Gov’t Considering to Pull ZTE Off ethio telecom Deal


ZTE, the Chinese telecommunications equipment and network solutions provider, is on the brink of losing an 800 million dollars deal with ethio telecom, following its refusal to work on the…


United Expenditure up in Bid to Lead Banking Sector Technological Development

United Bank is investing massively to snatch the lead in technological edge from its competitors, hoping to introduce a paperless bank active in the market. Such a drive is partly…


Power Development Plan to Receive 20bn Dollars Injection

The Ethiopian government plans to spend 20 billion dollars on its power development program in its second generation of the, Growth & Transformation Plan (GTP-II), from 2015 to 2020. This…


Logistics Strategy Report Draft Expected this Week

Nathan Associates Inc. (NAI), the American company hired by the Ethiopian government to conduct a detailed study of the country’s logistics system and develop a national logistics strategy, is expected…


Federal Court Reverses Shoa Bakery Share Sales Due to Divorce Dispute

The Federal High Court has annulled the transfer of 1,358,300 shares of Shoa Bread & Flour Factory Plc on October 28, 2014, after one of the shareholders’ spouses lodged a…


Govt Strengthens Copyright Proclamation for Right-Holders

Ethiopia’s Parliament has ratified the bill for the amendment of the existing Copyright & Neighboring Rights Protection Proclamation first issued in 2004, on November 18, 2014. The original proclamation lacked…


Abay Bounces Back with 26.81m Br in Profits

To the delight of its 93 shareholders, Abay Insurance S.C. has bounced back from consecutive losses over the past few years since its establishment in July 2010, registering a net…


Two Decades on Awash Insurance Experiences Declines

Awash Insurance S.C. (AIC) has witnessed a significant decline in its earnings per share (EPS), which dropped by 65.2pc, from last year’s 433 Br. Its net profit has also gone…


RAISED BY CHINA

China, Asia’s mighty dragon, continues to spread its wings across the African continent. President Xi Jinping, top left, and his Communist Party of China (CPC) have long sought to spread…


Access Homebuyers Proceed for Court Ruling Execution

The technical committee established to settle real estate problems relating to Access Real Estate (ARE), following the flight of its CEO and chairman of the board Ermias T. Amelga, has…


MetEC to Deliver Five Spare Part Factories to Southern Regional Government for 235m Br

The Metal & Engineering Corporation (MetEC) is preparing to hand over five spare part manufacturing workshops to the Southern Regional State. The factories cost the regional government 235 million Br.…


Nile Insurance Looks to Capitalize After Declaring 64.9m Br Profit

Nile Insurance Company S.C. (NIC) has enjoyed a profit after tax of 64.9 million Br in 2013-2014, an increase of 55.44pc from the previous fiscal year. Earnings per share (EPS)…


United Insurance Profits Up 4.48pc, While Earnings Per Share Decline

United Insurance S.C. (UNIC) has registered an increase on its profit after tax of 4.48pc, amounting to 62.55 million Br, although its earnings per share (EPS) have gone down from…


Kirkos District Seals 140 Houses to Make Way for Five Star Hotels

Kazanchis is gearing up for more high rise development as officials of Woreda eight, of the Kirkos district, seal 140 houses occupying 26ha of land, to be cleared and prepared…


Editorial

On November 13, 2014, Members of Parliament deliberated on a bill which...


Agenda

Butcheries face a number of different systems of taxation of their good...


Fineline

Ethiopia’s Parliament has these haphazard mom...


Commentary

The government has been reliant on bilateral and multilateral loans. Bu...


Viewpoint

Economic news is grim all around the world. This year’s output growth...


Opinion

The deficit of courage in Addis Abeba is downright depressing. When I w...


Capital Insight

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


View From Arada

Despite the talk of recent changes in Ethiopia, sanitation problems, es...


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