Court Rejects Ex-Tiret Execs Objections

May 11 , 2019


Judges at the Regional Supreme Court in Bahir Dar rejected the preliminary objections of Tadesse Kassa, former CEO, and Bereket Simon, former board chairperson, of Tiret Corporate. The two defendants, charged with four counts of high crimes of corruption, were arrested in late January suspected of allegedly misusing and squandering public treasure from five subsidiaries and two wings of the company. In their objections, the defendants argued that the court does not have jurisdiction over their case and that the crimes stated in the charges were alleged to have been committed before the legislation of the anti-corruption proclamation. Rejecting the defendants’ objection, the court ruled that it has a jurisdiction to preside over the case. It also stated that the alleged crime continued even after the legislation of the proclamation that was enacted in 2015. During the same session, Bereket and the third co-defendant, Daniel Gizaw, pleaded not guilty, while Tadesse requested a time extension to submit a plea. Accepting Tadesse’s plea, the court adjourned the case to May 13, 2019.


Radar

Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on last week focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...