Door Opens

More than six months after its establishment, Ethiopia’s maiden local reinsurance company, EthiopianRe, last week officially announced the commencement of its operations. A reception held at the Addis Abeba Hilton…


Pharma Manufacturers Appeal End of Protection

The Ethiopian Pharmaceuticals Manufacturers’ Association, which includes 15 local manufacturers, has submitted a letter of complaint on the unilateral action by the Pharmaceuticals Fund Supply Agency’s (PFSA) to call off…


DBE Invests in High Tech Systems

Tech Mahindra Ltd. (TechM), an Indian company specialising in digital transformation, consulting and business re-engineering, has signed a deal with the Development Bank of Ethiopia (DBE) to implement Enterprise Resource…


Industry Monopoly Claim Rocks PM’s Office, Again

The Prime Minister’s office is once again looking at the appeal by 48 nail producers over an alleged monopoly of the market by a single producer. The investigation has now…


Hybrid Designs, Taxi Associations Deal to Uberise Service

A local IT company, Hybrid Designs Plc, has sealed a deal with a newly established meter taxi service provider, Ze Lucy, to “Uberise” its taxi business. Hybrid will provide and…


TechnoBrain Facing Half a Million Br Labour Law Suit

TechnoBrain IT Solutions Plc has been sued for half a million birr compensation and ordered to reinstate six employees. The civil charge came following the company’s decision to layoff earlier…


Commercial Farmers Appeal Agency Warnings

Five Commercial farm developers, out of seven that faced administrative measures after receiving warning letters from the Agricultural Land Investment Agency over undue underperformance – have appealed to the Ministry…


CHANGING YET CRITICAL

A year after Ethiopia faced the worst drought in its history, which put the lives of a staggering 10 million people in severe danger, the latest reports suggest that there are…


Diageo, Union Standoff Over 30pc Proposed Layoff

Diageo Plc, a UK based company, has faced resistance from both the labour union and the Federation for Beverage, Tobacco & Allied Trade Unions, after Meta Abo Brewery’s proposal to…


Addis Rivers to Have a Face lift

A newly established office to develop rivers in Addis Abeba is to launch 14 projects throughout the city. These will be spread out across the rivers and riversides in the…


Zemen Bank Laying Foundations Amidst Turmoil

Zemen Bank have inked a deal with a foreign construction company to erect its headquarters at the heart of Ethiopia’s financial district, along Ras Abebe Aregay Street, at a cost…


CBE Boasts Positive Fiscal Performance

The Commercial Bank of Ethiopia (CBE) has boasted a generally positive assessment of its banking operations in the recently concluded 2015/16 fiscal year. The bank’s report comes a few months…


City to Build 200m Br Bus Terminal

In a bid to enhance its mass transport operations, Addis Abeba is set to have four standardised bus terminals. One of the terminals in the pipeline is progressing with the…


Bill to Establish Railway Regulation, Standardisation Agency Underway

The Ministry of Transport has finalised preparatory processes ready to table a bill for the establishment of a railway regulatory body. The office will mainly be responsible for setting up…


Editorial

Judging by the recent repeated restrictions in the use of social media...


Agenda

The Ethiopian tourism industry is at a crossroads. The record revenue e...


Fineline

There is a rather peculiar group based in Addis Abe...


Commentary

Inefficiency is limiting in any industry, but banks especially need to...


Viewpoint

The Rio 2016 Olympic Games closed with a spectacular ceremony in front...


Opinion

Exactly two years ago, in July 2014, the Italian Prime Minister Matteo...


View From Arada

The realisation of any vision requires coordinated planning, and this i...


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