NOT GOOD NEWS


Parliament has heard the assessment report on the implementation of the good governance plan. But that report brought no good news to the House and the three people shown above.…


Central Bank “Manifesto” Puzzles Industry

The financial industry is bewildered with a new central bank “manifesto” authorities are calling a “guideline” setting out detailed prescriptions on how to restore good governance and fight rent seeking…


High Court Suspended Re-Bid for Rental of Duty Free Shops

“Gross sales” is defined by Investopedia, a financial information website, as “a measure of overall sales that isn’t adjusted for customer discounts or returns, calculated simply by adding all sales…


Standing Committee Questions Delayed Delivery of Transformers

Nearly 150 million Br worth of electric transformers are languishing at the Modjo Dry Port, while the Ethiopian Electric Utility (EEU) and the Indian supplier accused of underhandedness are arguing…


Zemen’s Earnings Per Share Stay Down

A 20pc increase in profits has not helped Zemen Bank S.C. push up its earnings per share (EPS) that are currently at the 320 Br mark for the second year…


Abergelle’s Meat Find New Destination

Abergelle International Livestock Plc, an abattoir in the Tigray Region owned by the Endowment Fund for the Rehabilitation of Tigray (EFFORT), is to export 280tn of meat to the Comoros…


Ethiopia Signs Financing Agreements with AfDB

The African Development Bank is lending Ethiopia seven billion Birr for basic services provision and four water and sanitation programmes. Ahmed Shide, state minister for Finance & Economic Cooperation (MOFEC),…


ACCESS’ DRAMA CONTINUES

The shenanigans of Ermias T. Amelga in the name of Access Real Estate may make fascinating reading but the stories of shareholders are painful and there is no relief in…


Contested East Africa Bottling Shares Out for Bid

A known businessman is threatened with a loss of 26.2 million Br, after the government issued a legal notice to auction his shares with Coca Cola’s bottlers in Ethiopia, the…


Tsehay Insurance Shines with Profit

Tsehay Insurance S.C. has ended its third year with 11.6 million Br profit after tax, a massive increase from last budget year by 185.7pc. In line with this, earnings per…


Further Delay in Delivery of 40/60 Housing

A 40/60 housing scheme project delayed by more than eight months, will not be able to deliver even in the rescheduled time frame of one month, announced the Saving Houses…


No ODA Towers For Another Three Years

The 2694sqm plot of land where Abinet Geberemeskel Oda planned to build a commercial building named after his father, a project that is 13 years overdue, is now serving as…


Bidders for New Driver’s Licence Wait with Bated Breath

Two short-listed bidders and others with grievances have been waiting since September 2015 to hear of any new developments on the Federal Transport Authority’s (FTA) tender for the procurement of…


Quality-Cost Imbalance Stalls HIV Test Kit Procurement

The tender for the procurement of HIV testing kits has failed once again. In a process riddled with irregularities since 2012, the Pharmaceuticals Fund & Supply Authority (PFSA) has been…


Editorial

It is common to see people arguing that the ruling Revolutionary Democr...


Agenda

The recently concluded 10th US-Africa Business Summit provided much opp...


Fineline

The state of governance in the Oromia Regional Stat...


Commentary

It is time for Africa to make history in the fight against malaria, arg...


Viewpoint

Because of our size, diversity, geographical location, and our unique d...


Opinion

Oil prices recently hit 27.56 dollars a barrel, their lowest level sinc...


View From Arada

Numbers could mean a lot when they are used in their right place. But t...


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