Prime Minister Hailemariam to be Guest of Honor at CEO Forum


Prime Minister Hailemariam Desalegn is to be the guest of honor at the Africa CEO Forum, which will be held in Geneva on March 20 and 21, 2017. Hailemariam will…


ABREAST!

The Mohammed Hussein Ali Al-Amoudi Stadium in Woldiya, in Amhara Regional State, was inaugurated on Saturday, January 14, 2017, in the presence of Prime Minister Hailemariam Desalegn (right) and Mohammed…


Closed Beverage Bottlers Resume Operations

After almost ceasing operations for the past month, the Coca Cola, Ambo and Pepsi plants in Dire Dawa, Hawassa and Ambo have restarted operations with the permission of Ministry of…


Tiret to Take Over Textile Mills

The Prime Minister Office has given the order to Ministry of Public Enterprises (MoPE) to transfer Bahir Dar Textile S.C, and Kombolcha Textile S.C, to Tiret Corporate, an endowment company…


Bid to Build Addis Convention Center Back On

Nine construction companies are competing to build the Addis-Africa International Convention and Exhibition Center S.C. (AAICEC). Two local and seven foreign contractors are part of the bid to construct phase…


CBE Seeks Bond to Raise Capital

The Commercial Bank of Ethiopia has been approved to issue long-term bonds in a bid to strengthen its capital. The Bank presented a bill to Parliament last week to raise…


New Road Contracts to Connect Four Regions

The Ethiopian Roads Authority (ERA) has awarded eight road contracts worth 6.4 billion Br to four local and two foreign contractors. The roads will cover 372km across four regional states.…


Court Strikes Objection Down in Steel Theft

Judges at the Federal High Court have struck down objection made by suspects accused in the theft of steel bar prosecutors say are worth 6.4 million Br. In a verdict…


Oromia Bank Notches Modest Profit

After raising paid up capital from quarter billion to almost a billion Birr, Oromia International Bank (OIB) registered a 249 million Br net profit for the recently ended fiscal year,…


Youth Jobs Strategy Takes Shape

After a year of preparation, the Ethiopian government has launched the first set of actions to address unemployment amongst youth. Among other things, the package includes the 10 billion Br…


PM Addresses Deep Reform Critics

In the wake of the political and economical uncertainty that has rocked the country for over a year and the state of emergency that still hold the population in a…


Food Deficit Forces Massive Imports

The Ministry of Trade is buying 720,000 metric tonnes of wheat to help stabilize the local market. This is almost twice as much as the largest wheat purchase in 2016.…


Djibouti-Ethiopia Railway Inaugurated

The railway track linking Addis Abeba to port of Djibouti was officially inaugurated today following its completion. The new railway, which stretches 752Km was built at a cost of 4.2…


The Making of a Star: Michael Hailu

Michael Hailu has been in the music industry for a decade. A fan of Jennifer Batten, guitarist for Michael Jackson, he has worked with a slew of known local artists, including Teddy Afro, Michael Belayneh and Dawit Tsige. With a unique sound, unmatched ability to play the guitar and his…


Yegna, DfID Part Ways Under Pressure

A charity organization meant to help girls in Ethiopia has fallen victim to controversy in Britain about the effectiveness of foreign aid. The Ethiopian charity, Yegna, became the poster child…


Gambella Jails Alleged Land Fraudsters

The fallout from the Gambella land controversy continued this week with the arrest by the regional government of several local business people allegedly involved in the corrupt use of government…


Editorial

Ethiopia is in the midst of a state of emergency. At a press conference...


Agenda

Holidays are mostly considered by the Banks to be a peak season when it...


Fineline

Addis Abeba is in a bizarre mood lately. And for a...


Commentary

Over the past decade or so, Ethiopia has been in the limelight of globa...


Viewpoint

Over two-thirds of Africa’s people lack access to electricity. Approx...


Opinion

Karl Marx was not such a naive man, as some would be forgiven to think,...


View From Arada

Our subscribers to the print edition are entitled to get a bonus in a f...


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