At Last!


Prime Minister Hailemariam Desalegn, his minister of Industry, Ahmed Abitew (right), and Abiy Ahmed (left), head of Oromia Urban Development & Housing Bureau with the rank of vice President of Oromia Regional State,...


Change of Guard at TIRET


The Board of Directors of Tiret Corporate, an endowment company affiliated to the Amhara National Democratic Movement (ANDM), has made a change of guard at its top for the first time since its founding over two decades a...


NBE Tells CBE to Stay Away from Project Finance


The National Bank of Ethiopia (NBE) has urged the state-owned giant, Commercial Bank of Ethiopia (CBE), to focus on providing working capital, leaving project financing to the state policy bank, the Development Bank of E...


Corporation to Supply 750 Public Buses


The Addis Ababa Road & Transport Bureau has awarded the Metal & Engineering Corporation (MetEC) a contract to supply 750 buses to Anbessa City Bus Service Enterprise, at the cost of 3.4 billion Br, which will com...


Authority Tells Sheger to Close Space on Yougovia Club


The Addis Abeba City Construction Permit & Control Authority has served a notice to Sheger Building, a well-known landmark in Bole District, concerning the use of parking lots for unintended purposes, including a nig...


Solar Importers Face New DBE Terms


The Development Bank of Ethiopia (DBE) has revised the terms that private solar device providers need to comply with to access the 20 million dollars working capital loan secured from the World Bank (WB). The new terms s...


Donkey Abattoir Still in Business Despite Ban


Despite a ban from the Bishoftu city administration, Shandong Dong, the first donkey slaughterhouse in Ethiopia, is carrying on with the business until the stock of donkeys it has already purchased have been slaughtered.


Hilton Addis Labourers Seek Intrusion from Board and Confederation


The management of the longest-serving international brand hotel in the country, Hilton Addis, and its labour union are in dispute over salary increments, employee benefits, appraisals, and promotions. The Labour Union...


OPDO Office Appoints Former Minister as Head


Beker Shale, the former office head of the Oromia People’s Democratic Organization (OPDO) has handed over his post to Abdulaziz Mohammed, the former Minister of Finance & Economic Cooperation. The OPDO committee...


Awash Insurance Sees High Auction Offers


Awash Insurance Company SC pulled in a highest bid of 1,667 Br during its share auction, held on April 11, 2017. The Company, which is the most profitable insurance company in the country, pulled in 38 bids for four lots...


Elilly Hotel Begins Paid Smart Parking


Elilly Hotel has opened a seven-storey smart parking building, which has already begun partial service. The parking facility together with its basement has a parking capacity of around 254 vehicles at a time. The parking...


Deposit Slowdown Hit Private Banks


  The private banking sector is facing a squeeze on liquidity, as banks see slow deposit growth. A decline in foreign exchange brought on by a persistent fall in export earnings aggravated the situation. In th...


Bidders Offer Double Par for Bunna Bank Shares


Bunna Bank’s share auction brought with it welcome news for the seven year-old Bank, as shareholders submitted bids of over 200pc of the Bank’s par value of 100 Br. The Bank put up 79,850 shares for sale, although...


Residents in Oromia Get Lease Free Land


Oromia Regional State has begun offering 264ha of lease free land to people living in urban parts of the region. The land will be used for residential purposes only. The scheme has been implemented in 20 zones and 18 cit...


Amhara Region to Spearhead Multibillion Birr Investment Project


A series of mega industrial plants, whose investments is spearheaded by the Amhara Regional State, is to be launched tomorrow, with the laying of a foundation stone in the town of Dejen, 240Km north-west of Addis Abeba,...


First Donkey Abattoir Shuts Down


Just three weeks after becoming operational, the Bishoftu City Administration has shut down the first donkey abattoir, Shandong Dong. Located 48Km away from Addis Abeba, the slaughterhouse has a capacity of slaughte...


Girma Yifrashewa : Renowned Pianist Wakes Up Crowds and Puts His Neighbors to Sleep


Stellar pianist Girma Yifrashew, a world-renowned performer and composer has been honing his craft and fine tuning his sound for over 20 years. Girma has been playing the piano with passion while gaining fans from places...


Editorial

Last week saw a series of events where the political bigwigs from the f...


Agenda

The cement industry in Ethiopia, although still largely untapped, is se...


Fineline

It is unusual for a federal agency to get estranged...


Commentary

Recently, the National Bank of Ethiopia (NBE) had announced the mandato...


Viewpoint

Neglected Tropical Diseases (NTDs) disproportionately affect women and...


Opinion

Until very recently, Turkey was a proudly democratic Middle Eastern cou...


View From Arada

We often underestimate the importance of time managiment. Especially in...


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