PM Scolds Businesses Over Tax, Corruption


Prime Minister Hailemariam Desalegn, in the latest consultative meeting between the government and private businesses, scolded the private sector mainly on the issue of corruption and taxes, which were talking points in...


Maersk Line Goes Offline


The largest container shipping company in the world, Maersk Line, has moved to a manual system to clear the bill of lading documents at the port of Djibouti, following the recent cyber-attack on the company’s database...


New Body Stems to Prop Up Sesame Market


A technical committee formed to conduct a study on Sesame value chain reform requested the office of Prime Minister for the establishment of an autonomous body to oversee the sesame market. This proposal is expected t...


Six Urban Towns to Get Power Upgrade


The Ethiopian Electric Utility (EEU) is to going to rehabilitate and upgrade electric power distribution lines in six regional towns with 1.7 billion Br financing from the World Bank's (WB) International Development Asso...


Norway Pledges Fresh Finance for Climate Resilience


The government of Norway has granted 1.74 billion Br for the implementation of Climate Resilience & Green Economy (CRGE) strategy, aiming at addressing and reducing the effects of climate change in the country. The g...


Gov’t Powers Enterprises with Huge Capitals


The Council of Ministers (CoM) approved regulations intended to adjust the authorised and paid-up capitals of four state-owned enterprises. Three companies had their capital raised while one had its reduced. The regul...


Adama Gets Pasta Processing Plant


Alvima Import, Export & Manufacturing plc has opened a new food processing plant which produces flour and pasta in Adama, 99km South West of Addis Abeba, with an overall investment of half a billion Birr. Upon rea...


Mugher on Risk of Shutdown Despite Production Upturn


Despite a boost in profit to 60 million Br during the recently ended fiscal year, Mugher Cement, the third biggest cement factory, is at the risk of closure due to the power disruption in its newly built cement grinding...


Commercial Bank Ready to Launch Agent Banking


The State owned giant, Commercial Bank of Ethiopia (CBE), is set to launch agent banking, CBE Birr, next month. It has already gotten approval from the National Bank of Ethiopia (NBE) to pilot the system. The move com...


Enterprise Finalises Two Airports’ Runway


The Ethiopian Airports Enterprise (EAE), which recently merged with Ethiopian Airlines, has completed the construction of Shire and Jinka airport runways with a cost of 971 million Br, raising the number of operational a...


Airports Enterprise Further Bound to Airline


A new circular letter signed by the chief executive officer (CEO) of the newly established Ethiopian Airlines Group, Tewolde Gebremariam, has put restrictions on the management of the Ethiopian Airports Enterprise (EAE)...


Alarm as Drought Kills Two Million Livestock


Drought victims continue to live in fear and uncertainty as the recent severe drought has killed two million livestock so far, according to a report of the Food & Agriculture Organization (FAO) of the United Nations.


Commercial Farmers Cherish Return of Farms


Following the order from the Office of the Prime Minister, Gambella Regional State has started returning the farmlands of 186 commercial farmers who were evicted from their leased properties after being accused of underu...


Book of Coffee


Sani Redi (left), director general of the Ethiopian Coffee & Tea Market Development Authority, attended the launch of Yilma Yemane's book 'A Guide to Coffee Production in Ethiopia' at Sheraton Addis Hotel on August 1...


United Edges Closer to Redesign Mang’t Strategy


United Bank S.C. is left with KPMG Management Consulting after the withdrawal of Deloitte Consulting Plc in a bid for the redesigning of its management strategy, which will likely cost the Bank at least 600,000 dollars.


Corruption Arrests Take Dozens by Storm


The number of individuals arrested in relation to the recent high-level corruption case has reached 55 after the recent arrest of Samson Wondimu, communications director of the Ethiopian Roads Authority (ERA), on August...


New Law Surfaces to Sustain Fertiliser Import Monopoly


The Ministry of Agriculture & Natural Resources (MoANR) has finalised a draft directive that will gear up the monopoly of the fertiliser import process. The new directive will also let the Ministry procure fertiliser...


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There is a growing anxiety at the top tier of the A...


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Private Banks in Ethiopia are at the grassroots level compared to inter...


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View From Arada

Tesfaye Sahlu, commonly known as Ababa Tesfaye, the iconic star of a ca...


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