SOBER ADDRESS


Tagesse Chafo (right), speaker of Parliament, chatted with Prime Minister Abiy Ahmed (PhD) as they made their way out of the legislative hall, while Shimelis  Abdisa, chief of staff to…


Barred Firm Joins 3.2b Br Wheat Supply Bid

Eight companies are bidding to supply four million quintals of wheat valued at 3.2 billion Br, including a Dubai based trading house that has been suspended from entering into such…


Mayor Empowers Bureau to Administer All Construction

The City Construction Bureau has taken over the responsibility of managing all construction projects in the capital with the primary aim of improving project administration. Deputy Mayor Takele Uma ordered…


Kinfe et al. File Preliminary Objections

Kinfe Dagnew (Maj. Gen), former head of Metals & Engineering Corporation (MetEC) who has been charged with grand corruption, brought preliminary objections in defence of the charges leveled against him.…


City Abattoir Invests in Water Treatment

The city’s state-owned slaughterhouse corporation is building a primary wastewater treatment plant at its Aqaqi Qality facility for an estimated 40 million Br. Addis Abeba Abattoirs Enterprise’s plant, which will…


Tiret Ventures into Milk Processing Plant

Tiret Corporate, an endowment fund affiliated with the Amhara Democratic Party (ADP), is investing 47 million Br to build a dairy processing plant in Amhara Regional State. TZA Dairy Production…


City to Expand Bus Depots

A depot that accommodates 850 buses is being built at the premises of the headquarters of the Anbessa City Bus Services Enterprise in Yeka district. The construction is expected to…


Berhan Gleams Controlling Claim, Scaling Income

Claim control has helped Berhan Insurance, one of the nation’s younger insurance firms, to register a 114pc profit increase in the past fiscal year. Berhan, which lost seven million Birr…


Debre Birhan Drills Down

Two deepwater wells, which will supply potable water for 40,000 people, are being built in Debre Birhan at a cost of 42 million Br. The projects in the Atakilt Kebele…


Macroeconomic Problems Pull Down Nib’s Growth

Political uncertainty and the severe foreign exchange crunch in the economy has dragged down the growth rate of Nib Bank during the last fiscal year. The 19-year-old Nib did, however,…


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.…


DEVELOPING STORY: Saudi Arabia Releases Mohammed Hussien Ali Al-amoudi

Mohammed Hussien Ali Al-amoudi (Sheikh) in Jeddah yesterday afternoon, right after his release, spending more than a year in Saudi prison. He was one of the many royal family members…


Hope & Comfort

President Sahle-Work Zewde comfort one of the patients of Cure Ethiopia at children’s Orthopaedic Hospital in Addis Abeba. Joined by Rick Gardner (MD), medical director of Cure Ethiopia, the President…


CBE to Take Over Electronic Utility Billing from Kifiya

Electric utility bill payments services, which have been handled by Kifiya Financial Technologies, will be entirely moved to the Commercial Bank of Ethiopia (CBE) by the end of this fiscal…


Agency Swaps Outdated Base Year in Inflation Measurements

The Central Statistical Agency (CSA) has revised the Consumer Price Index (CPI) for a basket of goods and services, prices set as the basis for inflation rate measurements. The update…


Firms Vie to Supply Analytical Technology to Investment Agencies

Three international companies are vying to supply technologies to analyse customers’ interactions and to integrate management systems of the nation’s two federal investment agencies. The offers placed by the bidding…


Belgian, Local Firm Venture into Chemical Manufacturing

In a franchise arrangement, an Ethiopian businessperson and a Belgian firm are setting up a chemical manufacturing plant in Debre Berhan, Amhara Regional State, to supply the food and beverage…


Judges Rule to Continue Trial of Ex-Tiret Executives

Judges at the  Regional High Court in Bahir Dar, the seat of Amhara Regional State, ruled to continue presiding over the cases of Berket Simon and Tadesse Kassa, former executives…


Furious Tenants at Loggerheads with Corporation

Tenants of state-owned commercial units vow to take their case to the Prime Minister’s Office if they do not get a response from the executives of the Federal Housing Corporation.…


Two Local Airports to be Equipped with Weather Systems

The National Meteorology Agency is set to install weather systems that will provide real-time information and reports on weather conditions at Hawassa and Kombolcha airports. The Agency will cover the…


Lion Roars: Flipping Slow Growth Over

Despite sluggish foreign exchange earnings, Lion Bank, one of the 16 private banks, marked a successful financial cycle last year by recording 69pc profit growth. Last year’s performance of the…


Investment Income Uplifts Ethio Life’s Achievement

Even though gross written premiums showed no significant increase, the decade-old insurance firm Ethio Life & General registered 19pc profit growth in the past fiscal year with the support of…


Online Betting Service Joins the Fray

The first of its kind, Abyssinia Bet, an online sports betting platform with both a mobile application and website, was launched last week. The application allows users to place their…


DEVELOPING STORY: Regional State Probe Leads to Bereket, Tadesse Arrest

The arrests of Bereket Simon and Tadesse Kassa was an operation led by the Amhara Regional State Police Commission with the cooperation of the Federal Police, people involved in the…


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…




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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