The Ethiopian Roads Authority (ERA) has signed an agreement with Rama Construction Plc for the construction of the so far most expensive road project at a cost of 69.2 million…
With its multi-sectoral interventions, the large multinational digital-industrial company General Electric (GE) has introduced its country office to consolidate its businesses on May 18, 2017. Mulatu Teshome (PhD), president of…
The Ministry of Construction (MoC) has finalised a bill for the establishment of a Construction Industry Transformation Council, which is going to be chaired by Prime Minister Hailemariam Desalegn. The…
The first engine manufacturing plant in the country is set to be operational in Meqelle, Tigray Regional State, with a 350 million Br investment from the local military base corporation.…
Addis Abeba City Administration is revamping one of the city’s landmarks, Ethio-Cuba Friendship Memorial Park, in two phases with a 36.4 million Br overhaul. The park, which dates back to…
Habesha Breweries S.C. has started an effort to double up its annual production capacity to 1.5 million hectolitres. The project is likely to cost a billion Br, according to sources.…
Dashen Bank S.C. has received soaring bids, attracting the highest offer of 5,526 Br per share, which is 452pc higher than the Bank’s par value, during its recent auction held…
As the last funding of this fiscal year, the World Bank (WB) has granted 345 million Br to the Vital Events Registration Agency (VERA) with the aim of automating the…
A second attempt of an auction to sell the troubled Else Addis Textile Factory by the Development Bank of Ethiopia (DBE) has failed to attract any bids – a major…
Ethiopia’s pop sensation, Tewodros Kassahun, has released his long anticipated album dubbed “Ethiopia”, thereby taking not only of a huge fan base to ecstasy but also triggering the renewed sale…
After three years of silence, the contentious Access Capital Services S.C. has voted for the embattled Ermias Amelga to continue as a board chairman of the company. The move comes…
Despite a surge in written premiums, insurance companies have suffered a profit decline for the third year in a row, earning 311 million Br in nine months. The profit is…
Bishoftu Automotive Engineering Industries, one of the subsidiaries under the state-owned Metal & Engineering Corporation (MetEC), has set up a cabin manufacturing plant worth 35 million Br. The new facility…
Justices of the Supreme Court have ruled acquitting Fikru Maru (MD), a cardiovascular specialist and hospital owner, overruling an earlier conviction of corruption given by a lower court which sentenced…
Fretsega Real Estate & Construction has partnered with Dusit International Hotels and Resorts and they are in the final stage of bringing a Dusit Thani resort to Ethiopia, with a…
The Commercial Bank of Ethiopia (CBE) has disclosed a 58.6 billion Br surge in deposits to 347 billion Br, twice the amount collected by all private banks, according to its…
Putting the enormous damage inflicted on the country aside, the ruling...
Before the end of the current fiscal year, city officials are rushing t...
The Ministry of Finance, one of the oldest institut...
Rent-seeking behaviour is rational. Since the inherent rationality of i...
A friend of mine who was recently hired as a general manager of a famil...
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