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 with natural calamity and disasters. Perhaps fo...


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 estimated profit of 10 million...


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 at the Sheraton Addis Hotel. The conference will present an opp...


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 a local delicacy (Doro Wot) of a holiday seaso...


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 at the bank in th...


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 ceremony, the bank presented both men with ce...


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 Airport. The City administration has been...


Innovative Startup Launches


After launching a new agricultural commodities exchange in Ethiopia, economist Eleni Gabre-Medhin (PhD) has unveiled her latest project via her new enterprise, blueMoon Ethiopia. It is called Addis Garage and it was laun...


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. This act has depriv...


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 telecom products through over 800 ou...


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 of Industry Ahmed Abite...


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 in the Megenagna area. While paid parking spaces ar...


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 laid out to catch the eye of an arts lovers and hopefull...


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 at the agency and will redu...


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 down from 7pc in November. The coun...


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 board of directors in December 2016. The 69 year old...


Editorial

The news that the Administration of Prime Minister Hailemariam Desalegn...


Agenda

Ashenafi Beza has been in the business of renting out construction mach...


Fineline

The manner in which the current leadership of the O...


Commentary

With the rush to develop Ethiopia and make the country one among middle...


Viewpoint

A recent World Bank report entitled, “Why So Idle? Wages and Emp...


Opinion

The dark specter of evil (the begetter of war) smiles upon this earth,...


View From Arada

When people travel to a new city or town, they might notice the transpo...


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