Muferiat Kamil (left), a newly appointed head of the newly established Ministry of Peace, which will oversee the Information Network Security Agency and the National Intelligence & Security Service among six other fe...

The state-owned military-industrial conglomerate, Metals & Engineering Corporation (MetEC), has lost another contract,  Yayu Multi-Complex Industries. This is the latest mega project terminated by government action.

In a bid to ensure transparency, the government has introduced a new system that compels public institutions to submit quarterly reports of tax holidays and incentives they grant investors. The Ethiopian Investment Co...

The new cabinet composition of Prime Minister Abiy Ahmed`s (PhD) administration, formed based on gender equity and competence, brought in 10 new faces to ministerial posts. The new cabinet also brought in 10 women to...

Justices at the Cassation Bench of the Supreme Court closed a five-year court battle between former business partners over machinery ownership, awarding Yonas Kassahun three pieces of construction equipment valued at 106...

Parliament has undergone a thorough digitisation process in a bid to expedite the execution of its responsibilities and to bring about transparency at a cost of seven million Birr. It took three months to complete the...

The Federal Housing Corporation is reviewing its structure on how to accommodate employees from the now dissolved Building Materials Supply Enterprise. The restructuring is expected to be completed in the coming 10 days,...

Nib Insurance hired China Communications Construction Company (CCCC) to construct its head office. The agreement will cost the 16-year-old private insurance firm 812 million Br after a negotiated discount of one perce...

Cooperatives across the country will soon get grain silos to be constructed at a cost of 22.4 million Br. Four regional states will see 25 silos constructed between them by the Federal Cooperative Agency, owner and coord...

Mogle Bottled Water Manufacturing, bottler of One Water, is set to triple its production capacity and manufacture plastic bottles and caps. The expansion will enable the company to bottle 96,000 bottles of water an ho...

Ethiopia is soon to ban the import of lead-based paints containing more than the maximum allowable lead content. The Council of Ministers has approved a regulation drafted by the Ministry of Environment, Forest &...

Italy`s leftist leader, Giuseppe Conte, was received in Addis Abeba last week by Prime Minister Abiy Ahmed (PhD) and his senior ministers at the start of Conte`s two-day visit here and a stopover in Asmera on his way bac...

A Legislation is making its way through the Council of Ministers (CoM) that would regulate the use of nuclear energy in Ethiopia. It would also re-establish the existing Ethiopian Radiation Protection Authority as the...

Metals & Engineering Corporation (MetEC), the state-owned military-industrial conglomerate, is changing its name to National Industrial Engineering Corporation, and narrowing down its activities to the manufacturing...

Phase one construction work on the development of the Berbera Multi-Purpose Port has started with a ground-breaking ceremony held in Hargeisa without the presence of delegates from Ethiopia, which owns one fifth stake in...

Effective September 27, 2018, importers of solar energy appliances are no longer subject to quality assessment processes and invoice guarantee payments. The Ministry of Trade exempted importers from payments made to o...

The completion period for the stalled headquarters building of the Ethiopian Shipping & Logistics Services Enterprise has been extended for an additional six months. The Enterprise and contractor Tekleberhan Ambay...

Two local companies and partnership with one foreign firm have been recruited to build a 98.8-million-Br data centre facility and to install network and security systems for the newly built headquarters of Wegagen Bank.

Two international investors and one local company have teamed up to develop high-end real estate in the capital. Rockstone Real Estate, a German real estate company, in partnership with Schulze Global Investments (SGI...

Member states of the Intergovernmental Authority on Development (IGAD) are set to form a regional labour union in Addis Abeba at the end of this month. The idea of establishing a regional union was tabled a decade ago...

Employers in the transport industry have formed, the Ethiopian Transporter Employers Federation, during a ceremony held at Capital Hotel & Spa last August. The Federation aims to modernise the nation’s transport...

Oromia Water, Mineral & Energy Bureau terminated the exploration and extraction concessions of 84 mine developers and operators in mid-September. The firms were unable to execute their duties, failed to pay royalt...

When Hawassa, capital of a Southern regional state, hosted the 11th congress of the ruling EPRDF last week for the third time in the post-Dergue era, none of its 20 founding members of the executive committee were in att...

Though the International Monetary Fund indicated that inflation could remain a source of macroeconomic risk this fiscal year, the government has reported that the rate dropped to 12pc in September 2018. The latest con...

Kifle Horo, former head of the Grand Ethiopian Renaissance Dam, has been named the new chief engineer of the project, replacing the position held by the deceased Simegnew Bekele. Ethiopian Electric Power, the owner of...

The government announced that the first talent youth academy for tech-savvy, math and science enthusiasts will be established in Burayu town, Oromia Regional State. The 1.1-billion-Br academy will occupy 7.2ht of land a...

Three local software companies are competing for a bid to supply, install and commission plagiarism checking software at the oldest university, which has faced problems with duplication of research work on final theses.