Bon Hotel’s Third Property Destined for Addis


Bon Hotels, a South Africa-based hotel management company, has partnered with a local property developer to triple its presence in Addis Abeba. Ayal Tizaz, a local businessman, invested 300 million…


Cost of Living Dips on Positive Speculation

Even though headline inflation has shown a slight dip in July 2018, reaching 14pc, it surpassed the average rate of the recently concluded fiscal year by one percentage point. The…


Government Privatisation Advisory Council Forms and Meets

Prime Minister Abiy Ahmed (PhD) set up an advisory council, consisting of 21 members.  The council will advise the government on the process of privatising state-owned enterprises. Council members, formed…


Diageo Introduces Apps to Authenticate Bottles

Diageo Ethiopia Plc, the owner of Meta Abo Brewery and representative office of Johnnie Walker Scotch Whisky, has introduced a new application to confirm products imported by authorized channels. The…


Semegnew Leaves Many in Grief, Doubt

Ethiopians are in shock and in a state of disbelief following the tragic death of Semegnew Bekele, chief engineer of the Grand Ethiopian Renaissance Dam.  He was found dead in…


New Medical Waste Incineration Centres Come to Ethiopia

Ethiopia is constructing the first eight medical waste incineration centres, disposal facilities of medicine and clinical wastes, for a total investment of 440 million Br. Financed by Global Fund, the…


Ministry to Construct New Health Posts

The government is investing 360 million Br to construct 100 health posts across nine regional states and in one city administration. The Ministry of Health will undertake the project with…


DP World, Djibouti Fail to See Eye to Eye

The government of Djibouti and DP World, the UAE port management company, are embroiled in a tense dispute, unable to see eye to eye on the most fundamentals issues in…


Document Registration Agency Set to Erect HQs

The Document Authentication & Registration Agency is set to erect a new 21-storey headquarters on a 2,800sqm lot in Mexico Square along Tessema Aba Kemaw street. The Construction Project Office…


Investment Agency Head Diverts to Investment

The former head of Adiss Abeba Investment Agency, Kidanemariam Berhe, has invested five million Birr to set up a honey processing plant in Tigray Regional State. Sitting on a 1,000sqm…


House Speaker Ends Trademark Saga

Keriya Ibrahim, the Speaker of the House of Federation, has concluded the four-year trademark proprietorship saga by handing the copy of the judgment to the lawyer of Six Continents Hotel,…


State Bank, Employees Reach Accord

The management of Commercial Bank of Ethiopia and the 29,000 employee association members reached an accord over salary adjustments and a proposed restructuring. The recently appointed bank president, Bacha Gina,…


US Grants $170m for Conflict and Drought Victims

Humanitarian assistance from the government of the United States to Ethiopia reached a little over 800 million dollars in the last two years with the latest donation of 170 million…


PRIVATE MATTERS

Yinager Dessie (PhD) (left), governor of the National Bank of Ethiopia (NBE), met with private business players at the bank’s premises, off Sudan Avenue, on July 19, 2018. The Governor,…


Largest Cold Rolling Mill Plant to Break Ground in Bahir Dar

A business wing of the Amhara Regional State is going to invest close to two billion Birr to construct the nation’s largest steel cold rolling mill complex in Bahir Dar,…


Changes Afoot atop Central Bank

A veteran government official, Girma Biru, has assumed the chairmanship of the board of directors at the National Bank of Ethiopia (NBE), heralding a management reshuffle after almost a decade.…


Editorial

Our subscribers to the print edition are entitled to get a bonus in a f...


Agenda

The rapprochement between Ethiopia and  Eritrea has led to the signing...


Fineline

The Revolutionary Democrats concluded their council...


SUBSCRIPTION OFFERS

Commentary

The National Bank of Ethiopia needs to take measures to improve the red...


Viewpoint

Our subscribers to the print edition are entitled to get a bonus in a f...


Opinion

Our subscribers to the print edition are entitled to get a bonus in a f...


View From Arada

The rallies of the past weeks are healthy manifestations of citizens’...






Business Indicators



Editor's Pick
















SUBSCRIBE TO ADDISFORTUNE

MEMBERS' LOGIN

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT


ADVERTISEMENT

 

Verbatim, News Analyis, Lifestyle, Radar and...





 
 



//