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Winner takes all: The international arbitration game

With increasing flow of Foreign Direct Investment (FDI) to Ethiopia and the expectation of more in the near future, Ethiopia has no other choice but embrace a host of international rules and regulations. One such rule is the intricate process of international investment and commercial arbitration.

Mati Multiplex goes national

Mati Multiplex, the first state-of-the-art cinema house in the country, has launched a plan to expand nationwide with branches across six major regional towns while Bahir Dar becomes the first town outside Addis Ababa to have 3D Cinema facility.   

Huawei takes over Ericsson’s portion of network project

The Chinese telecom provider, Huawei Technologies Co., which is currently locked in a global market battle with Ericsson, is taking over portions of projects bequeathed to the Swedish telecom giant that was contracted after the state-run telecom provider; Ethio Telecom snatched shares of ZTE Corp. nearly two years ago.

Confiscated gallstones fetch ERCA 2 mln birr

The Ethiopian Revenues and Customs Authority (ERCA) pocketed some two million birr from an auction which was held to sell 11kgs of confiscated animal gallstones to which the government had no clue as to the of value before, it was learnt.