MetEC Boss Tenders Resignation


The founding CEO of the Metal & Engineering Corporation (MetEC), Kinfe Dagnew (Maj. Gen.) has tendered his resignation from office, after serving Ethiopia's military industrial complex for eight years. MetEC start...


CHARM OFFENSIVE


Prime Minister Abiy Ahmed (PhD) has continued to charm the nation, addressing the public from east to west to north, last week. His latest appearance was in Meqelle, the capital of the Tigray Regional State, where thousa...


Deloitte Seals A Sweet Deal to Overhaul Mang’t Strategy For United


Deloitte East Africa sealed a deal to redesign a 12-year management strategy for United Bank, dubbed as "strategy 2030" for an estimated cost of 21 million Br to 25 million Br. The agreement was signed yesterday April...


Bon Hotels Doubles Brand in Addis


Bon Hotels, the South African hotel management company, doubled its brand in Ethiopia after partnering with Bahiru Abraham to open an 82-room hotel on African Avenue. The hotel management company and the local propert...


New Organ Takes Shape to Manage Public-Private Partnership


A bill is underway to establish an autonomous body that will manage the structural and legal framework of the Public-Private Partnership (PPP) agreements, which did not exist in the country before. The Ministry of Fin...


Oldest University to Obtain a New Building


Yotek Construction Plc wins a 700 million Br project to construct a 12-storey dormitory for 2,000 medical science students of Tikur Anbessa Specialized Hospital (TASH). The newly elected president of Addis Abeba Universi...


Defected Books Cost Regional State 50m Br for Replacement


The Oromia Education Bureau has started developing content for textbooks and teachers' guide to replace disposed books. The books had errors in language and vague descriptions of words used in the books. A group of 12...


Faffa Faces a Charge for Alleged Price Gouging


Faffa Food S.C, the half a century old and pioneer of the food processing industry in Ethiopia, faced a legal suit by the Trade Competition & Consumer Protection Authority (TCCPA) for allegedly gauging prices. Fed...


Trio Tie Up to Digitise Judiciary, Executive


A joint venture (JV) of the three technology companies won the right to integrate the systems of the Office of the Attorney General, regional and federal courts, police and prison administration for 15 million dollars.


National Alcohol Ensures New Merchandise


The over a century old National Alcohol & Liquor Factory (NALF) has launched a new alcohol product dubbed National Vodka. The alcohol is a year in its making and will be available in the market before the next week i...


Regional State Water Projects Sprinkle Craving Nation


Four water projects, which would provide potable water to 137,175 residents in Oromia Regional State, were completed by the Oromia Water, Mineral & Energy Bureau for 149 million Br. However, the extracted water fr...


Top Water Penetrates Uprising Water Bottling Industry


The 68th bottled water brand, Top Natural Water, hits the local market, being purified and bottled by Abebe Dinku Water & Non-Alcoholic Beverages Factory with an investment of 273 million Br. The new company will...


Nahoo, EBS Secure Local Licenses Ending Debate


Nahoo and Ethiopian Broadcasting Service (EBS), two television stations previously owned by non-nationals, has acquired local broadcasting license, after transferring their shares to nationals. The two stations are am...


Ethiopian Posits Cargo Screening Machines


Ethiopian Airlines Group inaugurated its two cargo screening machines donated by Transportation Security Administration, an agency of the United States Department of Homeland Security. The Agency has provided the cutt...


PIVOT OF ETHIO JAZZ


Mulatu Astatike, the 74-year-old father of Ethio-Jazz, is a musician, composer and arranger of a unique fusion of traditional Ethiopian beat with jazz and Latin music. Born and raised in Jimma, Mulatu was the first Afric...


Archaeologist Bares Charge Traveling with 19,000 Br


An American citizen and archaeologist Simpson Scott Wilson (PhD), faces a criminal charge for attempting to leave the country carrying 19,000 Br, which is 19 folds higher than National Bank of Ethiopia (NBE) Birr holding...


Court Orders Total Square 14m Br Corporate Tax


Justices at the Cassation Bench ruled in favour of the tax authority, which requested Total Ethiopia S.C settle 41 million Br of corporate tax ordering the latter to pay 34pc of the amount. The majority vote of the tw...


Nib Picks KPMG to Appear Competent, Powerful


Nib International Bank hires KPMG East Africa Limited to design and formulate the management strategy of the Bank after a 12-month long bidding process. The project has an estimated cost of 20 million Br to 25 million Br...


Inflation Rate Slightly Slides to 15.2pc


Headline inflation, which hit five years record high in February, slightly dips last month with 15.2pc rate, according to the latest consumer price index from Central Statistical Agency (CSA). An indicator of the cost...


Zemen Obtains New Board, President


The new board of directors of Zemen bank, which consists of nine members, get a green light from the National Bank of Ethiopia (NBE). Chaired by Abebe Dinku (Prof), new board composition gets the central bank's approval...


Oromia State Institutes Point-based Penalty System


The Oromia Transport Authority (OTA) is in the final stages of implementing a point-based penalty system for traffic violations. Daf-tec Computer Engineering supplied the technology after being awarded the project by...


Agency Devises 546 Standards for Products, Services


Close to 546 standards for both locally manufactured, imported products and services were approved by the National Standardisation Council (NSC) on April 3, 2018. The Ethiopian Standards Agency (ESA), which was establ...


Five Oromia State Towns Get Pottable Water


Five potable water projects in the towns of Gojo, Azgori, Chancho, Mikawa and Gundo Masquel have become operational last month at the cost of 212 million Br financed by the Oromia Water, Mineral & Energy Bureau (OWME...


Ministries Ally to Avert Anthrax, Rabies


Four ministries have developed a strategic document aimed at controlling and preventing animal and human diseases. Implementation of this project is projected to cost the nation over 600 million Br. The ministries of...


Former Telecom Employees Finally Get Favourable Ruling


The Eight Civil Bench of the Federal High Court has ruled in favour of Ethio telecom’s 95 former employees who have been in a court battle with the company's labour union for four years. The Court ruled that Ethio t...


Hope Against All Odds


The anticipation has ended, and the EPRDF’s Council has presented the country with a Prime Minister-Designate - Abiy Ahmed (PhD). He is the third chairman of the ruling coalition that has been at the helm of politics f...


Amidst Forex Crunch, State Bank Releases $300m


With the country in the midst of a severe forex crisis, the Commercial Bank of Ethiopia (CBE) has released an aggregate sum of nearly 300 million dollars to customers that have applied for letters of credit (LC). The...


Editorial

Economists, as well as multilateral institutions, have urged the need t...


Agenda

For a country accommodating more than a hundred million peoples, provid...


Fineline

It has been two weeks since Abiy Ahmed (PhD) was co...


Commentary

Refreshingly original, both in form and substance, the emphatic inaugur...


Viewpoint

Ethiopia is at a turning point. With the new Prime Minister in place, t...


Opinion

One of the macroeconomic headaches of Ethiopia is a low domestic revenu...


View From Arada

Development projects are scarce measured on the damage they cause to th...






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