Since the establishment of Gondar city in the 17th century the opening of the cinema industry was not well developed. It is a recent effect, the Kino cinema is the first private cinema that Gondar has .It was established on May 2005 E.C. and is managed by the owner of Kino hotel which has an impact on the cinema. The Cinema has 110 sits and 6 employees including the manager. Even if it has small hall and non-organized staff it has high screen quality (4*3) resolution, one sound buffer (like mixer) and seven small speakers in the wall. Every customer pays 30 birr for each movie. Even though it is the smallest cinema in the city it tries to give enjoy full and very comfortable services for the customers.Read more
The Leza Awards were established on 2011 by Berhanu Digafe who hosts Leza radio show on Sheger FM radio. The award established with an intention to honor and recognize Ethiopian artists for their contribution for the development of Ethiopian music and film.
The 7th Leza awards was held at Hilton hotel in Addis Ababa, Ethiopia. The voting was done online by the general public through their website and the award was classified by 9 categories.
Here is the list of all winners of the 7th Leza awards:
- Best TV series of the year: Zemen Drama
- Best main actor of the year: Alemseged Tesfaye (film title: Yabedech ye arada lij 3)
- Best main actress of the year: Zeritu Kebede (film title: Taza)
- Best single music of the year: Ethiopia (Teddy Afro)
- Best new singer of the year: Dawit Alemayehu
-.Best music video of the year: Weta fikir (Bisrat Surafel)
- Best music album of the year: Ethiopia (Teddy Afro)
- Best film of the year: Taza
- Lifetime achievements award: Girma Beyene
The National Bank of Ethiopia announces that the current currency of Ethiopia which is know as Birr has lost its value by 15% against foreign currencies the Ethiopian government made this Currency devaluations on October 11 2017 with an intention to boost export.
Many experts say that devaluations can be used by countries to achieve specific economic policies. The main benefits of having a weaker currency relative to the rest of the world is to boost exports, shrink trade deficits and reduce the cost of interest payments on its outstanding government debts.
However on the other side there is a risk that things might not work as planned because of the devaluation negative effects some of the most common dangers of weakening a currency include: Unstable market price, Loss of trust on the government and there would also be the currency and potential blowback the country will face from both domestic and international markets.
Even though the government says actions will be taken to stabilize the prices of commodities most of the citizens of Ethiopia are not happy with the currency devaluation as there would be rapid increment on the price of things which are exported from foreign countries.
Will this devaluation really favors Ethiopia? this would be the question which most of Ethiopians are eager to know about.Read more