Mixed Signals


Abadula Gemeda, house speaker (left), asserting his point to Prime Minister Hailemariam Desalegn (centre) at the 25th anniversary of the collapse of the military government held inside Yidnekachew Tessema Stadium.…


No Foreclosure on Coffee Exporters, NBE Orders

The central bank has sent a letter ordering all banks to ‘keep their hands off’  the properties of coffee exporters having difficulty meeting loan obligations. They were specifically instructed by…


Ethiopia Reinsurance Selects Founding CEO

On the recommendation of its Board of Directors, Ethiopia’s National Bank has approved the first CEO of Ethiopia Reinsurance (Re). This comes a couple of months after the company was…


Enterprise Snatches New Year Exhibition, Case at Court

Addis Abeba Exhibition Center & Development Enterprise has reversed its award to Century Promotions Plc for the Ethiopian New Year exhibition and transferred it to Dum Promotions Plc. This has…


Quality Inspection Bleeds Logistics Industry

The Ministry of Trade’s decision to change the standards and quality assurance workflow on imported items has resulted in a serious lag in the logistics and transport industry. Akakas Logistics,…


Saving House Cancels 3b Br Steel Purchase

A three billion Birr steel purchase by Addis Abeba Saving House Development Enterprise has been discontinued after the financial opening that took place a month ago. The cancellation, which came…


DBL Signs $70m Financing with DBE, Swedfund

Development Bank of Ethiopia (DBE) and Swedfund, a Swedish development finance institution, have agreed to co-finance the construction of a textile and apparel plant in Meqelle. DBL, the Bangladeshi textile…


Taxi Associations Secure Supply of New Vehicles

After a bumpy road to become established, 26 taxi associations have succeeded in striking up a deal with four automotive companies. A little over 1,000 seven-seater vehicles are expected to…


New Hello Cash Service Puts Selam Bus Ticket at Your Fingertips

Selam Bus, Lion Bank and Belcash have sealed a deal to launch a new mobile payment system, which will enable Selam’s customers to purchase tickets directly from their mobile phones.…


Battle of Tobacco Titans

The offer made by a Japanese tobacco company to acquire a slice of Ethiopia’s tobacco monopoly is not only the highest ever made to a state enterprise, but it has…


Leather Export Revenue Down to Record Low

Ethiopian export revenue from leather and leather products saw a record low decline during the last nine months of the fiscal year. Declining by 20pc compared to last year, revenue…


Private Sector Recognition Dominates Regional Forwarders Agenda

Ethiopian freight forwarders have called for recognition of the role the private sector in the industry plays in stimulating the economy, while a leading figure among them decried the near…


Ermias: A Free Man, For Now

  Ermias T. Amelga is finally free, after a series of appeals against his release had been rejected and a third new case opened up. He joined his family and…


Ethiopian Roads Authority Awards 2.8 Bn Br Projects

Three local firms and one foreign company have been awarded road projects from the Ethiopian Roads Authority(ERA), worth a total of 2.8 billion Br. Located in four regions, the projects…


Catalysing Entrepreneurship Key to Stunting Migration

A total of 2.3 million dollars has been allocated by the Italian Development Cooperation (IDC) in an effort to contain the influx of irregular migrants at the source. As a…


Japanese Offers Highest Ever Price for a Slice Ethiopian Tobacco Monopoly

Japan Tobacco International, listed as a public company, has pulled the rug from under its competitors, offering a little over half a billion dollars to acquire 40pc of Ethiopias tobacco…


Editorial

Connectivity has become the new measure of prosperity around the world.


Agenda

Agent Banking is meant to expand the reach of banks, bringing services...


Fineline

If success should be measured by mere self-preserva...


Commentary

Only collective action render a globalization that can deliver to all,...


Viewpoint

African leaders will be meeting in Kigali, the capital of Rwanda, for t...


Opinion

The most talked economic performance of Ethiopia is evidently happening...


View From Arada

Ever since Eritrea became an independent country, its relationship with...


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