Bill Requires No Minimum Capital for Business Start-up

Start-up businesses in Ethiopia are no longer required to present minimum capital statements for registration, if the Draft Bill for Commercial Registration and Business Licensing presented to the House today, is…


Handing Key Responsibility

Crowne Plaza Hotel Addis Abeba, a would-be five-star hotel located in Lideta District, which has been stuck in a court battle with the local Crown Hotel over patent rights issues,…


Last Lap for July’s Inaguration of Hawassa Industrial Park

During the last lap meeting with local investors before the scheduled July 3, 2016 inauguration of Hawassa Industrial Park, Arkebe Oqubay, board chairman of the Industrial Parks Development Corporation, cut…


Saygin Dima Textile on the Brink of Collapse

The Commercial Bank of Ethiopia (CBE) is to auction Saygin Dima Textile S.C. after the company failed to honour its loan obligations. News of the auction comes as the company…


Unilever Comes Again with Fresh Start

Unilever International has officially inaugurated its new plant in Oromia State’s Eastern Industrial Zone with a total investment of 13 million euros on June 23, 2016. For the world giant…


ERA Inaugurates, Begins Road Projects Worth 10b Br

The Ethiopian Road Authority (ERA) last week inaugurated three completed roads in Oromia State and laid a cornerstone for two new road projects at a total cost of 10 billion…


City Administration Revises MIDROC’s Leasehold

The Addis Abeba City Administration has revised the title deeds of MIDROC Ethiopia, for the infamous 3.5ha of land in the heart of the city, Piassa. The size was modified…


Authority to Dispose Faulty Condoms Amid Procurement Investigation

The Pharmaceuticals Fund & Supply Authority (PFSA), has unilaterally announced its intention to dispose of 69 million condoms worth close to two million dollars, on grounds of sub-standard quality. The…


Local Suppliers Fail Technical Evaluation, Steel Quality Debatable

Three local steel suppliers – Steely RMI, East Steel Plc and C & E Brothers have failed to pass the technical stages in a bid to supply 44,000tn of re-enforcement…


Homeless Squatters Apprehensive Following Demolition

Demolishing the shelters of squatters, some of whom settled in Arada District, Wereda 8 in front of the parliament building for more than forty years, ended up in a police-squatter…


Modjo Confiscates 223 Containers after Customs’ Green Light

Modjo Dry Port confiscated 223 containers stuck for more than six months after the last clearance call made by the Ethiopian Revenues & Customs Authority (ERCA) a month ago. Electronics,…


New Blood for Federal Courts

Parliament has approved the appointment of 111 judges for federal courts, the largest number of appointees since 2010. The judges took their oath in the presence of the Peoples Representatives…


World Bank Loan to Ethiopia Hits Record High

Ethiopia’s loans secured from the World Bank (WB) reached a record-high 1.8 billion dollars during the Ethiopian fiscal year. Minister of Finance & Economic Cooperation, Abdulalziz Mohammed and the WB’s…


Ethiopian Shipping Lines Loses 19M Br to Forgery

The Ethiopian Shipping Lines & Logistics Services Enterprise (ESLSE) lost 19 million Br via illegal withdrawals from its account at the Commercial Bank of Ethiopia’s (CBE), Finfine Branch. The Federal…


Editorial

With a mere one-page letter signed by the vice governor of the National...


Agenda

The right institutions have been established with the right mandates bu...


Fineline

If there are leaders in the Greater East Africa reg...


Commentary

The Tax Bill in the legislative grail has 237 articles comprising no le...


Viewpoint

  In 2013, the European Union declared Wahabism as the main source...


Opinion

In every country and every continent, the quality and contribution of l...


View From Arada

News of fresh border conflict between Ethiopia and Eritrea has led to a...


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