ACCESS’ DRAMA CONTINUES

The shenanigans of Ermias T. Amelga in the name of Access Real Estate may make fascinating reading but the stories of shareholders are painful and there is no relief in…


Contested East Africa Bottling Shares Out for Bid

A known businessman is threatened with a loss of 26.2 million Br, after the government issued a legal notice to auction his shares with Coca Cola’s bottlers in Ethiopia, the…


Tsehay Insurance Shines with Profit

Tsehay Insurance S.C. has ended its third year with 11.6 million Br profit after tax, a massive increase from last budget year by 185.7pc. In line with this, earnings per…


Further Delay in Delivery of 40/60 Housing

A 40/60 housing scheme project delayed by more than eight months, will not be able to deliver even in the rescheduled time frame of one month, announced the Saving Houses…


No ODA Towers For Another Three Years

The 2694sqm plot of land where Abinet Geberemeskel Oda planned to build a commercial building named after his father, a project that is 13 years overdue, is now serving as…


Bidders for New Driver’s Licence Wait with Bated Breath

Two short-listed bidders and others with grievances have been waiting since September 2015 to hear of any new developments on the Federal Transport Authority’s (FTA) tender for the procurement of…


Quality-Cost Imbalance Stalls HIV Test Kit Procurement

The tender for the procurement of HIV testing kits has failed once again. In a process riddled with irregularities since 2012, the Pharmaceuticals Fund & Supply Authority (PFSA) has been…


Nigma Motors Begins Court Battle over Demolition

The facilities of Nigma Motors Plc, automobile assembler established by the Ethiopian Nigma Agro-Industry Plc and the Ukrainian car maker, Zaporiziha Automobile Building Plant Company (ZAZ), have been partially demolished…


Cooperative Bank Staggers Under 388.7m Br Invalid Loans

An auditor’s opinion on the financial performance of the Cooperative Bank of Oromia (CBO) S.C. for 2014/15 has revealed that the Bank actually made invalid loans to the sum of…


Africa Union Endorses Tedros Adhanom’s Bid to Head WHO

The Executive Council of the African Union (AU) has, except for one vote from the Senegalese representation, endorsed the bid of Tedros Adhanom’s (PhD) to replace Margaret Chan as Director-General of…


20 Years in Business

Dashen Bank celebrated its 20th anniversary with a symposium commemorating the occasion held at the Sheraton Addis Hotel on January 19, 2016. The date also marked the birthday of the…


Authority Retenders for Commercial Radio

The Ethiopian Broadcast Authority (EBA), after floating a tender for 13 new commercial radio stations, has cancelled the bid, and put out a re-tender, for all previous contenders, bar one,…


Low Quality Kicks Prigat Juice Out of Market

Ethiopia’s Food, Medicine & Health Care Administration & Control Authority (FMHACA) banned Prigat juice from the market and directed its manufacturer, Great Abyssinia Plc to halt production following its investigation…


Editorial

The statement that came out of the office of the ruling EPRDF last week...


Agenda

The name Ermias T. Amelga may have become a household word and as this...


Fineline

During its rule of over two decades, the EPRDF gove...


Commentary

Ethiopia's legal framework lacks clarity on how mergers & acquisitions...


Viewpoint

The United Nations recently claimed that the Millennium Development Goa...


Opinion

Welcome to the world’s inequality countdown. In 2010, some 388 pe...


View From Arada

African leaders are convening in Addis Abeba for their annual summit. A...


Editors Pick










SUBSCRIBE TO ADDISFORTUNE


ADVERTISEMENT

Subscribe to our Newsletter

* indicates required

Latest Contents



More Featured Articles...