Addis Gets New Manager


The city of Addis Abeba gets the former head of Addis Abeba Water & Sewerage Authority as its manager, replacing Haile Fissiha who has been in that position since 2010. Awoke Hailemariam assumed his position last...


Defective Construction by Chinese Firm Upsets Ethiopian Employees


Design mismatches, cracked and unfinished walls, broken and fissured tile work, unsealed doors, leaky ceilings, inappropriate plumbing, peeling paints and a myriad of other problems are facing Ethiopian Airlines employee...


Premier Brings Back Dissolved Tourism Board


Prime Minister Abiy Ahmed (PhD) has formed a new National Tourism Board to replace the board disbanded  by the former Minister of Culture & Tourism, Hirut Woldemariam (PhD). The board was re-formed this month wit...


Chinese Firm Close to Winning River Revitalization Project


China Communications Construction Company Ltd edged closer to undertaking construction and restoration work along the BantyaketuRiver, stretching from UrmaGarage toAfincho Ber, in Addis Abeba. China Communications gav...


Eleven Firms Tendered Bids for Condos Elevators


Eleven companies are competing to supply 338 elevators for middle-income housing units. This tender is the third attempt by the city administration after the cancellation of two earlier bids. The initial tender, float...


ADVERTISEMENT

Bahir Dar University Builds New Teaching Hospital


Bahir Dar University, one of 36 public universities in Ethiopia, has obtained a specialised teaching hospital at a cost of 207 million Br. Amhara Region Health Bureau initially began construction of the hospital. Afte...


Tourism Organisation Gets Consultant as New Boss


Lensa Mekonnen, an event organiser and consultant, has become Ethiopian Tourism Organisation's third CEO. Prime Minister Abiy Ahmed (PhD) assigned Lensa for the position two weeks ago, replacing Yohannes Tilahun, who...


Abyssinia Ushers in Third Special Branch


Bank of Abyssinia, one of 16 private commercial banks, is all set to open its third special branch in two weeks. The new branch rests on a 492sqm area and is located inside the Sunshine Building on Africa Avenue.  th...


Pharma Firms Conquer Price Gouging Legal Charges


Judges at the adjudicative tribunal of the consumer protection authority have ruled in favour of eight pharmaceutical product distributors and retailers charged with alleged price gauging. The tribunal rejected the ch...


Expressway Fully Equipped with Truck Weight Sensors


The Ethiopian Toll Road Enterprise, the operator of Addis-Adama Expressway, installed 19 weigh-in-motion sensors that will detect overloads throughout the expressway entrances. Since its launch in 2014, enterprise  o...


Tax Season Taxes Gov’t, Payers


Tents could be spotted for much of July across the 10 districts of Addis Abeba. They were set up for the purpose of accommodating the thousands of category “C” taxpayers that made their way to their respective wereda...


Ministry Eyes Drone for Medical Cargo


The Ministry of Health is collaborating with partners to develop and apply drone technology to distribute medical supplies and equipment to remote parts of the country. The ministry will begin a pilot project in Septe...


Arbitration Court Upholds DP World’s Concession


Though Djibouti has rebuffed the trial and its outcome, an arbitration tribunal in London upheld the validity of the concession agreement DP World has with the nation to operate the Doraleh Container Terminal. Djibouti c...


Haile Hotels Extends to Debre Berhan


Haile & Alem International Plc, the operator of Haile Hotels & Resorts, is opening its ninth property in Debre Berhan, 130km northeast of of Addis Abeba, in Amhara Regional State. Owned by the celebrated long-...


Bus Shelters to Receive Maps, Routes, Locations


500 Newly-installed bus shelters in Addis Abeba will acquire maps showing routes and current locations. A local information technology firm, Bandira Addis Map Entertainment Plc, will create the maps using an applicati...


Sheba Leather Puts Shoe Exports Back on Track


Sheba Leather Industries, one of 16 companies under the conglomerate of Endowment Fund for Rehabilitation of Tigray, has resumed exporting footwear after a five-year hiatus. In its first shipment since ceasing operati...


Bon Hotel’s Third Property Destined for Addis


Bon Hotels, a South Africa-based hotel management company, has partnered with a local property developer to triple its presence in Addis Abeba. Ayal Tizaz, a local businessman, invested 300 million Br to construct the...


Cost of Living Dips on Positive Speculation


Even though headline inflation has shown a slight dip in July 2018, reaching 14pc, it surpassed the average rate of the recently concluded fiscal year by one percentage point. The rate, which is an indicator of the co...


Government Privatisation Advisory Council Forms and Meets


Prime Minister Abiy Ahmed (PhD) set up an advisory council, consisting of 21 members.  The council will advise the government on the process of privatising state-owned enterprises. Council members, formed on Friday A...


Diageo Introduces Apps to Authenticate Bottles


Diageo Ethiopia Plc, the owner of Meta Abo Brewery and representative office of Johnnie Walker Scotch Whisky, has introduced a new application to confirm products imported by authorized channels. The application enabl...


Semegnew Leaves Many in Grief, Doubt


Ethiopians are in shock and in a state of disbelief following the tragic death of Semegnew Bekele, chief engineer of the Grand Ethiopian Renaissance Dam.  He was found dead in his car and shot near his right ear at Mesq...


New Medical Waste Incineration Centres Come to Ethiopia


Ethiopia is constructing the first eight medical waste incineration centres, disposal facilities of medicine and clinical wastes, for a total investment of 440 million Br. Financed by Global Fund, the turnkey project...


Ministry to Construct New Health Posts


The government is investing 360 million Br to construct 100 health posts across nine regional states and in one city administration. The Ministry of Health will undertake the project with financing from the government...


DP World, Djibouti Fail to See Eye to Eye


The government of Djibouti and DP World, the UAE port management company, are embroiled in a tense dispute, unable to see eye to eye on the most fundamentals issues in the disputes over the concession to run the Doraleh...


Document Registration Agency Set to Erect HQs


The Document Authentication & Registration Agency is set to erect a new 21-storey headquarters on a 2,800sqm lot in Mexico Square along Tessema Aba Kemaw street. The Construction Project Office of the Federal Gove...


Investment Agency Head Diverts to Investment


The former head of Adiss Abeba Investment Agency, Kidanemariam Berhe, has invested five million Birr to set up a honey processing plant in Tigray Regional State. Sitting on a 1,000sqm plot of land, the new plant will...


House Speaker Ends Trademark Saga


Keriya Ibrahim, the Speaker of the House of Federation, has concluded the four-year trademark proprietorship saga by handing the copy of the judgment to the lawyer of Six Continents Hotel, Mehrteab Leul & Associates,...


Editorial

Last Wednesday, Addis Standard, an English online magazine, shared a re...


Agenda

Ethiopia's banking sector is criticized for its traditional system and...


Fineline

During one of his North American tours, Prime Minis...


SUBSCRIPTION OFFERS

Commentary

Investment in the continent’s internet infrastructure will change how...


Viewpoint

Much like the rest of the world, the history of Ethiopia is not monolit...


Opinion

Ethiopia is undergoing rebranding of its politics. In just a few months...


View From Arada

Despite the lack of good governance, low standard of living, poor infra...






Business Indicators



Editor's Pick
















SUBSCRIBE TO ADDISFORTUNE

MEMBERS' LOGIN

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT


ADVERTISEMENT

 


 
 



Verbatim, News Analyis, Lifestyle, Radar and...




//