Two Foreign Firms Vie to Supply Steam Coal


Two international companies are vying to supply steam coal which will be distributed to cement factories operating in the country. The procurement would likely cost the country close to 50…


Football Federation Endeavours to Acquire HQs

The nation’s football federation is attempting to acquire a five-storey headquarter building for the fourth time. The acquisition would cost the federation over 70 million Br. The Ethiopian Football Federation…


Capital’s Audit Gap Shrinks by 15pc

The Addis Abeba City Administration’s Auditor General’s Office uncovered 767.8 million Br of audit gaps and financial irregularities in the last fiscal year Sixty of the city’s agencies had their…


Commercial Bank Mang’t, Labour Union Dispute Heats Up

The Labour Union of the state-owned giant Commercial Bank of Ethiopia (CBE), and the management of the bank are in dispute as CBE undergoes restructuring. The Labour Union, which has…


Austere Budget Passes Without a Hitch

Parliament unanimously passed the federal government’s budget for 2018/19 last Friday, July 6, 2018. Standing at 346.9 billion Br, it is five percent lower than the previous year’s budget in…


Huawei Loses Appeal on Trademark Royalties

The Ethiopian Revenues & Customs Authority (ERCA) has rejected a claim made by Huawei Technologies Ethiopia Plc of paying trademark royalties to its mother company. Accordingly, the company is compelled…


PM Office Orders Transfer of Lemi Valley to Corp.

The Office of the Prime Minister has ordered the Ministry of Communications & Information Technology (MCIT) to transfer the lone ICT-Park, a.k.a Lemi Valley,of the country to the Industrial Parks…


Nation’s Budget Gets Approval Amidst Anxiety in Tax Collection Capacity

With all the anxiety and reservation of the tax revenue’s ability in covering 68pc of this year’s budget, the legislators have approved a 346.9 billion Br budget for the newly…


Two Companies Win Bids to Construct 22 Silos

Two construction companies won bids to construct 22-grain silos, designed to be used in case of disasters in two regional states, for a total of 1.45 billion Br. The Chinese…


Ethiopia Calls for $118m Aid for Displaced People

Ethiopia requires 118 million dollars in humanitarian assistance for the nearly one million internally displaced people following inter-regional disputes of Gedeo and West Guji zone. The funding is needed to…


City to Set Up Complexes to Rehabilitate Farmers

Addis Abeba City Administration is set to construct complexes to rehabilitate displaced farmers in five of its districts at a cost of 420 million Br. The beneficiaries of the project…


Cost of Living Escalates While Fiscal Year Comes to a Close

Headline inflation, which has been falling for the past three months, went up to 14.7pc in June, according to the latest consumer price index from the Central Statistical Agency (CSA).…


Authority Invests Further to Boost Road Coverage

Ethiopian Roads Authority (ERA) is spending 5.5 billion Br to upgrade and construct 279Km roads in four regional states of the country. The roads are located in Amhara, Oromia, Benishangul…


Ethiopia’s MK Bags Destine for Europe

A Korean leather-bag manufacturer generated 33,344 dollars in its first export of Michael Kors (MK) handbags, one of the world’s trendy products, to Europe and New Zealand. The export-oriented company,…


blueMoon Gets Seed for Agri-Tech Lab

blueMoon launches an innovation laboratory dedicated to growing productivity in the agriculture sector. For its establishment, the Danish International Development Agency (DANIDA) has pledged 1.1 million dollars. During the 2018…


State Banks Welcome New Bosses

The two state banks, the Commercial Bank of Ethiopia (CBE) and the Development Bank of Ethiopia (DBE) have received new heads, Bacha Gina and Haileyesus Bekelle, respectively. Sintayehu Woldemicahel (PhD),…


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






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