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Apr 17 , 2020

HOLIDAY MARKET IN DEPRESSION

Unsurprisingly, Qera was not its usual self during this Easter holiday. It was not empty, but neither was it filled to the brim with buyers the way it typically is during holidays. Like most things...

Apr 17 , 2020

Bill Cements Financial Institution Interoperability

A new directive that will lay out the infrastructure for interoperability, a system that enables financial and non-financial institutions to work with or use the parts or equipment of another system,...

Ethiopia Turns to IMF for Response Package

Ethiopia has requested 415 million dollars from the International Monetary Fund (IMF) through the Rapid Disbursement Instrument Facility without ex-post conditionality. The Ministry of Finance request...

Apr 17 , 2020

Manufacturing, Construction Feel COVID-19's Heat

About 1.4 million jobs in the manufacturing, construction and services sectors will be threatened by the economic impact of the Novel Coronavirus (COVID-19), according to a preliminary assessment done...

Apr 17 , 2020

Task Force Emerges to Push Digital Transactions

The National Technology Task Force, under the wing of the National Ministerial Committee, has emerged to promote digital transactions and supply key information about the Novel Coronavirus (COVID-19)...

Apr 17 , 2020

Supreme Court Drafts Directive to Speed Court Proceedings

The Federal Supreme Court is gearing up to issue the first criminal and civil case flow management directive that will regulate the time federal courts take to close cases. The directive, which has...

Apr 17 , 2020

Ministry Designs E-Learning Platform to Continue Education

A wing under the Ministry of Science & Higher Education has developed a digital learning platform and a library platform to continue the education that was cut off due to the Novel Coronavirus (CO...

Apr 17 , 2020

Oromia Police Break Ground on Head Office

The Oromia Police Commission has started constructing a new headquarters at its previous premises located on Sierra Leone Street for an estimated 700 million Br. Planned to rest on a 3,900Sqm plot...

Apr 17 , 2020

Ministry Approves Five Wind Farm Projects

The Ministry of Finance has added five wind energy projects to the list of those to be developed under public-private partnerships (PPP) for the first time. The board of the Directorate General of...

Apr 17 , 2020

Habesha Steel to Feed Victims of COVID-19

Habesha Steel Mills, a firm owned by an Indian businessperson, has pledged to feed 500 people who have lost jobs due to the Novel Coronavirus (COVID-19) twice a day. The company also made a 15 million...

Apr 12 , 2020

QUARANTINE QUANDARY

Travelling is no longer just an expensive and laborious process. In the time of the Novel Coronavirus (COVID-19) pandemic, it is near impossible. Even countries such as Ethiopia, grateful to receive t...

Apr 12 , 2020

Ethiopia Requests $1.6b Emergency Funding

Ethiopia has asked for 1.6 billion dollars of emergency funding from the Development Assistance Group (DAG), a consortium of 30 bilateral nations and multilateral agencies supporting the country, to a...

Apr 12 , 2020

Ethiopia Outlaws Handshakes, Obliges Masks in Public Places

The Council of Ministers has approved a regulation that outlaws handshakes and obligates the use of face masks in public places. Non-compliance could be punished with up to three years in jail or a fi...

Apr 13 , 2020

United Bank Goes Live with Upgraded Core Banking System

All the branches of United Bank went live at the beginning of this month with the latest version of core banking system implemented by a team of in-house IT staff members. The new core banking solu...

Apr 12 , 2020

Greek Club Gives Annual Leave to Furloughed Employees

After being ordered to do so by the Addis Abeba Bureau of Labor & Social Affairs, Greek Club, one of the oldest restaurants in the capital, has given paid annual leave to the 72 employees it had o...

Apr 12 , 2020

Six Firms Seal Deal to Supply Public Offices with Cartridges

Six local companies secured a deal to supply 100 million Br worth of toner cartridges that will be distributed to 187 federal institutions. Nanodas Trade & Industry, National Marketers, Veer Ge...


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