Passport Tease


Over the past few months, Ethiopians heading to the Main Department for Immigration & Nationality Affairs Office to renew their passports or obtain new ones have found out that it is not as easy as it used to be.


Task Force Emerges to Revamp Tax Regime


A new task force formed to revamp the tax regime of the nation has begun operations with the primary aim of increasing tax revenue. The task force started operations two weeks ago and is studying and reviewing prior...


State Bank Undergoes Major Reshuffle


Commercial Bank of Ethiopia, which has been undergoing massive reshuffles, appointed four new vice presidents to fill executive positions left open after recent reassignments and departures. Muluneh Aboye, Emebet Mele...


Authority Eases Registration, Licensing for Medicine


The Food & Drug Authority, the nation’s food and medicine regulator, has issued a circular to ease the registration and licensing requirements for medical supply equipment importers. The Authority’s circular,...


Police Maintain Custody of Ex- MetEC CEO, Brother


Judges at the Federal High Court granted police an additional 14-day custody to continue their investigation of alleged corruption against Kinfe Dagnew (Maj. Gen), former head of the state-owned military-industrial compl...


Nation’s Second Toll Road Nears Completion


The nation's second toll road, Dire Dawa - Dewele, will become operational in two months and is slated for an inauguration ceremony to be attended by high officials. Constructed for 5.9 billion Br - 85pc financed by C...


Nation Launches Migrant Monitoring Database


The International Labour Organisation (ILO) has deployed a data management system for the Ministry of Labour & Social Affairs at a cost of 70,000 dollars. The Ethiopian Migrants Data Management System is a decentr...


Court’s Injunction Temporarily Lifts Nile’s Frozen Accounts


A judge at the Federal First Instance Court issued an injunction against an order delivered by the Addis Abeba Kality Customs Branch Office, of the Ministry of Revenue, for all commercial banks to freeze the accounts of...


Agency Takes Power of Attorney Services Online


The Agency responsible for registering and authenticating documents launched an online power of attorney service at its four branches last month. The Document Authentications & Registration Agency launched the ser...


Police Arrest Second Suspect in Awash Bank Robbery


Police have arrested the second suspect of the armed robbery on Awash Bank's Jacross Branch, which happened yesterday, December 7, late in the afternoon. The suspects, five in number, robbed 1.1 million Br from the Ba...


Authority Renovates Ambassador Park


Addis Abeba River Basins & Green Areas Agency has begun the renovation of Ambassador Park at a cost of 42 million Br. The construction of Ambassador Park, which lies on 9,393Sqm in the Arada District close to Amba...


Wegagen Scores Massive Profit but Leaves Some Shareholders Questioning


Wegagen Bank, one of the 16 private commercial banks, has become the third bank, along with Awash and Dashen banks, to pass the one billion Birr mark in gross profits reported in its filings for the last fiscal year.


Divestment Burgeons United’s Performance


The two-decade-old United Insurance has cheered up its shareholders by doubling its net profit in the last budget year. Triggered by higher underwriting surpluses and investment returns, the shareholder return also do...


DIPLOMATIC CHARM


Muferiat Kamil (right), minister of Peace, was glad to see two high-ranking United States diplomats at her office in Wollo Sefer area on November 28, 2018. While the US has been supportive and positive of the government'...


United Secures Disputed Multi-Million Birr Insurance Deal


After three weeks of controversy, the Ministry of Labour & Social Affairs has bestowed domestic workers' insurance coverage, estimated at 300 million Br, to United Insurance. The contract limits the deal to three...


Eth-Switch Gets Second Boss, After Half Year


Eth-Switch S.C, a consortium of all banks established to integrate the national electronic payment system, has welcomed Yilebes Addis, former Chief Information Officer of Kifiya Financial Technology, as its new CEO start...


Judges Grant Police Custody Right of MetEC Officials


Judges at the Federal High Court granted police another 14-day extension to keep in custody 26 officials from the state-owned military-industrial conglomerate Metals & Engineering Corporation (MetEC). The police requ...


Unpaid Workers  Hold Indians Hostage


Angered over unpaid salaries, local employees in Nekemte, Bure and Woliso towns, in Oromia and Amhara regional states, took seven Indian employees hostage on Sunday, November 23, 2018. Khurram Imam, Neeraj Reghuwanshi...


Nation to Recieve National Soil Information Centre


The Agricultural Transformation Agency (ATA) is set to build a national soil information system in a bid to collect, store, interpret and disseminate information about soil found in Ethiopia at an estimated cost of five...


Liquor Company Rises to Meet Demand for Bottling Caps


A new aluminium and plastic bottle cap factory will join the market to supply both domestic and export markets. The factory is an expansion project of the liquor producing company, Ponu Monu, that underwent a 54 milli...


Planners Debate Fate of Africa’s Political Capital


Addis Abeba was host to the 2018 Urban Age conference, where urbanisation, its future and its effects were discussed among experts, last week. With the hyper pace of urbanisation in the country, which is growing at 3.


Local Leather Firm Branches out to Washington, D.C.


ZAAF Collection, a local leather company that manufactures handcrafted leather goods and accessories, is opening its first overseas store in Washington, D.C. Located on 14th street, dubbed the most chic neighbourhood...


Chinese Firm Seals Deal to Install Bus Shelters


Addis Abeba will receive 500 additional bus shelters before the end of the current Ethiopian year at a cost of 156.6 million Br. Jiangxi Water & Hydropower Construction Company secured  the contract for the secon...


Lucy Bolsters Yield for Third Year


One of the younger insurance firms, Lucy Insurance Company, has reported a 26 million Br net profit in the last fiscal year, which makes for a 60pc increase. Named after Lucy, the 3.2 million-year-old hominid, the ins...


Real Estate Firm Selects Architects to Design 25-Storey Complex


A 25-storey apartment, office and entertainment complex has stepped closer to realisation after OIB Oda Real Estate selected K2N Architecture & Engineering Consultancy to prepare a final design. The concept design...


New Jute Sack Factory Joins Market


A local trading company, G-Seven General Trading & Industry opened a new jute sack manufacturing factory in the Hadya Zone of the SNNPR for a cost of 60 million Br. The factory, which lies on 3,600Sqm of land, wil...


Abyssinia Hikes Profit, But Dividend Goes Cold


Abyssinia Bank registered a net profit of 562.8 million Br in the last financial year, a 10pc increase. But dividends to shareholders declined to 6.1 Br per share. During the previous 2016/17 financial period, the ban...



Editorial

Currently, Ethiopia has a state of affairs where the centre is struggli...


Agenda

The incidence of abuse against migrant workers has raised concerns abou...


Fineline

On Saturday, Prime Minister Abiy Ahmed (PhD) inaugu...


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Commentary

Despite being a continent with abundant energy resources, a great chunk...


Viewpoint

When the first telephone was installed in Emperor Menelik II’s palace...


Opinion

The City Administration of Addis Abeba will open over 161,000 jobs oppo...


View From Arada

Asmera and Addis Abeba are two cities with similar beginnings and influ...






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