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May 30 , 2020

'Not Too Expansionary'

The Ministry of Finance has drafted a bill that proposes 470 billion Br for next year's federal budget, a figure highly influenced by fears of the repercussions the Novel Coronavirus (COVID-19) could...

May 31 , 2020

Oil Companies Racked with Pain from Container Pilferage

Libya Oil Ethiopia Ltd, one of the largest oil companies in the country, has witnessed the theft of lubricants worth 800,000 Br from containers for the third time in less than a year. The company,...

May 31 , 2020

Hawassa Industrial Park Gears up to Export Masks, Bio Suits

Companies in the Hawassa Industrial Park have started the process for the export of personal protective equipment (PPE) after getting a green light from the Ministry of Health. The plan to re-purpo...

May 31 , 2020

Enterprises Break Ground on Mixed-Use Building Project

Two regional enterprises have started the construction of a nine-storey, mixed-use building in Lideta District for an estimated 163 million Br. The Oromia Forest & Wildlife Enterprise will cove...

May 31 , 2020

Ethiopia Maps Out Digital Payment Strategy

The board of the National Bank of Ethiopia (NBE) is set to approve the National Payment Strategy, a three-year game plan that lays out infrastructure to enable users to make financial transactions usi...

May 31 , 2020

Ministry Writes Construction Protocol

Construction owners should prepare temperature testing equipment, regularly disinfect the working area and shared equipment and let employees work in shifts, according to a draft protocol prepared by...

May 31 , 2020

Tigray Regional State Rolls out New Structure

The Tigray Regional State government has begun undertaking structural reforms by shrinking public offices and decentralising its top-down structure. Hoping to increase the efficiency of the regiona...

May 31 , 2020

Top Water Seals 20-year Saudi Arabian Deal

Abebe Dinku Water & Non-Alcoholic Beverages, a bottler of one of the newest waters, Top Water, has closed a 20-year deal with a Saudi Arabian company to export water. Abebe Dinku signed the dea...

May 31 , 2020

North Gonder Invests 22.5m Br in Sport Facilities

The Administration of North Gonder Zone has invested 22.5 million Br in the construction of an athletics centre and small stadium in two towns. The athletic centre, which is set to be built in Daba...

May 23 , 2020

WADING THE NILE

Failing to reach an agreement on the filling of the Grand Ethiopian Renaissance Dam (GERD), the three main protagonists of the dispute, Ethiopia and the two downstream countries, Egypt and Sudan, have...

May 23 , 2020

Ministry to Avail 5pc of Ethio Telecom to Public

The Ministry of Finance has decided to avail a five percent stake in Ethio telecom to the public with a cap on the number of shares an individual can buy. The minority share of the telecom company wil...

May 23 , 2020

Bankers Call for Higher Denomination Bank Notes

The Ethiopian Bankers Association, the consortium of all commercial banks, has asked the government to issue banknotes in higher denominations, including 200 and 500 Br notes. The 0.4pc average wee...

May 23 , 2020

State Broadcaster Appeals for 191m Br Cash Injection

The Ethiopian Broadcasting Corporation has requested a 191-million-Br cash injection from the government for the payment of employees and satellite fees. The state broadcaster has been facing challeng...

May 23 , 2020

Ethiopia to Steer Economy Through Tech-led Growth

The Ministry of Innovation & Technology tabled a digital economy strategy that is designed to lead the economy toward tech-led growth to the Council of Ministers for a final blessing. The 157-p...

May 23 , 2020

Abyssinia Bank Employees Give Hand to Victims of COVID-19

Employees from the East Addis District of Bank of Abyssinia have donated food supplies worth close to half a million Birr to various low-income households most impacted by the Novel Coronavirus (COVID...

May 23 , 2020

Chinese Firm Seals Deal to Power Railway Project

The government has hired a Chinese company to build four power substations for the Awash-Hara Gebeya Railway project for close to 214 million Br. Ethiopian Electric Power (EEP) signed a contractual...


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