Judges Rule to Continue Trial of Ex-Tiret Executives


Judges at the  Regional High Court in Bahir Dar, the seat of Amhara Regional State, ruled to continue presiding over the cases of Berket Simon and Tadesse Kassa, former executives…


Furious Tenants at Loggerheads with Corporation

Tenants of state-owned commercial units vow to take their case to the Prime Minister’s Office if they do not get a response from the executives of the Federal Housing Corporation.…


Two Local Airports to be Equipped with Weather Systems

The National Meteorology Agency is set to install weather systems that will provide real-time information and reports on weather conditions at Hawassa and Kombolcha airports. The Agency will cover the…


Lion Roars: Flipping Slow Growth Over

Despite sluggish foreign exchange earnings, Lion Bank, one of the 16 private banks, marked a successful financial cycle last year by recording 69pc profit growth. Last year’s performance of the…


Investment Income Uplifts Ethio Life’s Achievement

Even though gross written premiums showed no significant increase, the decade-old insurance firm Ethio Life & General registered 19pc profit growth in the past fiscal year with the support of…


Online Betting Service Joins the Fray

The first of its kind, Abyssinia Bet, an online sports betting platform with both a mobile application and website, was launched last week. The application allows users to place their…


DEVELOPING STORY: Regional State Probe Leads to Bereket, Tadesse Arrest

The arrests of Bereket Simon and Tadesse Kassa was an operation led by the Amhara Regional State Police Commission with the cooperation of the Federal Police, people involved in the…


Bereket Simon Arrested

Bereket Simon, a founding member of the EPRDF and a former senior government minister, has been arrested by the Federal government this morning, from his residence off Africa Avenue. Cause…


Former TIRET Chief Arrested

Tadesse Kassa, a.k.a Tinkishu, former CEO of TIRET, has been arrested this morning at his residence in Addis Abeba. His arrest was made about the same time of police arresting…


RUNNING OUT OF GAS

Fuel lines around gas stations, longer queues for public transport commuters and fewer vehicles on the roads characterised Addis Abeba last week. The culprit was another bout of fuel shortages…


Power Generator, Distributor at Odds

Beginning this month, companies with higher electric power consumption will be paying their electric bills to Ethiopian Electric Power (EEP) rather than Ethiopian Electric Utilities (EEU). Though EEP asserts that…


Authority Shuts Tanneries With no Treatment Plants

Oromia Regional State suspended four tanneries in Modjo from operating until they build secondary wastewater treatment plants. The Oromia Environment Forest & Climate Change Authority ordered Colba, Hora, Jianxin Zhang…


City Digitizes Farmland Relocation Data

The city administration is investing 10 million Br to install an information system that will record, store, interpret and analyse information about displaced farmers for redevelopment purposes. The system will…


Kinfe, Others Face Additional Corruption Charges

Prosecutors brought two additional but separate corruption charges against Kinfe Dagnew (Maj. Gen), former head of the Metals & Engineering Corporation (MetEC), last week. The latest charges were filed against…


BALE UNDER PRESSURE

The juniper forests, endemic flowering plants, rare mammals and bird species found in the half century-old Bale Mountains National Parks are facing threats from growing human encroachment into protected areas.…


Agency Pop-up to Regulate Telecom Industry

The government is drafting a new proclamation to form a body to be tasked with regulating the telecom and postal services and  reports directly to the Office of the Prime…


Kinfe Faces First Corruption Charge

Kinfe Dagnew (Maj. Gen), former head of the Metals & Engineering Corporation (MetEC), faced the first charge late last week along with seven co-defendants. The prosecutors charged Kinfe and other…


Judge Summons CCD’s Head for Failing to Deliver Homes

A judge at the Federal High Court summoned Mesele Haile (PhD), general manager of luxury brand Country Club Developers (CCD), to explain why the company failed to deliver six housing…


Auditor Reprimands Water Ministry for Cost Overruns

The Auditor General confronted the Ministry of Water, Irrigation & Electricity over the inflated costs of the Zarema Mayday and Megech irrigation dams, which have reached a total of 13.6…


Culture Ministry Ushers in Advisory Group

The Ministry of Culture & Tourism has formed a new advisory group to carry out consulting duties for the Ministry on tourism issues. With 14 members, the advisory body is…


Abyssinia Upgrades Data Center, Core Banking

Bank of Abyssinia upgraded its data centre at a cost of 100 million Br. The bank is also in the final stages of launching a new core banking system. The…


Veterinary Institute to Produce Animal Meds

The National Veterinary Institute is ready to begin production of animal pharmaceuticals at a plant in Bishoftu (Debre Zeit). The institute has been upgrading the existing plant that manufactures vaccines…


NBE’s Stringent Law Stagnates Zemen’s Growth

Zemen Bank, the 10-year-old private bank, posted a two percent growth rate in the last fiscal year. The bank reported 271 million Br in profit with a shareholder return of…


Nile’s Profit Plummets Nearly in Half

Nile Insurance’s net profit fell by nearly half last fiscal year and reached 63.5 million Br, the same figure it recorded in the 2015 fiscal year. The firm’s profit decline…


Ministry Embarks on National Sanitation Survey

The government kicked off the second sanitation survey using 4,075 tablet computers procured for 2.1 million dollars by the African Development Bank (AfDB). To be held across the regional states…




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

Desert Locusts have been costly to combat, because efforts are made aft...


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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