DBE Unfreezes Commercial Farm Loans



Loan applications from close to 260 commercial agriculture investors have got the green light to be processed after a year long hiatus on agricultural loans. This was announced by Development Bank of Ethiopia, a major fi...


Addis Bank Reports Profit Surge


Addis International Bank has had an impressive year, registering an annual profit growth of 100pc, since its establishment in 2011 as one of the late entrants into the banking industry. The Bank earned a net profit of 85...


Backlogged Payment Creates More Complications for ELSE


ELSE Addis Trading Industrial Development Plc has been sued for allegedly not paying 28 million Br for a cotton purchase made from the Upper Awash Agro-Industry Enterprise. The suit presented by Upper Awash before the Se...


Road Projects Expanding, Authority Awards Billions


Six new roads are in the works in the Southern Nation Nationalities & Peoples' regional state, Somali regional state, Oromia regional state and Benishangul Gumuz regional state. The projects were awarded to three for...


Agency Fumbles Bid to Digitize Title Deeds Again


A project to digitize property title deeds across Ethiopia has been delayed again. The government agency behind the bid cancelled the award for a second time. The bid was to build the database that would revolutionize pr...


PTA to Expand New Brand


In a bid to widen its outreach to more African countries, as well as increase its funding for more sectors the Preferential Trade Area (PTA) Bank, commonly known as the Eastern & Southern African Trade & Developm...


Court Finds YESU Plc Not Gulity


YESU Plc, and its shareholders Yohannes Sisay and members of his family, who were co-defendants were found not guilty of charges of concealing income of half a billion Birr. On January 26 2017, the criminal bench of the...


Loan for Commercial Farms Resume


After almost a year, the Development Bank of Ethiopia (DBE) has resumed issuing loans for commercial agriculture investment. It will start to receive loan applications from February 1, 2017. The loan scheme for commer...


Stirring Spirits


Timqet, the Ethiopian Orthodox celebration of Epiphany, was celebrated with much fervor in Addis Abeba on Thursday. Celebrations started on the eve of the ceremony with horns sounding off and crowds gathering. The festiv...


Hiber Sugar’s Troubles Strike a Sour Note


Hiber Sugar, a share company created in 2009 to help meet the sugar demand in Ethiopia, has still not produced a kilo of sugar and is facing demands from angry shareholders who feel its latest plan to buy government-owne...


Success as Ethiopia Downsizes Drought Figures


The Humanitarian Requirement Document jointly released by the Ethiopian government and its humanitarian partners has revealed some good news for the effort to contain the effects of the drought in some parts of the count...


A New Bill to Control Alcohol, Tobacco


A new bill that prohibits alcohol producers, importers and distributors to directly or indirectly sponsor any public holidays, trade fairs as well as any events is being introduced by the Federal Food, Medicines & He...


Civil Service Salary Hike on the Cards


Ethiopia’s 1.4 million civil servants will receive salary increments this year after Parliament approved an 18.2 billion Br supplementary budget. About half of the budget will be used to increase civil service salaries...


Largest Paper Mill Rolling In


Yekatit Pulp and Paper and China Engineering Corporation (CEC) have signed an agreement to establish what will be the biggest pulp and paper mill in Ethiopia, it will cost close to two billion Birr. The mill will be l...


New Industrial Parks Take Shape


A group of Chinese companies have signed an agreement to band together and build industrial parks at a cost of ten billion Birr. The companies, CGC Overseas Construction Group (CGCOC) China Contraction Group China Com...


Not a Nice Year for NICE


National Insurance Company of Ethiopia S.C (NICE) has suffered a decline in both profits and its market share despite a growth in premium production. NICE’s board of directors disclosed at the company’s annual mee...


Editorial

The news that the Administration of Prime Minister Hailemariam Desalegn...


Agenda

Ashenafi Beza has been in the business of renting out construction mach...


Fineline

The manner in which the current leadership of the O...


Commentary

With the rush to develop Ethiopia and make the country one among middle...


Viewpoint

A recent World Bank report entitled, “Why So Idle? Wages and Emp...


Opinion

The dark specter of evil (the begetter of war) smiles upon this earth,...


View From Arada

When people travel to a new city or town, they might notice the transpo...


Editors Pick














MEMBERS' LOGIN


ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Verbatim, News Analyis, Lifestyle, Radar and...






Photo Gallery