Hiber Sugar’s Troubles Strike a Sour Note



Hiber Sugar, a share company created in 2009 to help meet the sugar demand in Ethiopia, has still not produced a kilo of sugar and is facing demands from angry shareholders who feel its latest plan to buy government-owne...


Success as Ethiopia Downsizes Drought Figures


The Humanitarian Requirement Document jointly released by the Ethiopian government and its humanitarian partners has revealed some good news for the effort to contain the effects of the drought in some parts of the count...


A New Bill to Control Alcohol, Tobacco


A new bill that prohibits alcohol producers, importers and distributors to directly or indirectly sponsor any public holidays, trade fairs as well as any events is being introduced by the Federal Food, Medicines & He...


Civil Service Salary Hike on the Cards


Ethiopia’s 1.4 million civil servants will receive salary increments this year after Parliament approved an 18.2 billion Br supplementary budget. About half of the budget will be used to increase civil service salaries...


Largest Paper Mill Rolling In


Yekatit Pulp and Paper and China Engineering Corporation (CEC) have signed an agreement to establish what will be the biggest pulp and paper mill in Ethiopia, it will cost close to two billion Birr. The mill will be l...


New Industrial Parks Take Shape


A group of Chinese companies have signed an agreement to band together and build industrial parks at a cost of ten billion Birr. The companies, CGC Overseas Construction Group (CGCOC) China Contraction Group China Com...


Not a Nice Year for NICE


National Insurance Company of Ethiopia S.C (NICE) has suffered a decline in both profits and its market share despite a growth in premium production. NICE’s board of directors disclosed at the company’s annual mee...


Abay Bucks Trend as Profits Soars


Abay has posted a 146.5 million Br net profit under tight liquidity conditions. The Bank has been reporting a positive profit growth over the past five years. The current year’s profit is six times higher than 2011/...


Dalol Floats 22m Br Shares to Unidentified Investor


Dalol Oil S.C., one of the local private oil companies, is currently negotiating with unidentified investor to sell 22 million Br worth of shares having a par value of 1,000 Br in its bid to recapitalize itself amidst to...


Billions in Commodities Traded, Reveals ECX


The Ethiopian Commodity Exchange (ECX) traded over 10 billion Br in the first six months of the current fiscal year.   In the same period, the exchange reached 96pc of its target in trade volume and 94pc in trade value...


Road Building Boom Continues


The latest six-month report released by the Ethiopian Roads Authority (ERA) revealed that it spent over nine billion Birr to construct roads in the past six months. This accounts for close to one-fifth of the budget allo...


Discoursing “DISCOURSE”


Inspired by the American foreign policy journal, Foreign Affairs, the Ethiopian Foreign Relations Strategic Institute (EFRSSI) launched a quarterly policy magazine on Thursday, January 19, 2017, at the National Museum. S...


ABREAST!


The Mohammed Hussein Ali Al-Amoudi Stadium in Woldiya, in Amhara Regional State, was inaugurated on Saturday, January 14, 2017, in the presence of Prime Minister Hailemariam Desalegn (right) and Mohammed Al-Almoudi (Shei...


Prime Minister Hailemariam to be Guest of Honor at CEO Forum


Prime Minister Hailemariam Desalegn is to be the guest of honor at the Africa CEO Forum, which will be held in Geneva on March 20 and 21, 2017. Hailemariam will present the strategic points of his economic policies in...


Closed Beverage Bottlers Resume Operations


After almost ceasing operations for the past month, the Coca Cola, Ambo and Pepsi plants in Dire Dawa, Hawassa and Ambo have restarted operations with the permission of Ministry of Trade. The plants, owned by MOHA Sof...


Tiret to Take Over Textile Mills


The Prime Minister Office has given the order to Ministry of Public Enterprises (MoPE) to transfer Bahir Dar Textile S.C, and Kombolcha Textile S.C, to Tiret Corporate, an endowment company affiliated to the ruling party...


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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