Tourism Gears Up to Mitigate Effects of Unrest


The Addis Abeba Hotel Trade Sectoral Association (AHA) and Ethiopian Tourism Organization have announced that they will partner to use new methods to minimize the effect of the state of…


CBE Earns Record Profit

The Commercial Bank of Ethiopia (CBE) reports a gross profit of four billion birr in the first quarter of the current fiscal year, with total revenues of 7.7 billion Br.…


International Commodities Conference Held in Addis

The Sixth International Conference on Pulses, Oilseeds and Spices was conducted on November 16 and 17 at the Intercontinental Hotel in Addis Ababa. Participants came from all over the world,…


Corporation Cancels Two Sugar Factories

The Sugar Corporation has discarded plans to build two sugar factories from the promised list of ten. The initial plan was to construct five factories under the Kuraz sugar project…


In Midst of new HQ, United Bank Makes Profit

United Bank S.C presented its annual report to its shareholders at the Hilton Addis Hotel on November 17. The bank’s total paid up capital reached 1.25 million Br this fiscal…


Capital, Profit Rise at Enat in mass

Enat Bank S.C has registered a 79 million Br profit after tax, showing a 59pc increase from the preceding fiscal year. In line with this, the bank has also expanded…


Oromia Insurance Faces Decline

Oromia Insurance Company S.C. has shown a significant decline in its net profits from the previous fiscal year, shrinking by 38pc to 33.4 million Br. The same trend was reflected…


FREE INFORMATION

This is an example of a new type of map that is planted all over the city. This is near Addis Hilton and shows detailed information of the capital to…


THE CONSEQUENCE

Such accidents happen in Addis Abeba often. This is the scene at the Tilahun Gessesse roundabout AKA Meshualekya near St. Joseph School on a Sunday morning. It happened overnight as…


HOME

Homelessness is a major concern to Ethiopia. Homeless people are finding refugee inside a cement hole before a construction begins. In the Ayer Tena area, dwellers are resting temporary before…


Wegagen Bank Overtakes Dashen in Paid Up Capital

Wegagen Bank has recorded a high rise in its paid up capital at 1.7 billion Br. This is remarkably high compared to last year’s 1.4 billion Br. However, its share…


Tsehay Insurance Posts Robust Profit

Tsehay Insurance S.C. released its annual report last week and showed an increase of its profit after tax by 22pc to 14.14 million Br. Its expenses have increased to 22…


Ministry to collect citizen’s views

The Ministry of Urban Development and Housing held a meeting on November 8 to discuss the newly released manual on customer satisfaction measurements, as well as the results of an…


Anchor Milk Signs Agreement with Milk Suppliers

New Zealand Milk Products Ethiopia, the producer of Anchor Fortified Milk Drink, has signed a Memorandum of Understanding with the Ethiopian Milk Suppliers Association to set up milk collection shed…


Abay With 44 M Br Profit

Abay Insurance S.C. has reported a 44 million Br profit after tax. This is a 52pc increase from last year’s profit of 29 million Br. However, its earnings per 25,000…


Export Earning Sees 46M Br Decline

Ethiopia earned over 640 million dollars from exports during the first quarter of 2016, a decline of  6.7pc or 46 million Br from last year. Authorities claim that this was…


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...


Editors Pick










MEMBERS' LOGIN


ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Subscribe to our Newsletter

* indicates required

Verbatim, News Analyis, Lifestyle, Radar and...






Photo Gallery