China Merchants Eyes 40pc Stake in ESLSE


China Merchants Holdings is in hot pursuit to acquire no less than a 40pc stake of the Ethiopian Shipping & Logistics Services Enterprise (ESLSE), a state-owned monopoly with a near…


National Chamber Election on Hold

The Ministry of Trade (MoT) has called for a temporary halt of the election to select a board of directors and president of the Ethiopian Chamber of Commerce & Sectorial…


Enat’s Capital Upsurge Consumes Soaring Profit

Enat Bank has shown a 50 pc surge in profit, although the huge increase in profit after tax has been consumed by expansion in paid up capital by 47pc A…


Awash Bank Boosts Salary after Record Profit

Awash International Bank S.C. has raised its salaries by an average of 35pc following the results of a study by consulting firm KPMG. Entry level employees have been bumped up…


Finance Regulator Turns Chief Executive Officer

The longest serving financial sector watchdog at the central bank has now moved on to a development bank, a subject of his scrutiny for over a decade. Getahun Nana, vice…


Awash Winery Aspires to Crack World Market

Awash Winery S.C hopes to place Ethiopian wines on the world map as it speeds ahead with a capital expansion project to improve its capacity. The expansion, which began in…


Abyssinia Sees Highest Growth in Six Years

The Bank of Abyssinia has reported a 30pc rise in its net profits to 375 million Br, slightly lower than industry competitor Wegagen Bank. The bank has faced a profit…


Selam Posts Profit Amid Challenges

Selam Bus  share company has posted an impressive profit in midst of declining services around the country. It reported a net profit of 33 million Br, compared to 29.7 million…


Commercial Bank in Court Over Omo Farm Land

The Commercial Bank of Ethiopia (CBE) has presented its defense statement to the first instance court over a lawsuit involving the transfer of a lease of the former Birale Farm,…


PM Appoints Getahun Nana to Lead Dev’t Bank

Getahun Nana, vice governor of the National Bank has been appointed to lead the Development Bank of Ethiopia (DBE) by the Prime Minister earlier this morning. His appointment is effective…


COWASH Project Launches Third Phase

The COWASH (Community-Led Accelerated WASH) project, jointly owned by the Finnish and Ethiopian governments, recently launched ‘Phase 3’ of its 880 million Br programme in Ethiopia. The project was launched…


Ethiopian Diaspora to Head Oromia Insurance

Veteran insurance executive Asfaw Benti has taken over as the new CEO of Oromia Insurance Company S.C, in the aftermath of a net profit decline. OIC recorded a profit of…


Angry Farm Investors Lambast Ministry

A Ministry of Agriculture meeting on November 25 to discuss the financial contributions of commercial farm investors to the Grand Ethiopian Renaissance Dam (GERD) shifted into a platform for airing…


Awash Records Lowest Shareholder Return in a Decade

Awash International Bank (AIB) saw its lowest earnings per share (EPS)  in a decade, reaching 371 Br. The bank has been seeing a declining in its EPS for the past…


Addis-Africa Convention Centre Ends First Round Share Sales

The Addis-Africa International Convention and Exhibition Center S.C. (AAICEC) has completed its first round of share sales. Over 300, 000 shares were floated for sale, and over a period of…


Assessment Reveals More Government Waste

An assessment initiated by a parliamentary standing committee on public account last year has revealed public offices continue to have deficiencies in disposing items that can lead to health hazards…


Editorial

At the Diaspora conference in Bahir Dar held this past summer, one of t...


Agenda

Rickshaws are expanding their outreach across almost all the major citi...


Fineline

The administration of Prime Minister Hailemariam De...


Commentary

There have been many Italian influences in Ethiopia. From the many cafe...


Viewpoint

The AIDS pandemic claimed around 36 million lives between 1981 and 2016...


Opinion

This article is a response to an email I received regarding what I wrot...


View From Arada

The herdsmen claimed that a day before, a passing vehicle of the same m...


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