Ex-CBE Executive Lands on Top Job in the Wegagen Bank


Abay Mehari, a former vice president at the state owned Commercial Bank of Ethiopia (CBE), has been approved as Wegagen Bank’s new President, replacing Arega G. Egziyabher, the bank’s longest…


First Speaker of Parliament Dies, at 62

Dawit Yohannes, former Speaker of parliament, has died today in New York, at the age of 62. Dawit had served as Speaker of the house for two terms beginning 1995.…


Legesse Asfaw Dies

A former senior government official under Mengistu Hailemariam (Col.), Legesse Asfaw, has died today while under the medical care of the Korean Hospital, in Addis Abeba. He was admitted to…


Furious Tenants Call for Injunction of New Rental Fee

Tenants of the Federal Housing Corporation called for the injunction of the new rental fee amendment its executives made a couple of weeks ago.  They have also declared that they…


Fed. Prosecutors Bring Third Charge on Kinfe

Federal prosecutors have establiahed yet another criminal charge against Kinfe Dagnew (Maj. Gen), the founding CEO of the Metals & Engineering Corporation (MetEC), accusing him of involvement in what they…


Fed Investigators Arrest Ermias Amelga in MetEC Case

Federal investigators have arrested Ermias Amelga, founder of Access Real Estate, in connection with an ongoing corruption probe on the former executive of Metals & Engineering Corporation (MetEC). Ermias was…


Federal Prosecutors Charge Former CEO Kinfe Dagnew Et Al

Federal prosectors charged eight defendants, including Kinfe Dagnew (Maj. Gen), former head of the Metals & Engineering Corporation (MetEC), of alleged corruption on Thursday. Judges at the 15th Criminal Bench…


Housing Corp Amends Rental Fee of Non-Business Tenants, Softens Terms for Businesses

The Federal Housing Corporation has revised the rental fee levied on non-governmental organisations (NGO), embassies, government offices and civil society tenants. It has also decided that business tenants will not…


Former Bank Executive Moves to Electronic Solutions

The Board of Directors of Premium Switch Solutions (PSS), a digital company that integrates the services of seven banks, has appointed Yoseph Kibret, a former senior executive of Bank of…


Fed. Investigators Wind Up Probe on MetEC Suspects

Investigators from the Federal Police told judges today that they have concluded a probe on 11 former senior executives of Metals & Engineering Corporation (MetEC) who have been detained under…


Macro Economist Joins CBE Board

Eyob Tesfaye (PhD), a macro economist working for the UN, has been appointed by the administration of Prime Minister Abiy Ahmed to serve the state owned Commercial Bank of Ethiopia…


President Sahle-worq Appoints Ambassadors

Twenty ambassadors appointment by President Sahle-worq Zewdie was made yesterday. Fitsum Arega, chief of the federal agency for investment promotion, is assigned to the United State; Teshome Toga, to China;…


Furious Tenants Protest Rental Fee Spike

Hundreds of tenants for state owned commercial housing in Addis Abeba protested the recent steep rental fee increase, marching today to the head office of the Federal Housing Corporation. The…


After Fiery Debate, Parliament Establishes Border, Identity Commission

Federal legislators have approved the establishment of a Border & Identity Affairs Commission after a charged debate among MPs. The establishment of the commission drew votes in favour from the…


Judges Grant Police Custody Right on Kinfe, Brother for Third Appeal

Federal Judges have granted Police appeal to keep under custody Kinfe Dagnew (Maj. Gen), former head of Metals & Engineering Corporation (MetEC), who is suspected of grand corruption, yet for…


President Girma Passes Away, at 95

Former President Girma Woldegiorgis has passed away today at the age of 95. He has served in public service for 50 years, including as the Republic’s second President, succeeding Negasso…


Primer to Inaugurate Dire Dawa Industrial Park

Dire Dawa Industrial Park will be inaugurated the coming Sunday, December 16, 2018, in the presence of Prime Minister Abiy Ahmed (PhD), the second such event in just a week.…


Sugar Corp Head Replaces Dagmawit as Deputy Mayor

Endawoq Abite, director general of the Ethiopian Sugar Corporation, has been appointed as the deputy mayor of Addis Abeba, replacing Dagmawit Moges, who was moved to the Ministry of Transport,…


Judges Grant Police Continued Custody of MetEC Head, Brother

Judges at the Federal High Court granted police an additional 14 days of custody for the investigation of alleged corruption by Kinfe Dagnew (Maj. Gen), former head of the state-owned…


Court Grants Bail Right to Ex-Deputy Security Chief’s Spouse

Judges at the Federal High Court have granted bail rights to Widade Ahmed, the spouse of Hashim Tofiq (PhD), deputy director of the National Intelligence & Security Services (NISS), who…


Revenues Ministry Gets Enforcement Force

Ministry of Revenues is forming an enforcement force tasked to fight contraband, Adanch Abebe, minister of Revenues disclosed today. The regulation that enables the Ministry to have such a force…


In the Absence of Mayor, Planners Debate Addis Abeba’s Fate

When Yeha Architecture’s Mahider G. Medhin, a radio host and expert on urbanization, spoke of the coming and going of foreign influence through the decades, he mentioned the Italians, the…


Judges Grant Police Custody Right over Grand Corruption Probe, Twice

Judges at the Federal High Court have granted police a 14-day custody in the investigation of 26 officials from MetEC, suspected of grand corruption involving 37 billion Br in public…


Parliament Installs Long Overdue Comm’n on Census

The Parliament has approved the appointment to the 20 members of the national Census Commission. The members are composed of ministries, the Office of the Prime Minister and officials from…


Police Begin Investigations into Ethiopia’s Ex-Security Deputy Head for Alleged Human Rights Abuses

Judges at the Federal High Court have ordered Police to present preliminary evidence showing probable cause from their investigations on Yared Zerihun, former deputy director of the National Intelligence &…




Editorial

With a reformist administration in charge of the executive, there has b...


Agenda

The new electricity tariffs that became effective on December 1, 2018,...


Fineline

Who it is that midwifed the rapprochement between E...


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Commentary

Ethiopia’s economy is at a crossroads. The same old advice will not s...


Viewpoint

A recent photo between Prime Minister Abiy Ahmed (PhD) and George Soros...


Opinion

The future is bleak. Millennials and younger generations who will inher...


View From Arada

There is heated debate on the propriety, decency and morality of breast...




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