WB Extends $258m to Overcome Drought, Maternal Death


In the midst of the drought, the World Bank (WB) has approved a quarter of a billion dollars as additional finance for the fourth productive safety net program (PSNP IV)…


Bunna Bank Keeps Its Interim as CEO

The National Bank of Ethiopia (NBE) has approved Bunna International Bank S.C’s board of directors request in assigning its long-serving vice president Tadesse Chienkel, as new Chief Executive Officer (CEO)…


South Sudanese Generals on the Run

High brass military officers in South Sudan, including a former Chief of Staff, are on the run for their lives since Tuesday, May 9, 2017, creating what diplomatic sources say…


State Logistics Monopoly Gets New Boss

Roba Megersa, former deputy director general of the Ethiopian Maritime Affairs Authority (EMAA), has been appointed as the new chief executive officer (CEO) of the state-owned Ethiopian Shipping & Logistics Services Enterprise…


AT LAST, BRIEFLY IN ADDIS ABEBA

Since the final days of Mohammed Siad Barre in the early 1990s, Addis Abeba remains a major congregation for Somalian politicians from Abdiqasim Salad Hassan, the fifth president, to Hassan…


Four DBE VPs Lose Job Over NPL Ratio

Controversy over the Non-Performing Loans (NPL) ratio, an outstanding loans in which borrowers are not paying interest fees or repaying any principal, of the Development Bank of Ethiopia (DBE), has…


Procurement Bill Up for Amendment

A committee formed to study the amendment of the Public Procurement & Property Administration Agency (PPPAA) proclamation has sent its proposal and recommendations to the Ministry of Finance & Economic…


Tribunal Settles Moti, CBM Battle

The Tribunal of Trade Competition & Consumer Protection Authority finally ruled for Moti Engineering Plc, rejecting the claims of CBM Integrates Plc. The case sojourned for two years of litigation…


Chamber’s Proclamation On the Way to Reform

A fifteen-year-old proclamation issued for the establishment of chambers and sectoral associations is up for amendment after a call from the Ministry of Industry (MoI) and the Ministry of Trade…


NBE Scolds Zemen Bank’s President

Regulators at the National Bank of Ethiopia (NBE) have scolded the President of Zemen Bank, Tsegay Tetemke, over alleged approval of loans involving 50 million Br disbursed at various times.…


Food Inflation Hits Double Digits amidst Drought

A week after the government has revealed that there is a drought surge once again in Ethiopia, the Central Statistical Agency (CSA) has reported that food inflation has hit a…


Nile to Bring New Policy Despite Drop in Demand

Despite a decline in demand, Nile Insurance, one of the veteran private insurers, has started an effort to begin a mortgage redemption insurance policy which is designed to insure lenders…


Massive Facelift Occurs at the Policy Bank

The Development Bank of Ethiopia (DBE), the state policy financier, has replaced four of its vice presidents effective as of May 2, 2017. Tadesse Hatiya, vice president of credit management,…


Makeover

Awash International Bank (AIB) announced the change of its logo of 22 years, as part of its re-branding effort. The Bank will now be known as just Awash Bank, with…


Coffee Value Chain Up for Major Reforms

A bill, which will paralyse the Ethiopia Commodity Exchange (ECX) in the coffee export value chain, was finalised last week and sent to Ministry of Agriculture & Natural Resources and…


US Embassy Unhappy with Ethiopian Airlines Staffs, Spouses over Medical Bill

The US Embassy in Addis Abeba is not happy with employees or spouses of the Ethiopian Airlines who travel to the United States, give birth while on visitors` visa and…


Editorial

Putting the enormous damage inflicted on the country aside, the ruling...


Agenda

Before the end of the current fiscal year, city officials are rushing t...


Fineline

The Ministry of Finance, one of the oldest institut...


Commentary

Rent-seeking behaviour is rational. Since the inherent rationality of i...


Viewpoint

A friend of mine who was recently hired as a general manager of a famil...


Opinion

The days seem to be changing. It is raining when it should not, and war...


View From Arada

The recurrent loss of the national football team concerns and embarrass...


Editors Pick














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