CBE Launches Diaspora Mortgage Loan


The Commercial Bank of Ethiopia has set up a mortgage loan for Ethiopians living abroad and foreigners of Ethiopian origin. The mortgage is designed for the diaspora community to be…


Foreign Ministry Undergoes Major Restructuring

The Foreign Ministry will be undergoing a structural reform after it received a seal of approval from Prime Minister Abiy Ahmed (PhD). The Ministry’s restructuring will focus on tactical and…


For the Horn and Beyond

Foreign Affairs Minister Worqneh Gebeyehu (PhD), foreground, met his counterparts, Djibouti’s Mahmoud Ali Youssouf (far left) and Eritrea’s Osman Saleh Mohammed (centre-left), last week at Ethiopia’s Mission in New York.…


ENDA BEZU

In the city of Adigrat, in the Tigray Regional State, where business has boomed since the reopening of the Ethio-Eritrean border, are two massive gates. Standing in the centre of…


TEST OF INNOVATIVENESS

A participant showcases prototype aeroplane, helicopter and a heavy duty vehicle. It was part of a nationwide competition called SolveIt! by iCog Labs, in collaboration with the Humanity+ and the…


STRINGENT CHECKS

Along Africa Avenue, federal police stand guard to carry out security checks on individuals heading to Mesqel Square to celebrate Mesqel, which commemorates the finding of the True Holy Cross…


Berbera Port Construction Set to Commence

The groundbreaking ceremony for the construction of Berbera Port is scheduled to take place on October 11, 2018. The ceremony is expected to take place with of Sultan Ahmed bin…


Louvre Steps Forward with 4th Brand

Louvre Hotels Group signed its fourth hotel management agreement in Ethiopia to convert the locally-branded Waterfall Hotel into Tulip Inn. M.S.A Oil Seeds & Cereals Exporting, the owner of the…


Airport Terminal Partially Commences Service

Ethiopian Airlines’ new passenger terminal has started providing initial services. The passenger terminal is part of an expansion project to ease congestion at Bole International Airport. The current terminal was…


US Kicks Off 2020’s DV Lottery

The United States Embassy in Addis Ababa declared the launch of the 2020 Diversity Visa Program, starting October 3, 2018 and closing November 6, 2018. Visas are awarded by random…


Enterprise Takes Steps to Privatise

The executives of Ethiopian Shipping & Logistics Services Enterprise has started assessing the procedures of privatisation. The assessment is being undertaken to identify resources owned by the enterprise, cooperation areas…


Hyatt Hotel Eyes Addis

Hyatt Hotels Corporation is planning to open new Hyatt-branded hotels in Addis Ababa by the end of the year. Hyatt Addis Abeba will feature 180 guestrooms and will be located…


Mobile Payment Powers Off-Grid Lighting

Lighting Africa, a joint program between the International Financial Cooperation, World Bank and the Mobisol Group, is set to start a mobile phone-based payment system at a national level. The…


Eritrean Refugee Influx: Report

A stark increase in Eritrean refugees flowing into Ethiopia is taking place following the agreement between the two countries that reopened crossing points along their shared borders, according to the…


JOURNEY CUT SHORT

This heavy truck, carrying cement from a factory in Meqele, capital of the Tigray Regional State, tipped over. Seen here are the bags of cement strewn on the ground. Both…


LAUGHTER AFTER MISFORTUNE

Two kids play on a small statue of a lion at Medhanialem Preparatory School, close to Paulos Hospital. They are some of the displaced from the town of Burayu, in…


FILL OF LEFTOVER KHAT

These goats in Mercato are taking their fill of leftover khat, a stimulant flowering plant, that has been discarded for trash. Nearby are kiosks that sell the stimulant. Khat is…


Premier Switch Launches Five-Year Strategic Plan 

Premier Switch Solutions (PSS), a company that provides a banking technology platform for six banks, is prepared to broaden its service and accessibility in the coming five years. PSS plans…


Addis Joins Mega-cities Partnership

Addis Abeba joined the Mega-Cities Partnership Program last week to analyse and control air pollution health risks. The project is designed to assist the city’s environmental bureau in making definitive…


Textiles Generate $25.3m

Ethiopia earned 25.3 million dollars exporting textiles in the first two months of the current fiscal year. The revenue showed an eight percent increase compared to the previous year, and…


Machine to Mow, Grind Emboch

Two additional machines manufactured by Bahir Dar and Gondar universities are all set to mow and grind Emboch, the water hyacinth invader that has bloomed on Lake Tana. The new…


Region to Invest 6b Br for Dam

Tigray Regional State is preparing to build an irrigation dam on Yekaza River for a total cost of six billion Birr. The irrigation will be used to harvest 10,000ht of…


Ethiopia Tops East Africa’s Hospitality

Ethiopia leads in hotel development in East Africa, according to the annual hotel pipeline survey by Lagos-based W Hospitality Group. Ethiopia, in third place in all of Africa, has seen…


ECX Transacts 1.6b Br

The Ethiopian Commodity Exchange (ECX) traded commodities worth 1.6 billion Br last month, transacting 25,000tn of commodities. Coffee took the largest share, contributing 90pc of the trading value followed by soybeans…


NEW YEAR EVE

Dressed in Ethiopian attire, this dance group performed at Mesqel Square last Monday, September 11, 2018. The occasion was the eve of the Ethiopian New Year, which tracks over eight…




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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