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…


Capital’s Audit Gap Shrinks by 15pc

The Addis Abeba City Administration’s Auditor General’s Office uncovered 767.8 million Br of audit gaps and financial irregularities in the last fiscal year Sixty of the city’s agencies had their…


Commercial Bank Mang’t, Labour Union Dispute Heats Up

The Labour Union of the state-owned giant Commercial Bank of Ethiopia (CBE), and the management of the bank are in dispute as CBE undergoes restructuring. The Labour Union, which has…


Austere Budget Passes Without a Hitch

Parliament unanimously passed the federal government’s budget for 2018/19 last Friday, July 6, 2018. Standing at 346.9 billion Br, it is five percent lower than the previous year’s budget in…


Huawei Loses Appeal on Trademark Royalties

The Ethiopian Revenues & Customs Authority (ERCA) has rejected a claim made by Huawei Technologies Ethiopia Plc of paying trademark royalties to its mother company. Accordingly, the company is compelled…


PM Office Orders Transfer of Lemi Valley to Corp.

The Office of the Prime Minister has ordered the Ministry of Communications & Information Technology (MCIT) to transfer the lone ICT-Park, a.k.a Lemi Valley,of the country to the Industrial Parks…


Nation’s Budget Gets Approval Amidst Anxiety in Tax Collection Capacity

With all the anxiety and reservation of the tax revenue’s ability in covering 68pc of this year’s budget, the legislators have approved a 346.9 billion Br budget for the newly…


Two Companies Win Bids to Construct 22 Silos

Two construction companies won bids to construct 22-grain silos, designed to be used in case of disasters in two regional states, for a total of 1.45 billion Br. The Chinese…


Ethiopia Calls for $118m Aid for Displaced People

Ethiopia requires 118 million dollars in humanitarian assistance for the nearly one million internally displaced people following inter-regional disputes of Gedeo and West Guji zone. The funding is needed to…


City to Set Up Complexes to Rehabilitate Farmers

Addis Abeba City Administration is set to construct complexes to rehabilitate displaced farmers in five of its districts at a cost of 420 million Br. The beneficiaries of the project…


Cost of Living Escalates While Fiscal Year Comes to a Close

Headline inflation, which has been falling for the past three months, went up to 14.7pc in June, according to the latest consumer price index from the Central Statistical Agency (CSA).…


Authority Invests Further to Boost Road Coverage

Ethiopian Roads Authority (ERA) is spending 5.5 billion Br to upgrade and construct 279Km roads in four regional states of the country. The roads are located in Amhara, Oromia, Benishangul…


Ethiopia’s MK Bags Destine for Europe

A Korean leather-bag manufacturer generated 33,344 dollars in its first export of Michael Kors (MK) handbags, one of the world’s trendy products, to Europe and New Zealand. The export-oriented company,…


blueMoon Gets Seed for Agri-Tech Lab

blueMoon launches an innovation laboratory dedicated to growing productivity in the agriculture sector. For its establishment, the Danish International Development Agency (DANIDA) has pledged 1.1 million dollars. During the 2018…


State Banks Welcome New Bosses

The two state banks, the Commercial Bank of Ethiopia (CBE) and the Development Bank of Ethiopia (DBE) have received new heads, Bacha Gina and Haileyesus Bekelle, respectively. Sintayehu Woldemicahel (PhD),…


Ethio-Eritrea Thaw in Motion

A high-level Eritrean delegation, led by Osman Saleh Mohammed, foreign minister, and Yemane Gebreab, advisor to the President, arrived in Ethiopia on June 26. They were invited to a state dinner…


‘Exaggerated’ Salary Flares-up Tension Between DBE, Turkish Firm

A Turkish company with an outstanding loan balance of half a billion Birr is embroiled in a dispute with the Development Bank of Ethiopia (DBE), its creditor, for paying what…


Council Arise to Reform Anti-terrorism, Media Law

An advisory council, composed of 13 members, has landed to reform anti-terrorism, mass media and civil society laws, which have been criticised for restricting the political space in the country…


Addis Soon to Get New City Hall

In the next two and a half years, Addis Abeba is getting a new municipal hall, which will feature architectural designs from various cultural places in the country. For the…


Awash Picks ATM, PoS Suppliers

Awash Bank, the most capitalised and profitable private bank, is going to invest close to 100 million Br to procure 200 automated teller machine (ATM) and 1,000 point-of-sale (PoS) terminals.…


Ethiopian Takes Off with New Engines

Ethiopian Airlines, the national carrier, has signed a 934.4 million dollars deal with two American companies for engine procurement and maintenance as well as Auxiliary Power Unit (APU) service contract.…


Addis Sets to Get 500 More Bus Shelters

About 18 companies are vying to install an additional 500 bus stop shelters with an estimated cost of over 90 million Br. The terminals will be installed without any feasibility…


Addis Receives Grant to Close Perilous Qoshe

The Addis Abeba City Administration has received 10 million euros loan from the government of France to close down Repi Landfill, a.k.a Qoshe. The site is recently identified as vulnerable…


Agency Denies Bid Protest over Dukem Depot Project

A complaint filed by a UAE based Company over the fairness of the procurement process to hire a consultancy firm for the Dukem Oil Terminal was rejected by the Public…


City Closes Door on New Bajajs

A directive issued last month by the Addis Abeba Transport Authority has restricted the entrance of new three-wheeler taxis, a.ka. Bajaj, to the transport system of the city. The Authority,…




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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Ethiopia’s economy is at a crossroads. The same old advice will not s...


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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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