Container Traffic at Djibouti Port Waves by 25.8pc


The container traffic at Djibouti`s Doraleh Container Terminal (DCT) has seen a swell of 25.8pc, following the takeover of the new managing company, according to Djibouti Ports & Freezone Authority…


Austere Budget

It is that time of the year when the Minister of Finance & Economic Cooperation – Abraham Teksete (PhD) in this case – appears before Parliament to table the budget…


Keangnam Lands Partial Relief of Taxes for Reentry 

Keangnam Enterprise Limited, a Korean construction firm that had requested the government to be relieved of 75.6 million Br of unpaid taxes has finally agreed to pay the due amount…


Authority Awards 13b Br Road Projects

Out of the nine road projects the Ethiopian Roads Authority (ERA) awarded to eight companies late last week, a Chinese firm made the highest offer to construct a 68.8Km alternative…


Regional Broadcaster Gets Media Complex for 1.45b Br

Oromia Broadcasting Network (OBN), the regional broadcaster of the Oromia Regional State, is soon to acquire a modern media complex for 1.45 billion Br in Addis Abeba. Elilly Hotel, located…


Inflation Lies Dormant, Despite Supply Shortage

The latest consumer price index from the Central Statistical Agency (CSA) reports that the headline inflation for May stands at 13.7pc, similar to the previous month, despite harsh economic situations…


Companies Ally to Manufacture Aluminium Pipe

The first aluminium pipe factory in Ethiopia, a joint venture of Rifeng Ethiopia and Rifeng China, is set to be constructed in Debre Birhan, Amhara Regional State with a total…


Legislators Beat Back Emergency Decree

The parliament has ended the state of emergency, which the country has been under for the past four months, two months ahead of its cessation. The emergency declaration was lifted…


Ronali Hotel Sets to Expand With Half a Billion Birr

Addis Abeba is set to get another local brand hotel, Ronali, which comes with a total investment of half a billion Br. The Hotel, located in Bole District will house…


Bureau Blesses Residents with Pure Water 

One hundred thousand residents of the Oromia Regional State have got pure water from water wells. The regional state has invested 51.7 million Br for the project. These residents in…


Current, Former, ‘Future’ Leaders Meet

Former British Prime Minister Tony Blair (right) joined Ethiopian Prime Minister Abiy Ahmed (PhD) in a meeting attended by over 1,000 university students, young leaders and future leaders under the…


Despite Hurdles Keangnam Hopes for Reentry

Keangnam Enterprise Limited, a Korean construction company that pulled out of the country after bankruptcy and landing in debt for 339 million Br of taxes and customs duties, has requested…


Ayka Addis Sees Ray of Hope from DBE

Ayka Addis Textile & Investment Group, which has seen massive losses for the past four years, has got support from the Development Bank of Ethiopia (DBE) board of directors. DBE’s…


Police Probes Former DBE Heads

Former senior management members of the Development Bank of Ethiopia (DBE) are under investigation for alleged corruption crimes. In conducting the investigation, the Corruption Crime Cases Division of the Federal…


City Council Accuses MetEC of Patchy Buses

Most of the Anbessa city buses that frequently broke down and went out of service in the first three quarters of this fiscal year were assembled by Bishoftu Automotive Engineering…


Black Lion’s Emergency Medical Unit Construction Still in Problem

The stalled construction, which is designated to be an emergency medical unit for Black Lion Specialised Hospital under the Addis Abeba University (AAU), is still in peril as the budget…


Editorial

The honeymoon appears to have come to an end. Members of the public are...


Agenda

The rapprochement between Ethiopia and  Eritrea has led to the signing...


Fineline

The Revolutionary Democrats concluded their council...


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Commentary

The National Bank of Ethiopia needs to take measures to improve the red...


Viewpoint

I love and respect Prime Minister Abiy Ahmed (PhD). I want him to succ...


Opinion

Back in the middle of June, when all the jubilation and hope was in ful...


View From Arada

The rallies of the past weeks are healthy manifestations of citizens’...






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