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Apr 24 , 2021

SIGNED IN DELIGHT

Finance Minister Ahmed Shide (left) and Ousmane Dione (centre), World Bank country director, saunter out of the halls of the former's headquarters on King George VI St., Sidist Kilo area, following th...

Apr 24 , 2021

International Wheat Procurement Falters, Again

The federal government's bid to import desperately needed consumer goods seems to be going from bad to worse as procument processes to buy wheat, sugar, and rice faltered last week. Only one suppli...

UTILITY MONOPOLY TO ENHANCE ELECTRICITY DISTRIBUTION IN ADDIS ABEBA, OUTSKIRTS

The Ethiopian Electric Utility (EEU) is set to kick off the construction of power lines in two weeks in Holleta, 35Km away from Addis Abeba, at a projected cost of 10 million Br. The primary enhanc...

Apr 24 , 2021

Ethio Life Records Lacklustre Year

Shareholders at Ethio Life & General Insurance (ELiG) saw their returns drop for the second year in a row after the firm reported a disappointing performance for the year ended June 30, 2020. Its...

Apr 24 , 2021

Abay Bank Looks to Dive into Digital Arena

Abay Bank is entering into a partnership with AirfPay, a fin-tech company that provides digital solutions, to launch a mobile POS (m-POS) service in the coming weeks. ArifPay is part of an emerging...

Apr 24 , 2021

Co-working Facilities on the Rise in Addis Abeba

Adore Addis, a co-working space in the Bole Atlas area, is set to be fully launched in two months, developing an area covering 700sqm. It lies inside an eight-story building and aims to provide a shar...

Apr 24 , 2021

Komari Introduces Hard Seltzer to Ethiopia

A new line of flavoured alcoholic beverages hit the shelves this past week with the launch of the Arada hard seltzer cocktail drinks line from Komari Beverages Plc. The sugar-free drinks have an alcoh...

Apr 24 , 2021

COVID Hampered Rural Finance Initiative to Resume

A national initiative to provide finance to rural households is to resume following a long delay due to travel restrictions caused by the COVID-19 pandemic. Signed in January 2020, the third phase...

Apr 17 , 2021

Voters Registration Faces Major Hiccups as Electoral Offices Remain Unopened

Voter registration for the upcoming national elections has been far below expectations, with the National Electoral Board of Ethiopia (NEBE) announcing that half of the almost 50,000 election offices...

Apr 17 , 2021

Banks Remain Buoyant in Face of Demanding Directive

When shareholders of the Bank of Abyssinia decided three weeks ago to beef up their paid-up capital to 10 billion Br, the Bank was positioning itself to get ahead of the curve in the league of its pee...

STATE POLICY BANK REVISES LEASE FINANCING POLICY

The Development Bank of Ethiopia (DBE) is amending its lease-financing policy in the areas of the time of commencement of interest, time of relief, and working capital. Under revision for two month...

Apr 17 , 2021

Dashen Among First to Launch International e-Commerce Gateway

Dashen Bank has kicked off international e-commerce gateway services with three major international cards, Visa, MasterCard and American Express. The gateway is a merchant service provided through an...

Apr 17 , 2021

City Trade Bureau Aims to Curb Edible Oil Shortages

The Addis Abeba City Trade Bureau has designated six companies for the distribution of over three million litres of cooking oil from the Phibela Edible Oil Factory, a recently inaugurated plant in the...

Apr 17 , 2021

Addis Gets Third Fertility Treatment Centre

A new fertility treatment centre was opened late last month in Addis Abeba, expanding the number of facilities that offer the service in the city to three. New Leaf Fertility Centre opened its door...

Apr 17 , 2021

Local Navigation Application Hits the Scene

A satellite navigation application developed in Ethiopia, allowing users to steer through local roads in the same way Google Maps and Waze do, was launched last week. The Meri Navigation app, devel...

Apr 10 , 2021

MILKING THE MOMENT

Jemal Ahmed (left), CEO of MIDROC Investment Group, hands Adanech Abiebie (centre), deputy mayor of Addis Abeba, the city that is home to a new factory from one of the conglomerate's subsidiaries, a b...


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