Renegotiation Brings Back La Gare Eagle Hills Project


After a two-month delay caused by differences on land lease payments, Prime Minister Abiy Ahmed (PhD) cut the ribbon for the 50-billion-Br La Gare Eagle Hills Project early last week.…


PetroChina Lands Low Bid to Freight Nation’s Petroleum

PetroChina offered the lowest bidding price of 27 billion Br to freight nearly 2.2 million tonnes of petroleum products in 2019. Three international companies, Vitol, Trafigura and PetroChina, bid on…


Shegole and Qality to Get Bus Depots Valued at 1.3 billion Br

Two bus depots are under construction and are expected to be operational in three months time. Located in Shegole to the north and Qality to the south of Addis Abeba,…


Transport Authority Spends 45 million dollars for an Integrated Transport Management System

The Federal Transport Authority will institute a digital system that integrates traffic and transport management systems. By the time it is operational, it will have cost the Authority an estimated…


Ethiopia Signs $123m Grant Agreement With African Development Bank

Ethiopia signed a grant agreement for 123 million dollars with the African Development Bank (AfDB) to be used in support of basic services. The agreement was signed at the Ministry…


Trade Bureau to Launch Application to Ease Registration Hassles

The city Trade Bureau is launching a new online application in an effort to ease the process of acquiring certificates of competency, trade registrations and business licensing. The new system,…


Berhan Bank Reports Slight Earnings Increase but Returns Fall for Shareholders

Berhan Bank, one of the late entrants to the private banking industry, posted a slight profit increase during the last fiscal year, recording 327.85 million Br. The firm’s shareholder return…


Judges Order Police to Bring Investigation Evidence on Ex-Security Deputy Head

Judges at the Federal High Court have ordered Police to present preliminary evidence showing probable cause from their investigations on Yared Zerihun, former deputy director of the National Intelligence &…


Federal Judges Deny Bail Rights to an Official, a Businessman in MeTEC Probe

Judges at the Federal High Court of 10th Criminal Bench have denied the bail request of Assefa Yohannes (Col.), head of Ethiopia Power Engineering Industry of MetEC, who was suspected…


FOR THE REGION, BY THE REGION

It was a cheerful Worqneh Gebeyhu (PhD) (second from left) that chaired the Intergovernmental Authority on Development’s (IGAD) 66th extraordinary session of the Council of Ministers. It came two days…


Wonji Sugar Factory Up for Privatisation

A local share company has started negotiations with the government to buy the oldest sugar estate, Wonji Shoa Sugar Factory, with an offer of 11 billion Br. In a letter…


The Presumption of Innocence Before the Courts Establish Guilt

Slowly but consistently, public opinion towards the state-owned Metals & Engineering Corporation (MetEC) has been turning negative since its establishment in 2010. The military-industrial conglomerate had begun to seem less…


Water Pours From 1.2b Br Wells in the City

Addis Abeba city administration inaugurated eight water wells at a cost of 1.2 billion Br on Saturday, November 18, 2018. The wells are located at Kilinto, Keye Fechi and Tuludimitu…


Gov’t Invests in Standard Agency’s Training Academy

The Ethiopian Standard Agency is building a training academy at a cost of 300 million Br. The academy will consist of two structures, a seven-storey building, which mainly consists of…


World Bank Restores “Trust” with Ethiopia’s Gov`t

The World Bank appears to have regained its confidence and restored its “trust” in the government of Ethiopia to resume direct budgetary support, after years of interruptions following electoral disputes.…


Debub Unveils New Premium Branch

Debub Global Bank, one of the youngest financial institutions in the country, has become the third bank to open a premium branch. Located near Medhanialem Church in Bole District, the…


Companies Begin Bid for Multi-Mission Satellite Receiver

Eight international companies are bidding to supply a multi-mission earth observation satellite receiver and tracking equipment for the Ethiopian Space Science & Technology Institute. The satellite receivers will be used…


Digata Hands Over Soil Test Center

Digata Industries Inc handed over the one-million-dollar National Soil Test Center, which has been in dispute for the past four years. It also received a payment of 270,000 dollars. The…


United’s Deal to Insure Domestic Workers Faces Protest

Seven insurance companies are protesting the recent award given to United Insurance to provide coverage to an estimated one million domestic workers traveling to the Middle East. The companies lodged…


The Consumer Continues to Pay the Price

Some good things have come out of policies directed to achieve the Growth & Transformation Plans, evident in the foreign direct investment the nation attracts. But there have also been…


Abay Bank Emerges with Outstanding Performance

Abay Bank reported a 66pc rise in its net profits, which reached 317 million Br during the last fiscal year. Shareholder return also reached 284.2 Br a share, a 19.2pc…


Staff Sue Abay Radio For Unpaid Salaries

Employees of Abay FM Radio, one of the 12 private radio stations, took the company to court by claiming unpaid salaries since September. Filed on October 30, 2018, at the…


Suspects of Corruption Probe, Alleged Human Rights Abuse Appear Before a Judge as Late as 9pm

A Court has denied 64 suspects the right to bail when federal police brought them before a federal judge at the 10th Criminal Bench of Lideta Division, as late as…


Fed Begins High Level Probe on Corruption Allegations

Police have arrested 63 individuals, 27 of which are suspected of alleged corruption, Berhanu Tsegaye, the attorney general, confirmed at a press briefing broadcast live today. The entire investigation took…


FOR WOMEN AND PEACE

Dagmawit Moges (left), minister of Transport, and Ergoge Tesfaye (PhD), minister of Labour & Social Affairs, were at the headquarters of the Economic Commission for Africa on November 5, 2018,…




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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