Saudi Arabia Releases Al-Amoudi


Mohammed Ali Al-Amoudi, the Ethiopian-Saudi business tycoon, has been released from prison after spending a little over a year in Jeddah, Fortune has confirmed from multiple sources. The circumstances of…


Bereket Simon Arrested

Bereket Simon, a founding member of the EPRDF and a former senior government minister, has been arrested by the Federal government this morning, from his residence off Africa Avenue. Cause…


Former TIRET Chief Arrested

Tadesse Kassa, a.k.a Tinkishu, former CEO of TIRET, has been arrested this morning at his residence in Addis Abeba. His arrest was made about the same time of police arresting…


Court Grants Suspect on Fed Probe Bail Release

Judges at the 10th Criminal Bench of the Federal High Court released Essayas Dagnew, former chief operating officer of Ethio telecom, against a bond of 200,000 Br. The judges stated…


Premier Appoints Aide New Investment Chief

Prime Minister Abiy Ahmed (PhD) has appointed one of his aides to serve as the new investment commission, replacing Fistume Arega. Abebe Abebayehu, a lawyer by training, is the new…


Oromia Police Arrest Gelan Town’s Mayor, Suspects of Corruption

A sweeping corruption probe is taking place in Oromia Regional State where investigators have apprehended 77 suspects, including Bahiru Tekle, mayor of Gelan town. The wave of arrests began a…


Ex UN Staffer New Chair for DBE Board

A former senior staff for the United Nations has been appointed to chair the state owned but troubled bank, the Development Bank of Ethiopia (DBE). Tegegnework Gettu (PhD), former regional…


Ethio Telecom Drops Tariff on International Call, Text Messaging

The Ethio Telecom, the state telecom monopoly, has revised its tariff on outgoing international calls, dropping by up to 40pc. The CEO, Frehiwot Tamru, has announced today at a press…


Judges Ask for Preliminary Evidence on NISS Deputy Head Spouse

Judges at the Federal High Court have ordered police to bring their preliminary evidence against Midaqe Ahmed, the spouse of Hashim Tofiq (PhD), deputy director of the National Intelligence &…


MPs Vote In-Mass in Birtukan’s Historic Pick to Chair Electoral Board

Prime Minister Abiy Ahmed (PhD) has nominated Birtukan Mideqessa, lawyer and former opposition party leader, as the fourth chairperson of the National Electoral Board. More to come.


Federal Judges Deny Bail Right for Kinfe, Essayas

Federal judges have denied an appeal for bail by Kinfe Dagnew (Maj. Gen), former director general of the MetEC, and his brother, Essayas Dagnew, former Chief Operating Officer (COO) of…


Court Denies Kinfe’s Appeal

A judge at the 10th Criminal Bench of Lideta Division denied Kinfe Dagnew’s (M. General) plea to receive legal aide from a public defence today. The former General-director of the…


Kinfe Appeals for Public Defence

Kinfe Dagnew (M. Gen) has appeared before a judge today following allegations of corruption, misuse of office and mismanagement while managing the state owned military-industrial complex, Metal & Engineering Corporation…


Kinfe, Teklebrehan Under Arrest

Federal Police have arrested Kinfe Dagnew (B. Gen), former CEO of Metal & Engineering Corporation (MetEC), and Tekleberhan Woldearegay (Maj. Gen), former head of the Information Network Security Agency (INSA),…


Suspects of Corruption Probe, Alleged Human Rights Abuse Appear Before a Judge as Late as 9pm

A Court has denied 64 suspects the right to bail when federal police brought them before a federal judge at the 10th Criminal Bench of Lideta Division, as late as…


Ethiopia Eyes $100m to Develop Off-Grid Electricity Provision

Ethiopia will receive 100 million dollars through a financing facility from the African Development Bank to develop off-grid electricity, a plan designed to reach over five million households by 2025.…


PM Office Gets New Chief

Shimeles Abdisa, a political bureau member of the ODP, and executive committee member of the ruling EPRDF, has replaced Fistum Arega as Chief of Staff of the Prime Minister Office.…


Female Chief Justice Unanimously Appointed

The parliament has unanimously approved the appointment of Meaza Ashanafi as president of the Federal Supreme Court. Meaza Ashenafi, a prominent lawyer now working for the UN in Addis Abeba,…


Parliament Standing Committee to Downsize

Ethiopia’s Parliament is to downsize the number of standing committees from 21 to 10, while granting their respective chairs the rank of a Minister, sources close to the legislative house…


Mesenbet Becomes First Female President of City Chamber

ROLLING COVERAGE 5.31PM: Mesenbet Shenkute, former president of Abay Bank, becomes the first female president of the Addis Abeba Chamber of Commerce & Sectoral Association by winning  419 votes. Selahedin Kelifa, president of Ethiopian Freight Forwarders &…


Sahleworq Zewde Unanimously Voted In as President

Parliament has unanimously approved the presidency of Sahleworq Zewde. Sahleworq was a career diplomat for Ethiopia and served as an ambassador to Djibouti and France. She was also a senior…


President Mulatu Teshome (PhD) Resigns

Mulatu Teshome (PhD), who has been serving his country as a president for the past four years, has tendered his resignation to a joint session of both legislative houses today.…


DEVELOPING: TPLF members delegated to the EPRDF Council have opposed the candidacy of their chairman, Debretsion

TPLF members delegated to the EPRDF Council have opposed the candidacy of their chairman, Debretsion, who has also declined to be a candidate for the deputy chairmanship of the EPRDF.…


Abiy Ahmed (PhD) has been reelected to chair the ruling EPRDF

Abiy Ahmed (PhD) has been reelected to chair the ruling EPRDF, carrying an overwhelming landslide victory of 176 votes from 177 council members. His deputy, Demeke Mekonnen has been reelected…


IMF Projects 8.5pc Growth in GDP, Hails Ethiopia for Reducing Deficit in Current Account

Ethiopia will see an impressive expansion in its economy in 2018/19, estimated to grow by 8.5pc in a gross domestic product (GDP), the IMF projected. Although not in the double-digit…




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


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


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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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