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GIZ launches award for Ethiopian coffee farmers

German Ministry for Economic Cooperation and Development through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), has launched an award to recognize innovative ideas within the farmers of Ethiopia worth EUR 50,000.

NHY partners with MAC Cosmetics

MAC Cosmetics, the New York based brand under the multinational beauty giant Estee Lauder, is set to open its first store in the capital under a franchise agreement.

Karuturi, Saudi Star et al labeled poor performers, less responsible investors

A development and environmental scholar, Atkyelesh G.M. Persson has found out that foreign large-scale firms engaged in the Ethiopian agricultural sector have failed to deliver on productions and argued that most of the companies studied have been found to meet the minimum standards of a “responsible investors”, The Reporter has learnt.

Capital lease finance company opens shop

The National Bank of Ethiopia (NBE) has licensed the first foreign capital lease finance company called Ethio Lease. Ethio Lease was established by African Asset Finance Company, a New York City-based finance company, with a registered capital of 400 million birr.

MoE orders Education bureau to stop displacing supervisors

The Ministry of Education (MoE) has ordered the Addis Ababa Education Bureau to halt an ongoing reshuffling process that is said to be demoting supervisors and forcing them to work as school directors and principals, which the Bureau is says to be part of a reform process it is undertaking.

Skirmish in Johannesburg leads to arrest of 150 Ethiopians

The Ethiopian Ministry of Foreign Affairs (MoFA) is closely following the case of 150 Ethiopians who have been detained as a result of the skirmish between the security forces of South Africa and traders at the Johannesburg Central Business District, the spokesperson of the Ministry said during a media briefing on Friday, August 9 2019.