Food Prices Escalate as Inflation Hits Five Month High


Inflation unexpectedly rose to a five-month high in October as the country felt the effects of the overvalued birr. The consumer price index advanced at 7pc year-on-year, comparing October 2016…


Blueprint to Help Ethiopian Youth Takes Shape

A draft strategic document entitled “Ethiopian Youth Development Strategy” will be tabled for discussion by the Council of Ministers in the next two weeks. Part of the strategy is the…


Dalol Oil Gets New CEO

Dalol Oil S.C appointed a new CEO on December 14. Tadesse Girma will be taking over the position from Serkalem G. Kristos. Serkalem resigned in order to focus on earning…


Despite Losses, Raya Shareholders Remain Hopeful

Raya Brewery has reported total losses of close to 104 million Birr during the last fiscal year, although experts in the brewery industry say such a loss is not unique…


Authority Awards 2b Br Roads Projects

The Ethiopian Roads Authority awarded four road projects worth two billion Birr to three local construction companies and a Chinese contractor. The road projects are located in the regional states…


Abay Earns Profit Amid Industry Downturn

In the midst of a fall in premiums, Abay Insurance has registered a profit of 44 million Br, an increase of 51pc. However, its earning per 25,000 shares saw a…


Delay in Dividends Upset Shareholders

Shareholders of banks and insurance companies have not received their dividends timely manner, despite the companies have already conducted their annual shareholders meetings, and submitted their results to the central…


New Bill to Monitor Construction Sector

In a bid to reduce waste in publicly funded construction projects, the government is preparing a legal framework to monitor the rapidly growing sector. The directive is meant to establish…


New Monitoring and Evaluation Policy in the Works

The Prime Minister issued an order this week for the National Planning Commission to begin the development of a National Monitoring and Evaluation Policy. The policy will provide the guidelines…


Lucy’s Shareholders Earn Less as Capital Soars

Despite a reported growth in profits for the third year in a row, Lucy Insurance has suffered a decline in earnings per share. Indeed, the private insurers board of directors…


Companies Look to Supply 180,000 Tablets for Census

The Central Statistical Agency (CSA) is buying 180,000 digital tablets for use in the upcoming national census. This will be the first time where such electronics materials will be used…


China Merchants Eyes 40pc Stake in ESLSE

China Merchants Holdings is in hot pursuit to acquire no less than a 40pc stake of the Ethiopian Shipping & Logistics Services Enterprise (ESLSE), a state-owned monopoly with a near…


National Chamber Election on Hold

The Ministry of Trade (MoT) has called for a temporary halt of the election to select a board of directors and president of the Ethiopian Chamber of Commerce & Sectorial…


Enat’s Capital Upsurge Consumes Soaring Profit

Enat Bank has shown a 50 pc surge in profit, although the huge increase in profit after tax has been consumed by expansion in paid up capital by 47pc A…


Awash Bank Boosts Salary after Record Profit

Awash International Bank S.C. has raised its salaries by an average of 35pc following the results of a study by consulting firm KPMG. Entry level employees have been bumped up…


Finance Regulator Turns Chief Executive Officer

The longest serving financial sector watchdog at the central bank has now moved on to a development bank, a subject of his scrutiny for over a decade. Getahun Nana, vice…


Editorial

Ethiopia is in the midst of a state of emergency. At a press conference...


Agenda

Holidays are mostly considered by the Banks to be a peak season when it...


Fineline

Addis Abeba is in a bizarre mood lately. And for a...


Commentary

Over the past decade or so, Ethiopia has been in the limelight of globa...


Viewpoint

Over two-thirds of Africa’s people lack access to electricity. Approx...


Opinion

Karl Marx was not such a naive man, as some would be forgiven to think,...


View From Arada

Our subscribers to the print edition are entitled to get a bonus in a f...


Editors Pick










MEMBERS' LOGIN


ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Subscribe to our Newsletter

* indicates required

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






Photo Gallery