Grandiose Opening



The Ramada Addis, a new 136-room luxury hotel on Africa Avenue (Bole Road), was officially inaugurated with a marching band and fanfare on February 24, 2017, following its completion and test run which began in July 2016...


Farmers Cry foul over DBE’s New Loan Procedure


The Development Bank of Ethiopia (DBE) has introduced a new loan procedure to finance the commercial farm sector, which has seen many ups and downs in recent months. The move came three weeks after the state-owned Bank r...


Wired Schools Plan Get Second Wind


The winner of a bid to provide and install networking systems in 300 schools and 10 universities was announced in an award letter this week by the Ministry of Education. A company called Anhui Telecommunications Engineer...


Census Tablets Back Up for Bid


The Central Statistical Agency (CSA) has cancelled a tender for tablets for use during the National Census. The cancellation came after the bidders in the initial tender voiced their concerns about one of the specificati...


Government Donates to Somaliland Amidst Drought


The Government of Ethiopia has announced a donation of 15 million Br worth of food aid to the government of Somaliland, a self-declared state internationally recognised as an autonomous region of Somalia. The donation co...


Nile Petroleum Agrees to Pay 650m Br Late Debt


Nile Petroleum Corporation, the Sudanese-owned oil company operating in Ethiopia, has reached an agreement with the Ethiopian Government to repay a debt of over a half a billion Br. The debt was accrued with the Ethiopia...


Ethio Life Earns Modest Profit Amid Plunging Premium


Ethio Life & General Insurance has reported a positive profit for the second year in a row. However, it registered a slower profit growth than the previous year, as its profit only increased by four percent. The f...


Debub Picks Zemen’s Director for Vice President


Tesfaye Boru, who is currently the director for the Department of Knowledge and Innovation at Zemen Bank, has been assigned to be the first vice-president of Debub Global Bank. His appointment has been sent to the Nation...


Lion Insurance Profit Slides as Industry Premiums Fall


In the midst of profit drops registered by over ten insurers, Lion Insurance announced to its shareholders that it made a profit of 15 million Br last fiscal year, a 13pc decrease from the previous year. The announcement...


Coffee Culture


Besides athletics, Ethiopia is world famous for its coffee. Ethiopian nomads are said to have been the first to recognize coffee's stimulating effect, although they ate the red cherries directly and did not drink it as a...


Awash Rakes in Bids for Shares


On Thursday, February 16, 2017, Awash Bank opened bidding for about 21,000 shares returned by foreign nationals of Ethiopian origin. Awash is the first bank to auction off the returned shares. The hotly contested bid saw...


Three Companies Bag 2.1b Br Wheat Deal


The Ethiopian Government has chosen the companies it wants to supply 400,000 tons of wheat export into the country to stabilise the local market. The 2.1 billion Br award was won by three companies: Promising Internation...


Railway Won’t Open Next Month


Contrary to recent reports, the Ethio-Djibouti Railway won't be operational next month, according to the Ethiopian Railway Corporation (ERC). A few weeks ago, ERC disclosed to Parliament that it will take at least two...


Split over Amendment of Labour Law


An advisory board under the Ministry of Labour & Social Affairs (MoLSA) is looking into comments from the Confederation of Ethiopian Trade Unions (CETU) and the Employers’ Federation regarding an amendment to a 15...


Two Public Enterprises Under Liquidation


The Board of Trustees for Public Enterprises is liquidating two public enterprises involved in the construction sector. The Board has been liquidating Tikur Abay Construction S.C and National Engineers & Contracto...


Agency Approves Decision to Cancel 332m Br Procurement


The Public Procurement & Property Administration Agency has approved the decision to cancel a 332 million Br contract for the implementation of a National Urban Real Property Registration & Information Management...


Editorial

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Agenda

Road maintenance in Addis Abeba has been a bone of contention between c...


Fineline

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


Commentary

The concept of climate insurance is not new in developed countries, but...


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Opinion

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View From Arada

The recent passing of Professor Richard Pankhurst has been the news aro...


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