In a franchise arrangement, an Ethiopian businessperson and a Belgian firm are setting up a chemical manufacturing plant in Debre Berhan, Amhara Regional State, to supply the food and beverage…
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…
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.…
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…
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…
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…
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…
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, 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…
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…
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…
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…
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…
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…
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…
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.…
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 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…
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…
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…
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…
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…
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…
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 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…
With a reformist administration in charge of the executive, there has b...
The new electricity tariffs that became effective on December 1, 2018,...
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Egyptian companies are about to sue the federal government over their i...
A recent photo between Prime Minister Abiy Ahmed (PhD) and George Soros...
The future is bleak. Millennials and younger generations who will inher...
There is heated debate on the propriety, decency and morality of breast...
