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...


City to Let Contractors Buy Supplies


  Unable to meet its homes building goals, the Addis Abeba City Administration is considering transferring the purchases of construction materials for city projects to be handled by the contractors themselves. Th...


Eden Expands Capacity, Raises Profit


  Eden Business Group has announced the expansion of its water bottling capacity by three-fold at a cost of 80 million Br, raising its capacity to produce 34,000 bottled water per hour in its plant in Welqite, 20...


Presidential Palace


  The family of President Mulatu Teshome (PhD) will soon move to a new residence on Entoto Avenue, neighboring the US Embassy, after the presidential office in the photo is comple...


Tsehay Profits Up, Shareholders Return’ Slump


Tsehay Insurance S.C witnessed another year of achievement despite an industry downturn for the second year in a row. The firm has managed to increase its profit after tax by 22pc, to 14 million Br. The profit generat...


Leaving In Style


  The African Union (AU) consisting of 54 African countries was established in 2001 in Ethiopia with the aim of replacing the Organization of African Unity (OAU). The most importa...


DBE Unfreezes Commercial Farm Loans


Loan applications from close to 260 commercial agriculture investors have got the green light to be processed after a year long hiatus on agricultural loans. This was announced by Development Bank of Ethiopia, a major fi...


Addis Bank Reports Profit Surge


Addis International Bank has had an impressive year, registering an annual profit growth of 100pc, since its establishment in 2011 as one of the late entrants into the banking industry. The Bank earned a net profit of 85...


Backlogged Payment Creates More Complications for ELSE


ELSE Addis Trading Industrial Development Plc has been sued for allegedly not paying 28 million Br for a cotton purchase made from the Upper Awash Agro-Industry Enterprise. The suit presented by Upper Awash before the Se...


Road Projects Expanding, Authority Awards Billions


Six new roads are in the works in the Southern Nation Nationalities & Peoples' regional state, Somali regional state, Oromia regional state and Benishangul Gumuz regional state. The projects were awarded to three for...


Agency Fumbles Bid to Digitize Title Deeds Again


A project to digitize property title deeds across Ethiopia has been delayed again. The government agency behind the bid cancelled the award for a second time. The bid was to build the database that would revolutionize pr...


PTA to Expand New Brand


In a bid to widen its outreach to more African countries, as well as increase its funding for more sectors the Preferential Trade Area (PTA) Bank, commonly known as the Eastern & Southern African Trade & Developm...


Court Finds YESU Plc Not Gulity


YESU Plc, and its shareholders Yohannes Sisay and members of his family, who were co-defendants were found not guilty of charges of concealing income of half a billion Birr. On January 26 2017, the criminal bench of the...


Loan for Commercial Farms Resume


After almost a year, the Development Bank of Ethiopia (DBE) has resumed issuing loans for commercial agriculture investment. It will start to receive loan applications from February 1, 2017. The loan scheme for commer...


Stirring Spirits


Timqet, the Ethiopian Orthodox celebration of Epiphany, was celebrated with much fervor in Addis Abeba on Thursday. Celebrations started on the eve of the ceremony with horns sounding off and crowds gathering. The festiv...


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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