Dirty River


This river near Ambassador Theatre, close to Taytu Street, has been a challenge to people residing and working close by. The rainy Keremt season, usually makes the river act up,…


Ethiopian, DHL Form Cargo logistics Provider

Ethiopian Airlines and Dalsey, Hillblom & Lynn Global Forwarding, generally known by its acronym DHL, have signed an agreement to form a joint venture company tasked with cargo logistics services…


Ministry Launches 700m Br Family Planning Project

Ministry of Health launched a family planning project last week worth 700 million Br, funded by the United Kingdom’s Department for International Development. The project will be implemented by Marie…


Procurement Agency Overachieves Target

Public Procurement & Property Disposal Service made procurements of goods and services worth 12.7 billion Br during the recently ended fiscal year. This year’s procurement, made for government institutions, shows…


UAE Grants 50.7m Br to build Shelters

The United Arab Emirates has pledged a 50 million Br donation for the construction of 1,000 shelters for the families of internally displaced people. The Red Crescent of the United…


Public Enterprises Nets 2.8b Br Profits

The Ministry of Public Enterprises declared 37 billion Br in revenue during the recently concluded fiscal year. The Enterprise earned 2.8 billion Br profit from products and 3.7 billion Br from…


WorldRemit Connects with Awash Bank

Awash Bank signs an agreement with WorldRemit, a service that allows people to send and receive money online. The partnership is expected to ease cash transfers to Ethiopia for the…


Port Massawa to Commence Service

The rehabilitation of the port of Massawa has been completed, and it is ready to begin service, according to the governor of the city, Layne Asfahayle. The governor stated that…


Fallen Pole

This pole, which fell on the roof of Tsegaye Asfaw’s house, has been left unattended by the power company for over two weeks even after it was reported. It remains…


Hard Days Work

After finishing their daily work, these women are returning to their residence in the Nifas Silk Laphto district. The women, who cook corn and sell them on the streets, are…


Holes, Poles, Lines

A dangerous hole that has been dug and left exposed along Sierra Leone Street, a.k.a Debreziet Road, is forcing pedestrians to tiptoe around it lest they fall in. The hole…


Electricity Export Generates $81.6m

Ethiopia’s electricity export to Sudan and Djibouti has generated 81.6 million dollars in the recently concluded fiscal year. The Ministry of Water, Irrigation & Electricity planned to sell 1.5 billion…


Parliament Gives Amnesty to Political Dissidents

Parliament has legislated the amnesty proclamation with one objection and one vote abstaining. The proclamation gives amnesty to accused, implicated, charged or sentenced dissidents and allows them to return to…


Saudi Arabia, India Extend Hand to Displaced Ethiopians

Saudi Arabia and India have pledged rice, dates, textbooks and medicine to the one million Ethiopians displaced by inter-regional disputes in Gedeo and West Guji zones. Through King Salman Center…


Merkato Gets Two Parking Lots

Merkato, the largest open market in the city, gets two parking lots at Anwar Mosque constructed for 40.5 million Br. One of the two parking systems is smart parking, while…


Banks’ Reserve Reaches 688b Br

The National Bank of Ethiopia (NBE) announced the reserves of banks in Ethiopia reached a combined 688 billion Br in the first nine months of the recently ended fiscal year.…


Industry Creates Jobs, Generates Revenues

The Ethiopian Metal Industry Development Institute reported that industry has created 16,405 jobs under the small- and medium-scale enterprises sector in the just-ended budget year. Over 2.2 million tonnes of…


Local Firm Invests 140m Br in Flower Farm in Bahir Dar

Abyssinia Horti Plc plans to establish a floriculture farm for 140 million Br. The farm will sit on 100ha of land in Bahir Dar, capital of Amhara Regional State. Currently,…


Tena Oil Expands with 100m Br 

The asset managing company, 54 Capital, is expanding its edible oil company, investing 100 million Br. The new expansion enables the company to produce 50,000lt of sunflower oil a month.…


Creative Dance

The Destino Dance Company performs at the European Union-funded event, Bridging the Gap, held on July 12, 2018, at the Mosaic Hotel. The event focuses on “inclusive policies and services…


Recyclables

A man is standing in the river between Olympia Bole and Bambis searching for items that can be reused or recycled. As the river flows, the man reaches in pulling…


Dishes for Sale

With the excitement of the World Cup that is being held in Russia, this satellite salesperson around Haya Hulet, in front of Golagolle building, has decided to display his product…


Export Keeps Underperforming

Export keeps missing the target during the past 11 months of the just-ended fiscal year. During this period the country generated only 2.5 billion dollars in revenue from export, which…


Red Cross Provides Relief to the Displaced

International Committee of the Red Cross (ICRC) and Ethiopia Red Cross Society are going to start providing relief to 100,000 people displaced in Kochere district, Gedeo zone due to the…


City’s Gets 29.7b Br from Tax

Addis Abeba Revenue & Customs Authority collected 29.7 billion Br tax revenue in the first 11 months of the last fiscal year. The authority planned to collect 35.5 billion Br,…




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...


SUBSCRIPTION OFFERS

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...




Business Indicators



ADVERTISEMENT


Editor's Pick
















SUBSCRIBE TO ADDISFORTUNE

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT


ADVERTISEMENT







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






//