Wired Schools Plan Get Second Wind



The winner of a bid to provide and install networking systems in 300 schools and 10 universities was announced in an award letter this week by the Ministry of Education. A company called Anhui Telecommunications Engineer...


Census Tablets Back Up for Bid


The Central Statistical Agency (CSA) has cancelled a tender for tablets for use during the National Census. The cancellation came after the bidders in the initial tender voiced their concerns about one of the specificati...


Government Donates to Somaliland Amidst Drought


The Government of Ethiopia has announced a donation of 15 million Br worth of food aid to the government of Somaliland, a self-declared state internationally recognised as an autonomous region of Somalia. The donation co...


Nile Petroleum Agrees to Pay 650m Br Late Debt


Nile Petroleum Corporation, the Sudanese-owned oil company operating in Ethiopia, has reached an agreement with the Ethiopian Government to repay a debt of over a half a billion Br. The debt was accrued with the Ethiopia...


Ethio Life Earns Modest Profit Amid Plunging Premium


Ethio Life & General Insurance has reported a positive profit for the second year in a row. However, it registered a slower profit growth than the previous year, as its profit only increased by four percent. The f...


Debub Picks Zemen’s Director for Vice President


Tesfaye Boru, who is currently the director for the Department of Knowledge and Innovation at Zemen Bank, has been assigned to be the first vice-president of Debub Global Bank. His appointment has been sent to the Nation...


Lion Insurance Profit Slides as Industry Premiums Fall


In the midst of profit drops registered by over ten insurers, Lion Insurance announced to its shareholders that it made a profit of 15 million Br last fiscal year, a 13pc decrease from the previous year. The announcement...


Coffee Culture


Besides athletics, Ethiopia is world famous for its coffee. Ethiopian nomads are said to have been the first to recognize coffee's stimulating effect, although they ate the red cherries directly and did not drink it as a...


Awash Rakes in Bids for Shares


On Thursday, February 16, 2017, Awash Bank opened bidding for about 21,000 shares returned by foreign nationals of Ethiopian origin. Awash is the first bank to auction off the returned shares. The hotly contested bid saw...


Agency Approves Decision to Cancel 332m Br Procurement


The Public Procurement & Property Administration Agency has approved the decision to cancel a 332 million Br contract for the implementation of a National Urban Real Property Registration & Information Management...


City Earns Two Billion Br from Land


The Addis Abeba City Administration Land Development & Management Bureau has collected two billion Birr of revenue from land related transactions over the first six months of the current budget year. Out of this,...


State Banking Giant Declares Big Growth


A week after private banks reported staggering growths in their deposits, the Commercial Bank of Ethiopia (CBE) announced that its deposits had soared by 32 billion Br to 320 billion Br; 150 billion Br less  than the ...


Three Companies Bag 2.1b Br Wheat Deal


The Ethiopian Government has chosen the companies it wants to supply 400,000 tons of wheat export into the country to stabilise the local market. The 2.1 billion Br award was won by three companies: Promising Internation...


Railway Won’t Open Next Month


Contrary to recent reports, the Ethio-Djibouti Railway won't be operational next month, according to the Ethiopian Railway Corporation (ERC). A few weeks ago, ERC disclosed to Parliament that it will take at least two...


Split over Amendment of Labour Law


An advisory board under the Ministry of Labour & Social Affairs (MoLSA) is looking into comments from the Confederation of Ethiopian Trade Unions (CETU) and the Employers’ Federation regarding an amendment to a 15...


Two Public Enterprises Under Liquidation


The Board of Trustees for Public Enterprises is liquidating two public enterprises involved in the construction sector. The Board has been liquidating Tikur Abay Construction S.C and National Engineers & Contracto...


Editorial

Last week Diriba Kuma, mayor of Addis Abeba, was in attendance for the...


Agenda

Despite widespread concerns over foreign exchange crunch in the economy...


Fineline

There could perhaps be no political party in the wo...


Commentary

With recent events in the country such as mild earthquakes, the need to...


Viewpoint

Though Ethiopia is the first African country to make modern laws, inclu...


Opinion

In the 16th Century, Polish astronomer Nicolaus Copernicus published a...


View From Arada

A mountain of garbage that had accumulated in "koshe" gave way to a lan...


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