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May 29 , 2021

Dozens of Constituencies Excluded from Elections

The upcoming national polls will not see voters casting ballots in 14pc of the constituencies across the country. A total of 76 constituencies, including the 38 in the Tigray Regional State, where ele...

May 29 , 2021

Insurance Firms Warned of Bites from Political Violence

African Reinsurance Corporation (Africa Re.), the premier continental reinsurance firm, has warned its client firms in Ethiopia to apply precautionary measures when selling a political violence and te...

May 29 , 2021

Despite Gov't Feud, Kelal Ticketing Expands Horizons

Despite a dispute over the taxation of e-ticketing with the Ministry of Revenues (MoR), Kelal Ticket Online Travel Agency has partnered with Nib International Bank to facilitate electronic payments fo...

May 29 , 2021

Second Mortgage Bank Begins Selling Shares

The second mortgage bank in the process of formation, Selam Bank has availed two million shares up for sale. The shares have a par value of 1,000 Br, with a minimum purchase of 10 shares required to j...

May 29 , 2021

Five Billion Birr Edible Oil Plant Goes Operational

A domestically-owned edible oil processing plant worth five billion Br, equivalent to the minimum paid-up capital required to establish a bank, has kicked off its operations. WA Oil Factory, built und...

May 29 , 2021

New Directive to Govern Online Media Outlets

The Ethiopian Media Authority has drafted a new directive to govern the previously unregulated and growing online media outlet market. Any individual or licensed business using the internet to dissemi...

May 24 , 2021

US Imposes Restrictions on Visas, Economic Assistance to Ethiopia

The United States imposes visa restrictions against current and former Ethiopian and Eritrean officials over the ongoing conflict in Tigray Regional State. This is in addition to limitations on eco...

May 24 , 2021

DEVELOPING STORY: US Visa Restrictions "Inappropriate” - Ministry of Foreign Affairs

Ethiopia's Ministry of Foreign Affairs opposes the decision by the US government to impose visa restrictions on government officials, calling it inappropriate. While asserting that it sends the wrong...

May 23 , 2021

State Telco Monopoly in Twilight

The century-old uncontested state hold on the Ethiopian telecom sector is to be no more following a decision last week by the Council of Ministers to award an international consortium the first two pr...

May 23 , 2021

Ethiopia's Plan to Export 200MW Electricity in Vain

Ethiopia's plan to export electricity to Kenya may be in jeopardy as constructing the 500kv electricity lines connecting the two countries faces more delays. Even though Ethiopia has completed the...

May 23 , 2021

TACON Contract Terminated, Project Handed Over to Gov't Firm

A 1.2 billion Br building that was under development by Tekleberhan Ambaye Construction Plc (TACON) is to be handed over to the Ethiopian Construction Works Corporation (ECWC) as a result of the contr...

May 23 , 2021

Pioneer Private Mortgage Bank Edges Closer to Operation

Promoters of Goh Mortgage Bank have received a letter issued by the National Bank of Ethiopia (NBE), which clears them to conduct shareholders' signing on the memorandum of association and other artic...

May 23 , 2021

Delayed Deliberation Causes Credit Rating Downgrade

Lack of clarity and delayed deliberation about the potential causes of the recent debt reworks on private creditors has led to a further downgrading of Ethiopia's credit rating, a situation that could...

May 23 , 2021

Oromia Credit to Delve into Commercial Banking

The road from microfinance to a full-fledged commercial bank has begun for the Oromia Credit & Saving Share Company (OCSSCO). The second-largest capitalised microfinance institution operating in t...

May 23 , 2021

Private Aviation in Hot Water, Pleads for Attention

Players in Ethiopia's fledgling private aviation industry are pleading for help, claiming unfair competition practices drives them out of business, further prolonging their recovery from the impacts o...

May 23 , 2021

Musicians, Producers to Earn Royalty, Broadcasters Grumble

Broadcasters are expected to pay annual royalty fees to musicians and producers for the songs they air on radio and television stations, according to a new tariff prepared by the Collective Management...


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Right-sizing Tests Addis Abeba University’s Promise for Autonomy

Addis Abeba University set out to win its institutional autonomy. Two years in, that freed...

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