FUEL GAUGES READ EMPTY

The latest plunge in global oil prices has the exact relationship of the price revision and the taken its hit on the local market. Long lines stations’ disappointment, diesel became…


NBE to Print Banknotes in Ethiopia

The National Bank of Ethiopia (NBE) is on the process of establishing its own banknotes and security printing factory to print cash locally. The Bank announced a tender two weeks…


Kifiya to Work for EBC in Fee Collection

The Ethiopian Broadcasting Corporation (EBC) has hired Kifiya Financial Technology Plc to collect license fees for television owners. Kifya, a subsidiary company of Global Computing Solutions Plc (GCS), is a…


What is Behind Zeway’s Incongruous Offer for Merkato Plot?

Controversy ensued last week among Zeway International Group Plc shareholders after a record offer of 305,000 Br per square meter, during the eleventh round land lease auction. The unprecedented price…


National Bank of Ethiopia Moves to Increase Ethiopian Account Holders

The National Bank of Ethiopia (NBE) is establishing a Financial Inclusion Council (FIC) and its secretariat, which will work on increasing the number of account holders in the country. Establishing…


Sheraro and Abrehajira ECX Branches Open

The Ethiopian Commodity Exchange (ECX) has opened two new branches in the towns of Sheraro and Abrehajira. This increases its delivery points to 19, increasing access for sesame growers in…


ECX Appoints Former Zemen Bank VP as CEO

The Ethiopian Commodity Exchange (ECX) has appointed Ermias Eshatu, vice president of Zemen Bank, as its Chief Executive Officer (CEO) after a year long selection process. The ECX, which is…


Ethiopian Airlines Employee Housing Underway

The Chinese contractor Zhejiang Yefeng has resumed construction of the housing units for the employees of the Ethiopian Airlines (ET) after a two-year suspension of the project. Zhejiang Yefeng suspended…


PPESA Fails to Privatize Three Companies Due to No Bids

Even though the Privatization & Public Enterprises Supervising Agency’s (PPESA) has floated three companies for private buyers, it has ended up with no offers. The companies were Agricultural Mechanization Service…


Awash Bridge Opens to Traffic

On Friday December 5, 2014 a new bridge over the Awash River along the Ethiopia-Djibouti road opened to traffic. The structure was wholly financed by the aid arm of the…


Editorial

Indebtedness is an issue that has strong affinity with the ruling Revol...


Agenda

With the global price of oil declining, local stations across Ethiopia...


Fineline

Norway has had a new emissary, Andreas Gaarder, for...


Commentary

Infrastructure expansion could be sustained only through inclusive grow...


Viewpoint

The government’s Growth & Transformation Plan (GTP) is targeted a...


Opinion

Divergence will be a major global economic theme in the coming year, in...


Capital Insight

The recent anti-corruption crackdown surprised both citizens and analys...


View From Arada

Words are a key means of communication. They are one of the most import...


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