Too Late to Burst

The price of land in Addis Abeba is becoming more unpredictable with each day. A city that continues to witness a considerable backlog in demand for land is currently unable…


POS Land License on the Verge to be Cancelled

The Ethiopian Revenues & Customs Authority (ERCA) is going to cancel the license of POS Land Software Development Plc – one of eight companies allowed to install software to cash…


A NICE Send Off for Insurance Guru

The National Insurance Company of Ethiopia (NICE) is losing its Chief Executive Officer (CEO) of 20 years, Habtemariam Shumgizaw, to retirement as of November 1, 2014. Now 73 years old,…


ERA Awards Spanish, Chinese Companies Billion Birr Road Projects

A Spanish company has been awarded a 1.2 billion Br contract, its first, to construct an asphalt road in Oromia Regional State, while a Chinese company picked up its fifth…


EIC Taking Technological Leap with New Website

The new website, developed by the Brussels-based PBLH International Consulting, is being supported by the EU and COMESA. The necessity for upgrading the previous site was illustrated in the World Bank’s Global Investment Promotion Best Practices (GIPB) report in 2012, in which Sub-Saharan African websites ranked poorly. The site will help to improve a wide range of services and seek to attract greater flows of FDI into Ethiopia, reports TSADENNA GEBRU, FORTUNE STAFF WRITER.


Abyssinia Flight Spreads Wings as Three New Aircraft Join Fleet

Abyssinia Flight Services PLC (AFS) is expecting the arrival of three new aircraft at Bahir Dar International Airport on Sunday, October 19, 2014, from where they will continue to Addis…


Dashen Set to Pioneer Agent Banking in Ethiopia

Dashen Bank S.C will introduce agent banking by December 2014, becoming the first bank in Ethiopia to do so. The Central Bank licensed it in August 2014, following the issuance…


Commercial Bank Takes Hefty Slide Down African Ranking

The African Magazine has thrown the state owned Commercial Bank of Ethiopia (CBE) 51 places down its annual rankings of the 100 top banks in Africa for 2014. As unhappy…


Transport Bureau to Add 300 New Ultra Model Buses to Public Fleet

The Addis Abeba Transport Bureau (AATB) has ordered 300 ultra model buses worth 1.1 billion Br from the Metal & Engineering Corporation (MetEC). The agreement was signed by Tibletse Asgedom,…


Occupational Competence Assessment to Boost Services with Five New Branches

The Occupational Competence Assessment & Certification Centre (OCACC) is to open five branches in Addis Abeba to improve accessibility to customers. The request to the City Administration was first to…


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View From Arada

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