Unrest closes Hawassa Industrial-Park

Following threats to declare a new region by the Sidama ethnic group, business was not going on as usual in Hawassa and other surrounding towns including Ethiopia’s flagship Hawassa Industrial Park where employees were absent for days, Capital learned. As youth and activists of the Sidama ethnic group announced they would declare independent regional states […]

Read More

Meds for poor smuggled to private pharmacies

Officials from the Food, Medicine and Health Care Administration and Authority (FMHACA), says medicines for serious illnesses like malaria are being stolen from pharmacies at government hospitals and sold for three times the original amount in private pharmacies. According to sources, private pharmacies are illegally selling government subsidized pharmaceutical drugs meant to be provided for […]

Read More

Super Supermarket

MIDROC inaugurated a unique branch of Queen’s Supermarket at Keranyo area-Keranyo Plaza at a cost of 60 million birr including pre operating and working capital. The building alone is priced at 37.7 million birr. The Supermarket was inaugurated in the presence of Shiek Abdela Ali Huissen Almoudi, brother of the owner of MIDROC, and Arega […]

Read More

Third Islamic bank comes to life

Zad Bank Share Company, which is the third Islamic bank under formation, began selling shares to Ethiopians to provide interest-free banking services after the central bank issued them a license to sell shares and open an account. Under Sharia law, it is not permitted to charge interest as money isn’t allowed to generate more money […]

Read More