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Ethiopia edges closer to multiplying GMO Cotton seeds
In a bid to bypass the foreign currency shortage that forced halt the import of Bt Cotton seeds, the Indian based JK Agri Genetics Ltd. is negotiating to bring its patent and multiply Genetically Modified Organism (GMO) seeds in Ethiopia.
Government seeks to privatize agricultural extension program
The Ministry of Agriculture (MoA) is finalizing legal frameworks that enable private companies provide agricultural extension programs, The Reporter learnt. The move would effectively end government monopoly of the service.
Beyond Debt Restructuring
Over the years, external loan has been the low hanging fruit for the government of Ethiopia to bridge the wide gap between exponentially growing investment needs and meager domestic resource mobilization. Behind most of Ethiopia’s major public projects are financiers waiting for a return of their loans.
Tracking Ethiopia’s baby steps in financial technology
Yillebes Addis is the CEO of EthSwitch. His knowledge of financial technologies coupled with management skills make him suited for developing countries like Ethiopia, where e-commerce is taking baby steps. During his maiden year at the helm, which was three years ago, EthSwitch recorded profit for the first time after covering losses for years.
“Rebuilding region would take at least 30 years”
Recovering from the severe economic damage inflicted by the war in northern Ethiopia and bringing back the economy of Amhara regional state to pre-Tigray war economic status would take thirty to forty years of endeavor, revealed an assessment by the Planning Commission of the Amhara Regional State.
R&D centers to sprawl across manufacturing corridors
A new public entity dubbed ‘manufacturing industries development institute’ envisages installing Research and Development (R&D) centers for six sectors including metal, textile, leather, chemical, electronics and agroindustry.
ethio telecom lost 1.9 billion Br in revenue to conflict in first quarter
The state telecom giant, ethio telecom, lost 1.9 billion Birr in revenue due to the conflict in the northern part of the country. As a result, its revenue for the first quarter of 2021/22 Ethiopian fiscal year fell 12 percent short of its planned 15.4 billion Birr.
CBE’s profit surpasses target set
Commercial Bank of Ethiopia netted 6.8 billion Birr profit, exceeding its own 4.7 billion Birr target for the just ended first quarter by 146 percent.
Coal rush: source of wealth or conflict?
Officials and geologists from Oromia Mineral Development Authority traveled to Derbi Moye, one of the three coal rich woredas in Jima Zone located 70 kilometers from Jima town, three weeks ago.
Uranium radiation harms dozens
Uranium radiation caused severe injuries to dozens of children and youngsters in Madda Walaabu, Bale zone of Oromia regional state, over the past year.
