Prime Minister Abiy Ahmed has launched the construction of Bus Rapid Transit Lane (BRT)

Prime Minister Abiy Ahmed has launched the construction of Bus Rapid Transit Lane (BRT) from Jemmo to General Wingate along with Deputy Mayor Takele Uma and French Ambassador to Ethiopia Frédéric Bontems. The Bus Rapid Transit is said to have 20 Km length and will have bus stops at places in Addis Ketema, Lideta, Kirkos […]

The post Prime Minister Abiy Ahmed has launched the construction of Bus Rapid Transit Lane (BRT) appeared first on Capital Ethiopia Newspaper.

Read More

Standing Committee orders Finance Ministry to revise budget of NEBE

The Revenue, Budget and Finance Standing Committee of the House of Peoples’ Representatives ordered Ministry of Finance (MoF) to correct the National Electoral Board of Ethiopia (NEBE) budget allocation. At the draft budget hearing held on Wednesday June 24 the standing committee, which is responsible to evaluate the budget proposal for democratization institutions like NEBE, […]

The post Standing Committee orders Finance Ministry to revise budget of NEBE appeared first on Capital Ethiopia Newspaper.

Read More

T Bill to fill budget deficit

For the coming budget year the government targets to fill the major share of the budget deficit from Treasury bill (T bill) against direct borrowing. The tax collection from indirect taxes is also set as a major source for the period. It has been recalled that Minister of Finance (MoF), Ahmed Shide, delivered his budget […]

The post T Bill to fill budget deficit appeared first on Capital Ethiopia Newspaper.

Read More

Ethiopia will fill dam within next 2 weeks

Ethiopia is scheduled to begin filling the Grand Ethiopian Renaissance Dam (GERD) within the next two weeks, during which the remaining construction work will continue and negotiations will be concluded, according to Office of the Prime Minister. The statement issued on Saturday June 27, said that the three countries have agreed to reach a final […]

The post Ethiopia will fill dam within next 2 weeks appeared first on Capital Ethiopia Newspaper.

Read More

First session of Capital’s webinar on COVID-19 conducted

Second session live on Tuesday Participants who attended the live coaching conducted by Capital Newspaper on June 23, as part of its webinar series, with the first session on the theme “Building Resilience and Finding Serenity through COVID-19,” said that the session was helpful in terms of understanding and handling stress in this difficult time. […]

The post First session of Capital’s webinar on COVID-19 conducted appeared first on Capital Ethiopia Newspaper.

Read More

Utility tower theft left eastern part of Addis in the dark

The Ethiopian Electric Power (EEP) announced that the theft of the electric transmission tower at the eastern part of Addis Ababa is the first of its kind that happened in the city. On June 24 the 132 kilo volt power transmission tower located around Bole Lemi Industry Park was damaged by individuals who then stole […]

The post Utility tower theft left eastern part of Addis in the dark appeared first on Capital Ethiopia Newspaper.

Read More

Bottlers request gov’t assistance to export their product

The Ethiopian Bottled Water and Soft Drinks Manufacturing Industries Association (EBWSDMIA) request the government to support the sector to generate foreign currency by exporting their product. The industry which now have over 100 water bottlers is substantively focused on the local market meanwhile experts said that the product is crossing borders via contraband. Ashenafi Merid, […]

The post Bottlers request gov’t assistance to export their product appeared first on Capital Ethiopia Newspaper.

Read More

The Bread Factory

Prime Minister Abiy Ahmed inaugurated Sheger Bakery, which is dubbed as the largest bakery and flour factory in Africa with a potential of baking 1.8 million loaves of bread every day in three shifts. “The Sheger Bakery which took 10 months from conception to finalization is symbolic of our path to prosperity. Producing 80,000 pieces […]

The post The Bread Factory appeared first on Capital Ethiopia Newspaper.

Read More

Demand for raw materials for electric car batteries set to rise further: UNCTAD report

The demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of oil as a source of energy recedes, as highlighted recently by the collapse of prices due to oversupply and weak demand resulting from COVID-19, according to a new UNCTAD report. The report, Commodities at a glance: Special issue […]

The post Demand for raw materials for electric car batteries set to rise further: UNCTAD report appeared first on Capital Ethiopia Newspaper.

Read More