Spring Proceeds


Dereje was one of the many thousands of farmers flocking from the outskirts of Addis Abeba, supplying grass and flowers to retailers who bundle them up and sell them for between five to 10 Br.


Intercontinental, Louvre Hotel Groups Venture to Ethiopia

Tsemex Hotels & Business Plc, the World Bank’s International Finance Corporation (IFC) and Intercontinental Hotels Group (IHG) are expected to sign agreements for a loan of 9.5 million dollars to…


Railway Corporation on Track for Enterprise Resource Planning Software

The Ethiopian Railway Corporation (ERC) is acquiring an Enterprise Resource Planning (ERP) software, which will integrate the entire operations of the company under one electronic system. This will be the…


Roads Authority Orders Completion of Bridge Prior to LRT Inauguration

The Addis Abeba City Roads Authority (AACRA) has ordered the China Road & Bridge Corporation (CRBC) to finish a bridge passing above the tracks of the Light Railway Transit (LRT)…


Dashen Bank Forecloses GIFT’s Six-Storey Building for 19m Br

Dashen Bank S.C has foreclosed a six-storey building in Adama belonging to GIFT Trading Plc, to cover an eight million Birr loan GIFT was unable to settle. The foreclosure was…


Berhan Becomes Latest Bank to Wave President Goodbye

Belachew Bogale, the founding president of Berhan International Bank (BIB), has resigned from his position as president, becoming the fourth president in the bank industry to leave such a position…


ERCA Claims 3.5m Br in Unpaid Tax on Film Camera

The customs authority is preparing to take Tewodros Teshome, of Sebastopol Cinema, to court over the next two weeks. This comes after allegations of tax cheating, which could have saved…


Sixth Time Lucky as PPESA Seeks Private Textile Investors

The Privatisation & Public Enterprises Supervising Agency (PPESA) wants to bargain with buyers for the sale of two textile factories in the Amhara region, which have failed to find buyers…


Minibus Mobility Limitations Unconstitutional

A two and half month old restriction by the Addis Abeba City Administration Transport Bureau (AACATB), limiting taxis registered in Addis Abeba to remain in city, even when sold to…


Where Ethiopia, U.S. See Eye to Eye, and Don’t

Prime Minister Hailemariam Desalegn has led a high level delegation to New York last week to attend a climate summit, where he was given an audience to speak on his…


Shift in Stewardship at Al Amoudi’s Saudi Star

An executive reshuffle by Mohammed Ali Al Amoudi (Sheikh) has led to the departure of Haile Assegdie from Saudi Star Agricultural Development Plc. He has been replaced by Jemal Ahmed,…


ERCA Announces Grace Period for Half Van Import Tax

Last week, the director general and his two deputies at the Ethiopian Revenues & Customs Authority (ERCA) decided a July 6, 2014 cut-off date for new tax rules on the…


Methane Flaring Machinery to be Installed as Part of Repi Landfill Clean-Up

Combustion Research Associates (CRA), an Indian company, will install methane flaring machinery at the Repi Landfill site over the next two weeks. This will come following the expected completion of…


Private Company to Manufacture Ethiopia’s First Sugarcane Crushing Machines

KG Engineering PLC is manufacturing sugarcane crushing machines in a 5.6 million Br contract. The machinery is being made for the Sugar Corporation, which awarded the contract to the Hibret…


Editorial

A new trend seems to have begun between the leaders of the two long ove...


Agenda

Taxpayers have been left disgruntled by the approach of the ERCA, which...


Fineline

The Revolutionary Democrats could get hard-headed,...


Commentary

Staying away from dark corners is the major lesson from the global fina...


Viewpoint

Not since the countries of Africa tossed out their colonial masters sev...


Opinion

Malnutrition in Ethiopia has a dramatic negative impact on the lives of...


Capital Insight

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


View From Arada

Expanding the road network of the nation has been an important preoccup...


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