Ethiopian Premier League’s (EPL) newest club Mekele City FC (M City) announced the inclusion of three new foreign players to its squad on Wednesday. The three players joining Mekele include two Ghanaians and one from Equatorial Guinea.
One year after the last salary and scale adjustment to the government employees was made the government proposed the long-awaited amendment to the employee tax schedule this week. Following the leaks on social media a few months ago, debates surfaced as to what this amendment entails to employees and their purchasing power by extension. Now with all rumors aside, the current amendment, which would be implemented next month, is something that is stirring another round of debates, writes Asrat Seyoum.
Dubbed the miracle on Han River, South Korea’s growth narrative is the ultimate underdog story in development. Now wielding an economic power, which is the 11th largest in the world, the country pulled off the unthinkable in a matter 60 years. In his recent visit to South Korea Asrat Seyoum of The Reporter observes that industrial clustering, innovation in textile industry and the so called Saemaul movement played pivot roles in the country’s development. And that Korea is still an evolving narrative.
Ten missing cars and more than two billion birr unaccounted for. Lost, undocumented, misused, and damaged public properties. These were just some of the shocking facts revealed in the report of Gemechu Dubiso, Auditor General, on Tuesday in a presentation to Parliament. The concerns raised by Gemechu and the fact that it is getting from bad to worse had MPs irritated. Subsequently, MPs called for swift action, reports Yonas Abiye.
The horticultural sector, among which the cut flower export sector is the major one, has fetched some USD 245 million in 2014. This stands at a stark contrast to the coffee sector, which brought in less than USD 800 million dollars in the same period, since the total land covered by the former is only 1,500 hectares as opposed to 500,000 hectares of land covered by coffee. It was exactly this high-value nature that drove the government to support sector in every aspect. Nevertheless, it looks like those days have gone. The sector these days is aching out for each hectare of land and the problems get worse when it comes to expansion projects. On the other hand, the sector players are also concerned about the quality of support that is given to them from their lead agency, write Asrat Seyoum and Birhanu Fikade.
They say population is a blessing as well as a curse; well in recent time Ethiopia looks to be feeling the pressure of population explosion approaching the big 100 million. Public services like electricity and water are at the forefront of this population pressure narrative Ethiopia. Although, Ethiopians are quite familiar with power rationing, last week the Addis Ababa City Administration announced its plan to ration water, writes Yonas Abiye.
With the ongoing construction boom in the country, various high-rise corporate headquarters and condominiums are step by step popping up in the city. The industry and the construction boom has attracted the likes of Nigerian business tycoon, Aliko Dangote, and Ethiopian-born Saudi billionaire, Sheik Mohammed Al Amoudi. The years 2012 and 2015 brought the giants Derba Cement Factory and Dangote Cement
It seems that consolidation is the new way to go for banks. Although difficulty in managing “too big to fail” banks is highly apparent, still the industry prefers mergers and acquisitions to expand shareholder benefit. This global move is also inducing countries in Sub-Saharan Africa to consolidate their domestic banks and regulators of the Ethiopia banking industry appears to be on the same wave length with the latest move to combine the two state-owned banks being one example, writes Asrat Seyoum.