Coffee Culture


Besides athletics, Ethiopia is world famous for its coffee. Ethiopian nomads are said to have been the first to recognize coffee's stimulating effect, although they ate the red cherries directly and did not drink it as a...


Awash Rakes in Bids for Shares


On Thursday, February 16, 2017, Awash Bank opened bidding for about 21,000 shares returned by foreign nationals of Ethiopian origin. Awash is the first bank to auction off the returned shares. The hotly contested bid saw...


Agency Approves Decision to Cancel 332m Br Procurement


The Public Procurement & Property Administration Agency has approved the decision to cancel a 332 million Br contract for the implementation of a National Urban Real Property Registration & Information Management...


City Earns Two Billion Br from Land


The Addis Abeba City Administration Land Development & Management Bureau has collected two billion Birr of revenue from land related transactions over the first six months of the current budget year. Out of this,...


State Banking Giant Declares Big Growth


A week after private banks reported staggering growths in their deposits, the Commercial Bank of Ethiopia (CBE) announced that its deposits had soared by 32 billion Br to 320 billion Br; 150 billion Br less  than the ...


Three Companies Bag 2.1b Br Wheat Deal


The Ethiopian Government has chosen the companies it wants to supply 400,000 tons of wheat export into the country to stabilise the local market. The 2.1 billion Br award was won by three companies: Promising Internation...


Railway Won’t Open Next Month


Contrary to recent reports, the Ethio-Djibouti Railway won't be operational next month, according to the Ethiopian Railway Corporation (ERC). A few weeks ago, ERC disclosed to Parliament that it will take at least two...


Split over Amendment of Labour Law


An advisory board under the Ministry of Labour & Social Affairs (MoLSA) is looking into comments from the Confederation of Ethiopian Trade Unions (CETU) and the Employers’ Federation regarding an amendment to a 15...


Two Public Enterprises Under Liquidation


The Board of Trustees for Public Enterprises is liquidating two public enterprises involved in the construction sector. The Board has been liquidating Tikur Abay Construction S.C and National Engineers & Contracto...


Menschen Allocates 300m Br to Beneficaries


German NGO Menschen fur Menschen Foundation (MfM) said it has allocated close to 300 million Br for projects in Ethiopia in the current fiscal year. The projects will include building schools, environmental programs,...


Chinese Company Wins Most Expensive Road Projects


The Addis Abeba Roads Authority (AACRA) and China Communications Construction Company (CCCC) held a groundbreaking ceremony on February 14, 2017, for the two most expensive road projects in Ethiopia. In total, the two ro...


Banking Industry Finds Silver Lining Amidst Uncertainity


The nation's private banks have achieved remarkable results during the first half year of the current fiscal year, despite a popular perception that the economy has been sluggish due to political instability and forex cr...


Effect of Political Unrest Still Haunts Companies


Two farming and agro-processing companies that were affected by last year's political unrest have lodged an appeal to the Prime Minister’s Office asking for compensation for the damage that they sustained. Africa Ju...


Veteran Insurer Bears the Brunt of Profit Decline


Nyala has reported an unsatisfactory performance for the recently ended fiscal year, facing an 18pc decline in its net profits. However, Nyala still had cause for optimism after reporting a profit after tax of 71.4 milli...


Ten Companies Compete to Supply Bulk of Wheat


Three international grain suppliers gave a least offer of two billion Br for the supply of 400,000tn of wheat. Following an international tender, 11 international suppliers have submitted their proposals, including an...


Bunna Bank to Get New CEO


Bunna Bank S.C is set to endorse Negusu G.Egziabher as its new CEO after the board of directors selected him from three potential candidates. The Bank announced Negusu’s appointment on Tuesday, February 7, 2017. Negusu...


Out with the Old, in with the New Taxis


The Addis Abeba City Administration Transport Authority has officially announced that the meter taxis in the country will be fully operational with a set tariff. The announcement comes after months of speculation and con...


Editorial

The news that the Administration of Prime Minister Hailemariam Desalegn...


Agenda

Ashenafi Beza has been in the business of renting out construction mach...


Fineline

The manner in which the current leadership of the O...


Commentary

With the rush to develop Ethiopia and make the country one among middle...


Viewpoint

A recent World Bank report entitled, “Why So Idle? Wages and Emp...


Opinion

The dark specter of evil (the begetter of war) smiles upon this earth,...


View From Arada

When people travel to a new city or town, they might notice the transpo...


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