By Berhane Hailemariam The Addis Abeba City Road Traffic Management Agency has modified its plan of building a smart and surface parking lot, at Ras Makonnen Bridge, to a two basement concrete building. Since the opening of letter of credit (LC) and land clearing have created delays for the construction of the smart and surface[…]
opinion By Yared Tsegay A recent report released by the Central Statistics Agency (CSA) shows that inflation has subsided to 13.7pc in April from its second annual high of 15.2pc. But the decrease is not shown on the prices of items on the ground level, where consumers are seeing their monthly expenses at an incredibly[…]
By Hanna Zerihun Ethiopia and South Africa are working to boost trade and investment, integrate their economies, says Ambassador Dr. Shiferaw Teklemariam. Ambassador Dr. Shiferaw, approa ched by The Ethiopian Herald, said that the total trade volume between Ethiopia and South Africa stood at more than 166 million USD in 2016, a figure much lower[…]
By Zelalem Girma Ethiopia’s economy needs to focus more on streamlining tax payment, increasing domestic input supply, and maximizing export markets among others to maintain its momentum as the fastest growing economy in Sub Saharan Africa, according to economists and officials. The economy has proved that it is laid on a solid foundation and broad[…]
By Dargie Kahsay Women making sweater Meseret Berhanu, a manager of Habesha Sweater Production Enterprise in Arada Sub-city here in Addis Ababa says she used to assist her mother in the production of sweater while she was a student. After completing her schools, she entered in to full time engagement in the production, and now[…]
By Fasica Berhane Ethiopia has longstanding commercial, cultural, and people-to-people ties with Saudi Arabia. It was also the first country to embrace companions of the Prophet Muhammad in the 7th century from the persecution they faced under rulers of Mecca. Even though the two countries established diplomatic relations in 1948, the tie was limited to[…]
By Tewodros Kassa The clock is ticking, for a busy nation where a huge number of youth rushing for a job, on developing public and private firms. In connection to this, the Small and Medium-sized Enterprises (SMEs) have usually been perceived as the dynamic force for sustained economic growth and job creation in developing countries.[…]
Ethiopia earned 37 million dollars in the first nine months of this fiscal year after exporting 190MW of power. The destinations were neighbouring countries, with 100MW, 80MW and 10MW of electrical power going to Sudan, Djibouti and Kenya, respectively. The 2.4 billion Br Ethio-Kenya power interconnection project financed by the African Development Bank (AfDB) has[…]
By Fasika Tadesse Headline Inflation which has been skyrocketing for the past year has shown a decline last month reaching 13.7pc, according to recently released consumer price index from Central Statistical Agency (CSA). An indicator of the cost of living, headline inflation, has shown a 1.5 percentage points decline from the preceding month of March[…]
By Solomon Bekele Ethiopian athlete Chala Beyo claimed victory in 3, 000m steeple chase at a time of 8 minutes and 13.71 seconds leaving behind Kenyans Lawrence Kemboi Kipsang and Emmanuel Kiprono to take second and third places at the first Diamond League event of the season. In 1, 500 meters the other Ethiopian Teresa[…]