Frosty Days


In the midst of new populist governments taking charge in the world and beginning to deny the existence of climate change, locals are facing the reality first hand. But not…


Nyala Posts Drop in Profit

Nyala Insurance S.C registered a gross profit of 77 million Br for the recently ended fiscal year, 24.2pc lower than the preceding fiscal year. The latest performance didn’t include an…


Ethiopia to Host Africa Business Forum

The fifth Africa Business Forum will be held in Addis Abeba, which will be hosting the event for the second time. The forum will take place on March 1, 2017…


Holiday Delicacy

An entrepreneur carrying many live chicken is attempting to sell them on the fly. As some of these chickens are falling, in the midst of a public holiday, chickens represent…


Bank Officers Accused of Massive Theft

The Federal Police Commission has charged two individuals for allegedly embezzling 267 million Br from the Cooperative Bank of Oromia (CBO). The suspects, Samuel Demessa and Belete Waqbeka, were working…


Fond Farewells to Bank Pioneers

The National Bank of Ethiopia hosted a send-off in honor of Fantaye Biftu and Newaye Kirstos Gebreab at Hilton Addis. Both served as board chairpersons of the bank. At the…


Immaculate Bole

In the immaculate and affluent area of the capital, Bole, a number of city employees are helping clean Africa Avenue. This is an early morning scene, near the Bole International…


Innovative Startup Launches

Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition.Use the bank detail below or call our office…


Coffee Traders Charged with Illegal Sales

The Anti-Corruption Commission has brought charges against two individuals working at the Ethiopian Coffee and Tea Trade Authority, for selling coffee to 56 illegal coffee exporters from 2008 to 2015.…


Hidasie Shines With 85M Br Profit

Hidasie Telecom Share Company declared a net profit of 86.5 million Br for the recently ended fiscal year. Established five years ago, the company is engaged in the distribution of…


Ministry Under Scrutiny

The Ministry of Industry presented its annual audit report before the parliamentary, showing that the ministry had 163 million Br in debts. “The problem has already been solved,” said Minister…


SKYSCRAPER PARKING

In the midst of parking shortages in the capital, there is to be a new tall building exclusively reserved for cars. This building is being built within the Zefmesh Mall…


OPEN ART

On a busy street in Bole, an artist displays artworks for all to enjoy and appreciate. He also hopes to make a sale. The landscape and portrait paintings have been…


Ethiopian Maps Digitalized

The Ethiopian Mapping Agency has fully digitized its mapping and documentation system. The system cost 13 million Br. The system will digitalize copies of maps that have been physically stored…


Inflation Held Below 7pc

Ethiopia’s inflation rate fell to 6.7pc last month as consumers paid less for food items, according to a report released last Thursday by the Central Statistical Agency. The rate is…


Former Dashen Bank President Moves to Nile

Lulseged Teferi, the former president of Dashen Bank has been appointed to a new position at Nile Insurance Company S.C (NIC). He took post as a Special Advisor to the…


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...


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