CONSOLIDATE


With its multi-sectoral interventions, the large multinational digital-industrial company General Electric (GE) has introduced its country office to consolidate its businesses on May 18, 2017. Mulatu Teshome (PhD), presi...


Construction to Get PM Led Council


The Ministry of Construction (MoC) has finalised a bill for the establishment of a Construction Industry Transformation Council, which is going to be chaired by Prime Minister Hailemariam Desalegn. The draft regulatio...


The First Engine Factory Opens in Meqelle


The first engine manufacturing plant in the country is set to be operational in Meqelle, Tigray Regional State, with a 350 million Br investment from the local military base corporation. Named as Mekelle Engine Produc...


Iconic Ethio-Cuba Park Gets Facelift


Addis Abeba City Administration is revamping one of the city’s landmarks, Ethio-Cuba Friendship Memorial Park, in two phases with a 36.4 million Br overhaul. The park, which dates back to the 1970s, has been refurbishe...


Habesha to Expand in Budding Brewery Industry


Habesha Breweries S.C. has started an effort to double up its annual production capacity to 1.5 million hectolitres. The project is likely to cost  a billion Br, according to sources. The company, whose market share...


Inflated Share Offers for Dashen


Dashen Bank S.C. has received soaring bids, attracting the highest offer of 5,526 Br per share, which is 452pc higher than the Bank’s par value, during its recent auction held for shares returned by four foreign nation...


WB Gives Hand for Registration of Vital Statistics


As the last funding of this fiscal year, the World Bank (WB) has granted 345 million Br to the Vital Events Registration Agency (VERA) with the aim of automating the registration process in the country. The loan agree...


Second Time Auction of ELSE Grabs No Attention


A second attempt of an auction to sell the troubled Else Addis Textile Factory by the Development Bank of Ethiopia (DBE) has failed to attract any bids - a major setback for the policy bank that seeks close to a billion...


Teddy Afro Online, Offline


Ethiopia's pop sensation, Tewodros Kassahun, has released his long anticipated album dubbed “Ethiopia”, thereby taking not only of a huge fan base to ecstasy but also triggering the renewed sale of the legendary Amha...


Access Capital Bursts Back on the Scene, Keeps Ermias as a Chairman


After three years of silence, the contentious Access Capital Services S.C. has voted for the embattled Ermias Amelga to continue as a board chairman of the company. The move comes a year and a half after the Board of Dir...


Insurers’ Profit Dives Despite Surge in Premiums


Despite a surge in written premiums, insurance companies have suffered a profit decline for the third year in a row, earning 311 million Br in nine months. The profit is 11pc lower compared to the same period last year.


Ethiopia Gets a Cabin Manufacturing Plant


Bishoftu Automotive Engineering Industries, one of the subsidiaries under the state-owned Metal & Engineering Corporation (MetEC), has set up a cabin manufacturing plant worth 35 million Br. The new facility has a...


Supreme Court Exonerates Fikru Maru, After Serving Four-Year of a Sentence


Justices of the Supreme Court have ruled acquitting Fikru Maru (MD), a cardiovascular specialist and hospital owner, overruling an earlier conviction of corruption given by a lower court which sentenced him to four years...


Dusit Thani Resort Coming to Ethiopia


Fretsega Real Estate & Construction has partnered with Dusit International Hotels and Resorts and they are in the final stage of bringing a Dusit Thani resort to Ethiopia, with a 150 million dollar investment. The...


CBE’s Deposits Swell Despite Industry Downturn


The Commercial Bank of Ethiopia (CBE) has disclosed a 58.6 billion Br surge in deposits to 347 billion Br, twice the amount collected by all private banks, according to its nine-month performance report. A similar sur...


WB Extends $258m to Overcome Drought, Maternal Death


In the midst of the drought, the World Bank (WB) has approved a quarter of a billion dollars as additional finance for the fourth productive safety net program (PSNP IV) and health care services. This deal comes just...


Bunna Bank Keeps Its Interim as CEO


The National Bank of Ethiopia (NBE) has approved Bunna International Bank S.C's board of directors request in assigning its long-serving vice president Tadesse Chienkel, as new Chief Executive Officer (CEO) of the Bank.


Editorial

It is not unusual to hear people preferring not to file cases before th...


Agenda

Two weeks ago, the state celebrated the seventh national Justice Week a...


Fineline

Having their roots deeply entrenched in the leftist...


Commentary

While regulatory interventions and control are necessary to the healthy...


Viewpoint

Do citizens trust the Ethiopian government? Ask a rational person this...


Opinion

Sitting forlornly at the local barber shop, for the occasional trim, I...


View From Arada

Referring to the historical and cultural commonness of the people of Et...


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