Africa News Bulletin

Ethiopia

Ethiopia: Bavaria Overseas Proposed to Package Habesha Beer

The Dutch company Bavaria Over Sis Breweries, which owns more than 71 percent of Habesha Brewery, has proposed to completely wrap up the company’s shares, but the purchase price it proposed to the shareholders has caused controversy.    According to the reporter’s sources, Bavaria recently proposed to buy one thousand birr shares for 2,500 birr …

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Egypt’s Sisi urges Ethiopia to Engage in ‘Good Faith’ to End GERD Feud

Egyptian President Abdel-Fattah al-Sisi renewed calls on Ethiopia to engage in good faith with Egypt and Sudan to reach a legally binding agreement on the controversial Grand Ethiopian Renaissance Dam (GERD). Al-Sisi made the call at the China-Arab Summit held in Riyadh, Saudi Arabia on December 9. The first meeting of its kind was attended …

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Ethiopia: Tigray Government and Forces negotiate Disarmament

The Ethiopian Government Communication Service refers, in a tweet, that the members of the Government started to work, last Wednesday, in the city of Shire. It is the first time that both sides have held official talks inside Ethiopia since the fighting broke out. The Peace Accord says that Tigray forces “must be disarmed within …

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Ethiopia: Ongoing Peace Talks

The conflict has become what World Health Organization (WHO) Director Tedros Adhanom Ghebreyesus, whose family is originally from Tigray, recently described as a health crisis for more than six million people, and one that, “the world is not paying attention”. Between 385,000 and 600,000 people have been killed since the conflict began, with “war rape” …

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Equity Group’s Nine-Month Net Profit Rises to $273 Million

Equity Group’s net profit for the nine months to September 30 increased by 26.62 per cent, largely helped by a surge in fees and commissions on banking transactions, forex trading and interest income from investments in government securities. The group’s profit after tax rose to Ksh33.35 billion ($273.36 million) from Ksh26.33 billion ($215.81 million) in …

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Ethiopia: Districts of the Amhara Region were Banned from Giving Land for Investment Around the City

Districts in the Amhara region have been banned from transferring land around cities to investors without approval from the regional investment office. Amhara Regional Industry and Investment Bureau Head Ato Adris Abdu told the reporter that this restriction was imposed on the districts due to the trend of “illegality” and “land grabbing” on the land …

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Ethiopia: A Month-long Consultation was Started to Give the License for the Third Telecom Service

The company that wins the bid will start service with the 08 starting number. After Safaricom Ethiopia, the Ethiopian Communications Authority has launched a stakeholder consultation on the expression of interest and tender to issue the second new telecommunications service license (License B). Until December 7, 2015 During the one-month consultation, international telecom service companies …

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Ethiopia: Parliament Asked to Prepare a Decree that Includes Institutions that are not Audited

The Federal Auditor General’s Office was asked by the parliament to prepare a decree that would help audit other institutions not included in the decree, including defense, in the audit work of the federal budget offices. The Chairman of the Standing Committee on Government Expenditure Management and Control of the House of Representatives, Christian Tadele, …

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