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Nervousness About Global Banking Giants Intensifies
An unsettling trend has emerged from the heavy selling that sent global markets tumbling this year: Investors are getting nervous about the world’s biggest banks. The concerns about the banks…
CBE obtains $ 2.3 bln foreign exchange in six months
Addis Ababa, February 9, 2016 (FBC) – The Commercial Bank of Ethiopia (CBE) has obtained 2.3 billion US dollars foreign exchange in the first half of this Ethiopian Fiscal Year.…
Ethiopia’s candidacy for UNSC seat emanate from its contribution on continental, global issues: Premier
Addis Ababa, February 10, 2016 (FBC) – Prime Minister Hailemariam Desalegn said African Union’s approval of Ethiopia’s candidacy for the non-permanent seat in the United Nations Security Council (UNSC) is…
China close to creating ‘artificial sun’
Addis Ababa, February 9, 2016 (FBC) – Chinese scientists have managed to create a hydrogen gas that is three times hotter than the sun. The artificial solar energy could eventually…
Does Ethiopia need international aid to cope with drought?
Ethiopia is the world’s fastest growing economy. So when drought struck why did it need international help? Ethiopia has been doing very well over the last 15 years or so.…
Harar to get 1bln birr modern stadium
Addis Ababa, February 8, 2016 (FBC) – State of the art stadium will be built in Harar town, Harari Regional State, with close to 1 billion birr so as to…