Over 3,000 Houses Slated For Demolition in Yeka District



Yeka District is awaiting the approval of the 10th Master Plan for Addis Abeba to knock down 3,221 residential houses that were built before April 2005. The residential houses, which will be demolished for redevelopment,...


Only 14pc of Roads Safe for Pedestrians: Report


Out of 114 km of road networks in Addis Abeba, only 14pc are safe for pedestrians, according to a road safety status report released on March 9, 2017. The report, which was produced jointly by John Hopkins University,...


Leading the Way


Ellen Johnson Sirleaf, president of Liberia and the first female Head of State in the continent, paid an official four-day visit to the country this week. The President and Prime Minister Hailemariam Desalegn met at the...


Hilton Addis Up for Sale


Hilton Addis, Ethiopia’s first, and for a long time only, international hotel franchise, will be up for privatisation in no less than three years when the existing management contract comes to an end, sources disclosed...


Awash Sweeps with 20,000 Br Bid


Awash Bank’s share value has soared to new heights, with the highest offer of 20,137 Br for a single share, as the Bank's share auction comes to a close. The offer was made during the third round of bidding that was he...


Zemen Share Auction Attracts ‘Sensible’ Bids


Zemen Bank completed sales of its shares returned by foreign nationals of Ethiopian origin on Saturday March 3rd, with three rounds of share auctions. The highest price offered in the auction was 1,550 Br. Zemen’s shar...


CBE Fails to Sell Another Textile Factory


The Ministry of Public Enterprises has issued an official letter to the Commercial Bank of Ethiopia (CBE) in an effort to take back its remaining shares from Selendawa Textile Factory. This came after CBE, the project...


Major IT Player Announces 480m Br Expansion


CNET Software Technologies Plc launched a software development, integration, cloud computing and research center at the ICT Village in Bole Lemi with a total investment of 480 million Br. The venture was officially ki...


Bunna Insurance Recovers from Losses for the First Time


Bunna Insurance’s net profits have climbed to one million Br of positive profits, as the firm recoverd from its 10 million Br loss a year earlier. Bunna reported the profit after operating in losses for the past three...


Africa Insurance Posts Lukewarm Performance


Africa Insurance Company (AIC) has registered stagnant profits for the recently ended fiscal year, 37.8 million Br. This profit was reported in a year where about 10 of private insurers had declining profits and sharehol...


Dashen Brewery Donates to Stadium


Dashen Brewery S.C has given 50 million Br for Bahir Dar International Stadium, which is going to be used to buy modern seating. The money was given to the regional state Youth & Sports Affairs Bureau. The donatio...


Grandiose Opening


The Ramada Addis, a new 136-room luxury hotel on Africa Avenue (Bole Road), was officially inaugurated with a marching band and fanfare on February 24, 2017, following its completion and test run which began in July 2016...


Farmers Cry foul over DBE’s New Loan Procedure


The Development Bank of Ethiopia (DBE) has introduced a new loan procedure to finance the commercial farm sector, which has seen many ups and downs in recent months. The move came three weeks after the state-owned Bank r...


Wired Schools Plan Get Second Wind


The winner of a bid to provide and install networking systems in 300 schools and 10 universities was announced in an award letter this week by the Ministry of Education. A company called Anhui Telecommunications Engineer...


Census Tablets Back Up for Bid


The Central Statistical Agency (CSA) has cancelled a tender for tablets for use during the National Census. The cancellation came after the bidders in the initial tender voiced their concerns about one of the specificati...


Government Donates to Somaliland Amidst Drought


The Government of Ethiopia has announced a donation of 15 million Br worth of food aid to the government of Somaliland, a self-declared state internationally recognised as an autonomous region of Somalia. The donation co...


Editorial

Last week saw a series of events where the political bigwigs from the f...


Agenda

The cement industry in Ethiopia, although still largely untapped, is se...


Fineline

It is unusual for a federal agency to get estranged...


Commentary

Recently, the National Bank of Ethiopia (NBE) had announced the mandato...


Viewpoint

Neglected Tropical Diseases (NTDs) disproportionately affect women and...


Opinion

Until very recently, Turkey was a proudly democratic Middle Eastern cou...


View From Arada

We often underestimate the importance of time managiment. Especially in...


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