Monthly Archives: March 2012

Ethiopia sells off seven state firms, to offer more

* Eyes privatisation of another 40 firms * Rules out airlines, telecoms and banks By Aaron Maasho  (Reuters)  Ethiopia has accepted bids worth 2.1 billion birr ($121 million) for seven state-owned firms, part of a plan to privatise dozens of corporations

Ethiopian Terrorism Trial Hears Journalist Defendant

Peter Heinlein , VOA | Addis Ababa A dissident Ethiopian journalist on trial for terrorism has categorically denied the charges and warned the court that history would judge its verdict. A three-judge panel listened Wednesday as journalist Eskinder Nega described

Ethiopia export earnings rise 17 pct yr/yr in 8 months to Feb

* Earnings hit $1.87 bln, up from $1.6 bln * Gold, oil seeds rise, coffee revenue down 7.9 pct ADDIS ABABA, March 27 (Reuters) – Ethiopia’s export earnings rose 16.6 percent in the eight months to February compared with the same

Ethiopian troops seize main rebel town in central Somalia

MOGADISHU (AFP)— Ethiopian forces on Monday seized the main base of the Al Qaeda-linked Shebab insurgents in central Somalia, the latest stronghold the extremists have lost in recent months, witnesses said. Ethiopian troops and fighters from the pro-government militia Ahlu

Ethiopian Admits to Pressure from Soaring Fuel Prices

Revenues increase by 50pc compared to an increase of 30pc in last year’s period. Abdi Tsegaye,  Addis Fortune The management of Ethiopian Airlines acknowledged, last week, that the national carrier is under pressure due to a surge in the price of

Walmart in Ethiopia

Walmart and Ethiopian government negotiate entry: Reporter Walmart, the US multinational retailer corporation that runs chains of large discount department stores and warehouse stores, and the Ethiopian government are conducting negotiating on the ques...

ZTE to establish R&D in Ethiopia

Minister calls for prospective sector players to register : Reporter ZTE, the second-biggest telecom giant in China and current major network provider to Ethio Telecom, has proposed to establish a Research and Development (R&D) Unit in the future ICT Park

Fatuma Sado of Ethiopia wins LA Marathon

Fatuma Sado of Ethiopia wins LA Marathon women’s race; Kenya’s Simon Njoroge wins men’s race By Baxter Holmes Beneath surprisingly sunny skies, Fatuma Sado won the 27th annual L.A. Marathon in the women’s category on Sunday, posting a time of