UNCTAD says “Africa should fear no robots”
During the launching of the annual report, dubbed Trade and Development Report 2017: beyond austerity- towards a global new deal, which the United Nations Conference on Trade and Development (UNCTAD)
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 Israeli fertilizer giant, Israel Chemicals (ICL), which was involved in potash mine development project in Ethiopia, filed a law suit against the Ethiopian government at The Hague International Arbitration Court, The Reporter has learnt.
EIB to avail 12 billion birr in loan
European Investment Bank (EIB) is said to inject close to 12 billion birr in finances to local firms in a largest ever financing program designed by the bank to Ethiopia.
By Brook Abdu
Internet Corporation for Assigned Names and Numbers (ICANN), an international body that is responsible for coordinating unique identifiers that people use to access the Internet, is changing its domain name system cryptography key.
The Addis Ababa City Finance and Economic Development Bureau over the week instructed the city’s procurement agency to exclusively purchase cement from local producers, forcing the agency to amend its 1.7 billion birr international competitive bid.
Prominent soil scientist and former state minister of agriculture, Tekalign Mammo, (Prof.) who won the prestigious International Fertilizer Industry Association’s (IFA) Norman Borlaug Award, passed away of natural causes, his family announced on Wednesday.
Addis Ababa City Procurement Agency rejected the request made by C & E Brothers Plc., a local steel producer, for an extension in the bid evaluation timetable to provide tested samples for consideration thereby ascertaining its continued participation in a half billion birr steel purchase.