[Addis Fortune] Ethiopia gets an additional 375 million dollars of financial assistance to finalise work of the electrification program. The parliament has legislated the loan agreement that signed between the Ministry of Finance & Economic Cooperation (MoFEC) and International Development Association (IDA).

[Addis Fortune] Keangnam Enterprise Limited, a Korean construction company that pulled out of the country after bankruptcy and landing in debt for 339 million Br of taxes and customs duties, has requested the government of Ethiopia to be reinstated despite its past ordeals.

[Addis Fortune] The effectiveness of a system of checks and balances put in place to ensure against any one branch of the government getting too powerful has been debated. Naysayers rarely go deep enough into the intricacies of governance to point out that checks and balances are there for show. They merely stress that the legislative, executive and judicial branches are monopolised by a single party which often finds it difficult to hold its members accountable.

[Addis Fortune] The Ministry of Labour & Social Affairs (MoLSA) tabled a draft proclamation to the parliament on a domestic employment agreement Ethiopia signed with Saudi Arabia.

[Addis Fortune] The hotel will sit on 1,800sqm plot of land in Gojjam Zone, of Enarj Enawga Wereda

[Addis Fortune] A local software developer finalised and submitted the software back in January

[Addis Fortune] Out of 97 buses which needed repairs, 86 were assembled at Bishoftu Automotive

[Addis Fortune] There is usually too great a focus on commercial banks when often times the same gaps can be filled by microfinance institutions. Not many are as informed about this though. Thus the government must take the initiative to show that there are alternative sources of financing to engage in, writes Belay Abera ([email protected]), a public health professional and researcher.