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Urban safety-net secures USD300 MLN financing

The House of Peoples’ Representatives (HPR) on Tuesday discussed several draft laws, including a USD 300 million loan agreement that Ethiopia recently cemented with the World Bank Group for the soon-to-start Urban Productive Safety Net project which will be implemented in Ethiopia for the first time.

Hotel owners vow to establish hospitality academy

In a bid to curb the critical shortage of skilled labor in the hospitality business, the star-rated hotel owners in Addis Ababa have agreed to establish an academy, which aspires to cater to the demand of regional markets in the future, it was learnt.

Ethiopia edges closer to joining Africa Trade Insurance

Ethiopia’s bid to join the African Trade Insurance Agency (ATIA) has come close to be finalized as the Houses of Peoples’ Representatives (HPR) on Tuesday reviewed a draft bill that stipulates membership terms for the country when joining the continental insurance organization.

Ermias charged with writing bad cheques

Ermias Amelga, founder and former CEO of Access Real Estate S.C, has been charged by prosecutors at the Second Criminal Bench of the Federal High Court at Arada Division on March 25 for writing bad cheques.

Anomaly in the cement industry

With the ongoing construction boom in the country, various high-rise corporate headquarters and condominiums are step by step popping up in the city.

Anomaly in the cement industry

With the ongoing construction boom in the country, various high-rise corporate headquarters and condominiums are step by step popping up in the city.

Low healthcare financing risks development in Ethiopia

During the UN Secretary General’s High-Level Panel held in Johannesburg on Thursday, civic society organizations warned that low income countries with promising development boom risk it all when there is insufficient healthcare financing.

China tops Ethiopia's external budgetary source

The Ministry of Finance and Economic Cooperation (MoFEC) revealed on Tuesday that China is the leading source of finance among several foreign countries that the Ethiopian government has identified as its lenders and donors to cover the budgetary requirements.