A former senior staff for the United Nations has been appointed to chair the state owned but troubled bank, the Development Bank of Ethiopia (DBE). Tegegnework Gettu (PhD), former regional…
Twenty ambassadors appointment by President Sahle-worq Zewdie was made yesterday.
Hundreds of tenants for state owned commercial housing in Addis Abeba protested the recent steep rental fee increase, marching today to the head office of the Federal Housing Corporation. The…
Last week was not business as usual for the TPLF – a senior member of the coalitions in the ruling EPRDF. The party lost the support of its allies on…
The Development Bank of Ethiopia (DBE), the state policy bank, repossessed the textile plant of Ayka Addis Textile & Investment Group from its defaulted Turkish owners . The decision was…
The Federal Housing Corporation’s first increase in commercial rental fees in 43 years in Addis Abeba has caused significant tumult among the business class across the city. In a letter…
The central bank is amending its directives to raise insurance company investment ceilings on acquisition and construction of buildings; and to ease the maximum liquidity level imposed by the central…
The long-awaited census, the fourth in the nation’s history, will be held between April 7 and April 22, 2019. Initially scheduled to be conducted in November 2017, the census was…
The decade-old Oromia Insurance Company registered one of the highest growth rates in the industry for the second year in a row. The insurance firm grew its net profits by…
The Council of Ministers approved a regulation that empowers the Ethiopian Energy Authority to regulate energy efficiency performance standards of equipment and appliances. Approved on December 15, 2018, the 40-page…
Police have brought an additional six allegations against Kinfe Dagnew (Maj. Gen), former head of Metals & Engineering Corporation (MetEC) and a suspect in crimes of corruption, making the sum…
Following grievances lodged by residents, Bole District Environment Protection Authority shut down 14 nightclubs in the Gerji, area accusing them of creating noise pollution. The district revoked the licenses of…
The city of Dire Dawa has welcomed the completion of 14 potable-water wells built at a cost of one billion Birr with financing from the World Bank and the city…
Federal Judges have granted Police appeal to keep under custody Kinfe Dagnew (Maj. Gen), former head of Metals & Engineering Corporation (MetEC), who is suspected of grand corruption, yet for…
Mohammed Al Amoudi’s (Sheikh) vast assets in Ethiopia amount to only his second largest after those in Sweden, according to the Bloomberg Billionaires Index. The index shows that his assets…
Former President of Ethiopia, Girma Wolde-Giorgis, who has been under treatment at the Nordic Medical Centre, passed away yesterday at the age of 94. Hospitalized for the past two weeks,…
Ethiopia is negotiating to enter the African Continental Free Trade Area, which aims to create a free, single continental market for goods and services. Last week, the latest negotiation was…
The central bank has remitted 40.1 million Br in fines it levied on seven banks that failed to invest two percent of their expenses on staff training. In a letter…
A partnership between local and Chinese construction companies has won a deal to finish the headquarters building of Nile Insurance for 872 million Br. Rama Construction and China Jiangsu International…
The management and students of the Addis Abeba Science & Technology University, one of the 45 public universities in the country, have been at loggerheads with each other since December…
A bill, which has stringent rules on the use, sale, advertisement and retail of tobacco and alcohol, has reached the final stages of legislation in parliament. Drafted by a joint…
The Ethiopian Road Authority signed agreements for the construction of a network of roads totaling nearly 724Km for 16.3 billion Br. The agreement encompasses 10 road projects across Amhara, Oromia,…
The Addis Abeba Solid Waste Administration Agency is set to build 74 primary dump collection sites across all districts of the city. They will replace the current 819 open-air dump…
Headline inflation, which has drifted upward to double-digit figures for the past 15 monthes, edged down to 10.6pc. The rate, which is considered an indicator of the cost of living,…
A new bottled water brand, Tena Water, will join the thriving water bottling industry. Built in Sorowereda, Hadiya Zone in the Southern region of the country, the project is owned…
With a reformist administration in charge of the executive, there has b...
The new electricity tariffs that became effective on December 1, 2018,...
Who it is that midwifed the rapprochement between E...
Desert Locusts have been costly to combat, because efforts are made aft...
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...
