ERA OF POPULAR POLITICS HERALDS IN TRAGEDY


Saturday was a historical day. It started with throngs of people chanting and jogging their way to Mesqel Square for a support rally for Prime Minister Abiy Ahmed (PhD). The jubilance by the crowd was matched with scenes...


Police Commission Gets Another Head in Three Months


Federal Police Commission sees another reshuffle in three months with Zeynu Jemal as its new Commissioner General, replacing Yared Zerihun. Yared, the short serving commissioner, has resigned recently stating personal...


Solidarity Rally Triggers T-Shirt Market Boom


Seifu Assefa, 53, a minibus taxi owner, was one of the residents in the capital keen to march in a rally organised to support the recently appointed Prime Minister Abiy Ahmed (PhD). The rally held yesterday was orches...


Overseas Contractors Vie to Revamp City’s River Banks


Seven companies showed interest to refurbish the citywide riverside landscaping and recreational project along the Bantyketu River in Addis Abeba that extends from Urma Garage south to Afincho Ber in the north. The proje...


Controversial Liquor Factory Fetches Apical Offer


The state liquor manufacture, National Alcohol & Liquor Factory (NALF), has received one of the highest offers in the government's recent attempt at privatising the company. Lominat Beverage Plc, a local company w...


Websprix Pioneers Television Service Via Internet


Websprix Plc, a local information technology solutions company, launched the first Internet Protocol Television (IPTV), a system that delivers television content using the internet. The company, which is also a pionee...


Trademark Dispute Remains Uncertain Yet


The trademark proprietorship saga, which has lingered over the past four years, continues as the lawyer for Six Continents Hotel, the entity denied to get a copy of a judgment document, has lodged another complaint with...


Musician Assumes Post to Lead Tourism Organisation


The Ethiopian Tourism Organization (ETO) has finally acquired a musician as its new Deputy Chief Executive Officer after a series of controversies. Sertse Feresebehat, a 36-year old musician, was appointed as Deputy CEO...


Education Quality Gets a Guardian


Global Partnership for Education (GPE), a project under the World Bank, had promised to pledge 100 million dollars to join hands in an effort to improve the quality of education in the country, which has been of concern,...


Coop-Bank Doubles ATM, PoS Terminals


Cooperative Bank of Oromia (CBO), registered in 2004 with an authorised capital of 300 million Br, has contracted Moti Engineering Plc for 26 million Br to double its automated teller machines (ATM) and point of sales (P...


Teachers Association Stirs to Erect HQs


One of the professional associations in Addis Abeba is planning to build a nine-storey multi-purpose building for 200 million Br. The building will be located in the Kirkos District. Addis Ababa Teachers Association,...


$3 Billion, Laughter


Prime Minister Abiy Ahmed (PhD) recieved his first reciprocal state visit on Friday, June 15, 2018, from Mohammad bin Zayed Al Nahyan, the crown prince of the United Arab Emirates (UAE). Abiy welcomed the Crown Prince...


Yinager, Bekalu Top in the List to Head the NBE


Prime Minister Abiy Ahmed (PhD) is expected to name a Governor and Deputy Governor in the next few days, replacing Teklewold Atnafu, the longest serving governor of the National Bank of Ethiopia (NBE), according to peopl...


Food, Medicine Authority to Decentralise for Efficiency


The government ponders to re-establish the federal authority, which regulates foods and health-related institutions and professionals, to tune its focus on regulating products leaving health centres and professionals to...


Tragic Bank Heist Contrived by Guard with a Knife, Vitz Fails


Abebaw Bekele, who has been working as a security guard at the Bank of Abyssinia’s (BoA) Tele Medhanialem Branch for the past couple of months, has been telling his colleagues that he won a 60,000 Br tombola lottery.


Australian Firm Seals Deal to Design, Supervise 3b Br Oil Terminal


An Australian based consultancy firm has bagged a quarter of a billion Birr deal to design and supervise the construction of the nation's largest oil terminal in Dukem, Oromia Regional State worth three billion Birr. The...


City Administration Ends Elevator Procurement Saga


Addis Abeba City Administration has resolved the elevator procurement saga, which has been lingering for the past three years, cancelling the bid and transferring the mandate to the city procurement agency. For the pa...


Parking Fee in the Capital to See Major Increase


A new study, conducted by the Addis Abeba Road Transport Bureau, has proposed parking fee increments of 10 to 50 Br at prime locations. The strategic plan, which aimed at ensuring a proper parking management system, w...


StarTimes Joins Pay Tv Market, Gives DStv Competition


The Chinese multinational company, StarTimes, begun direct paid broadcast satellite service, making it the other player in the market besides DStv. Bridgetech Broadcasting & Media Plc, the local exclusive agent of...


Malting Factory Brews at Industrial Park


Ethiopia is going to get the fourth malt processing plant, to be built by Malteries Soufflet Group Company with 50 million dollars in Bole Lemi Industrial Park. The processing plant will lie on 10,000sqm and will have a...


Container Traffic at Djibouti Port Waves by 25.8pc


The container traffic at Djibouti`s Doraleh Container Terminal (DCT) has seen a swell of 25.8pc, following the takeover of the new managing company, according to Djibouti Ports & Freezone Authority (DPFZA). Follow...


Austere Budget


It is that time of the year when the Minister of Finance & Economic Cooperation - Abraham Teksete (PhD) in this case - appears before Parliament to table the budget bill for the upcoming fiscal year to the federal go...


Keangnam Lands Partial Relief of Taxes for Reentry 


Keangnam Enterprise Limited, a Korean construction firm that had requested the government to be relieved of 75.6 million Br of unpaid taxes has finally agreed to pay the due amount in instalment payments. The company,...


Authority Awards 13b Br Road Projects


Out of the nine road projects the Ethiopian Roads Authority (ERA) awarded to eight companies late last week, a Chinese firm made the highest offer to construct a 68.8Km alternative road for Limalimo. Beijing Urban Con...


Regional Broadcaster Gets Media Complex for 1.45b Br


Oromia Broadcasting Network (OBN), the regional broadcaster of the Oromia Regional State, is soon to acquire a modern media complex for 1.45 billion Br in Addis Abeba. Elilly Hotel, located off Joseph Tito Street, was...


Inflation Lies Dormant, Despite Supply Shortage


The latest consumer price index from the Central Statistical Agency (CSA) reports that the headline inflation for May stands at 13.7pc, similar to the previous month, despite harsh economic situations in the country.


Companies Ally to Manufacture Aluminium Pipe


The first aluminium pipe factory in Ethiopia, a joint venture of Rifeng Ethiopia and Rifeng China, is set to be constructed in Debre Birhan, Amhara Regional State with a total investment of 380 million Br. To rest on...


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The shortage of forex can be felt more severely than before, and even t...


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The speed at which Abiy Ahmed (PhD), chairman of th...


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