Six Firms Vie to Conduct Expressway Study

Central Bank Relaxes Interest-free Banking Rules

Central Bank Relaxes Interest-free Banking Rules

July 13 , 2019 . By FASIKA TADESSE

The National Bank of Ethiopia (NBE) has issued the long-awaited directive on the formation of full-fledged interest-free banking (IFB). Issued on June 18, 2019, the directi...

Ban on Heavy Trucks Frustrates Businesses

Ban on Heavy Trucks Frustrates Businesses

July 13 , 2019 . By KALAEB GIRMA

The latest ban that limits the daytime movement of heavy trucks in the capital has frustrated businesses that depend on the trucks. The ban that became effective this week...

Habesha Delivers Delayed Housing Project

Habesha Delivers Delayed Housing Project

July 13 , 2019 . By TEMESGEN MULUGETA

After four years of delay, Habesha Construction & Materials Development SC has delivered 50 housing and two commercial units. Habesha, a local real estate firm and cons...

AAU's Stalled Library Goes Operational

AAU's Stalled Library Goes Operational

July 13 , 2019 . By SELAMAWIT MENGESAHA

The stalled construction of the Institute of Ethiopian Study library inside the Addis Abeba University (AAU) was inaugurated at the end of last week. Fully financed by Midroc Ethiopia Group, the co...

The stalled construction of the Institute of Ethiopian Study library i...

Authority Bans Unlabeled Food Products

Authority Bans Unlabeled Food Products

July 13 , 2019 . By BERHANE HAILEMARIAM

The recent ban on processed food products by the Food & Drug Authority (FDA) pushed the total number of items banned to 103 in the current fiscal year. Last week the Authority banned 57 process...

The recent ban on processed food products by the Food & Drug Autho...

Ethio-Djibouti Railway Fully Resumes Operations

Ethio-Djibouti Railway Fully Resumes Operations

July 13 , 2019 . By TEMESGEN MULUGETA

The Ethio-Djibouti Railway, which ceased passenger transportation for three months due to a derailment accident, has fully resumed service. The company sufferaed a derailment accident on April 4, ...

The Ethio-Djibouti Railway, which ceased passenger transportation for...

Federal Budget Passes Parliament Unanimously

Federal Budget Passes Parliament Unanimously

July 8 , 2019

Ethiopia's federal parliament has voted unanimously for the passage of a budget bill comprising 386.9 billion Br. The budget for fiscal year 2019/2020 aims to direct resources from external sources an...

Ethiopia's federal parliament has voted unanimously for the passage of...

State Company Ends Power Shading on Household Consumption

State Company Ends Power Shading on Household Consumption

July 8 , 2019

The state owned utility monopoly, Ethiopian Electric, has ended power rationing to household users while extending the shading to industries for additional two weeks. For the coming 15 days, all in...

The state owned utility monopoly, Ethiopian Electric, has ended power...