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.

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...

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...

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,...

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...

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...

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...

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...

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 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...

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 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.

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...

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'...

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 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 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...

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...

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...

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...

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.

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...

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...

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...

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...

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 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...