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Coffee exporters grapple with cargo pilferage

A systematically orchestrated coffee cargo pilferage destined for export market has become a trend in the export business with at least six exporters reportinga loss of some 150 quintals from sealed containers, The Reporter has learnt.

Africa’s agriculture getsfinancingfor innovative technologies

Grappling with vicious cycles of drought and low productivity, the African Agricultural sector is about to see new initiatives that will propel innovation and technology oriented farming practices in which the African Development Bank (AfDB) has announced a USD 50 billion in financing.

Rejuvenating the GERD

Launched in 2011 with a plan to be finalized in five years, the Grand Ethiopian Renaissance Dam (GERD) still has four more years to go before completion marking 11 years, if not more.

Venturing in to 5G: new technological era

In a dining room reserved for only ten people for a banquet at a fancy hotel in the middle of Shenzhen, two executives of ZTE Corporation, a Chinese telecom multinational, are seen sitting around a shiny dining table–the vice president and managing director for corporate branding— Shu, David Dai and his deputy.

IMF says, layoff Non-Concessional Borrowing

In its latest staff report released this week, dubbed “Article IV Consultation for 2018,” the International Monetary Fund (IMF) stated that Ethiopia has to restrain from accessing any Non Concessional Borrowings (NCB) for the upcoming fiscal year, respecting the agreed up on zero ceiling limit on its commercial borrowing portfolio.

German companies see positive economic prospect for Ethiopia

A growing number of German companies operating in Ethiopia have expressed “high expectations” regarding Ethiopia’s economic prospectsin the coming years, according to the first Business outlook survey conducted by the Delegation of German Industry and Commerce in East Africa and the Embassy of Germany in the capital.

Sweden announces USD 400 million cooperation, support with region

With a focus on helping Ethiopia advance on areas of environment, climate change, job creation, human rights and democracy;CarinJamtin, the Director General of the Swedish International Development Agency, made a two day visit of the capital earlier this week and pledged support for various development endeavors in the country.