Amid declining Ease of Doing Business (DB) indices, an instrument used by the World Bank Group to rank 190 countries across the world, the Ethiopian Investment Commission (EIC) has been tasked to oversee reform initiatives to improve business and investment climate in the country.
Five longtime former employees of the Saudi Embassy, previously stationed in the security unit in the capital, are accusing the mission of ill treatment and withholding their severance payment, including their last month’s salary of employment after serving in the compounds of the embassy for 25 years.
Since Sunday, the public have been captivated with unprecedented news. This time around it was not about the internal political unrest in the country, it was rather the arrest of Ethiopian-born Saudi tycoon Mohammad Hussein al-Amoudi by the Saudi Arabian government.
During the biannual high-level dialogue forum on industrial policy held early in the week in Addis Ababa, Kenichi Ohno, professor of economics at the Graduate Research Institute for Policy Studies (GRIPS), compared Ethiopia’s textile industry with that of Sri Lanka, stating that there is a lot the local sector could learn from Asian models.
A month after prominent German architect and long-time resident of Ethiopia, Dirk Donath went missing, colleagues, friends and the Germany embassy in the capital are struggling to explain what happened to him.
The Ministry of Mines, Petroleum and Natural has granted a large scale mining license to the Norwegian mining firm, Yara Dallol BV. The licence enables the company to develop a potash mine in the Danakil region of the Afar Regional State.