Ex-CBE Executive Takes Helm at Bunna Bank


Regulators at the National Bank of Ethiopia (NBE) have approved the appointment of Mulugeta Alemayehu, former vice president of the state owned Commercial Bank of Ethiopia (CBE) as the new…


Investment Commissioner Tenders Resignation

Belachew Mekuria (PhD), chief of the Ethiopian Investment Commission (EIC), has tendered resignation from office after serving for four and half months. Belachew was appointed as the commissioner on April…


PM Abiy Appoints Senior Adviser on Policy Reforms

Prime Minister Abiy Ahmed (PhD) has assigned Mamo Mihretu, a senior project manager at the World Bank, as his senior adviser on Policy Reforms and Ethiopia’s chief trade negotiator. Mamo has more than 16…


Air Traffic Controllers to Strike

Air traffic controllers at the Ethiopian Civil Aviation Authority have declared a strike to begin on Monday, August 27, 2018. The employees are requesting salary adjustments and improved benefits packages. Ethiopian Airlines…


Chief Engineer of GERD Found Dead in Car

Simegnew Bekele, chief engineer and the lead project manager of the Great Ethiopia Renaissance Dam (GERD), was found dead in his car at Mesqel Square in Addis Abeba today. The…


Premier Appoints Girma Birru to Chair Central Bank Board

Prime Minister Abiy Ahmed (PhD) has appointed Girma Birru, a competent and old hand in macroeconomic management, to chair the board of directors of the National Bank of Ethiopia (NBE),…


Ethiopian to Resume Flights to Asmera Next Week, in Two Decades 

The Ethiopian Airlines is to resume commercial flights to Asmera, which will be the first in two decades. The decision  appears to come after a high level Ethiopian delegation led…


Haileyesus the New Head of State Policy Bank

The Development Bank of Ethiopia (DBE) gets Haileyesus Bekele, vice president of Credit Management, as its new president as of today July 4, 2018. Haileyesus replaces Getahun Nana, who in…


State Largest Bank Gets New Head

The state owned Commercial Bank of Ethiopia (CBE) gets a new President in Bacha Gina, vice-president of the Cooperative Bank of Oromia (CBO). Bacha replaced Bekalu Zeleke, who has been…


Eritrea’s Delegation Due to Addis Today

Eritrea’s peace envoy, led by Yemane Gebreab, is due to Addis Abeba today, along with Osman S. Mohammed, foreign minister. Addis Abeba is warming up to host its rare guests,…


Shiferaw Shigute Resigns from SEPDM

The Southern Ethiopian Peoples’ Democratic Movement (SEPDM), a coalition member of the ruling EPRDF, has seen the removal of Shiferaw Shigute from his position as chairman, replaced by Muftiha Kemal.…


Yinager, Bekalu Most Likely Candidates to Lead Central Bank

Prime Minister Abiy Ahmed (PhD) is strongly considering to appoint Yinager Dessie (PhD) to the Governor of the Central Bank, replacing Teklewold Atnafu, people close to the Prime Minister Office…


Prime Minister Abiy Reshuffles MeTEC Board

Prime Minister Abiy Ahmed has reshuffled directors of the board of the state-owned Metals & Engineering Corporation (MeTEC), appointing Ambachew Mekonnen (PhD), minister of Industry, as its third chairman, sources…


Ministry Recalls Diplomats

The Ministry of Foreign Affairs (MoFA) has recalled Ethiopia’s ambassador to Saudi Arabia in Riyadh and consul general in Jeddah. Amin Abdulkadir and Wubshet Demise, ambassador and consul general, respectively,…


DEVELOPING STORY: Ahmed Shidie New Communications Affairs Minister

Ahmed Shidie, minister of Transport, is to be appointed as the Government Communications Affairs Minister, unlike our report yesterday that it would be Meles Alem. Prime Minister Abiy Ahmed (PhD)…


Premier to Reshuffle Cabinet, Speaker to Change

Abiy Ahmed will have an appearance before MPs tomorrow, the first since parliament confirmed him as a Prime Minister on April 2, 2018, Fortune confirmed. The motion before Parliament has…


Abiy Carries a Landslide Win

The Council of the ruling EPRDF has elected Abiy Ahmed (PhD) its third chairman today. The candidate from the OPDO, Abiy Ahmed (PhD), has carried a landslide votes of 108…


Parliament Legislates Emergency Decree

Members of Ethiopia’s Parliament have passed a state of emergency declared by the Council of Ministers two weeks ago, during an emergency session. However, the bill has failed to win…


UPDATE: Hailemariam Resigns from EPRDF Chairmanship, For Now

Hailemariam Desalegn’s resignation today is from the chairmanship of the EPRDF, but will amount to his departure from the Prime Minister’s role in due times, according to people in the…


Hailemariam Forms New Administration

Prime Minister Hailemariam Desalegn today formed his new administration after parliament approved his nomination after parliament approved his nomination for the cabinet. The new government will have 26 ministries and…


Small, But Proportionally Significant Results Expected at WTO Summit

The Ninth Ministerial Summit of the World Trade Organisation (WTO) opened in the resort Island of Bali, Indonesia, with the declaration of Indonesia’s Trade Minister that the results expected may…


UK Deputy PM to Visit High School in Addis

United Kingdom Deputy Prime Minister Nick Clegg, who has also been Leader of the Liberal Democrats since 2007, is to arrive in Addis Abeba on February 14, in time to…




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...


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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