Plastic Factory Expands with DBE’s Bolstering


NF Plastic, a subsidiary of Sunshine Group, has undergone an expansion with 17 million Br in investment equipment lease financed by the Development Bank of Ethiopia. The construction of the…


Salt Producers Join Hands to Curb Iodine Deficiency

In a bid to join hands and curb challenges in the industry, close to 15 iodized-salt producing companies have formed an association. The Ethiopian Iodized Salt Producers Association, which was…


Federal Supreme Court Vice President Announced

Prime Minister Abiy Ahmed (PhD) has nominated Solomon Areda as vice president of the Federal Supreme Court. More to come.


Comm’n on Environment, Climate Gets New Boss

The newly formed federal commission in charge of the environment, forestry and climate change has a new boss in Fekadu Beyene (Prof.), former minister of Livestock & Fisheries. His appointment by…


Central Bank Governor Becomes ECX’s Board Chairperson

Yinager Dessie (PhD), governor of the National Bank of Ethiopia (NBE), has been appointed the board chairperson of the Ethiopian Commodities Exchange (ECX), replacing Sani Redi. The newly formed ECX…


Premier Appoints Beyene to Head Public Enterprise Agency

Prime Minister Abiy Ahmed (PhD) has appointed Beyene G. Mesqel, an experienced hand in the sector, as a director general of the newly restructured Public Enterprises Holding & Administration Agency…


Your Turn, Madam President!

Former President Mulatu Teshome (PhD) gestures to his successor, Sahleworq Zewde, to take the centre spot for a photoshoot just outside of parliament’s main hall. She is a most celebrated,…


Central Bank Fines Seven Banks for Failing to Train Staff

The central bank has levied 40.1 million Br in fines on seven banks for failing to invest two percent of their expense on staff training last financial year. In a…


Private Sector Promise for Biofuel

A new bill is in the works to allow the involvement of the private sector in development, production, distribution and the sale of biofuel energy. The law will be the…


The 71-year-old Chamber Elects First Female President

The 71-year old Addis Ababa Chamber of Commerce & Sectoral Association elected its first female president. The election for two-year term board director seats was also chosen during the Association’s…


City Merges River Revitalization Projects

Addis Abeba City Administration will cancelled a tender floated for the rehabilitation of Banteyiqetu River, which stretches from Urma Garage to Afincho Ber. The project will instead be integrated into…


United Posts High Profits, Moderate Share Earnings

United Bank has declared a 50pc growth in its net profit, registering 573.6 million Br last financial year. The Bank also witnessed an increase in its earnings per share, amounting…


Wub Water to Hit Market in Month

Nared General Trading, a pharmaceuticals import and wholesale company, invested 140 million Br to set up a water bottling company in Ch’aCh’a wereda of Debre Birhan, Amhara Regional State. The…


Ministry, Consultant Quarrel Over Research Ownership

The Ministry of Industry is engaged in quarrel with a consultant over the ownership of a study conducted for the formation of a public institution that imports and supplies industrial…


Authority Awards the Year’s Largest Road Project

The Ethiopian Road Authority has signed deals for the construction of 600Km of new roads at a cost of 13.8 billion Br. The award is the Authority’s third, but the…


Haile Resorts Expands to Gonder

Haile Hotels & Resorts is in the final stages of finishing its sixth resort, this one in Gonder, after spending 15 million Br to renovate Landmark Hotel. Haile Resorts Gonder…


National Parks Receive New Management Plan

The 13 national parks in the country will receive a 10-year management plan, which aims to protect and preserve the park. Prepared by Ethiopian Wildlife Conservation Authority, the Management Plan…


Sahleworq Zewde Unanimously Voted In as President

Parliament has unanimously approved the presidency of Sahleworq Zewde. Sahleworq was a career diplomat for Ethiopia and served as an ambassador to Djibouti and France. She was also a senior…


Mesenbet Becomes First Female President of City Chamber

Former president of Abay Bank Mesenbet Shenkute has become the first female president of the Addis Abeba Chamber of Commerce & Sectoral Association.


President Mulatu Teshome (PhD) Resigns

Mulatu Teshome (PhD), who has been serving his country as a president for the past four years, has tendered his resignation to a joint session of both legislative houses today.…


NEW CABINET, NEW MOTION

Muferiat Kamil (left), a newly appointed head of the newly established Ministry of Peace, which will oversee the Information Network Security Agency and the National Intelligence & Security Service among…


MetEC Loses Another Mega Project

The state-owned military-industrial conglomerate, Metals & Engineering Corporation (MetEC), has lost another contract,  Yayu Multi-Complex Industries. This is the latest mega project terminated by government action. The decision to cancel…


New Procedures Intercept Tax Exemption Abuses

In a bid to ensure transparency, the government has introduced a new system that compels public institutions to submit quarterly reports of tax holidays and incentives they grant investors. The…


‘Competence, Gender Constitute’ Cabinet

The new cabinet composition of Prime Minister Abiy Ahmed`s (PhD) administration, formed based on gender equity and competence, brought in 10 new faces to ministerial posts. The new cabinet also…


Orchid Loses Fierce Court Battle Over Machinery

Justices at the Cassation Bench of the Supreme Court closed a five-year court battle between former business partners over machinery ownership, awarding Yonas Kassahun three pieces of construction equipment valued…




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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