The power rationing program that started in April is thwarting the productivity of the cement industry.
The local cement manufacturing industry, which has been facing a myriad of challenges, has been hard hit by the power shedding program the state power monopoly, Ethiopian Electric and the Ministry of Water and Energy recently introduced.
Cognizant of the need to promote private investment in Ethiopia and to assist in the government’s effort in job creation, the Government of Ethiopia (GoE) is preparing a policy that enables the setting up of a local venture capital fund in the country.
A new draft bill, which was designed to amend the existing, restrictive banking and financial services proclamation, has been tabled before the House of People’s Representatives (HPR) offering a new regulation, which has given the green light to foreign nationals of Ethiopian origin to engage in the banking and financial services sector.
The House of Peoples’ Representatives (HPR) has approved a draft bill which would provide for the establishment of an independent regulatory body tasked with overseeing and supervising the communications service in the country.
The Government of Ethiopia (GoE) is preparing a three-year financial program to overcome the country’s daunting financial challenges, Eyob Tekalign (PhD), State Minister of Finance, said at the fifth Annual Private Equity in East Africa Conference held at Sheraton Addis Hotel on June 13, 2019.
The recent economic reform agenda led by Prime Minister Abiy Ahmed’s (PhD) administration is focused on addressing five key areas, The Reporter has learnt.
A Chinese firm, Shenzhen Lemi Technology, has unveiled various solar technologies that it plans to supply to the Ethiopian market.
ADVERTISEMENT
ADVERTISEMENT
Interview
Debretsion Gebremichael (PhD) is the Chairman of the Tigray People’s Liberation Front (TPLF), one of the four parties that form the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF). He is also the Vice President of the Tigray Regional State.
Adele Khodr is the new head of UNICEF Ethiopia. She has had a long and rich career with one of the world's leading international humanitarian agency.
Martha Tadesse is a humanitarian photographer and photojournalist. A graduate of the Ethiopian Graduate School of Theology in Developmental Studies, she consultants a number of local and international NGOs, including UNICEF Ethiopia and uses her craft to advocate for social justice within Ethiopia.
Angel Villa is Cuba’s Permanent Representative to the African Union. Since the early 1990s he has worked in various positions at the Cuban Ministry of Foreign Affairs.
In the wake of the Ethiopian Airlines plane crash on March 10, 2019 dozens of American law firms are visiting Addis Ababa and talking to the families of victims of the accident. The law firms are under preparation to sue the aircraft manufacturer, Boeing.
Louise Chamberlain is the departing resident representative for the United Nation Development Program (UNDP) in Ethiopia, a position she has held since August 2018. Since July 2017, she served as UNDP Ethiopia Country Director. She has witnessed a lot going on in the country during her time in Addis Ababa and she believes the current reforms in Ethiopia are “mind boggling” and “impressive”.
ADVERTISEMENT
