Addis Abeba Sees Largest Library Inaugurated

Jan 1 , 2022

Abrehot Library, the largest facility of its kind in the country, was inaugurated on January 1, 2022, in the presence of senior government officials including Prime Minister Abiy Ahmed (PhD) and Mayor Adanech Abiebie. Built at a cost of 1.5 billion Br on 19,000sqm of land, the Library is located in the Arat Kilo area, opposite Parliament. The four-storey building's shelves can carry 1.4 million books, and its catalogue boats over 240,000 electronic books, including 300,000 research papers. The state-of-the-art library accommodates a cafeteria, parking lot for over a hundred vehicles, meeting halls, an amphitheatre, playground, and eight shops providing services related to books.


E-Consultation Portal Launched to Boost Stakeholder Engagement

An e-consultation manual and portal designed to enhance stakeholder engagement in the drafting of laws before their final ratification stage was launched last week. Developed by the Business Environment & Investment Climate (BEIC) project team, the platform operates under the oversight of the Justice and Technology ministries. It aims to improve transparency, efficiency, awareness, and effectiveness throughout the law formulation and enactment process. According to Belayhun Yirga, stat...


Trade Ministry Changes Guard

Prime Minister Abiy Ahmed (PhD) made a series of appointments last week, assigning Kassahun Goffe (PhD) as the new Minister of Trade & Regional Integration. Kassahun, who previously served as the State Minister, succeeds Gebremeskel Chala, who navigated the country through various trade reforms. The appointment comes amidst an export slump, as Ethiopia has faced major economic and political headwinds over the past few years. The Ministry reported a shortfall of 863 million dollars from it...


Ahadu Bank Savours First Taste of Profits

Ahadu Bank registered a 175 million Br gross profits in the ended year, turning around its financial performance. The two-year-old Bank established with 503 million Br in paid-up capital mobilised from 9,600 shareholders has also managed to double the figure to 1.03 billion Br. Ahadu's total assets have also nearly doubled to 6.3 billion Br, while its operating income soared to 1.15 billion Br from financial services for nearly 700,000 customers. It also expanded its branch reach across the c...