Investment Agency Head Diverts to Investment


The former head of Adiss Abeba Investment Agency, Kidanemariam Berhe, has invested five million Birr to set up a honey processing plant in Tigray Regional State. Sitting on a 1,000sqm…


House Speaker Ends Trademark Saga

Keriya Ibrahim, the Speaker of the House of Federation, has concluded the four-year trademark proprietorship saga by handing the copy of the judgment to the lawyer of Six Continents Hotel,…


State Bank, Employees Reach Accord

The management of Commercial Bank of Ethiopia and the 29,000 employee association members reached an accord over salary adjustments and a proposed restructuring. The recently appointed bank president, Bacha Gina,…


US Grants $170m for Conflict and Drought Victims

Humanitarian assistance from the government of the United States to Ethiopia reached a little over 800 million dollars in the last two years with the latest donation of 170 million…


PRIVATE MATTERS

Yinager Dessie (PhD) (left), governor of the National Bank of Ethiopia (NBE), met with private business players at the bank’s premises, off Sudan Avenue, on July 19, 2018. The Governor,…


Largest Cold Rolling Mill Plant to Break Ground in Bahir Dar

A business wing of the Amhara Regional State is going to invest close to two billion Birr to construct the nation’s largest steel cold rolling mill complex in Bahir Dar,…


Changes Afoot atop Central Bank

A veteran government official, Girma Biru, has assumed the chairmanship of the board of directors at the National Bank of Ethiopia (NBE), heralding a management reshuffle after almost a decade.…


Parliament, Ministries Reach Accord to Ensure Accountability

In an effort to ensure the accountability of the government, parliamentary standing committees signed an agreement with the executive branch on delivering annually targeted performances for each ministry. The signing…


Document Registration Agency Goes Online

The Document Authentications & Registration Agency (DARA) launched an online document registration servicing nine of its branches at a cost  of 5.3 million Br. Developed by Custor Computing Plc, the…


Nexus Hotel Expands Further with 410m Br

Nexus Hotel, one of the locally-branded hotels, has completed a significant expansion with a 410 million Br investment. The development pushed the total number of rooms at the hotel to…


Railway Labour Union Drops Strike after Pay Raise Vows

The management and employees of the Addis Abeba Light Railway Transit (AA-LRT) have reached partial settlement after the management agreed to grant most of the employees’ demands. All of the…


Habesha Weekly Grips Easter Expo Bid

Habesha Weekly, a local event organiser and promoter, made a second high offer of 21 million Br in the span of one week to organise the upcoming Ethiopian Easter holiday…


Dashen Kicks off Mobile Electronic Payment Service

Dashen Bank, one of the nation’s leading private commercial banks, has launched a digital wallet system. The private bank’s electronic service will allow customers to make purchases via their mobile…


City Expands, Renovates Oldest Zoo

The Addis Abeba City Administration is investing 28 million Br for in the renovation and expansion of the Addis Zoo Park Center, located in the Sidist Kilo neighbourhood close to…


Ethiopia, Eritrea On Positive-Sum Road

The last time he was here it was in 1996, two years before his troops advanced into what was then a disputed town, Bademe. The war caused a bloody two-year…


Think-tank Embarks Scrutiny to Detect Commercial Farming Mess

The state policy think-tank launched research to assess the causes behind the non-fulfilments of rain-fed commercial farming. It will also develop a strategy to find a way out of the…


State Bank Switches its Switch

The state giant, Commercial Bank of Ethiopia (CBE), is to launch a new electronic funds transfer system after completing  a pilot project it runs close to a year. The three-quarter…


Aviation Authority Sets to Shine with New HQs

The nation’s air transport administrator is soon to get a new headquarter complex at the cost of 322 million Br paid from the government’s coffers. The new construction will house…


Imitation Cultural Clothes Hit Markets, Raise Concerns

Available for cheaper prices than traditional garments, there is a high demand for chiffon clothes that imitate Habesha kemis. This rising demand is seen as a threat to major stakeholders including small-scale weavers, designers, tailors and retailers that depend on producing and trading traditional Ethiopian clothes. But there is still many who prefer traditional Shemma clothes, with the hopes of winning back the market, reports YONATAN BELAY, FORTUNE STAFF WRITER.


Ethiopia Hails Six Countries to Host Regional Meteorology’s HQs

The government of Ethiopia is going to invest one Billion Birr to construct a new headquarter for the World Meteorology Organization’s (WMO) African Regional Office, a United Nations Agency which…


Habesha Weekly Places Record High Offer to Host Christmas Expo

A local event organiser and promoter won the bid to present the next Christmas holiday bazaar and exhibition by placing the highest ever bid price paid for the venue. Habesha…


Half a Dozen Firms Vie to Furnish Condo Houses with Elevators

Six local companies are vying to supply 82 elevators with an estimated cost of 134 million Br for housing units being built for middle-lower income housing schemes. Racrob Business, Sintec…


Agency Touches Ground to Develop River Basins, Greenery

A new agency tasked with the development and safekeeping of river basins and green areas of Addis Abeba is to be established by the City Council. A proclamation for the…


Two Foreign Firms Vie to Supply Steam Coal

Two international companies are vying to supply steam coal which will be distributed to cement factories operating in the country. The procurement would likely cost the country close to 50…


Football Federation Endeavours to Acquire HQs

The nation’s football federation is attempting to acquire a five-storey headquarter building for the fourth time. The acquisition would cost the federation over 70 million Br. The Ethiopian Football Federation…




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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