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Ethiopian laborers in the coffee sector earn 10 times lower than their counterparts in major coffee producing countries, a new study conducted by the International Labor Organization revealed.
While they earn 10 times lower than farmers in Costa Rica, Ethiopian laborers get a third of the earnings as workers in India and almost half of those in Indonesia, according to the study.
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A ceremony for The Gena Lottery (ገና ሎተሪ) which carries a maximum prize money of 5,000,000 (5 million) birr for the 1st price, 2.5 million for second and 1.25 million for third prize was held January 05, 2021 (Tahisas 27, 2013). Here are the winning numbers.
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Ahadu Bank, one of the 20+ banks under formation in Ethiopia has managed to perform it’s first formation assembly in Ghion Hotel on January 2, 2021. The bank managed to sell 760 million birr worth of shares and managed to collect 540 million birr in paid up capital out of 10,500 shareholders.
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A new bank, Damota Bank s.c under formation has started sharing sales. The bank has floated shares each worth 1,000 birr where anyone can purchase a 50 shares minimum worth 50,000 birr unto 100,000 shares worth 100,000,000.
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A ceremony for The Liyu Edel (ልዩ ዕድል) Lottery which carries a prize money of 20,000,000 (20 million) birr for the 1st price, 10 million for second, 5 million for third and more was held December 09, 2020 (Hidar 30, 2013). Here are the winning numbers.
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Ethiopia has unveiled new Birr notes for 10, 50 & 100 denominations, with introduction of a new Birr 200 note. The new notes are expected to fight financing of illegal activities; corruption & contraband.
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Here are the winning numbers for New Year’s (2020)/ Enkutatash Lottery (End of 2012, beginning of 2013)
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Olympian Haile Gebreselassie has inaugurated his latest addition to his collection of hotels, now numbered seven, in the City of Adama. This comes as two of his hotels in Batu (Zeway) and Shashemene were recently destroyed undermining his determination to build two dozen hotels by 2025.
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The City Council of Addis Ababa has passed a decision aiming at enabling registered residents waiting for condo lot to build houses under associations. Decision came after the city administration has considered housing problem prevailing in the capital. Plan mainly targets residents of the city who have registered for 20/80 and 40/60 condo housing schemes.
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The following photo shows the rising skyline of Addis Ababa, near mexico square which has been dubbed the future financial sector of Ethiopia. Most private banks and the state owned commercial bank of Ethiopia are constructing head office buildings ranging from 20 to 50 floors.
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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 39.9069 | 40.7050 |
 Euro(EUR) | 48.4829 | 49.4526 |
 Pound Sterling(GBP) | 53.7061 | 54.7802 |
 UAE Dirham(AED) | 983.1500 | 1,002.8130 |
 Saudi Riyal(SAR) | 962.9300 | 982.1886 |
