Parliament, Ministries Reach Accord to Ensure Accountability


In an effort to ensure the accountability of the government, parliamentary standing committees signed an agreement with the executive branch on delivering annually targeted performances for each ministry. The signing…


Document Registration Agency Goes Online

The Document Authentications & Registration Agency (DARA) launched an online document registration servicing nine of its branches at a cost  of 5.3 million Br. Developed by Custor Computing Plc, the…


Nexus Hotel Expands Further with 410m Br

Nexus Hotel, one of the locally-branded hotels, has completed a significant expansion with a 410 million Br investment. The development pushed the total number of rooms at the hotel to…


Railway Labour Union Drops Strike after Pay Raise Vows

The management and employees of the Addis Abeba Light Railway Transit (AA-LRT) have reached partial settlement after the management agreed to grant most of the employees’ demands. All of the…


Habesha Weekly Grips Easter Expo Bid

Habesha Weekly, a local event organiser and promoter, made a second high offer of 21 million Br in the span of one week to organise the upcoming Ethiopian Easter holiday…


Dashen Kicks off Mobile Electronic Payment Service

Dashen Bank, one of the nation’s leading private commercial banks, has launched a digital wallet system. The private bank’s electronic service will allow customers to make purchases via their mobile…


City Expands, Renovates Oldest Zoo

The Addis Abeba City Administration is investing 28 million Br for in the renovation and expansion of the Addis Zoo Park Center, located in the Sidist Kilo neighbourhood close to…


Ethiopia, Eritrea On Positive-Sum Road

The last time he was here it was in 1996, two years before his troops advanced into what was then a disputed town, Bademe. The war caused a bloody two-year…


Think-tank Embarks Scrutiny to Detect Commercial Farming Mess

The state policy think-tank launched research to assess the causes behind the non-fulfilments of rain-fed commercial farming. It will also develop a strategy to find a way out of the…


State Bank Switches its Switch

The state giant, Commercial Bank of Ethiopia (CBE), is to launch a new electronic funds transfer system after completing  a pilot project it runs close to a year. The three-quarter…


Aviation Authority Sets to Shine with New HQs

The nation’s air transport administrator is soon to get a new headquarter complex at the cost of 322 million Br paid from the government’s coffers. The new construction will house…


Imitation Cultural Clothes Hit Markets, Raise Concerns

Available for cheaper prices than traditional garments, there is a high demand for chiffon clothes that imitate Habesha kemis. This rising demand is seen as a threat to major stakeholders including small-scale weavers, designers, tailors and retailers that depend on producing and trading traditional Ethiopian clothes. But there is still many who prefer traditional Shemma clothes, with the hopes of winning back the market, reports YONATAN BELAY, FORTUNE STAFF WRITER.


Ethiopia Hails Six Countries to Host Regional Meteorology’s HQs

The government of Ethiopia is going to invest one Billion Birr to construct a new headquarter for the World Meteorology Organization’s (WMO) African Regional Office, a United Nations Agency which…


Habesha Weekly Places Record High Offer to Host Christmas Expo

A local event organiser and promoter won the bid to present the next Christmas holiday bazaar and exhibition by placing the highest ever bid price paid for the venue. Habesha…


Half a Dozen Firms Vie to Furnish Condo Houses with Elevators

Six local companies are vying to supply 82 elevators with an estimated cost of 134 million Br for housing units being built for middle-lower income housing schemes. Racrob Business, Sintec…


Agency Touches Ground to Develop River Basins, Greenery

A new agency tasked with the development and safekeeping of river basins and green areas of Addis Abeba is to be established by the City Council. A proclamation for the…


Editorial

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Agenda

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


Fineline

The Revolutionary Democrats concluded their council...


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


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View From Arada

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






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