Skyrocketing Rental Fee Stokes Outrage


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…


Central Bank to Raise Insurer Investment Ceilings

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…


Agency Schedules Overdue Census for April

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…


Claims Control Boosts Oromia’s Profit

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…


New Regulation Broadens Energy Authority’s Scope

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…


Judges Re-up 14-Day Custody of Kinfe for Third Time

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…


Authority Shuts Nightclubs Down for Noise Pollution

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…


Project Valued at 1b Br Brings Water to Dire Dawa

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…


Judges Grant Police Custody Right on Kinfe, Brother for Third Appeal

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…


Al-Amoudi’s Ethiopia Asset Over $1.2b

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…


President Girma Passes Away at 94

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 on Pathway to Join Continental Free Trade Area

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…


Regulator Remits Bank Fines for Failure to Train Staff

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…


Local, Chinese Firms Team Up to Furnish Nile’s HQs

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…


Technology University, Students at Standoff

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…


Rigorous Law Approaches to Dispirit Tobacco, Alcohol Use

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…


Authority Awards 16b Br for Road Projects

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,…


City to Construct Primary Dump Sites

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…


Inflationary Pressure Continues to Ease

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,…


New Bottled Water Hits Market

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…


Nyala’s Profit Tops Private Insurance Industry

Nyala Insurance reported the highest profit in the industry for two successive years, registering 141.3 million Br in net profit, a 22pc increase from last year. Nyala topped its closest…


Passport Tease

Over the past few months, Ethiopians heading to the Main Department for Immigration & Nationality Affairs Office to renew their passports or obtain new ones have found out that it…


Task Force Emerges to Revamp Tax Regime

A new task force formed to revamp the tax regime of the nation has begun operations with the primary aim of increasing tax revenue. The task force started operations two weeks…


State Bank Undergoes Major Reshuffle

Commercial Bank of Ethiopia, which has been undergoing massive reshuffles, appointed four new vice presidents to fill executive positions left open after recent reassignments and departures. Muluneh Aboye, Emebet Melese,…


Authority Eases Registration, Licensing for Medicine

The Food & Drug Authority, the nation’s food and medicine regulator, has issued a circular to ease the registration and licensing requirements for medical supply equipment importers. The Authority’s circular,…




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

Ethiopia’s economy is at a crossroads. The same old advice will not s...


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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