Judges at the Federal High Court granted police another 14-day extension to keep in custody 26 officials from the state-owned military-industrial conglomerate Metals & Engineering Corporation (MetEC). The police requested…
Angered over unpaid salaries, local employees in Nekemte, Bure and Woliso towns, in Oromia and Amhara regional states, took seven Indian employees hostage on Sunday, November 23, 2018. Khurram Imam,…
The Agricultural Transformation Agency (ATA) is set to build a national soil information system in a bid to collect, store, interpret and disseminate information about soil found in Ethiopia at…
A new aluminium and plastic bottle cap factory will join the market to supply both domestic and export markets. The factory is an expansion project of the liquor producing company,…
Addis Abeba was host to the 2018 Urban Age conference, where urbanisation, its future and its effects were discussed among experts, last week. With the hyper pace of urbanisation in…
ZAAF Collection, a local leather company that manufactures handcrafted leather goods and accessories, is opening its first overseas store in Washington, D.C. Located on 14th street, dubbed the most chic…
Addis Abeba will receive 500 additional bus shelters before the end of the current Ethiopian year at a cost of 156.6 million Br. Jiangxi Water & Hydropower Construction Company secured …
One of the younger insurance firms, Lucy Insurance Company, has reported a 26 million Br net profit in the last fiscal year, which makes for a 60pc increase. Named after…
A 25-storey apartment, office and entertainment complex has stepped closer to realisation after OIB Oda Real Estate selected K2N Architecture & Engineering Consultancy to prepare a final design. The concept…
A local trading company, G-Seven General Trading & Industry opened a new jute sack manufacturing factory in the Hadya Zone of the SNNPR for a cost of 60 million Br.…
Abyssinia Bank registered a net profit of 562.8 million Br in the last financial year, a 10pc increase. But dividends to shareholders declined to 6.1 Br per share. During the…
Two former judges, Birtukan Mideksa (left), a prominent activist and politician, and Meaza Ashenafi, president of the Supreme Court, stood before parliament last Thursday, November 22, 2018. Birtukan was nominated…
Dividend payments to shareholders of banks and insurance companies will be settled right after shareholder meetings, according to a new directive issued by the National Bank of Ethiopia (NBE). The…
Prime Minister Abiy Ahmed (PhD) appointed Ahmed Hamza (Brig. Gen) as a new director general of the state-owned military-industrial conglomerate, Metals & Engineering Corporation (MetEC), replacing Bekele Bulado (PhD). Ahmed,…
After a two-month delay caused by differences on land lease payments, Prime Minister Abiy Ahmed (PhD) cut the ribbon for the 50-billion-Br La Gare Eagle Hills Project early last week.…
PetroChina offered the lowest bidding price of 27 billion Br to freight nearly 2.2 million tonnes of petroleum products in 2019. Three international companies, Vitol, Trafigura and PetroChina, bid on…
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The incidence of abuse against migrant workers has raised concerns abou...
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Despite being a continent with abundant energy resources, a great chunk...
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Asmera and Addis Abeba are two cities with similar beginnings and influ...
