NEWS ALERT: OPDO Becomes a Party

Ex-CBE Executive Takes Helm at Bunna Bank


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...


Show of Force


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...


DONE DEAL


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...


Ethio-Eritrean Border Re-opening Fuels Trade


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...


Nation’s First Drone Soars High


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...


Ministry Fast-tracks Manufacture of Medical Equipment


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...


New 10b Br Convention Centre to Rise in Addis


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...


Two Firms Place Lowest Offers to Supply Nation With Wheat


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...


Tourism Bureau to Switch New Library Location


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...


City Code Enforcement Officers to Don New Uniforms


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...


Djibouti’s Takeover on Doraleh Fans Flames of Dispute with DP World


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 to Deliver 120 Homes Costing 200m Br


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...


Ministry to Seed New Forestry Roadmap


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: Roots with Rare Genre


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...


Teddy Afro, Joyous Event in a Fray


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...


Home Buyers Leverage Favorable Ruling


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...


Tax Appellate Commission Goes Operational


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...


Agency to Upgrade Accident Prone Roads for 220m Br


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 Firms Vie to Supply Bunna with ATMs


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...


Cost of Living Slightly Falls in August


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...


Local Firms Seal Deal Worth 1.3b Br


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 Expands Qilinto Plant, Lifting Production by Third


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...


In concert for a Cause


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 (...


MetEC Undergoes Two-way Split


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...


Ministry Ponders Reforms to Overcome Downturn


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 Advances with New, Upgraded Electronic Services


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...


Gov’t Opens Bidding for Stalled Sugar Projects


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...


Editorial

It was refreshing to see Berhanu Nega (Prof.), leader of an opposition...


Agenda

Ethiopia’s high potential to deliver animal skins to local and intern...


Fineline

The Revolutionary Democrats concluded their council...


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Commentary

A country needs to develop effective methods of evaluating projects and...


Viewpoint

When we take a step back, we can see clearly how to advance. Change age...


Opinion

There seems to be an improvement on the macroeconomic side. The Ethiopi...


View From Arada

Following the olive branch afforded opposition parties by the ruling co...






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