Regulators at the National Bank of Ethiopia (NBE) have approved the appointment of Mulugeta Alemayehu, former vice president of the state owned Commercial Bank of Ethiopia (CBE) as the new President of Bunna Bank, as of...

In keeping with a long line of opposition parties returning home, the leadership of the Oromo Liberation Front (OLF) touched ground in Addis Abeba on Saturday, September 15, 2018. Led by its Chairman, Dawud Ibsa, the...

Ethiopia hosted the 33rd extraordinary summit of the Intergovernmental Authority on Development (IGAD) on Wednesday, September 12, 2018. It was attended by the heads of state of Djibouti, Uganda, South Sudan, Sudan, Soma...

Following the normalisation of Ethio-Eritrean relations and reopening of the border, business activities at the boundary towns are flourishing after two decades of standoff. Major trading activities have been taking p...

The Ministry of Science & Technology has successfully launched its first drone, carrying cargo weighing five kilograms and flying at 5,000m altitude. The Ministry invested four million Birr in the pilot project, p...

The Ministry of Science & Technology is planning to initiate manufacturing of medical equipment in six months and a national steering committee has been formed to implement the plan. The goal is to save the two bi...

The Addis Abeba City Administration plans to invest over 10 billion Br for a new exhibition and convention centre to be built in the heart of the capital. The Convention Centre will occupy nearly 10ha of land encompas...

Amid shortages of wheat supply in the market, the government is spending 1.37 billion Br to procure 155,000tns of wheat. The wheat was tendered under two schemes by the Public Procurement & Property Disposal Servi...

The Addis Ababa City Administration Culture & Tourism Bureau is pondering switching the location of its planned central library from the current location in Yeka District to a new location in Arada District. The c...

The city administration invested close to five million Birr to redesign the uniforms of 4,100 law enforcement officers to combat crimes committed by individuals donning similar uniforms to the ones worn by officers. T...

The dispute between DP World and the government of Djibouti is heating up following the recent move by the East African nation to take direct control of the disputed Doraleh Container Terminal (DCT) by nationalising the...

Noah Real Estate Plc, a sister company of Great Abyssinia Plc, is planning to deliver 120 homes for a total cost 200 million Br to owners on Sunday, September 16, 2018. The seven-storey residential complexes, Noah Eas...

The nation is gearing up to adopt a new 10-year master plan for sustainable forest management. The draft master plan, National Forest Sector Development Program, is developed by the Ministry of Environment, Forest &am...

Rophnan Nuri, Rophy, was only 16 when he started producing music, literally six years after his first performance before his classmates. The ninth child of a family of 10, he has gone through a career path as a DJ, compo...

The artist Tewdros Kasahun, or Teddy Afro to his fans, and Joyous Event & Promotion, producers of his last Album 'Ethiopia', are embroiled in a tense dispute following an alleged breach of contract by the popular sin...

Justices at the Federal Supreme Court closed the fierce battle that raged between May Real Estate Development Plc and its 24 home buyers, ordering the may real estate to deliver title deeds to the home buyers. The fiv...

A new autonomous tax commission, given authority to hear grievances and appeals from businesses, has begun operations. The Tax Appellate Commission takes over the duties from the dissolved tax council under the Office...

The Addis Abeba City Road Traffic Management Agency is set to upgrade accident-prone roads by installing and maintaining traffic lights, safety devices, signage and marking at a cost of 220 million Br. The installatio...

Three companies are competing to supply 50 automated teller machines (ATM) to one of the new entrants to private banking, Bunna International Bank. The procurement, tendered last June, is expected to cost the bank over 1...

Headline inflation, an indicator of the cost of living, dipped to an annual rate of 13.4pc last month, according to the latest report from the Central Statistical Agency. In August, food inflation stood at 16pc, showi...

Twelve local contractors and consulting firms completed deals to construct, design and supervise 26.4Km of new asphalt and gravel roads for 1.3 billion Br. The Addis Abeba City Road Authority awarded the contracts las...

Heineken Ethiopia is set to increase its production capacity by a third of its previous output. The new 126 million euro expansion that took 14 months, involved 1,500 people at its Qilinto plant. The brewer's expansio...

President Mulatu Teshome (PhD) (centre) visited the Gergesenon Association for Supporting Peoples with Mental Disorder, a charity located in Entoto, Addis Abeba last Friday. He was joined by veteran actor Debebe Eshetu (...

The Metals & Engineering Corporation (MetEC), the state-owned, military-industrial conglomerate, is splitting into two parts - commercial and defence - following an order by Prime Minister Abiy Ahmed (PhD). To fac...

The Ministry of Mines, Petroleum & Natural Gas is set to undergo a major reform by restructuring itself and introducing new policies in a bid to alleviate challenges in the industry and improve the efficiencies of it...

Bunna Bank, one of the late entrants to the private commercial bank industry, is set to introduce three new services, upgrade its servers and install new switches for a total investment of 100 million Br. Mobile, intern...

The government dismissed Metals & Engineering Corporation (MetEC) from three sugar-factory construction projects that are underway and is considering awarding the work to Chinese firms for completion. The state ow...