Awash Winery Aspires to Crack World Market


Awash Winery S.C hopes to place Ethiopian wines on the world map as it speeds ahead with a capital expansion project to improve its capacity. The expansion, which began in…


Abyssinia Sees Highest Growth in Six Years

The Bank of Abyssinia has reported a 30pc rise in its net profits to 375 million Br, slightly lower than industry competitor Wegagen Bank. The bank has faced a profit…


Selam Posts Profit Amid Challenges

Selam Bus  share company has posted an impressive profit in midst of declining services around the country. It reported a net profit of 33 million Br, compared to 29.7 million…


Commercial Bank in Court Over Omo Farm Land

The Commercial Bank of Ethiopia (CBE) has presented its defense statement to the first instance court over a lawsuit involving the transfer of a lease of the former Birale Farm,…


PM Appoints Getahun Nana to Lead Dev’t Bank

Getahun Nana, vice governor of the National Bank has been appointed to lead the Development Bank of Ethiopia (DBE) by the Prime Minister earlier this morning. His appointment is effective…


COWASH Project Launches Third Phase

The COWASH (Community-Led Accelerated WASH) project, jointly owned by the Finnish and Ethiopian governments, recently launched ‘Phase 3’ of its 880 million Br programme in Ethiopia. The project was launched…


Ethiopian Diaspora to Head Oromia Insurance

Veteran insurance executive Asfaw Benti has taken over as the new CEO of Oromia Insurance Company S.C, in the aftermath of a net profit decline. OIC recorded a profit of…


Angry Farm Investors Lambast Ministry

A Ministry of Agriculture meeting on November 25 to discuss the financial contributions of commercial farm investors to the Grand Ethiopian Renaissance Dam (GERD) shifted into a platform for airing…


Awash Records Lowest Shareholder Return in a Decade

Awash International Bank (AIB) saw its lowest earnings per share (EPS)  in a decade, reaching 371 Br. The bank has been seeing a declining in its EPS for the past…


Addis-Africa Convention Centre Ends First Round Share Sales

The Addis-Africa International Convention and Exhibition Center S.C. (AAICEC) has completed its first round of share sales. Over 300, 000 shares were floated for sale, and over a period of…


Assessment Reveals More Government Waste

An assessment initiated by a parliamentary standing committee on public account last year has revealed public offices continue to have deficiencies in disposing items that can lead to health hazards…


Tattoo Business Leaves Indelible Mark on City

Sometimes, older women go to tattoo shops to have their eyebrows tattooed, so as to cover up baldness and thinning. The young, on the other hand, have their idols and loved ones tattooed on their arms, necks, backs or chests. Many tattoo artists in the city use anesthesia only when they tattoo eyebrows, FORTUNE’S HAWAZ MERAWI reports.


Upto 17 Year Sentence for CBE Fraudsters

On November 24, a dozen defendants were convicted of fraud totalling seven million Br and were sentenced by the 18th Criminal Bench of the Federal High Court to sentences of…


Biometric Licence Purchase Roadblock Clears

The multi-million birr national biometric drivers’ licensing system purchase, which had been stalled at the pre-qualification phase for a year, is to restart again after a three-month pause. This followed…


Bunna Posts Healthy Profit

Bunna International Bank S.C has earned a record seven year profit and earnings per share. This year, its profit after tax soared to 39.5pc to 187 million Br. However, the…


Modjo Dry Port Boots Out Containers Overstaying Welcome

Over 390 containers have been confiscated at Modjo Dry Port during the first quarter of the fiscal year for being left in the dry port for over 180 days. Containers…


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