Business

The purpose of establishing the GATT, which later became the WTO, was to facilitate international trade between countries. It focused mainly on trade in industrial products.

The completion of the Tekeze hydro-power project in Ethiopia ushers in a new source of renewable energy, educational opportunities and economic development for the people of Ethiopia

Op-Ed By IPS Correspondent. The Gilgel Gibe III dam will hold back 14.7 million cubic metres of water. Its 1,870 MW generating capacity will be a significant boost for the Ethiopian Electric Power Company (EEPCO) which has plans to extend electricity supply within the country and export power to other countries in East Africa. A 1.7 billion dollar contract to build the dam has been awarded to Italian multinational Salini Costruttori SPA. But the project's critics have assembled a damning dossier of problems with it.

by Ben Casselman and Guy Chazan Wall Street Journal Big Oil never wanted to be here, in 4,300 feet of water far out in the Gulf of Mexico, drilling through nearly five miles of rock.

It is evident that the private sector has a number of internal and external challenges to grow as it has emerged particularly over the last two decades. Some of the internal weaknesses of the private sector include traditional organizational structure, weak financial positions and skill, limited exposure to international trade practices, lack of dynamic entrepreneurship and non-optimal size of enterprises.

Trend is driven in part by last year’s global food crisis. By Stephanie McCrummen, Washington Post BAKO, Ethiopia - In recent months, the Ethiopian government began marketing abroad one of the hottest commodities in an increasingly crowded and hungry world: farmland.

BAKO, Ethiopia/JOHANNESBURG, Nov 12 (Reuters) - For centuries, farmers like Berhanu Gudina have eked out a living in Ethiopia's central lowlands, tending tiny plots of maize, wheat or barley amid the vastness of the lush green plains.

Ethiopia’s consecutive growth over the last five years has been constrained by the global financial turmoil that hit and continues to affect developed and emerging economies in 2008 and 2009. As the financial crisis started to grip the world economy, not much of an attention was given to the severity of its impact on Ethiopia’s economy owing to the widespread idea that the country is barely integrated with the world financial system and that as a result it would face lesser harm.

Ethiopia’s economy is projected to reach almost USD half trillion in fifteen years, indicated a report presented on Monday by the global advisor Ernst & Young at the seventh Corporate Council on Africa (CCA) summit held in Washington, D.C.

The quality of imported products that are being sold in the local market has become a public topic of discussion. Certainly, the quality of products - both locally produced and imported - has always been a priority concern for consumers in every society. However, the level of the supervision of quality makes the situation better or worse. Above all, business ethics matters most and this has become elusive in Ethiopia.