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Mar 18 , 2023

Quenching Addis Abeba's Thirst

Residents in the capital are all too familiar with the rationing of running water supply as the 0.48 million cubic meters of water pumped out by the Authority fails to meet even half of the capital's demand. The nearly eighty-year-old Gefersa dam still provides the majority of the city's water as ne...

Mar 18 , 2023 . By MUNIR SHEMSU

Benishangul-Gumuz State Most Expensive to Reside

Consumers in the Benishangul-Gumuz Regional State feel the pinch of a high cost of living, exacerbated by the logistical challenges of importing goods from neighbouring states. The passage through Wellega Zone in the Oromia Regional State has become precarious for drivers due to conflict, forcing them to traverse an additional 200Km through Bahir Dar in Amhara Regional State, adding to the costs of goods, according to residents there. A consumer price index (CPI) analysis for 2021/22 revealed that Benishangul-Gumuz is the most expensive state to live in, while Oromia Regional State and D...


Mar 18 , 2023 . By AKSAH ITALO

Korean Firm Takes the Helm to Consult Bus Transit Corridors in Addis Abeba

A Korean-based consultancy firm, DONG IL Engineering Consultants bagged the contract to conduct a detailed analysis on constructing bus transits on flood-ridden roads in Addis Abeba. The company is expected to provide consultancy and design of the Bus Rapid Project (BRT) for close to 11 million Br under a 20-month contract financed by the World Bank. The bus corridor that will be constructed in between the current two-side roads covers a total of 16Km, connecting major spots, such as Wingate and Jemmo to the west, and from Merkato to Qera. The route passes through five districts- Addi...


Mar 18 , 2023 . By AKSAH ITALO

Price Thresholds for Horticulture Exports Rise Despite Quality Issues

Authorities raise the minimum price threshold for horticultural products on vegetables and fruits exported to Djibouti ports. The prices saw up to 40pc increase three weeks ago, following  a prolonged discussion with the Djibouti government for the past few months. The meetings were chaired by Kassahun Gofe, state minister for the Ministry of Trade & Regional Integration(MoTRI), along with representatives from the Ministry of Agriculture, Federal Cooperative Agency (FCA) and Agricultural Transformation Institution (ATI). Ethiopia exports 44 types of vegetables and fruits. However...

Fortune News

Mar 18 , 2023

Electrical Grid Theft Banes Amhara Regional State

Repeated theft has plagued electric power transmission lines in Amhara Regional State with the latest attempt claiming the life of a woman in the Dejen Tika district, 270km from the capital. The in...

Mar 18 , 2023

Abay Bank's Capital Fortitude, Efficiency Bolster Profits During Turbulent Times

In the finance world, where institutions' fluctuating fortunes often make headlines, Abay, a mid-sized financial institution, has found itself in the limelight for reasons that evoke optimism and caut...

Mar 11 , 2023

AU Headquarters Hit by Cyberattack

The African Union headquarters has suffered a cyberattack that required temporarily closure of  its network and suspension of several functions for over a week. The IT department was forced to enforc...

Food Inflation Crisis Threatens Addis Abeba School Feeding Programs

Women's unions that organize food for public school children in Addis Abeba face a threat to their sustainability due to rapidly rising food prices in the city. The Addis Abeba City Administration...

Mar 11 , 2023

Financial Woes Plague Federal Housing Corporation

House units under construction by a state-owned company remain in limbo due to financial shortages while officials contemplate selling parts of the units to finance the rest. The Federal Housing Corpo...

Mar 11 , 2023

State-owned Pharmaceutical Supplier Anticipate Cold Warehouse Expansion

Ethiopian Pharmaceutical Supply Service (EPSS) is one step closer to expanding its cold room used for pharmaceutical storage and completing its seven-storey building, hoping to increase the storage ca...

Mar 11 , 2023

Family-owned Businesses Assemble to Brace Ceasing to Exist

Family-owned businesses are attributed to a high rate of collapse for lack of proper management, poor succession strategy, and insufficient funds, though they constitute the oldest and most dominant f...

Mar 4 , 2023

COLD DELICACY

The cost of a crate of beer has gone up by 10pc last week in the domestic market. A series of amendments to the excise tax law have compounded to diminish alcohol bottlers' returns that see rising pro...

Oromia Bank Thrives Amid Intense Competition

Oromia Bank recorded strong performance from its operations last year, generating whispers of a rewarding year for its shareholders. Despite challenging economic conditions compounded by social unrest...

Mar 4 , 2023

Amhara Regional State Contractors Dismayed over Price Adjustments

Contractors registered in Amhara Regional State are uneasy about the price adjustments made on the contractual agreements of unfinished projects by the administration. They claim the adjustment had on...

Mar 4 , 2023

City Gloss Over Buildings Paint Reform

Buildings in the capital foretell unified design standards pertaining to aesthetics such as paints adhering to the European RAL colour ranges as the Addis Abeba City Administration Construction Permit...

Mar 4 , 2023

Financial Services Foresee Consumer Taxation

International banking services, remittance and electronic transactions are up for value-added taxation as the Ministry of Finance officials contemplate widening the tax base. Loans and credit disbu...

Feb 25 , 2023

FISHY PLIGHT

With the growing popularity of street food made from fried fish, the industry experiences a boom during the main fasting season for Ethiopian Orthodox followers, during which restaurants and hotels in...

Feb 25 , 2023

Ambitious Plan to Train Thousands of Contractors Amid Hurdles

Federal authorities are banking on a new wave of contractors to meet the country's infrastructure needs. However, the plan has its sceptics, considering that the sector faces significant challenges, i...

Controversy Erupts as Businessman Wins Bid for Public Buses in Addis Abeba

A businessman recently came to the public attention after his company won a third bid to deliver 200 buses for public transportation to Addis Abeba City Administration, based on invitations for suppli...

Feb 25 , 2023

Lion Insurance Steady Profit Growth Amid Declining Share Earnings

Lion Insurance's steady growth in net profit from last year's operation, slightly exceeding half of the industry's average of the 17 private insurance firms, comes amidst a continued decline in earnin...


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Columns

Commentaries | Mar 18,2023

Confronting the Global Water Crisis

Life Matters | Mar 18,2023

A Week without Our Three-wheeled Allies

My Opinion | Mar 18,2023

E-Procurement Promises Billions in Savings, a Blow to Global Graft

Sunday with Eden | Mar 18,2023

Healing Societal Wounds through Clemency

Agenda | Mar 18,2023

Rainy City Calls for Running Water

Editorial | Mar 18,2023

Confronting the Axis of Threat: Diminished Assets, Inflation, and Trade Imbalance


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Confronting the Axis of Threat: Diminished Assets, Inflation, and Trade Imbalance

Ethiopia's economy once hailed as a paragon of growth and development, now faces a conflue...

Editorial | Mar 18 , 2023

Welfare through Intermittent Fasting

Martha Getachew had struggled with her weight ever since attaining 40 years old. Her gradu...

Featured | Mar 11 , 2023 . By AKSAH ITALO

Rainy City Calls for Running Water

Water is a vital utility for Dawit Assefa, a contractor and father of two who lives on the...

Agenda | Mar 18 , 2023 . By BERSABEH GEBRE

Quenching Addis Abeba's Thirst

Residents in the capital are all too familiar with the rationing of running water supply a...

Fortune News | Mar 18 , 2023