DBE Management in Pickle to Restart Operations at Ayka

IMF Credit Facility Expires as Debt Rework Faces Delay

IMF Credit Facility Expires as Debt Rework Faces Delay

Ethiopia's access to a 1.5 billion dollar concessional loan facility availed by the International Monetary Fund (IMF) is set to expire this month following the inability of Et...

Postal Services Enterprise Jumps Rental Fees by 600pc

Postal Services Enterprise Jumps Rental Fees by 600pc

September 18 , 2021 . By TSION HAILEMICHAEL

The Ethiopian Postal Services Enterprise (EPSE) has increased annual box rental fees by as much as 600pc, the first adjustment in 11 years. A regular mailbox at the Enterpr...

Modjo-Batu Expressway Tariff No Different from Other Tolls

Modjo-Batu Expressway Tariff No Different from Other Tolls

September 18 , 2021 . By HAWI DADHI

Officials of the Ministry of Transport have approved a toll tariff for the Modjo-Batu Expressway, which will be open to traffic beginning this week. The approval comes afte...

Short Contract Farming Window Closes, Leaves Many in the Dark

Short Contract Farming Window Closes, Leaves Many in the Dark

September 18 , 2021 . By TSION HAILEMICHAEL

Agribusiness firms without a contractual agreement with crop farmers are no longer allowed to export, following the expiration of a deadline set by the Ministry of Trade & Industry last week. T...

Agribusiness firms without a contractual agreement with crop farmers a...

THE BIG LIVE MUSIC COMEBACK

THE BIG LIVE MUSIC COMEBACK

September 10 , 2021

There is a slow-moving sensation taking place in Addis Abeba’s nightlife. Live music is gradually but surely unseating DJs – nightclubs quietly displacing mixers and recorded music with bands and...

There is a slow-moving sensation taking place in Addis Abeba’s night...

Central Bank Grants Nods to Cargo Truck Imports

Central Bank Grants Nods to Cargo Truck Imports

September 10 , 2021 . By HAWI DADHI

Authorities at the National Bank of Ethiopia (NBE) have given commercial banks the nod to issue letters of credit (LCs) to close to 170 importers interested to bring in 3,200 cargo trucks. It is an...

Authorities at the National Bank of Ethiopia (NBE) have given commerci...

Coffee Sector Latest in Receiving Central Bank Loan Freeze Exemption

Coffee Sector Latest in Receiving Central Bank Loan Freeze Exemption

September 10 , 2021 . By BERSABEH GEBRE

The coffee industry has become the latest to be exempted from the freeze on collateralised loans the central bank imposed last month. The development coincides with the coffee harvest season, expected...

The coffee industry has become the latest to be exempted from the free...

Fed Prosecutors Withdraw Charges on Former Education Ministry Officials for Flimsy Evidence

Fed Prosecutors Withdraw Charges on Former Education Ministry Officials for Flimsy Evidence

September 10 , 2021 . By HAWI DADHI

Federal public prosecutors have withdrawn charges they filed against former officials of the Ministry Education, accused of grand corruption in the procurement of textbooks. The accused have walked...

Federal public prosecutors have withdrawn charges they filed against f...