Friday 19th December 2014

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Answer still no for privatizing banking, telecom, power

Answer still no for privatizing banking, telecom, power

Ethiopia will not open up its telecommunications, banking and power sectors any time soon, according to Dr. Debretsion Gebremichael, Deputy Prime Minister and Minister of Communication and....

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Nyala Insurance to double its capital

Nyala Insurance to double its capital

The general assembly of Nyala Insurance SC (NISCO) announced plans to more than double their paid up capital from the current 125 million birr.

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United Insurance registers lucrative growth

United Insurance registers lucrative growth

The United Insurance Company SC (UNIC), one of the oldest insurers since the free economy was endorsed in Ethiopia, recorded an increase in its profits last fiscal year.

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Wegagen Bank profits 414mln birr

Wegagen Bank profits 414mln birr

Wegagen Bank amassed 414 million birr in pre-tax profits last year.

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Oldest Hydro power plant reincarnated

Oldest Hydro power plant reincarnated

Aba Samuel Hydroelectric Power Plant is to commence operation within two years after sitting idle for four decades.

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World’s power producers flock to Ethiopia

World’s power producers flock to Ethiopia

The Power Africa meeting, a continental energy talk held for three consecutive years in Addis Ababa, has been attracting interest from energy industry representatives.

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Global racing comes to an end

Global racing comes to an end

With their just ended third World Record Drive, team Zietlow; Rainer Zietlow, Marius Biela and Matthias Prillwitz, arrived in Addis Ababa on Monday November 17.

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Ericsson took over half of ZTE's telecom expansion project PDF Print E-mail
By Muluken Yewondwossen   
Tuesday, 16 December 2014 11:28

Ethio telecom and the Swedish telecom giant Ericsson concluded their negotiation to undertake the expansion project that was awarded to ZTE, the Chinese state telecom company.

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Last Updated on Tuesday, 16 December 2014 11:44
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Ericsson took over half of ZTE's telecom expansion project PDF Print E-mail
By Muluken Yewondwossen   
Tuesday, 16 December 2014 11:28

Ethio telecom and the Swedish telecom giant Ericsson concluded their negotiation to undertake the expansion project that was awarded to ZTE, the Chinese state telecom company.

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Djibouti: Africa’s Singapore? PDF Print E-mail
By Muluken Yewondwossen   
Tuesday, 16 December 2014 05:28

The official visit of local and international journalists from Ethiopia to Djibouti, organized by the Djibouti embassy here, aims to strengthen the long standing Ethio-Djibouti relations and political trust and exchange suggestions for boosting trade and cooperation on all levels. The media from Ethiopia had the opportunity to visit the various projects undertaken by the government of Djibouti including the Port of Djibouti and Doraleh Container Terminal, and meet several ministers before concluding the visit with a meeting with President Ismael Omar Guelleh. Excerpts; Add a comment

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POLL 1

1. Do you think Ethiopia and Djibouti will integrate politically?

(128 votes)

66.4%   (85)
31.3%   (40)
2.3%   (3)
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POLL 2

2. Do you think government housing projects will be better off if given to foreign companies?

(91 votes)

47.3%   (43)
52.7%   (48)
0%   (0)
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