Monthly Archives: June 2014

IMF SEES CONTINUED ROBUST GROWTH, SINGLE-DIGIT INFLATION FOR ETHIOPIA

ADDIS ABABA, June 30 — The International Monetary Fund (IMF) says the Ethiopian economy continues to experience robust growth and single-digit inflation the 2014 Article IV Consultation with the country which took place earlier this month. An IMF mission led

ETHIOPIAN AIRLINES GETS 50 MLN EURO FRENCH LOAN FOR NEW CARGO TERMINAL

ADDIS ABABA, June 30- Ethiopian Airlines and the french development agency, Agence Française Development (AFD), have signed an agreement for 50-million Euro loan which will be used to finance the construction of a new state-of-the art cargo terminal here. The

KENYA GETS AFDB LOAN TO BUILD INFRASTRUCTURE TO IMPORT ELECTRIC POWER FROM ETHIOPIA

ADDIS ABABA, June 30 — The African Development Bank (AfDB) has approved a 10 billion-shilling (about 114.3 million US dollar) loan to Kenya for it to finance construction of electricity transmission infrastructure which will enable it to import electric power

This World of Virtual Love!

“Do you like to dance?” was a Facebook pop-up chat Tihitina Ayalew, 24, received on her timeline. She stared at the words smiling and thinking: “What a weird question?” This question came from a stranger she added on Face book

BNH to Open Permanent Office in Addis Ababa

The deputy hospital director and other members of the Bangkok-based BNH Hospital – a hospital that has been in service for 116 years – were here in Addis Ababa to assess the situation in Ethiopia and to establish a g

National Constitutive Dialogue As the Only Way Forward Towards a Viable Democratic Constitutional State [opinion]

It is to be recalled that the South Sudanese government threatened to withdraw from the IGAD mediation after the Executive Secretary of the IGAD, Eng. Mahboub Maalim, allegedly said that the warring parties were “stupid” if they thought they could

Ethiopia, Nigeria Sign Security Agreement

The signed cooperation agreement includes working on agriculture and diplomatic services training. The visit was accompanied by Tedros Adhanom (Ph.D.) minister of Ministry of Foreign Affairs (MoFA) and other senior officials. Speaking at a joint press conference with President Goodluck

First Motor Oil, Grease Company Opens in Ethiopia

Lubham Oil and Grease Company was opened on Tuesday in Gelan town of the Oromia Special Zone, which is located some 37 on south east of Addis. Nastech Petroleum, the owner of Lubham Oil and Grease Company, which is currently