Food Deficit Forces Massive Imports



The Ministry of Trade is buying 720,000 metric tonnes of wheat to help stabilize the local market. This is almost twice as much as the largest wheat purchase in 2016. The bid for the purchase is expected to open in a...


Djibouti-Ethiopia Railway Inaugurated


The railway track linking Addis Abeba to port of Djibouti was officially inaugurated today following its completion. The new railway, which stretches 752Km was built at a cost of 4.2 billion dollars. The ceremony was hel...


The Making of a Star: Michael Hailu


Guitar virtuoso Michael Hailu, a long time member and musical director of Jano Band, has always marched to his own drum, following his own musical journey. Michael is gaining wide critical acclaim and attracting legions...


Yegna, DfID Part Ways Under Pressure


A charity organization meant to help girls in Ethiopia has fallen victim to controversy in Britain about the effectiveness of foreign aid. The Ethiopian charity, Yegna, became the poster child of misused foreign aid i...


Gambella Jails Alleged Land Fraudsters


The fallout from the Gambella land controversy continued this week with the arrest by the regional government of several local business people allegedly involved in the corrupt use of government loans and commercial farm...


DBE Second Thoughts on Else Foreclosure


The Development Bank of Ethiopia (DBE) is reviewing its selling price for the foreclosed textile company, Else Addis Industrial Development Plc. The bank had foreclosed on Else with the negotiation price of 729 million B...


Zebidar Enters Hot Local Beer Market


Beer lovers have a new choice as Zebidar Brewery officially enters the Ethiopian beverage scene with 1.3 billion Br investment, becoming the seventh beer factory in the market. The company, which is a joint venture betwe...


Debub’s Profit Up, Raises Dividend


Debub Global Bank continues to earn record profits as its earnings from operations accelerated by an average 75pc. The bank's results were presented during the company's fourth annual meeting, held at the Hilton Hotel.


A Year of Success for Zemen Bank


Zemen Bank S.C. reported a 203 million Br net profit last fiscal year which is 32pc higher than the previous fiscal year. In the latest annual meeting held at the Intercontinental Hotel, a month ago the Bank said it c...


Nib Insurance Hit by Industry Downturn


Nib Insurance S.C. has posted a profit decline for the second year in a row as operational income dipped. The 14-year-old company declared a 25pc fall in its profits to 42 million Br. “The huge reduction in what goe...


Proposed Shipping CEO Loses Position


The PM office has shifted Yacob Yalla from his proposed position as the CEO of Ethiopian Shipping Lines & Logistics Service Enterprise (ESLLSE) to the directorship of the Ethiopian Horticulture Development Corporatio...


Addis Prefab Home Buyers Take Action


Close to 200 Addis Prefab Home buyers assembled in early morning of December 31, 2016 to discuss ways to demand a speedy administrative decision after what they claim is a delayed response from the prime minister's offic...


Gov’t Plans Industrial Park for Pharmaceuticals


Ethiopian officials have disclosed their plan to establish industrial parks dedicated to the pharmaceuticals industry during a closed meeting held at the Hilton Hotel last week with local pharmaceutical producers and imp...


Awash Winery Fully in Private Hands


The protracted privatization process of Awash Winery came to a conclusion after the Ministry of Public Enterprises (MPE) fully transferred shares to - Blue Nile Investment. After several failed auctions, the winery wa...


Ethiopia Straining to Help Drought Victims


The Ethiopian Humanitarian Fund (EHF) has allocated 17 million dollars to renewed drought efforts, with major funding expected to come in next year. The Allocation Plan for the fund is based on the Inter-Cluster Prior...


Second Time Not Nice for Deputy CEO


Tedros Bogale, the long serving deputy CEO of the National Insurance Company Of Ethiopia S.C (NICE), is being forced out of his position effective January 7, 2017. His resignation was accepted by the company’s board...


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