Dashen Launches New App


Dashen Bank, one of the pioneer private banks, has launched a social media and money transfer application. The Bank in, collaboration with Moneta Technologies, launched an app named Meda that…


Disposal Agency Generates 22m Br

The Public Procurement & Property Disposal Service collected 22 million Br from the disposal of used car batteries, tires and toner cartridges. The disposal work was done within the last…


WFP to Relieve Port Congestion

The Ethiopian Maritime Affairs Authority has signed an agreement with the World Food Program (WFP)to relieve congestion at the Port of Djibouti and to develop human capital. The agreement enables…


City Generates 8.4b Br in Three Months

The Addis Abeba City Administration Revenues Authority collected 8.4 billion Br in tax revenues in the first quarter of the current fiscal year. The Authority plans to collect 8.5 billion…


Apparel Factory Shines in Tigray

ITACA textile, an Italian apparel manufacturer, launched its factory in Tigray Regional State. The Company invested 15 million dollars in the construction of the factory. ITACA will engage in producing…


Addis Build

  Demeke Mekonnen, deputy prime minister, and Aisha Mohammed, minister of Construction, speak at the opening of an exhibition entitled Addis Build, held at Millennium Hall on October 10, 2018.…


More Digging

This walkway in the middle of Addis Abeba, near Commercial Bank of Ethiopia’s new headquarters is under construction, around National Theatre, is being dug up for construction works, with the…


Addressing Dust Pollution

A street is doused with water in Qality, Addis Abeba. Construction is being undertaken on the road to improve the road network there. But in the meanwhile, plumes of dust…


Gov’t Slashes Eight Ministries

The Council of Ministers approved the merger of eight ministries and the formation of two new ministries. The Council, during its assembly last week, reduced the number of cabinet members…


Adama Welcomes Industrial Park

Adama inaugurated a new industrial park last week that was constructed for 140 million dollars. The industrial park is expected to generate 40 million dollars in revenue a year and…


Ethiopia Secures 696m Br from Italy

Ethiopia and Italy signed a 696 million Br loan grant agreement for urban water and sewerage development. The agreement was signed by Admasu Nebebe, state minister of Finance & Economic…


Engine Maintenance Plant Breaks Ground

Ethiopian Maintenance & Engineering Services, the largest and oldest aircraft maintenance centre in Africa, has become the first on the continent in repairing the GEnx Engine. The GEnx (General Electric…


Parliament Ratifies Loan for Industrial Parks

During its first assembly, parliament ratified a 121.7-million-dollar loan agreement signed between Ethiopia and the International Development Association (IDA) for the financing of competitiveness and job creation. The loan will…


Ministry Allows Private Sector to Invest in Power

Private investors have received a green light to invest in electric power without any limitations. Seleshi Bekele (PhD), minister of Water, Irrigation & Electricity, broke the news at the opening…


Ethiopia Becomes Africa’s Ninth Wealthiest Nation

The AfrAsia Bank of Africa ranked Ethiopia the ninth wealthiest country on the continent with 60 billion dollars. South Africa, Egypt, Nigeria and Morocco lead the pack on the total…


Vaccination Center Established in Bishoftu

A livestock vaccination production plant was inaugurated in Bishoftu, Oromia Regional State. Funded by the Food & Agricultural Organization and the United Nations, the vaccination plant was completed at a…


Musical Drama for Unity

A musical drama was performed during the EPRDF’s convention in Hawassa last week. The performers were dressed in traditional outfits representing the various lingo-cultural groups in Ethiopia, complementing the convention’s…


Lunch on edge

Daily labourers sit at the edge of an unfinished building  at a construction site infornt of Bole Medehaniyalem, in the Bole District, for a lunch break. These scenes are common…


TENT END

A tent is set up for a funeral ceremony completely closing off this street in Qera. Vehicles are barred from passing through and pedestrians are forced to pass gingerly without…


Ethiopia Secures £176m Grant

Ethiopia signed a grant agreement with the United Kingdom for 176 million pounds. The agreement was signed on October 5, 2018, by Admasu Nebebe, state minister at the Ministry of…


Railway Corporation’s CEO Resigns

The board of the Ethiopian Railway Corporation has appointed Yehuwalashet Jemere as an acting CEO following the resignation of Berhanu Beshah (PhD), effective October 1, 2018. The Corporation’s board has…


Dashen Donates to Support IDPs

Dashen Bank, one of 16 private banks in Ethiopia, donated five million Birr to support internally displaced people in Ethiopia. The grant agreement was signed between Asfaw Alemu, president of…


Bale Robe Airport Goes Operational

Bale Robe Airport, located in Oromia Regional State, began services after its inauguration last week. The Ethiopian Airlines started a domestic tri-weekly service to the airport on Wednesdays, Fridays and…


National Plan to Prevent Diseases Emerges

A five-year national plan, One Health Strategic Plan, that will enable Ethiopia to prevent, control, and respond to new and known infections was launched today. A memorandum of understanding, to…


Abay Bank Joins WorldRemit

Abay Bank has become the latest private bank to join WorldRemit, a money transfer agent. The new partnership further increases WorldRemit’s footprint in the country, which has previously partnered with…




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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