By Tagel Getahun,Addis Fortune column No one can argue that a democratic environment existed in Addis Abeba before 2005. Yet, the city was burdened with the misjudgment of its political culture. Every outcome of this misjudgment, either negative or positive, … read more »

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Ethiopia: Roads Host Inequality

February 26, 2013 by IndepthAfrica

By Girma Feyissa, Addis Fortune opinion The total area of pavements in this vibrant and rapidly expanding capital of ours is a little over 660sqkm. This is despite asphalted roads covering a total of 5,000sqkm, according to the Addis Abeba … read more »

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Ethiopia: Addis Abeba Forfeits Its Future

February 26, 2013 by IndepthAfrica

By Getachew T. Alemu, Addis Fortune column Our fair city is hosting yet another round of elections. It will be for the purpose of selecting the party that will be responsible for overseeing its future. But, one should not make … read more »

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Ethiopia: Politics Grows Up, While Power Grows Down

February 25, 2013 by IndepthAfrica

By Zemelak Ayele, Addis Fortune opinion Preparations are being made for the 2013 nationwide local elections and the Addis Abeba City Council elections. The elections are expected to be held on April 7, 2013; the fifth local elections in the … read more »

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Ethiopia: Roads Host Inequality

February 25, 2013 by IndepthAfrica

By Girma Feyissa, Addis Fortune Opinion The total area of pavements in this vibrant and rapidly expanding capital of ours is a little over 660sqkm. This is despite asphalted roads covering a total of 5,000sqkm, according to the Addis Abeba … read more »

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Ethiopia: Time for Just Taxes, Transparency

February 19, 2013 by IndepthAfrica

By Nick Clegg, Addis Fortune column It is a pleasure to be in Ethiopia, home of the African Union (AU), in the year the United Kingdom (UK) chairs the G8. Indeed, 2012 was a big year for us, hosting the … read more »

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Ethiopia: Corruption Inflates Compensation Cost

February 4, 2013 by IndepthAfrica

A study conducted by the Federal Ethics and Anti-Corruption Commission of Ethiopia (FEACC) reveals that the amount of money paid for the compensation and relocation of residents reached 15pc of the projected cost of the projects due to corruption. The … read more »

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African Health Minister to meet in Addis Ababa to Discuss Child Survival

January 15, 2013 by IndepthAfrica

African health ministers will gather in Addis Ababa this week under the theme” African Leadership for Child Survival – A promise Renewed” to accelerate to progress on reducing child mortality throughout the continent. The 2day begging Wednesday will help countries … read more »

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Ethiopia: Alleged Alamata Squatters Resist Police, Military

January 14, 2013 by IndepthAfrica

By Ashenafe Endale, Addis Fortune A two-day protest by residents of Alamata town, 600Km north of Addis Abeba, in the Tigray Regional State, led to the arrest of close to 40 people, who are all currently under custody, in a … read more »

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Ethiopia: Rough Gem Exports to Be Banned

January 14, 2013 by IndepthAfrica

Addis Fortune (Addis Ababa) By Mahlet Mesfin, The federal government will soon ban the export of rough opal, a precious gemstone; a move aimed at persuading exporters to add value and hence increase revenues, according to senior officials at the Ministry … read more »

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Ethiopia: UK Company Tasked With Converting Condo Waste Into Electricity

January 9, 2013 by IndepthAfrica

The Ethiopia Power Corporation (EPPCo) has commissioned a study to supply electric power to condominium apartments from the waste that they produce. The plan envisages each condominium being able to generate its own power. Cambridge Industries Energy, a British-based waste … read more »

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Ethiopia: Anti-Corruption Commission Launches New Web Portal

December 31, 2012 by IndepthAfrica

The Federal Ethics and Anti-corruption Commission of Ethiopia (FEACC) officially launched its new webportal on December 23, 2012. The webportal was developed by Africom Technology Plc at a cost of 254,000Br. The unveiling took place at the Ghion Hotel in … read more »

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Ethiopia’s inflation numbers make a new turn around in upward direction

March 13, 2012 by IndepthAfrica

By Keffyalew Gebremedhin The data released this afternoon by the Central Statistics Agency (CSA) indicates that year on year headline inflation rose to 36.3 percent in February 2012, compared to 32.0 percent in January 2012. Food inflation also rose to … read more »

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Ethiopia’s paper landlords

February 15, 2011 by benim

Despite an abundance of national and international newsmakers, Addis Ababa has relatively little in the way of newspapers — no dailies of note — or even newsstands to offer news consumers. But don’t be fooled. This is a city of … read more »

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Ethiopia freezes bank accounts of human rights groups

February 10, 2011 by benim

The Ethiopian Human Rights Council (EHRC) and the Ethiopian Women Lawyers Association (EWLA) lost their entire bank accounts because a board said their money was received from overseas donors. The ruling was upheld although the parties had shown evidences that … read more »

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AF spends $50M to upgrade Ethiopian airport

February 10, 2011 by benim

The Air Force is reportedly spending up to $50 million to upgrade an airport in southern Ethiopia, a crucial ally in an unstable region. The Addis Fortune newspaper reports the U.S. is extending the runway and upgrading facilities at Arba … read more »

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PM Zenawi suggests Ethiopia’s economy near “Collapse”

February 10, 2011 by benim

During the latest parliament session in Addis Ababa, Ethiopian Prime Minister Meles Zenawi suggested his government’s recent market intervention was because Ethiopia’s economy is “on the verge of collapse” and even market fundamentalists would take similar measures when their economies … read more »

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PM Meles Zenawi’s responses to Ethiopia’s economic malaise are getting funnier By Genet Mersha

February 5, 2011 by benim

At a time when neighboring countries are tottering down the path of popular revolt to overthrow entrenched dictators and possibly collapse of their regimes, Meles has tightened political repressions in Ethiopia to protect himself from their fate. In spite of … read more »

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