FUEL GAUGES READ EMPTY


The latest plunge in global oil prices has the exact relationship of the price revision and the taken its hit on the local market. Long lines stations’ disappointment, diesel became…


NBE to Print Banknotes in Ethiopia

The National Bank of Ethiopia (NBE) is on the process of establishing its own banknotes and security printing factory to print cash locally. The Bank announced a tender two weeks…


Kifiya to Work for EBC in Fee Collection

The Ethiopian Broadcasting Corporation (EBC) has hired Kifiya Financial Technology Plc to collect license fees for television owners. Kifya, a subsidiary company of Global Computing Solutions Plc (GCS), is a…


What is Behind Zeway’s Incongruous Offer for Merkato Plot?

Controversy ensued last week among Zeway International Group Plc shareholders after a record offer of 305,000 Br per square meter, during the eleventh round land lease auction. The unprecedented price…


National Bank of Ethiopia Moves to Increase Ethiopian Account Holders

The National Bank of Ethiopia (NBE) is establishing a Financial Inclusion Council (FIC) and its secretariat, which will work on increasing the number of account holders in the country. Establishing…


Sheraro and Abrehajira ECX Branches Open

The Ethiopian Commodity Exchange (ECX) has opened two new branches in the towns of Sheraro and Abrehajira. This increases its delivery points to 19, increasing access for sesame growers in…


ECX Appoints Former Zemen Bank VP as CEO

The Ethiopian Commodity Exchange (ECX) has appointed Ermias Eshatu, vice president of Zemen Bank, as its Chief Executive Officer (CEO) after a year long selection process. The ECX, which is…


Ethiopian Airlines Employee Housing Underway

The Chinese contractor Zhejiang Yefeng has resumed construction of the housing units for the employees of the Ethiopian Airlines (ET) after a two-year suspension of the project. Zhejiang Yefeng suspended…


PPESA Fails to Privatize Three Companies Due to No Bids

Even though the Privatization & Public Enterprises Supervising Agency’s (PPESA) has floated three companies for private buyers, it has ended up with no offers. The companies were Agricultural Mechanization Service…


Awash Bridge Opens to Traffic

On Friday December 5, 2014 a new bridge over the Awash River along the Ethiopia-Djibouti road opened to traffic. The structure was wholly financed by the aid arm of the…


Phase Three of Local Development Plan Overruns

Teklehaimanot, Addis Abeba’s infamous inner city commercial center, is losing 2,636 houses to prepare the 33ha plot of land for investment. Lideta District Woreda six and nine officials have already…


Lion Insurance Profits Soar by 27pc

Lion Insurance Company S.C. (LIC) reports success for the 2013/14 fiscal year, with profits up by 27pc to 16.6 million Br, although earnings per share were down by four Birr…


BoA Appoints Eighth President

Bank of Abyssinia (BoA), appointed its interim president Mulugeta Asmare, 46, as the eighth president of the bank as of December 4, 2014, with the approval of the National Bank…


The Crop Challenge

Policy makers have been in a quandary with regard to reducing the loss of crops during the post-harvest season. Recent data indicates that Ethiopia is losing 10pc of its total…


Editorial

The red book of Revolutionary Democracy considers land not as a factor...


Agenda

With the global price of oil declining, local stations across Ethiopia...


Fineline

Ever since the passing of their chief priest back i...


Commentary

Democracy is the best political arrangement to realise sustainable econ...


Viewpoint

It is true that the foreign policy of any country is an extension of it...


Opinion

Community Based Organisations (CBOs) are non-profits that provide socia...


Capital Insight

The recent anti-corruption crackdown surprised both citizens and analys...


View From Arada

Globally, the price of oil has seen a huge dent. This has brought confu...


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