Zemen Announces a Surge in Profits


Zemen Bank has reported increased profits of 203 million Br from 153 million Br in 2014/15. Earnings per 1,000 share (EPS) at Zemen Bank grew by 15pc to 367 Br.…


Ability

Many differently abled people have in the past lived sad lives of discrimination and lack of opportunity. Disability is certainly not “inability” for these fit and healthy basketball players at…


World Bank Pridicts Economic Growth Will Continue

In its fifth economic update for Ethiopia, the World Bank reported that the country’s growth will remain relatively steady in the coming years. The country has been growing at an…


HEALTH AND SAFETY

Scaffolding so makeshift and unprofessional that lives may be at risk. If corners are being cut in this way all over Addis we hope that these rapidly built structures are…


ROADS ARE FOR PEOPLE

At the Ring Road these pedestrians walk along a highway.The pedestrian overpass is a just too far away so pedestrians choose to walk. Rational planning is a sensible first step…


Shipping Line Gets New CEO

Yacob Yalla has been named the new CEO of the Ethiopian Shipping and Logistics Service Enterprise. Following the departure of Ahmed Tusa from the Enterprise earlier this month, the Enterprise…


Companies to Supply Electric Equipment

The Public Procurement & Property Disposal Service awarded six companies, a 36 million Br award to supply electric equipment. The award notification letter was sent to these companies after they…


Oromia Bank Shows a Marginal Growth

Oromia International Bank (OIB) registered a record profit of 248 million Br during the recently ended fiscal year. This profit is 12pc higher than profits in the 2014/15 fiscal year.…


New Ticketing Service For Cross Regional Bus Transit

Customers of cross regional transit buses are about to get a new system of payment and ticketing service, which became operational December 10, 2016. Kifya Financial Technology is the company…


American Chamber of Commerce Opens

The American Chamber of Commerce in Ethiopia (AmCham) was launched on, December 6 at the Sheraton Hotel Addis. The Chamber’ s statedmission is to facilitate closer ties between American and…


Ethiopia Remains One of the Fastest Growing Economies

The Ethiopian Planning Commission has declared that Ethiopia’s economy grew by eight percent last year. This comes seven months after the International Monetary Fund estimated the growth would not exceed…


Ethiopian Airport Enterprise Completes IT Integration

The Ethiopian Airport Enterprise (EAE) completed a 24 million Br project to automate its operations and services using the Software Application Product (SAP) and Enterprise Resource Planning systems. The work…


Tortoise Path

What a surprise! Inside the Exhibition Place compound in the capital, a tortoise emerges behind a parked automobile. This was certainly an extraordinary moment for these young men in what…


A Low Rainfall Brings Symptoms of New Drought

Drought is continuing to affect close to 9.7 million Ethiopians as the situation is made worse by flooding and outbreaks of disease. A below average rainfall in the south and…


Sugar Projects Hit a Sour Note

In the midst of the much talked about delays in the construction of sugar projects across the country, the Ethiopian Sugar Corporation has issued an international bid to hire a…


Human Glue

A couple of young men are used to glue all that is being transported on a Toyota Hilux pickup. The dangerous ride, spotted around the busy Meskel Square area, is…


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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