Ethiopia Loses 14.3b Br to Franco Valuta


Ethiopia has lost 14.3 billion Br in franco valuta, a license issued to importers of goods on which no foreign exchange is payable in the past three years. The system…


Power Agency Lights up Gonder with 246m Br

Ethiopian Electric Power has upgraded and expanded a distribution station located in Gonder for 246 million Br. The project took one year to complete, and it has begun operation with…


Premier Inaugurates Jimma Hospital, Park

The first phase of the Jimma Industrial park was inaugurated yesterday with the presence of Prime Minister Abiy Ahmed (PhD), President of Djibouti Ismael Omar Guelleh and President of Sudan…


Difficult Journey

Heavy loads of grass, to be used as feed for cattle, are being transported on donkey-drawn carriages in the town of Assela, in the Arsi Zone of the Oromia Regional…


NOT COMPLETELY USELESS

Following the relocation of the bus terminal at Leghare, in front of the old train station, for the soon to be commenced 50-billion Br La Gare project, many Anbessa buses…


ECX Seat Fetches Record High

The Ethiopia Commodity Exchange has sold a single membership seat for 3.2 million Br, the highest bid price in its young history. The six-round bid was conducted at the head…


NEW LOOK

This is one of the new features of Addis Abeba’s Bole International Airport after its expansion project. The airport’s East Wing Terminal is expected to partially start service by January.…


Parliament Gives Green Light to Census Commission

Parliament approved the members of the Census Commission on November 27, 2018. The newly appointed members of the Commission are responsible for managing and overseeing the upcoming census of the…


Ethiopian to Connect L.A, Addis through Togo

Ethiopian Airlines is set to begin flights that connect Los Angeles with Addis Ababa through the West African city of Lomé, Togo. The flight to Addis Abeba will continue from…


Ireland Grants 10m Euros for Safety Net

The government of Ireland granted 10.4 million Euros for the productivity safety net program. The program aims to enhance and improve vulnerable and food insecure household livelihoods, resilience to shocks,…


Adama Gets First Biodiesel Plant

Africa Power Initiative, a renewable energy company, launched the first biodiesel processing and manufacturing plant yesterday in Adama Industrial Park, Oromia Regional State. The plant has a production capacity of…


Authority Revokes 665 Licences

The city’s Food & Drug Authority suspended the licenses of 665 food and beverage service providers in the first quarter of this fiscal year. The businesses were found providing low…


Six Parks to Begin Operations in Three Months

The operations of six industrial parks in the country will commence in three months, according to the Industrial Parks Development Corporation. The corporation was tasked with building 11 industrial parks…


Coffee, Tea Export Yields 200m Dollars

Over 200 million dollars was generated from 84,000tn of commodities in the first quarter of the fiscal year, including coffee, tea and spices. The boost is attributed to the measures…


JOY OF RUNNING, SELFIES

A group of young women, participants of the 10Km-long Great Ethiopian Run that took place last week, take a selfie at Sidist Kilo. The popular event held annually for almost…


DRASTIC MEASURES

A group of young men watch as fences at a compound previously leased by Midroc Ethiopia and in front of Saint George Church,were brought down. This came after the City…


Four Executives Depart from State Bank

The state giant, Commercial Bank of Ethiopia, has lost four veteran officials. The outgoing chief executives include Abay Mehari, chief credit officer, and Atakelti K. Mariam, chief operations officer, both…


THE OLD AND THE NEW

The 11th Extraordinary Session of the Assembly of the African Union was held at the headquarters of the African Union. Current chairman of the AU, Paul Kagame (front), is leading…


PM Led Council Emerges to Curb Mining Sector Hurdles

The Ministry of Mines, Petroleum & Natural Gases formed a council to address the challenges of the mining sector. The new entity, Council of Minerals Affairs, will be accountable to…


City Continues Land Repossessions

The Addis Abeba City Administration repatriated  28 plots of land across the 10 districts. The city planned to use the repossessed plots for parking services and to create employment opportunities…


Italian Firm Restores Part of Lalibela

The restoration project at Bete Golgotha Mikael Church, one of the rock-hewn churches in Lalibela, was finalised last week. Restoration of the Church was done by the Italian preservation and…


Enterprise Hires Honeywell to Automate Bole Airport

The Ethiopian Airports Enterprise has selected Honeywell Solutions to install smart technologies for the expansion project at Bole International Airport. Honeywell will provide hardware and software-based systems to harmonise the…


Sweden Funds Forest Development

The Swedish government contributed five million dollars to support institutions facilitating forest development in Ethiopia. The program, led by the Environment, Forest and Climate Change Commission, is in partnership with…


Ministry Sues Companies Over Tax Fraud

Fifteen companies face charges after being found transacting goods and services without issuing value-added tax (VAT) receipts. The Ministry of Revenues performed its investigation in 18 different businesses, and police…


Norway Commits $11m for Youth

The Royal Norwegian Embassy pledged 11 million dollars for the third phase of a joint program to support vulnerable young people. The program focuses on youth development and participation. The…




Editorial

An expected consequence of the growing rift between the constituent par...


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

As tobacco companies reap the benefits of weak tobacco controls across...


Viewpoint

If some people came to us with something ambitious we feel is next to i...


Opinion

The procedure followed to increase rents for commercial units managed b...


View From Arada

Ethiopians, like their government, are in overdrive, juggling between j...




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