Industrial park developments have been the talk of the town for the past two years. Their impact on the economy, the aspiration of the country to be a leading industrial hub in Africa and job creation, especially to the...

In a letter written to the Ethiopian Industrial Inputs Development Enterprise (EIIDE) two weeks ago, the Ministry of Trade (MoT) gave the full mandate to EIIDE to be the sole distributor of salt that is used as industria...

The government is considering major reforms in the logistics sector in a bid to solve bottlenecks in the industrialisation and export sectors, disclosed Arkebe Oqubay (PhD), special advisor to Prime Minister, Hailemariam...

After a long saga, the Ministry of Construction (MoC) has finally rented a 15-storey building office and is planning to move to the new office in three weeks. The move has caused its rental fees to snowball, with three t...

In a bid to clear its two decades of audit irregularities, the Addis Ababa University (AAU), the oldest and biggest university in the country, has hired Merit Management Consultancy, a local auditing company, with a cost...

The Federal High Court sentenced Simachew Kebede, the major shareholder of DH Simex Plc which also owns Intercontinental Addis Hotel, to six years of imprisonment for the tax evasion crimes he was accused of. This was ru...

Six weeks after removing its four long-serving vice presidents, the Development Bank of Ethiopia (DBE) has introduced another major reform at the levels of directorates and branches. Two weeks ago, in a letter announc...

The Addis Ababa Health Bureau (AAHB) has announced that it completed the design of three new hospitals in three districts that will cost 3.6 billion Br. The projects will be fully funded by the Addis Ababa City Administr...

The Oromia Regional State has started an effort to open Bekelcha Tomato & Mango Processing Factory S.C., a new agro-processing company that produces tomato and mango juice, in Neqemte, 318km away from Addis Abeba, wi...

Global Insurance S.C. is to construct a new headquarters near Getu Commercial Centre (GCC), along Africa Avenue, in Bole District. The company has leased 1,500sqm of land from an investor with a cost of 25,000 Br per squ...

Ambassador Garment & Trade Plc is to partner with JUKI Singapore Pte Ltd and Macpi Group (HK) Ltd, two global garment industry machinery suppliers, for the supply of machinery with the agreement to be signed a...

Judges at the Federal High Court have sentenced today Simachew Kebede, a prominent businessman, to six years, after founding him guilty of failure to file on value-added and corporate taxes. A major shareholder of DH S...

Eighteen globally popular textile and apparel companies are to launch production in the first phase of the Hawassa Industrial Park (HIP), scheduled to be inaugurated in the presence of Prime Minister Hailemariam Desalegn...

With the reservation over the tax collection performance of the country, the Ministry of Finance & Economic Cooperation (MoFEC) has allocated a 320.8 billion Br budget for the coming fiscal year. Out of the total bud...

The Office of the Attorney General has rejected the bill of the Ethiopian Coffee & Tea Development & Marketing Authority establishment, which mainly paralyses the Ethiopia Commodity Exchange (ECX) and entirely re...

The Ministry of Public Enterprises (MoPE) and Horizon Plantations Plc, a MIDROC Group affiliate, finally redeemed the auctioning of Horizon's properties for failing to settle 1.4 billion Br due to be paid, after sealing...

The Office of the Attorney General compiled and consolidated all proclamations and directives that were proclaimed since 1942, during the regime of Emperor Haile Selassie I. The process restarted two years ago followi...