Simachew to Be Free After Four Years Imprisonment


The Federal High Court sentenced Simachew Kebede, the major shareholder of DH Simex Plc which also owns Intercontinental Addis Hotel, to six years of imprisonment for the tax evasion crimes…


Massive Reshuffle Approaches DBE Again

Six weeks after removing its four long-serving vice presidents, the Development Bank of Ethiopia (DBE) has introduced another major reform at the levels of directorates and branches. Two weeks ago,…


Addis Expects Three More Hospitals

The Addis Ababa Health Bureau (AAHB) has announced that it completed the design of three new hospitals in three districts that will cost 3.6 billion Br. The projects will be…


New Juice Factory Set  for Neqemte

The Oromia Regional State has started an effort to open Bekelcha Tomato & Mango Processing Factory S.C., a new agro-processing company that produces tomato and mango juice, in Neqemte, 318km…


Global Insurance to Erect New HQ in Bole

Global Insurance S.C. is to construct a new headquarters near Getu Commercial Centre (GCC), along Africa Avenue, in Bole District. The company has leased 1,500sqm of land from an investor…


Ambassador To Partner With Giants For Expansion

Ambassador Garment & Trade Plc is to partner with JUKI Singapore Pte Ltd and Macpi Group (HK) Ltd, two global garment industry machinery suppliers, for the supply of machinery with the agreement to be signed at Sheraton…


Federal Judges Find Prominent Businessman Guilty of Tax Evasion

Judges at the Federal High Court have sentenced today Simachew Kebede, a prominent businessman, to six years, after founding him guilty of failure to file on value-added and corporate taxes. A…


Global Apparel Giants to Launch Production in Hawassa Next Week

Eighteen globally popular textile and apparel companies are to launch production in the first phase of the Hawassa Industrial Park (HIP), scheduled to be inaugurated in the presence of Prime…


Ambitious, Bold Budget

With the reservation over the tax collection performance of the country, the Ministry of Finance & Economic Cooperation (MoFEC) has allocated a 320.8 billion Br budget for the coming fiscal…


Office Rejects Bill to Reform Coffee Market

The Office of the Attorney General has rejected the bill of the Ethiopian Coffee & Tea Development & Marketing Authority establishment, which mainly paralyses the Ethiopia Commodity Exchange (ECX) and…


Horizon Contracts to Redeem Auctioning of Its Properties

The Ministry of Public Enterprises (MoPE) and Horizon Plantations Plc, a MIDROC Group affiliate, finally redeemed the auctioning of Horizon’s properties for failing to settle 1.4 billion Br due to…


Finally, All Laws In One

The Office of the Attorney General compiled and consolidated all proclamations and directives that were proclaimed since 1942, during the regime of Emperor Haile Selassie I. The process restarted two…


Ethiopia Pops Up on FDI Top List

In divergence to the decline of the Foreign Direct Investment (FDI) flow to Africa, Ethiopia sits on top by attracting more FDI for the fourth consecutive year, according to the…


Red Light for Relief Food Stock

The country will run out of relief food stock in the next three weeks, leaving 7.7 million people in need of urgent food assistance, according to a bulletin published by…


Bole Airport Gets Docking Guidance System

The Ethiopian Airports Enterprise (EAE) has installed an Advanced Visual Docking Guidance System, that helps aircraft land safely, at Addis Abeba Bole International Airport with 20.1 million Br. The Enterprise…


EU Pledges Half a Billion Birr for Biogas Program

  The Ministry of Water, Irrigation & Electricity (MoWIE) has unveiled the second phase of a biogas dissemination upscale program in eight regional states, with a fund of 582 million…


Editorial

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Agenda

Although the fall armyworm pest set foot for the first time in Ethiopia...


Fineline

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Commentary

Unlike the East Asian experience, which was industrialisation without e...


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View From Arada

The country has reached the state of emergency because of the negligenc...


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