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 […]

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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 […]

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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 […]

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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 […]

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ኢትዮጵያውያን አንድ ሆነው ከተነሡ፤ ካሰቡት ሳይደርሱ አይመለሱ- ጠቅላይ ሚኒስትር ዶ/ር አብይ አህመድ

ውድ ኢትዮጵያውያን ወገኖቼ ፡- • ስለማይበገረው ጽናታችሁ እና ሁሉን ማድረግ ስለሚችለው አስደናቂ አቅማችን በተለየ አክብሮት እና ፍቅር እጅ እነሳለሁ፡፡ • በየትኛውም አስቸጋሪ ሁኔታ ውስጥ ሆነን እንኳን ሀገራችንን የሚመለከቱ አበይት ጉዳዮች ሲገጥሙን ከመቅጽበተ አይን ለሚያጋምደን- ያለምንም ልዩነት እንደ አንድ እናትና ልጅ ለሚያዛምደን እና ያለመለያየት ለሚያዋህደን ዘመን አይሽሬ ኢትዮጵያዊ መንፈሳችን ያለኝን የማይናወጥ ፍቅር በክብራችሁ ጥላ ስር ሆኜ በክብር እገልጻለሁ፡፡ • መቼም- ማንም የትኛውንም የክፋት ሴራ የሚሰራ የጥፋት አበጋዝ አብሮነታችንን ሊያጠለሽ ቢጥር እንኳን አብሮነታችን ከነፍሳችን ውስጥ የተሸመነ እንጂ ከስጋችን ላይ የተጎነጎነ አይደለምና አብሮነታችንን ላጸደለው የአረንጓዴ አሻራ ድላችሁ የተለየ ምስጋናዬን በፍቅሬ ሙዳይ ሞሽሬ እነሆ…

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Ethiopia hopes for top 100 business ranking

A committee designed to make doing business easier has announced Ethiopia may not see a significant ranking change on the World Bank Doing Business annual report which is going to be published in the coming October. The committee, formed about six months ago, and chaired by Prime Minister Abiy Ahmed met on Tuesday July 23 […]

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Hawassa hotels occupancy rates drops to 6%

The southern region’s capital city, Hawassa, which in normal times has nearly 100 percent hotel room occupancy has only had a six percent occupancy rate in July. Since conflict occurred on July 18 the situation has gotten worse. Hotel owners who spoke with Capital said restaurants and cafes have seen a 70 percent decrease in […]

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POLARIZING GLOBALIZATIOIN IN TROUBLE

The ruling ideology of the world order is anchored on the powerful human vice of unadulterated greed. Almost everything we do in our world system, collectively or otherwise, is based on this principle, even though it is not explicitly stated as such by the global status quo. The economic aspect of the system upholds exploitation […]

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POLARIZING GLOBALIZATIOIN IN TROUBLE

The ruling ideology of the world order is anchored on the powerful human vice of unadulterated greed. Almost everything we do in our world system, collectively or otherwise, is based on this principle, even though it is not explicitly stated as such by the global status quo. The economic aspect of the system upholds exploitation […]

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36.3 billion birr in revenue

The state-owned Ethio Telecom, a potential candidate for privatisation, generated 36.3 billion birr in revenue during the last fiscal year, a 7 percent rise from the previous year. Multinational firms are eyeing a slice of the telecom provider after the government announced to liberalise the telecommunications sector, opening up one of Africa’s last remaining state-controlled […]

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