Irrigation Farms Worth 9b Br Set in Omo



The Ethiopian Construction Works Corporation (ECWC) has signed agreements worth nine billion Br with four companies for the construction of irrigation farms inside the Omo Kuraz sugar factories. Omo, Kuraz, located in...


Chinese Company Begins Dire Dawa Port Construction


China Civil Engineering Corporation (CCEC) has begun construction on the expansion project of the Dire Dawa dry port, at a cost of 1.5 billion Br. The construction project is a supplementary agreement to the Ethio-Djibou...


Laura, Access, Ermias to Handover Homes


The Federal High Court has ordered Laura Trade & Industry Plc, Access Real Estate S.C (ARE) and Ermias T. Amelga to deliver seven houses located in Bole District to homebuyers, along with 1.8 million Br for the compl...


Abebe Bikila Stadium in Transit


The Chinese firm Zhongmie Engineering Group Ltd, has secured a 105.5 million Br project to complete and maintain the multi-purpose Abebe Bikila Stadium. Zhongmie was awarded the project by the Addis Abeba Youth and Sp...


Bidders Overreach for United Shares


United Bank held with the trend of receiving inflated bids, with an offer of 1,012 Br per share during its latest share auction. The offer was made during the second round of share sales for the Bank. Its first round of...


Next Stop for Radisson Blu: Bishoftu


Lions Group of Companies (LGC) is negotiating with Radisson Blu member Carlson Rezidor Hotel Group to bring Radisson Blu to Bishoftu (Debreziet), making the city the third destination for an international brand hotel out...


First DVD Production Plant opens in Dukem


Ethiopia’s first and only digital video disc (DVD) manufacturing plant, Kolya Manufacturing S.C., has officially opened in Dukem, 37Km south east of Addis Abeba. The company, located inside Dukem Industrial Zone, ha...


Prosper Loses Once Again at the High Court


The long lasting court battle between Tekleberhan Ambaye Construction Plc (TACON) and Prosper International Plc regarding a machinery rental deal concluded with a ruling against Prosper at the Lideta High Court. Prosper...


Consumer’s Pocket Hit Hard by Salt Prices


In spite of no significant changes in the environment around salt mines and fields, the price of salt is putting a dent in consumers’ wallets across the country. Six months ago, a kilo of salt was sold for 3.35 Br a...


Avoidable, Regrettable Tragedy


Rescue workers, the community, and volunteers have been digging through tonnes of garbage since last week, as the chances for survival dim with the days. But the search for the victims of the Repi (Qoshe) landfill disast...


Dashen Bank Goes Global for New Strategy


Dashen Bank S.C has issued floated a tender to hire a consultant to redesign its management strategy , to bring the Bank in line with the international banking arena. This makes the Bank the third private bank to have...


Overlap of Enterprise Boards Straighten Out


Ethiopian Railway Corporation (ERC) gets a new board chairman Seleshi Bekele (PhD), minster of Water, Irrigation and Electricity replacing the former board chairman Arkebe Oqobay (PhD), special advisor to the Prime Minis...


Cabinet Slashes Zonal Stadium Budget


After being criticized for excessive budgets for five zonal stadiums which would cost 300 million Br each, the Addis Abeba City Administration Sport and Youth Bureau has revised its plan, and will now construct youth clu...


State of Emergency Evolves with Time


The state of emergency could possibly be extended for another term, depending on the results of various government surveys done around the country, according to Prime Minister Hailemariam Desalegn. His disclosure came...


Trans-Africa Highway Gets Fresh Start in South


A long delayed section of the Trans-African Highway project, a 60Km road from Chucoo to Yirgachefe in the Southern Nations, Nationalities & Peoples Regional State, has been awarded to a Chinese company, after the con...


New Audit Regulation Tightens Procurement Process


The Ministry of Finance & Economic Cooperation (MoFEC) has announced a new regulation regarding penalties that officials will face if they do not procure items following the proper process. Officials will face financ...


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