A boom in qat in Ethiopia and Kenya

Chat

Will this burgeoning green business turn to bust?

The Economist: “THIS is qat (Chat),” explains Teklu Kaimo, gesturing to the wooded field behind him. He started growing it in 1976, and over the years its soft, green leaves have brought him a measure of prosperity. He has a modest plot of land, 11 children and money to pay their way through school.

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Tiret to Take Over Textile Mills

Tadesse Kassa

The listed prices are way below the value of the companies

The Prime Minister Office has given the order to Ministry of Public Enterprises (MoPE) to transfer Bahir Dar Textile S.C, and Kombolcha Textile S.C, to Tiret Corporate, an endowment company affiliated to the ruling party in the Amhara Regional State. However, the transfer will be made at a price lower than expected.

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