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14 Charged With Defrauding Ethiopian Shipping Lines & Logistics Services Enterprise of 19 Million Birr

A former employee of the Ethiopian Shipping Lines & Logistics Services Enterprise (ESLSE) has been charged with masterminding a scheme to defraud the company of 19 million Birr ($873,236). Deres Abebe, who allegedly orchestrated the theft of the money via Read more ›

Italian Financial Firm to Fund Construction of 2,000 MW Dam in Ethiopia

Ethiopia has announced the construction of a 2,000 MW capacity dam, which would be funded by an Italian credit firm. Ethiopia’s Prime Minister Hailemariam Desalegn announced the deal for the dam named Koysha this week. The announcement came after successful Read more ›

Leaders of Ethiopia, Egypt and Sudan Sign Cooperation Agreement During Meeting on Renaissance Dam

The Presidents of Egypt, Ethiopia and Sudan agreed to join forces on Saturday after a meeting regarding updates on the construction of the Ethiopia Grand Renaissance Dam (GERD). Ethiopia’s Prime Minister Hailemariam Desalegn and Sudanese President Omar al-Bashir met President Read more ›

Ethiopia Struggles with Frequent Power Cuts After Failed Rains

Ethiopia is experiencing power cuts and this may become a frequent phenomenon as low rainfall has left dams with depleting water levels. This week, there were two days of power cuts, which was reportedly caused by technical problems with the Read more ›

Emperor Haile Selassie’s 18k Gold Wristwatch Auction Suspended as Family Disputes Ownership

A Swizz judge has suspended the auction of an 18 karat gold wristwatch which allegedly belonged to Ethiopia’s last Emperor Haile Selassie. The judge made this decision on Monday after Selassie’s family raised questions about the origin of the watch. Read more ›

Ethiopia Faces Hunger Crisis as El Nino-Inspired Drought Affects Millions

Ethiopia’s agriculture-dependent rural population has been affected by severe weather patterns. This year, the worst drought in a decade is expected to hit a large part of the country and other East African nations. Meteorologists say the drought, which was Read more ›

Ethiopia eager to host Africa’s foremost football tournament

Ethiopian Prime Minister Hailemariam Desalegn has expressed optimism about the country’s chances of winning the bid to host the 2017 Africa Cup of Nations (AFCON). This past week, he assured the press of his government’s support and preparedness to meet Read more ›

President Uhuru signs Finance Bill and Victim Protection Act 2014 into law

By PSCU/O’brien Kimani NAIROBI (KBC) – President Uhuru Kenyatta has signed into law the Finance Bill 2014 introducing sweeping changes to the administration of taxes in the country. The bill was passed by Parliament on 28th, August, 2014. The new Read more ›

Rwanda commissions East Africa’s largest solar plant

KIGALI – The Rwandan government has commissioned the country’s first utility scale solar plant, which is also the biggest in the region. The solar photovoltaic project is expected to increase the nation’s capacity to generate electrical power by about 7%. Read more ›

East African currencies continue to struggle against the US Dollar

(The East African) – East African economies are feeling the pinch of inflation as their currencies continues to weaken against the dollar. By Allan Olingo Uganda and Rwanda managed to ensure the inflation rate remained below 5 per cent. Rwanda’s Read more ›

AU holds emergency meeting on Ebola in Addis Ababa

Standard Digital-(Addis Ababa)-African Union chiefs held an emergency meeting Monday to hammer out a continent-wide strategy to deal with the Ebola epidemic, which has killed over 2,000 people in west Africa. “Fighting Ebola must be done in a manner that doesn’t fuel isolation or Read more ›

Kenya secures $113m to build 1,550km road connecting Burundi

By Christabel Ligami and Adam Ihucha Kenya has secured $113 million from the African Development Bank for the construction of a transit route from the Indian Ocean to Bujumbura in Burundi, heightening competition between the ports of Indian Ocean to Bujumbura Read more ›