Mulegeta Alemayehu, former vice president of Commercial Bank of Ethiopia, has become the fourth president of Bunna Bank effective September 12, 2018, following in the footsteps of Tadesse Chinkel, Eshetu…
Classy Water, bottled by Belay Industrial Plc, has been shut down by the authorities due to water quality issues. A cease and desist order was issued against the bottler on…
The city has set a closing date for the registration of informal businesses with the Addis Abeba Trade Bureau as thousands are left unregistered. Street vendors have until November 10,…
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…
In keeping with a long line of opposition parties returning home, the leadership of the Oromo Liberation Front (OLF) touched ground in Addis Abeba on Saturday, September 15, 2018. Led…
Ethiopia hosted the 33rd extraordinary summit of the Intergovernmental Authority on Development (IGAD) on Wednesday, September 12, 2018. It was attended by the heads of state of Djibouti, Uganda, South…
Following the normalisation of Ethio-Eritrean relations and reopening of the border, business activities at the boundary towns are flourishing after two decades of standoff. Major trading activities have been taking…
The Ministry of Science & Technology has successfully launched its first drone, carrying cargo weighing five kilograms and flying at 5,000m altitude. The Ministry invested four million Birr in the…
The Ministry of Science & Technology is planning to initiate manufacturing of medical equipment in six months and a national steering committee has been formed to implement the plan. The…
The Addis Abeba City Administration plans to invest over 10 billion Br for a new exhibition and convention centre to be built in the heart of the capital. The Convention…
Amid shortages of wheat supply in the market, the government is spending 1.37 billion Br to procure 155,000tns of wheat. The wheat was tendered under two schemes by the Public…
The Addis Ababa City Administration Culture & Tourism Bureau is pondering switching the location of its planned central library from the current location in Yeka District to a new location…
The city administration invested close to five million Birr to redesign the uniforms of 4,100 law enforcement officers to combat crimes committed by individuals donning similar uniforms to the ones…
The dispute between DP World and the government of Djibouti is heating up following the recent move by the East African nation to take direct control of the disputed Doraleh…
Noah Real Estate Plc, a sister company of Great Abyssinia Plc, is planning to deliver 120 homes for a total cost 200 million Br to owners on Sunday, September 16,…
The nation is gearing up to adopt a new 10-year master plan for sustainable forest management. The draft master plan, National Forest Sector Development Program, is developed by the Ministry…
Rophnan Nuri, Rophy, was only 16 when he started producing music, literally six years after his first performance before his classmates. The ninth child of a family of 10, he…
The artist Tewdros Kasahun, or Teddy Afro to his fans, and Joyous Event & Promotion, producers of his last Album ‘Ethiopia’, are embroiled in a tense dispute following an alleged…
Justices at the Federal Supreme Court closed the fierce battle that raged between May Real Estate Development Plc and its 24 home buyers, ordering the may real estate to deliver…
A new autonomous tax commission, given authority to hear grievances and appeals from businesses, has begun operations. The Tax Appellate Commission takes over the duties from the dissolved tax council…
The Addis Abeba City Road Traffic Management Agency is set to upgrade accident-prone roads by installing and maintaining traffic lights, safety devices, signage and marking at a cost of 220…
Three companies are competing to supply 50 automated teller machines (ATM) to one of the new entrants to private banking, Bunna International Bank. The procurement, tendered last June, is expected…
Headline inflation, an indicator of the cost of living, dipped to an annual rate of 13.4pc last month, according to the latest report from the Central Statistical Agency. In August,…
Twelve local contractors and consulting firms completed deals to construct, design and supervise 26.4Km of new asphalt and gravel roads for 1.3 billion Br. The Addis Abeba City Road Authority…
Heineken Ethiopia is set to increase its production capacity by a third of its previous output. The new 126 million euro expansion that took 14 months, involved 1,500 people at…
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The future is bleak. Millennials and younger generations who will inher...
There is heated debate on the propriety, decency and morality of breast...
