Authority Plans Minimum Energy Performance Standards


The Ethiopian Energy Authority is preparing to introduce a minimum energy performance standard for electrical motors in a bid to reduce power consumption. The Authority’s Energy Efficiency Conservation Department is…


US Backs Tulu Moye Geothermal Plant

The United States Trade & Development Agency has thrown its support behind the Tulu Moye Geothermal project, the nation’s second geothermal plant. The Agency awarded a grant of 1.1 million…


Investment Commission Launches Online Guide

The government has launched an online database system dubbed iGuide in a bid to provide information for investors entering into the country. Announced by the Ethiopian Investment Commission (EIC) after…


Ministry Opts to Certify Imported Goods

The Ministry of Trade is planning to enlist four or five international conformity assessment firms that will accredit products imported into the country. The firms will ensure the quality of…


Ministry to Map Farmland with Drones

The nation is planning to launch drones to implement cadastral mapping, a digital mapping system that defines land ownership, on 13,000ha of farmland across six regional states for the first…


WB Grants $1b for Budget

During his first press conference held since assuming power nearly five months ago, Prime Minister Abiy Ahmed (PhD) told local and foreign media on Saturday that the World Bank would…


Authority To Open Large Taxpayers Office

The Addis Abeba Revenues Authority is set to open a new branch for large taxpayers, dedicated to businesses with annual revenue of 40 million Br or more. The Authority is…


Afro-Tsion Repairs Defective Craftsmanship on Employee Homes

Afro-Tsion Construction, a company responsible for the construction of 1,192 houses for Ethiopian Airlines Employees, has started repair work on defective craftsmanship and work that seeks to remedy leaking roofs…


Telecom Rewards Employees with Mobile Phones

Ethio telecom, the state monopoly telecom provider, rewarded its 15,000 permanent employees by giving them mobile phones at a cost of 100.5 million Br The company provided its employees with…


Roadmap Envisions Ministry’s Restructuring

An education roadmap that would see the Ministry of Education restructured into three components has been proposed. The 86-page roadmap was presented with four chapters. It focuses, aside from restructuring…


Metered Taxis Enter Airport for First Time

Amidst a fierce court battle, metered taxis are once again allowed to operate inside Bole International Airport. Justices at the Federal Supreme Court Cassation Bench reversed their earlier injunction on…


Bale Robe Flickers with Air Traffic Control Tower

The recently constructed Bale Robe Airport Terminal has become the nation’s 15th airport with an air traffic control tower designed to direct aircraft during takeoff and landing. The tower, costing…


Re-insurer Hires HST to Revamp Human Resources Strategy

HST Consulting has been engaged to overhaul the human resources strategy by Ethiopian Reinsurance, the nation’s first reinsurance firm, for 2.8 million Br. The firm was awarded the project last…


Ethio telecom Advances Expansion Plans

The state telecom giant, Ethio telecom, is embarking on an expansion plan in a bid to double the capacity and improve the quality of its services. The expansion project is…


Top Water Invests 40m Br to Boost Production

Top Water Bottling Company, one of the late entrants into the bottling industry, is investing 40 million Br to boost its production capacity by 133pc. The company is in the…


Construction Bureau Ushers in Virtual Registration

The capital’s Construction Bureau has launched online registration services for contractors, consultants and suppliers of construction material and equipment, as well as other practitioners engaged in construction activities. The software,…


CAPITAL THIRSTS AGAIN

Despite being a city endowed with high access to water, Addis Abeba has recently been hit with one of its recurring bouts of water shortages. Taps have been running dry…


Advisory Council Set up to Cure Economy

The National Planning Commission is forming an economic advisory council that will regularly assess critical challenges in the economy and endorse policy amendments. Formed under the Planning Commission, the advisory…


Court Ends HIV-Test Kit Procurement Saga

A judge at the Federal High Court dismissed the court case over the procurement of HIV-test kits following the failure of the representative of the plaintiff, Medica Pharma Enterprise Ethiopia,…


Soil Test Center Project Remains Contentious

Amidst various unsettled issues including uncompleted projects and missed payments, the United Nations Development Program (UNDP) has floated another tender to hire a company to finalise the renovation work of…


Authority Reboots Customs System to Ease Hassle

The Ethiopian Revenue & Customs Authority plans to launch a new customs management system developed for 4.7 million euros and financed by the European Union. The new system, Electronic Customs…


Bunna Bank Plans New HQs

Bunna International Bank, one of the late entrants among private commercial banks, is set to build its headquarters at the Central Business District, on Ras Abebe Aregay Street. The headquarters…


Customs Authority Eyes Mid-level Taxpayers

The Ethiopian Revenue & Customs Authority is set to open a new branch office designated exclusively for middle-level taxpayers. The authority has hired personnel for the new branch office and…


Iron Manufacturers Overcome Price-gouging Charges

Prosecutor of the Trade Competition & Consumer Protection Authority has lost another case against six corrugated iron manufacturers, charged with conspiracy of price gouging. The prosecutor of the authority accused…


Pay-as-You-Go Lights Up Off-Grid Residents

A joint effort by four institutions has launched a solar systems project, Pay-as-You-Go, with the principal goal of addressing the power demands of the off-grid population. HelloSolar, an off-grid energy…




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...


SUBSCRIPTION OFFERS

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...




Business Indicators



ADVERTISEMENT


Editor's Pick
















SUBSCRIBE TO ADDISFORTUNE

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT


ADVERTISEMENT







Verbatim, News Analyis, Lifestyle, Radar and...






//