Gov’t Opens Logistics Sector to International Companies


The Ethiopian Investment Board, chaired by Arkebe Oqubay (PhD), has allowed joint venture participation by international logistics service providers locally holding up to 49pc or less stakes. The logistics sector…


Court Denies Bail of Ex- Somali Region President

Judges at the Federal High Court denied the bail request of Abdi Mohammed Omar, former president of Ethiopia’s Somali Regional State, and three suspects. At the court session held today, August 30, 2018, the three judges of the 19th…


Police Closes Shops Alleged to Engage in Black Market Trading

Addis Abeba Trade Bureau along with the Addis Abeba Police Commission have begun closing shops behind Ethiopia Hotel, on Yohanes Street, suspected of engaging in an illegal business. The area is famous for the black market trade that takes place. The operation started…


Mustafa to Be Sworn in as President of Ethiopian Somali State This Weekend

Mustafa Muhumed Omer will be sworn in as the next president of the Ethiopian Somali Regional State this weekend, Fortune confirmed. He will be replacing Abdi Mohamoud Omar a.k.a Abdi Illey, who was removed from his post after…


Premier to Meet Members of Media

Prime Minister Abiy Ahmed (PhD) will meet members of the media for the first time on Saturday, August 25, 2018.


Regional Bank Names Mekonnen as Senior Advisor

Eastern & South African Trade and Development Bank (TDB), formerly known as the PTA, has appointed Mekonnen Manyazewal, the once retired but long-serving economist, as its senior adviser. The financial arm of the Common…


Telecom Cuts Tariff, Ceases Mobile Device Registration

Ethio-telecom, the state monopoly telecom service provider, has just announced major reductions on existing tariffs on its services, and has lifted the requirement of mobile device registrations effective tomorrow, August 23, 2018. The…


Deputy Mayor Takele Uma Forms His Cabinet

Takele Uma, the new deputy mayor of Addis Abeba, has formed his cabinet with 18 members. The new cabinet retains five incumbents and adds 13 new members. Almaz Abraham, head…


Tourism Organization Gets New Head

Prime Minister Abiy Ahmed (PhD) has assigned Lensa Mekonnen as the new CEO of the Ethiopian Tourism Organization (ETO). She received the letter of appointment at the end of last…


Choas Hits Jigjiga Town Amid Breakdawn of Law, Order

The town of Jigjiga, the seat of the Somali Regional State, has been hit with unrest that led for members of the army to enter the town earlier today. A…


Violent Protest Leads to Road Closure Between Kombolcha, Dessie

A road from Dessie to Kombolcha (Addis Abeba) has been closed for almost four hours due to a conflict provoked when an attempt was made to allegedly civilian kidnap a…


STRIKE! City Rail Transit Employees Walk Off Job

Over half of the 1,200 staff of the Addis Abeba Light Railway Transit (AA-LRT) are on a strike this morning, demanding higher salaries and benefit packages. The employees have made…


Addis Gets Mayor, Deputy Mayors

Takele Uma Benti, former head of the Oromia Transport Bureau, has been appointed to serve as Addis Abeba’s new mayor, replacing Diriba Kuma. Takele is not a councillor of the…


Addis Abeba Warms Up to Receive Issayas Afeworqi

Residents of Addis Abeba are out on the streets to receive Eritrea’s President Issayas Afeworqi, scheduled to arrive this morning for a historic meeting. Lines of buses under the city…


Issayas Afeworqi to Visit Addis Abeba on Sunday

Eritrea’s President Issayas Afeworqi is due to visit Addis Abeba on Sunday, in a return gesture to Ethiopia’s delegation tour to Eritrea last week, sources disclosed. It will be Issayas’s…


Hailemariam to Lead AU Election Mission in Zim

Former Prime Minister Hailemariam Desalegn has been appointed to chair an election observation mission to Zimbabwe. Moussa Faqi, chairman of the African Union (AU) has selected Ethiopia’s former Prime Minister…




Editorial

Political transformation is unavoidably rocky, if not delicate. It invo...


Agenda

Oil transporters are up in arms over tariffs set by the Ministry of Tra...


Fineline

The cosiness between the Ethiopian authorities and...


SUBSCRIPTION OFFERS

Commentary

The National Bank of Ethiopia has recently made available its fourth-qu...


Viewpoint

One hundred years ago today, at the 11th hour of the 11th day of the 11...


Opinion

The Addis Abeba Transport Authority and Ride, a popular and an up-and-c...


View From Arada

The private sector is more efficient and customer-oriented than governm...






Business Indicators



ADVERTISEMENT


Editor's Pick
















SUBSCRIBE TO ADDISFORTUNE

MEMBERS' LOGIN

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT


ADVERTISEMENT







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






//