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Over EUR 70 mln loan signed for relocation, expansion of Addis Ababa abattoirs

Ethiopia and France on Thursday signed 70.5 million euros loan and grant agreement to support the relocation and expansion of Addis Ababa Abattoirs Enterprise.

Ethiopia is one of the countries in the world with more than three million of its citizens residing in foreign land.

CBO to change its logo

Cooperative Bank of Oromia (CBO) one of the thriving private financial institutions in Ethiopia announced this week that it is about to change its logo after 13 years since it joined the industry.

Merkel amid the Unrest

Germany's Chancellor Angela Merkel paid an official visit to Ethiopia in October, 2017 as part of her a three-nation tour in Africa which had taken her to Mali and Niger before arriving in Addis Ababa. 

The Koshe tragedy

One of the most heat-breaking tragedies in the just ended year and even in the history of Addis Ababa was the garbage collapse at the famous Koshe landfill which claimed over 113 lives in the South western Addis Ababa.

Forex and power shortage

This year was particularly cruel to Ethiopia’s foreign trade sector. A diminishing global demand and price for Ethiopia’s primary export commodities destined for the international market has continued the sort of dry spell that Ethiopia’s foreign trade sector has been experiencing in the past three years. This has a direct impact on Ethiopia’s export earnings and hence it foreign currency reserve.

The year, like any other, also saw the passing away of individuals including some high profiles and prominent personalities widely recognized for their respective engagements in political, economic and social life of Ethiopia. Few of those prominent figures include:-