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Eight local investors, picked by the Ministry of Mines, cashed-in six billion birr to plant coal washing factories. The investors were chosen out of twelve competing for the coal washing factories, a fresh business in Ethiopia. The investors expect to return their investment within three years.
If Lij Iyasu’s fraternity with the Ottoman Empire in fending-off Europeans from the Red Sea area had succeeded, the course of history could have been otherwise, both for Ethiopia and the outcomes of WWI. Britain bet on the then Ras Tafari and outmaneuvered Lij Iyasu, whom the church accused of converting into Islam.
Zafu Abraha is director of the Education Curriculum Preparation and Implementation directorate at the Ministry of Education. She is leading a taskforce that is crafting a new education curriculum, completely replacing the existing curriculum that has been in place for over 25 years.
Ethiopia could lose up to 26 billion birr annually by putting into operation the African Continental Free Trade Area (AfCFTA), according to a document from the Ministry of Trade and Regional Integration. This includes Sur tax, withholding, excise, and VAT tax revenues generated from imports from African countries, which will be tariff free under the AfCFTA.
The Commercial Bank of Ethiopia (CBE) notified the tenants of Edna Malla new deadline for eviction. The bank’s letter dated December 7, 2021 notified tenants to evacuate within a month’s time.
There is a huge rise in threats against journalists from state and non-state political actors over the past three years, a new report showed. This was fueled by the explosion in political polarization over social media, the crisis of the conflict in Tigray, COVID-19, and the ethnicization of the media itself, according to Ethiopia Safety of Journalists (SoJ).
The former NBE vice Governor and Chief Economist, Yohannes Ayalew (PhD), flipped sides to become a bank President after a zealous service at the central bank for over 25 years. When he was assigned as President for the Development Bank of Ethiopia (DBE) in September 2020, just a month before an expansive war broke-out in the northern part of Ethiopia, DBE’s NPL was 20 percent above the minimum threshold of 15 percent allowed for policy banks.
A conglomerate dubbed ‘Government Holding Company (GHC)’ is under-formation; it is going to be an umbrella company which will be a hub for all State Owned Enterprises (SOEs) that are currently being overseen by the Public Enterprises Holding and Administration Agency (PEHAA). The holding company will be administered by a Board to be established.
The Ministry of Education (MoE) finalized the revision of the existing education curriculum for grade one to grade twelve. The new curriculum will be tested in 589 primary schools and 98 secondary schools this year, except in Tigray regional state and full implementation of the new curriculum is set to commence by next year (2015 E.C).