Peace Dividend


Samson Redae, 45, is unloading sacks of garments brought from Asmara, Eritrea, to Adigrat, a town located about 38Km inland from the border area in Ethiopia. He is one of the hundreds of Eritreans who cross the border...


Planners to Bless Mega Projects Before Kickoff


The government has devised a new procedure to allow all upcoming mega projects to commence only after obtaining approvals from the National Planning Commission. Planned project owners of government institutions have t...


Gov’t to Ban Livestock Export, Favours Processing


The government is considering a ban on live goat and sheep exports in a bid to encourage exports of processed meat and to ensure quality. To implement this, the Meat and Dairy Industry Development Institute, an office...


Ministry Formalises Steel Structure Work Operations


The Construction Ministry added companies that engage in steel structure related work to a list that requires certification of competence as a prerequisite to obtaining business licenses. The cabinet of the Ministry o...


Board Compels PLCs Adopt Accounting Standards


Within a year, the government will compel private limited companies to adopt the International Financial Reporting System (IFRS), a set of accounting standards that provide a common global language for business activitie...


Nation Greets its 12th Steel Mill


After opening in Dukem this past week, EKOS Steel Mill became the nation's 12th steel mill. Owned by five South Korean investors, the company will manufacture reinforcement steel bars and wire rod, offering job opport...


Small Businesses Graduate to Medium Enterprise Status


The Addiss Abeba Micro & Small Enterprise Bureau of the City Administration certified 208 micro and small business enterprises operating in 10 Districts to medium enterprises last week. This certification is achieved...


Mulegeta Becomes Bunna’s Fourth President


Mulegeta Alemayehu, former vice president of Commercial Bank of Ethiopia, has become the fourth president of Bunna Bank effective September 12, 2018, following in the footsteps of Tadesse Chinkel, Eshetu Fantaye and Nege...


Classy Water Courts Controversy, Ceases Production


Classy Water, bottled by Belay Industrial Plc, has been shut down by the authorities due to water quality issues. A cease and desist order was issued against the bottler on September 20, 2018, a day after a press rele...


City Sets Deadline to Register Street Vendors


The city has set a closing date for the registration of informal businesses with the Addis Abeba Trade Bureau as thousands are left unregistered. Street vendors have until November 10, 2018, to have their businesses l...


Ex-CBE Executive Takes Helm at Bunna Bank


Regulators at the National Bank of Ethiopia (NBE) have approved the appointment of Mulugeta Alemayehu, former vice president of the state owned Commercial Bank of Ethiopia (CBE) as the new President of Bunna Bank, as of...


Show of Force


In keeping with a long line of opposition parties returning home, the leadership of the Oromo Liberation Front (OLF) touched ground in Addis Abeba on Saturday, September 15, 2018. Led by its Chairman, Dawud Ibsa, the...


DONE DEAL


Ethiopia hosted the 33rd extraordinary summit of the Intergovernmental Authority on Development (IGAD) on Wednesday, September 12, 2018. It was attended by the heads of state of Djibouti, Uganda, South Sudan, Sudan, Soma...


Ethio-Eritrean Border Re-opening Fuels Trade


Following the normalisation of Ethio-Eritrean relations and reopening of the border, business activities at the boundary towns are flourishing after two decades of standoff. Major trading activities have been taking p...


Nation’s First Drone Soars High


The Ministry of Science & Technology has successfully launched its first drone, carrying cargo weighing five kilograms and flying at 5,000m altitude. The Ministry invested four million Birr in the pilot project, p...


Ministry Fast-tracks Manufacture of Medical Equipment


The Ministry of Science & Technology is planning to initiate manufacturing of medical equipment in six months and a national steering committee has been formed to implement the plan. The goal is to save the two bi...


New 10b Br Convention Centre to Rise in Addis


The Addis Abeba City Administration plans to invest over 10 billion Br for a new exhibition and convention centre to be built in the heart of the capital. The Convention Centre will occupy nearly 10ha of land encompas...


Two Firms Place Lowest Offers to Supply Nation With Wheat


Amid shortages of wheat supply in the market, the government is spending 1.37 billion Br to procure 155,000tns of wheat. The wheat was tendered under two schemes by the Public Procurement & Property Disposal Servi...


Tourism Bureau to Switch New Library Location


The Addis Ababa City Administration Culture & Tourism Bureau is pondering switching the location of its planned central library from the current location in Yeka District to a new location in Arada District. The c...


City Code Enforcement Officers to Don New Uniforms


The city administration invested close to five million Birr to redesign the uniforms of 4,100 law enforcement officers to combat crimes committed by individuals donning similar uniforms to the ones worn by officers. T...


Djibouti’s Takeover on Doraleh Fans Flames of Dispute with DP World


The dispute between DP World and the government of Djibouti is heating up following the recent move by the East African nation to take direct control of the disputed Doraleh Container Terminal (DCT) by nationalising the...


Noah to Deliver 120 Homes Costing 200m Br


Noah Real Estate Plc, a sister company of Great Abyssinia Plc, is planning to deliver 120 homes for a total cost 200 million Br to owners on Sunday, September 16, 2018. The seven-storey residential complexes, Noah Eas...


Ministry to Seed New Forestry Roadmap


The nation is gearing up to adopt a new 10-year master plan for sustainable forest management. The draft master plan, National Forest Sector Development Program, is developed by the Ministry of Environment, Forest &am...


Rophnan: Roots with Rare Genre


Rophnan Nuri, Rophy, was only 16 when he started producing music, literally six years after his first performance before his classmates. The ninth child of a family of 10, he has gone through a career path as a DJ, compo...


Teddy Afro, Joyous Event in a Fray


The artist Tewdros Kasahun, or Teddy Afro to his fans, and Joyous Event & Promotion, producers of his last Album 'Ethiopia', are embroiled in a tense dispute following an alleged breach of contract by the popular sin...


Home Buyers Leverage Favorable Ruling


Justices at the Federal Supreme Court closed the fierce battle that raged between May Real Estate Development Plc and its 24 home buyers, ordering the may real estate to deliver title deeds to the home buyers. The fiv...


Tax Appellate Commission Goes Operational


A new autonomous tax commission, given authority to hear grievances and appeals from businesses, has begun operations. The Tax Appellate Commission takes over the duties from the dissolved tax council under the Office...


Editorial

The honeymoon appears to have come to an end. Members of the public are...


Agenda

The rapprochement between Ethiopia and  Eritrea has led to the signing...


Fineline

The Revolutionary Democrats concluded their council...


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Commentary

The National Bank of Ethiopia needs to take measures to improve the red...


Viewpoint

I love and respect Prime Minister Abiy Ahmed (PhD). I want him to succ...


Opinion

Back in the middle of June, when all the jubilation and hope was in ful...


View From Arada

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






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