Awash International Bank Hires KPMG to Propel it to Top 10 within East Africa

KPMG will identify gaps and take action to help the bank become one of East Africa’s best.

Addis Abeba to Get 50pc Budget Raise

The City Administration of Addis Abeba is to see a significant jump in its budget for 2015/16, with an addition of 11 billion Br. Close to 20 billion Br budget…


The state-owned Commercial Bank of Ethiopia (CBE) has set the foundation stone for the building of its main office building on Ras Desta Damtew Road, behind the Ethiopia Hotel, on Saturday, June 27, 2015.

Hurmud Camel Milk Company to Open in Jigjiga

Camel milk is an under-exploited food resource but its supply is about to be expanded

Israel Chemicals Acquires Allana Potash for $150m

In acquiring Allana Potash, Israel Chemicals Ltd. stands to gain the concession for high potash reserves.

Chambers of Commerce Sign MoU to Explore Business Opportunities

The MoU signed between the Addis and Los Angeles Chambers was the first with a US City

Alemayhu Ketema Wins Bid for 713.6m Br Sport Academy

The General Contractor was selected from a field of 20 construction firms

EPRDF, Affiliates Command 99pc of Seats Contested

NEBE has presented all but one of the election results but the air will soon be cleared.

Ethiopia, Chinese Company Sign $119m Deal for Transmission Lines to Kenya

Ethiopia signed a 119 million dollar deal for power transmission lines to Kenya to export the extra power. “It is mandatory to export the energy that is leftover as we…

Centre of Excellence

Bereket Simeon, policy advisor to the Prime Minister and chairperson of Commercial Bank of Ethiopia (CBE) (right) and Bekalu Zeleke, president of the Bank chatting away with satisfied smiles during…

Lion International Bank to Provide Agent, Mobile Banking

Lion International Bank (LIB) S.C. will begin an agent and mobile banking system within two weeks, pending approval of the National Bank of Ethiopia (NBE). This will put Lion in…

World Bank, Gov’t Sign 7.5b Br Loan Agreement for Expressway Section

The World Bank’s Country Director for Ethiopia, Guang Zhe Chen signed a 7.5 billion Br loan agreement with the government, the last he will sign in this capacity as his…

Sher Ethiopia Plc to Inaugurate Expansion, Increase Flower Production

Sher Ethiopia Plc, which is implementing an expansion project in Adami Tulu, 170Km south of Addis Abeba in the Oromia Regional State on a 203ha plot of land, has so…

Ayu Alemu Awarded Next Year’s Holiday Bazaars at 22.2m Br

Ayu Alemu, an event organiser has been awarded the opportunity to host the next Ethiopian Christmas and Easter bazaars at the Addis Abeba Exhibition Centre & Market Development Enterprise (AAECMDE)…


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View From Arada

There are many things going on in this country, and all seek for attent...

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