• Government Drafts a Directive for Salt Production, Trade

    The Ministries of Trade, Mines, Industry and Health are jointly drafting a directive for the production and trading of salt, partly spurred by a salt shortage the country had faced – in 2010. The draft was initiated by three major reasons according to Ali Siraj, state minister for the Ministry of ...

  • Ethiopian Industrial Inputs Development Enterprise Makes Second Import of Cloth, Cotton

    The new Ethiopian Industrial Inputs Development Enterprise (EIIDE), which absorbed the Merchandise Wholesale Import & Trade Enterprise (MWITE), is importing two containers of sample cloth and 10,000qls of cotton for the second round, which is expected to arrive in the country in the coming two months. “The cotton and the cloths ...

  • Somali Region Gets a Second Micro Finance Institutions

    The Somlai Region is going to open a second Micro Finance Institution (MFI) from which is going to extend loans from 10pc to 20pc. This will be the second in the region. Rays MFI received approval from the National Bank of Ethiopia (NBE) on January 26, 2015, which will enable it ...

  • Cooperatives Improve Economy of Lower Income Society

    [Ethiopian Herald] The Ethiopian Cooperatives Agency opened the 2nd National Cooperatives Exhibition, Bazaar and Symposium with the theme "Promoting Cooperatives' Success, Advancing Renaissance" yesterday at the Addis Ababa Exhibition Centre.

  • Your Investments: Are you financially literate?

    ‘Unfortunately, far too many millennials trying to cope with these economic conditions have low levels of financial literacy and are wrestling with concerns about their debt’

  • ISIS kidnaps 9 foreign oil workers in Libya

    Nine foreign workers have been reportedly abducted by ISIS-affiliated militants after an attack on a Libyan oil field, according to officials. The kidnapped foreigners were working for VAOS, an Austrian-owned oil services company whose headquarters are in Tripoli, the Libyan capital. They include four Filipinos, an Austrian, a Czech and a ...

  • Head of Prudential's US business to become new CEO

    [BENGALURU] The head of the US division of Britain's Prudential Plc, Mike Wells, was elected late on Monday by the board to succeed Tidjane Thiam as the new chief executive officer of Prudential, Sky News reported.

  • Czech Prime Minister Holds Luncheon Meeting with Korean Business Leaders

    Bohuslav Sobotka, Prime Minister of the Czech Republic, who is on a state visit to Korea, held a luncheon meeting on February 25 with the nation's business leaders and urged them to make more investment in his country. In a keynote speech, the prime minister said, "We in the Czech ...

  • 40% of Economists Say Economy Is in Deflation

    Two out of five economists in Korea said in a survey the Korean economy is in a state of deflation in which prices are moving downward while growth is at standstill. In addition, 80 percent of them gave a "C" grade to the current government's handling of economic policy. According ...

  • JB Paints Sets Goals High at 1 Tril. Won Sales by 2020

    Kunsul Chemical Industrial, also known as its brand JB Paints, marked the 70th anniversary since foundation this year and set its sales target at 1 trillion won by 2020. Kunsul Chemical is stepping up aggressive marketing efforts by hiring a professional CEO from Samsung C&T.   According to company sources on February ...

  • JB Paints Sets Goals High at 1 Tril. Won Sales by 2020

    Kunsul Chemical Industrial, also known as its brand JB Paints, marked the 70th anniversary since foundation this year and set its sales target at 1 trillion won by 2020. Kunsul Chemical is stepping up aggressive marketing efforts by hiring a professional CEO from Samsung C&T.   According to company sources on February 11, its new CEO & ...

  • Top 3 Tire Makers Seek Ways to Overcome Stagnant Sales

    Korea's top three tire makers—Hankook Tire, Kumho Tire, and Nexen Tire—are going all-out to increase their market share as a way to boost their stagnant sales growth. Their profitability improved last year thanks to the stabilization in the price of raw materials. To sustain growth, however, they are under pressure ...