Several grade one contractors are declaring loss after failing to deliver their pending projects, leaving clients disappointed. Teklebirhan Ambaye Construction (TACON), a grade one contractor with over 5,000 employees, is among the contractors on the verge of collapse. While its major shareholder, Teklebirhan Ambaye, a renowned businessperson, has already left the country, his company has […]
Grade One Contractors in the Midst of Crisis Read More »
Ethiopia exported a record-high 3.6 billion dollars worth of goods during the just-ended fiscal year. It is over half a billion dollars higher than the amount registered during the 2019/20 financial year and the highest in the history of the country. Export proceeds of the country never surpassed three billion dollars since 2012. The latest
Export Reaches New Height at $3.8 billion Read More »
Ethiopia’s federal government allocates almost one billion dollars (45 billion Birr) to repay debt in the next 12 months, Birrmetrics learnt. It will be the third-highest expenditure of the government, just next to road and education. The money allocated for debt servicing is almost equal to 13pc of the country’s budget and is approved at
Ethiopia Allocates One Billion Dollar for Debt Servicing Read More »
