Banks Offer Incentives to Compete for Remittance Receipts



As holidays approach, it is often common to see a significant number of people queuing up at   every bank window for various transactions, one of which is receipt of remittances. With all banks promoting themselves as...


Universities of Science, Technology to become Centres of Excellence


For Elebetel Temessgen, who qualified in the national university exam from Hailemariam Mamo Preparatory School, in Debre Birhan, she had to take one more entrance exam, which she also passed successfully to become accept...


No New Year without Liquor, for Those Who Drink


People drink more for holidays, but that is not creating increased demand for more production, at least not at the National Alcohol & Liquor Factory. “The holiday demand pressure does not reach to distillers’...


The Rising Cost of School Supplies


Abdulaziz Mohammed and Tebarek Ali have small adjacent shops in Merkato around Kennedy Mall in which they see stationery items ranging from pencils to papers and pens. The area around their shops is busy with people l...


Social Media: An Unlikely Stage for Ethiopian Social Discourse


On June 19, 2015, the White House Press Secretary announced that President Barack Obama would be visiting Ethiopia. In what transpired to be a historic moment, a sitting US President visited the East African nation, a cr...


Big Business Lights Spread Holiday Cheer


As Ethiopia prepares to usher in the New Year, 2008 by the Ethiopian calendar, some of the high rise buildings of Addis Abeba are decorated with imported and expensive tube lights, even as many are shining with Christmas...


Huge New Year Exhibition Hard on the Pocket


If you find yourself somewhere between Ras Makonnen Street and Jomo Kenyatta Street in the heart of Addis Abeba, you cannot avoid the claustrophobic feeling of congestion. The scene is one of long queues waiting alongsid...


A Choice of Fine Furniture for the New Year


Tadiwos Negatu, a branch manager of Chinese furniture manufacturer, NH Bay, is upbeat about the holiday business coming his way. His branch, located at Setit Mall in front of Kotebe Michael church, is one of three that a...


Old Relation, New Hope for Investment


Kassahun Yimer (PhD) has been displaying solar products from Japan at Sheraton Addis on Monday August 31, 2015.  The products were made by KOYO Business Service, Inc., a Japanese company with 30 years of experience in L...


Holiday Concerts Becoming a Rarity in the City


Fascinated by the concert that was advertised throughout the city in the last few weeks, Zelalem Korme, 32, was looking for the salespersons to get his ticket when Fortune found him at Ghion Hotel. He is a fan of Aster A...


The Rapidly Changing Movie Distribution Business


Binyam Alemayehu, producer and owner of 400 fikir, an Amharic movie which was released into cinemas a year and half ago, sold his film to a recording company for the VCD distribution, seven months after it stopped showin...


HELP – Only a Phone Call Away


Communications technology advancements are trickling down to individuals’ day to day life. In Ethiopia, the idea of help being a call away has been a reality since the advent of hotline services, a direct phone line wi...


Ethiopia Awaits Visitors with Open Arms


Of all the souvenir shops on Nigeria Street, near the General Post Office, there was only one shop that offered a fair price to Azza Babikr, 50, a Sudanese tourist visiting Addis Abeba with her two daughters. Or so she f...


Great Business Keeping Households Clean


Making liquid soap was a tiny affair involving a bucketful of chemicals and an investment of 500 Br, when Dereje Asmamaw started out from the comfort of his home three years ago. “We bought a small amount of differe...


Homecoming March


The otherwise quiet compound of the Ministry of Foreign Affairs (MoFA) was abuzz on August 6, 2015. With only days to go to the first ever National Diaspora Day, registration was ongoing at full speed and excitement fill...


Weaving the Yarn Around GTP II


Konoria Chemicals & Industries, an Indian company established by foreign direct investment in Ethiopia two years ago, owns a plant in Bishoftu, Oromia, where it produces cotton yarn for the local market and for expor...


Editorial

The news that the Administration of Prime Minister Hailemariam Desalegn...


Agenda

Ashenafi Beza has been in the business of renting out construction mach...


Fineline

The manner in which the current leadership of the O...


Commentary

With the rush to develop Ethiopia and make the country one among middle...


Viewpoint

A recent World Bank report entitled, “Why So Idle? Wages and Emp...


Opinion

The dark specter of evil (the begetter of war) smiles upon this earth,...


View From Arada

When people travel to a new city or town, they might notice the transpo...


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