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Oct 3 , 2020

TENSE, QUIET IRRECHA

Over a pond not far from Mesqel Square, participants eagerly awaiting the annual festival of Irrecha gathered along the banks in white traditional outfits. They sprinkled water from the pond and place...

MIDROC Settles 1.5b Br Overdue Payment

MIDROC Plc has settled a 1.5-billion-Br overdue payment it owes the government for the acquisition of two farms. Horizon Plantations, the specialised arm of MIDROC conglomerate, bought Limmu Coffee Fa...

Oct 3 , 2020

Policy Bank Mobilises $305m to Finance MFIs

The Development Bank of Ethiopia (DBE), which stopped receiving funds from the central bank as of this year, has mobilised the highest value of resources yet amounting to 305 million dollars. The fund...

Oct 3 , 2020

First Batch of Mentors Join Business Arena

The Centre for African Leadership Studies has graduated the first 30 business mentors that will provide advice and support to entrepreneurs who are looking to improve their businesses. The trainees, t...

Oct 3 , 2020

Civil Service Commission Digitises Services

Custor Computing, a 25-year-old local tech firm, has digitised the services of the Ethiopian Civil Service Commission, a federal agency in charge of overseeing government offices. Dubbed the Integrate...

Oct 3 , 2020

First Talent Academy to Enroll Youth out of School

As of this year, the first talent academy of the country will enroll young, tech-savvy math and science enthusiasts among students that are out of the school, according to a draft curriculum. The ...

Oct 3 , 2020

City to Provide Elementary Students with Shoes, Bag

Close to three dozen leather manufacturers will start supplying bags and shoes to students of the public schools in the capital beginning this year. Dubbed the School Shoe and Bag Uniform Project, the...

Oct 3 , 2020

Premier Reshuffles Space Science Top Mgmt

Prime Minister Abiy Ahmed (PhD) has sacked Solomon Belay (PhD), the director-general of the Ethiopian Space Science & Technology Institute, effective September 29, 2020. Abdissa Yilma, who was his...

Sep 27 , 2020

MUTED MESQEL

The Novel Coronavirus (COVID-19) outbreak and a major construction project on Mesqel Square have meant that the annual religious festivities of Mesqel was likely to be underwhelming. The celebrations...

Sep 27 , 2020

Higher Education Regulator Undergoes Major Reform

The federal agency in charge of regulating the higher education sector is set to undergo a major overhaul by restructuring itself to directly report to the parliament or the Office of the Prime Minist...

Hijra Bank's Board Receives Approval

The National Bank of Ethiopia (NBE) has given the green light to the founding board of directors of Hijra, the second under establishment, full-fledged interest-free bank in the country. Issued on Sep...

Sep 27 , 2020

Abyssinia Rolls Out More Virtual Banking Terminals

Moti Engineering Plc, a banking and ICT solutions provider, secured a deal to supply 15 Interactive Teller Machine (ITM) to the Bank of Abyssinia for an estimated 65 million Br. The company has alread...

Sep 27 , 2020

First Coffee College Puts down Roots in Addis

The first institute of higher education that will deliver courses and conduct research solely focused on the coffee industry is setting foot in Ethiopia with an investment of 50 million euros. The...

Sep 27 , 2020

EthSwitch Launches Electronic Payments Interoperability

Anyone who holds a payment card issued by any bank can now make payments at any Point of Sale (PoS) terminal, following the board of the National Bank of Ethiopia's (NBE) approval of the interoperabil...

Sep 27 , 2020

Ethiopia Ends Closure, Fully Reopens to Tourists

The Ministry of Culture & Tourism has announced the beginning of October as the official full reopening date for the country's tourism sector, which has been interrupted for the past six months du...

Sep 27 , 2020

Procurement Agency Reinstates Blacklisted Suppliers

The federal agency in charge of regulating public procurements has removed close to four dozen suppliers from its blacklist. The Agency is also allowing these companies to participate in tenders float...


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