Menschen Allocates 300m Br to Beneficaries



German NGO Menschen fur Menschen Foundation (MfM) said it has allocated close to 300 million Br for projects in Ethiopia in the current fiscal year. The projects will include building schools, environmental programs,...


Chinese Company Wins Most Expensive Road Projects


The Addis Abeba Roads Authority (AACRA) and China Communications Construction Company (CCCC) held a groundbreaking ceremony on February 14, 2017, for the two most expensive road projects in Ethiopia. In total, the two ro...


Banking Industry Finds Silver Lining Amidst Uncertainity


The nation's private banks have achieved remarkable results during the first half year of the current fiscal year, despite a popular perception that the economy has been sluggish due to political instability and forex cr...


Effect of Political Unrest Still Haunts Companies


Two farming and agro-processing companies that were affected by last year's political unrest have lodged an appeal to the Prime Minister’s Office asking for compensation for the damage that they sustained. Africa Ju...


Veteran Insurer Bears the Brunt of Profit Decline


Nyala has reported an unsatisfactory performance for the recently ended fiscal year, facing an 18pc decline in its net profits. However, Nyala still had cause for optimism after reporting a profit after tax of 71.4 milli...


Ten Companies Compete to Supply Bulk of Wheat


Three international grain suppliers gave a least offer of two billion Br for the supply of 400,000tn of wheat. Following an international tender, 11 international suppliers have submitted their proposals, including an...


Bunna Bank to Get New CEO


Bunna Bank S.C is set to endorse Negusu G.Egziabher as its new CEO after the board of directors selected him from three potential candidates. The Bank announced Negusu’s appointment on Tuesday, February 7, 2017. Negusu...


Out with the Old, in with the New Taxis


The Addis Abeba City Administration Transport Authority has officially announced that the meter taxis in the country will be fully operational with a set tariff. The announcement comes after months of speculation and con...


Walia Belongs to Kangaroo Not Heineken, Court Rules


Walia as a name of a beer belongs to Kangaroo Plast Plc, the Federal Supreme Court has decided, dealing a blow to Heineken Brewery S.C. which had invested heavily to promote the Walia brand. The court's February 2, 20...


DBE Looks Within to Clean Up House


The Development Bank of Ethiopia (DBE) has established an internal inquiry team which will look into violations of its policy, proclamations and directives mandates. The team is composed of staff members of the Bank who...


Grinning Grip


At the HQs of the African Union, on Roosevelt St., a Chadian journalist, Ismail Ben Cherif Tom, thumps up his countryman after Moussa Faki Mahamat, Chad's foreign minister, was elected the fourth chairperson since the Un...


Directors in Troubled Health Sector Resign


  Meskela Lera and Amha Kebede (PhD), the general director of the Pharmaceuticals Fund & Supply Agency (PFSA), and the general director of the Ethiopian Public Health Institut...


Banks Bid Bye to Diaspora Ethiopians


  The action to scrub Ethiopian banks of Ethiopian natives with foreign nationality has commenced as private banks begin auctioning off shares that were returned by these nationals, in compliance with a November...


New Passanger Terminals on the Way for Hawassa Semera


  The Ethiopian Airport Enterprise (EAE) has signed a 276 million Br contract with two local companies to complete the construction of passenger terminals at Semera and Hawassa Airports. The Enterprise contrac...


Zonal System for City Minbuses


  The Addis Abeba City Transport Authority will require close to 6,000 minibuses with code 3 Oromia Regional State registrations to operate on set routes in a zonal system startin...


State Alcohol Producer Completes Half Billion Br Expansion


  The National Alcohol & Liquor Factory (NALF) has completed the first phase of a half billion Br expansion project which took almost two years to finalize. Out of 400 million...


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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