Ethiopia, Eritrea On Positive-Sum Road


The last time he was here it was in 1996, two years before his troops advanced into what was then a disputed town, Bademe. The war caused a bloody two-year conflict with Ethiopia and the subsequent standoff that lasted o...


Think-tank Embarks Scrutiny to Detect Commercial Farming Mess


The state policy think-tank launched research to assess the causes behind the non-fulfilments of rain-fed commercial farming. It will also develop a strategy to find a way out of the sector's current slowdown. The Eth...


State Bank Switches its Switch


The state giant, Commercial Bank of Ethiopia (CBE), is to launch a new electronic funds transfer system after completing  a pilot project it runs close to a year. The three-quarter century bank has been using “Swit...


Aviation Authority Sets to Shine with New HQs


The nation's air transport administrator is soon to get a new headquarter complex at the cost of 322 million Br paid from the government’s coffers. The new construction will house the Ethiopian Civil Aviation Author...


Ethiopia Hails Six Countries to Host Regional Meteorology’s HQs


The government of Ethiopia is going to invest one Billion Birr to construct a new headquarter for the World Meteorology Organization’s (WMO) African Regional Office, a United Nations Agency which is relocating to Ethio...


Habesha Weekly Places Record High Offer to Host Christmas Expo


A local event organiser and promoter won the bid to present the next Christmas holiday bazaar and exhibition by placing the highest ever bid price paid for the venue. Habesha Weekly Promotion won the bid for Addis Abe...


Half a Dozen Firms Vie to Furnish Condo Houses with Elevators


Six local companies are vying to supply 82 elevators with an estimated cost of 134 million Br for housing units being built for middle-lower income housing schemes. Racrob Business, Sintec Ethiopia, Mekong General Tra...


Agency Touches Ground to Develop River Basins, Greenery


A new agency tasked with the development and safekeeping of river basins and green areas of Addis Abeba is to be established by the City Council. A proclamation for the establishment has been drafted by the city’s P...


Two Foreign Firms Vie to Supply Steam Coal


Two international companies are vying to supply steam coal which will be distributed to cement factories operating in the country. The procurement would likely cost the country close to 50 million dollars. Glencore In...


Football Federation Endeavours to Acquire HQs


The nation's football federation is attempting to acquire a five-storey headquarter building for the fourth time. The acquisition would cost the federation over 70 million Br. The Ethiopian Football Federation (EFF) h...


Capital’s Audit Gap Shrinks by 15pc


The Addis Abeba City Administration’s Auditor General’s Office uncovered 767.8 million Br of audit gaps and financial irregularities in the last fiscal year Sixty of the city’s agencies had their financial condi...


Commercial Bank Mang’t, Labour Union Dispute Heats Up


The Labour Union of the state-owned giant Commercial Bank of Ethiopia (CBE), and the management of the bank are in dispute as CBE undergoes restructuring. The Labour Union, which has a total of 29,000 active members,...


Austere Budget Passes Without a Hitch


Parliament unanimously passed the federal government’s budget for 2018/19 last Friday, July 6, 2018. Standing at 346.9 billion Br, it is five percent lower than the previous year’s budget in dollar terms. Over two-th...


Huawei Loses Appeal on Trademark Royalties


The Ethiopian Revenues & Customs Authority (ERCA) has rejected a claim made by Huawei Technologies Ethiopia Plc of paying trademark royalties to its mother company. Accordingly, the company is compelled to settle 100...


PM Office Orders Transfer of Lemi Valley to Corp.


The Office of the Prime Minister has ordered the Ministry of Communications & Information Technology (MCIT) to transfer the lone ICT-Park, a.k.a Lemi Valley,of the country to the Industrial Parks Development Corporat...


Nation’s Budget Gets Approval Amidst Anxiety in Tax Collection Capacity


With all the anxiety and reservation of the tax revenue’s ability in covering 68pc of this year’s budget, the legislators have approved a 346.9 billion Br budget for the newly started fiscal year. Parliament has u...


Two Companies Win Bids to Construct 22 Silos


Two construction companies won bids to construct 22-grain silos, designed to be used in case of disasters in two regional states, for a total of 1.45 billion Br. The Chinese Zhongyang Construction Group and the local...


Ethiopia Calls for $118m Aid for Displaced People


Ethiopia requires 118 million dollars in humanitarian assistance for the nearly one million internally displaced people following inter-regional disputes of Gedeo and West Guji zone. The funding is needed to provide f...


City to Set Up Complexes to Rehabilitate Farmers


Addis Abeba City Administration is set to construct complexes to rehabilitate displaced farmers in five of its districts at a cost of 420 million Br. The beneficiaries of the project will be farmers who were displaced...


Cost of Living Escalates While Fiscal Year Comes to a Close


Headline inflation, which has been falling for the past three months, went up to 14.7pc in June, according to the latest consumer price index from the Central Statistical Agency (CSA). The rate is marked as the third...


Authority Invests Further to Boost Road Coverage


Ethiopian Roads Authority (ERA) is spending 5.5 billion Br to upgrade and construct 279Km roads in four regional states of the country. The roads are located in Amhara, Oromia, Benishangul Gumuz and Southern Nations,...


Ethiopia’s MK Bags Destine for Europe


A Korean leather-bag manufacturer generated 33,344 dollars in its first export of Michael Kors (MK) handbags, one of the world's trendy products, to Europe and New Zealand. The export-oriented company, Pungkook Ethiop...


blueMoon Gets Seed for Agri-Tech Lab


blueMoon launches an innovation laboratory dedicated to growing productivity in the agriculture sector. For its establishment, the Danish International Development Agency (DANIDA) has pledged 1.1 million dollars. Duri...


State Banks Welcome New Bosses


The two state banks, the Commercial Bank of Ethiopia (CBE) and the Development Bank of Ethiopia (DBE) have received new heads, Bacha Gina and Haileyesus Bekelle, respectively. Sintayehu Woldemicahel (PhD), director ge...


Ethio-Eritrea Thaw in Motion


A high-level Eritrean delegation, led by Osman Saleh Mohammed, foreign minister, and Yemane Gebreab, advisor to the President, arrived in Ethiopia on June 26. They were invited to a state dinner hosted by Prime Minister...


‘Exaggerated’ Salary Flares-up Tension Between DBE, Turkish Firm


A Turkish company with an outstanding loan balance of half a billion Birr is embroiled in a dispute with the Development Bank of Ethiopia (DBE), its creditor, for paying what its senior managers bank believes is ‘exagg...


Council Arise to Reform Anti-terrorism, Media Law


An advisory council, composed of 13 members, has landed to reform anti-terrorism, mass media and civil society laws, which have been criticised for restricting the political space in the country and limiting freedom of e...


Editorial

For a nation that is growing by above average levels – even by th...


Agenda

The black market for hard currencies operates outside the rules and reg...


Fineline

The city of Addis Abeba is the most relegated membe...


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Foreign currency shortage forced the government to take measures, such...


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Ethiopia has gone through multiple regimes in its long history. Some of...


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One has to be a cynic to miss the ray of hope that signaled a democrati...


View From Arada

The lack of maintenance in parts of the city that have cultural and his...






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