Enat Breaks Trend of High Flying Shares



Enat Bank S.C’s expansion of its shares to increase its paid up capital has meant that the Bank’s other share sales fetched slightly underwhelming results. The Bank floated 11,142 shares with a par value of 1,000...


Berhan Posts 7m Br Loss as Motor Claims Climb


Berhan Insurance S.C., amongst the late comers to the insurance industry, reported a net loss of close to seven million Birr in the last fiscal year as it struggles with the impact of high claims, lower revenues and a su...


Ethiopia Extends Emergency Law


Ethiopia's Parliament has voted to extend the state of emergency by four months. Tabled today, March 29, 2017, a bill titled "State of Emergency Proclamation for the Maintenance of Public Peace and Security Renewal" was...


Visa Limitations False, US Embassy Assures Ethiopians


The United States Embassy in Addis Abeba assured Ethiopians today, March 29, 2017, that there is no limitations imposed on the number of visas issued by the Embassy, contrary to wide spread rumors. The rumors followed...


Irrigation Farms Worth 9b Br Set in Omo


The Ethiopian Construction Works Corporation (ECWC) has signed agreements worth nine billion Br with four companies for the construction of irrigation farms inside the Omo Kuraz sugar factories. Omo, Kuraz, located in...


Chinese Company Begins Dire Dawa Port Construction


China Civil Engineering Corporation (CCEC) has begun construction on the expansion project of the Dire Dawa dry port, at a cost of 1.5 billion Br. The construction project is a supplementary agreement to the Ethio-Djibou...


Laura, Access, Ermias to Handover Homes


The Federal High Court has ordered Laura Trade & Industry Plc, Access Real Estate S.C (ARE) and Ermias T. Amelga to deliver seven houses located in Bole District to homebuyers, along with 1.8 million Br for the compl...


Abebe Bikila Stadium in Transit


The Chinese firm Zhongmie Engineering Group Ltd, has secured a 105.5 million Br project to complete and maintain the multi-purpose Abebe Bikila Stadium. Zhongmie was awarded the project by the Addis Abeba Youth and Sp...


Bidders Overreach for United Shares


United Bank held with the trend of receiving inflated bids, with an offer of 1,012 Br per share during its latest share auction. The offer was made during the second round of share sales for the Bank. Its first round of...


Next Stop for Radisson Blu: Bishoftu


Lions Group of Companies (LGC) is negotiating with Radisson Blu member Carlson Rezidor Hotel Group to bring Radisson Blu to Bishoftu (Debreziet), making the city the third destination for an international brand hotel out...


First DVD Production Plant opens in Dukem


Ethiopia’s first and only digital video disc (DVD) manufacturing plant, Kolya Manufacturing S.C., has officially opened in Dukem, 37Km south east of Addis Abeba. The company, located inside Dukem Industrial Zone, ha...


Prosper Loses Once Again at the High Court


The long lasting court battle between Tekleberhan Ambaye Construction Plc (TACON) and Prosper International Plc regarding a machinery rental deal concluded with a ruling against Prosper at the Lideta High Court. Prosper...


Consumer’s Pocket Hit Hard by Salt Prices


In spite of no significant changes in the environment around salt mines and fields, the price of salt is putting a dent in consumers’ wallets across the country. Six months ago, a kilo of salt was sold for 3.35 Br a...


Avoidable, Regrettable Tragedy


Rescue workers, the community, and volunteers have been digging through tonnes of garbage since last week, as the chances for survival dim with the days. But the search for the victims of the Repi (Qoshe) landfill disast...


Dashen Bank Goes Global for New Strategy


Dashen Bank S.C has issued floated a tender to hire a consultant to redesign its management strategy , to bring the Bank in line with the international banking arena. This makes the Bank the third private bank to have...


Overlap of Enterprise Boards Straighten Out


Ethiopian Railway Corporation (ERC) gets a new board chairman Seleshi Bekele (PhD), minster of Water, Irrigation and Electricity replacing the former board chairman Arkebe Oqobay (PhD), special advisor to the Prime Minis...


Editorial

Last week saw a series of events where the political bigwigs from the f...


Agenda

The cement industry in Ethiopia, although still largely untapped, is se...


Fineline

It is unusual for a federal agency to get estranged...


Commentary

Recently, the National Bank of Ethiopia (NBE) had announced the mandato...


Viewpoint

Neglected Tropical Diseases (NTDs) disproportionately affect women and...


Opinion

Until very recently, Turkey was a proudly democratic Middle Eastern cou...


View From Arada

We often underestimate the importance of time managiment. Especially in...


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