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Mar 28 , 2020

NIPPED IN THE BUD

For the past five years, Adanech Kumela (left) and Werqe Girma have cut roses at the Yassin Legesse Johnson Flower Farm for export to mainly European and North American markets. The roses not only fet...

Mar 28 , 2020

Ethiopian Airlines Reroutes to Cargo Flights

Ethiopian Airlines, which grounded 60pc of its international passenger fleet, is set to use all of its passenger planes for cargo shipments. The airline came up with the new strategy as a coping me...

Mar 28 , 2020

Ministry Drafts Price Guidelines for Tourist Destinations

A new guideline that will establish official rates to visit tourist destinations across the country and centralise the pricing system is in the making. The guideline will centralise the payment sys...

Mar 28 , 2020

Local Firm to Operate Restaurant, Cinema in Ghion Hotel

Das Engineering Plc, a company co-founded by local filmmaker Tewodros Teshome, is building a restaurant and an open-air cinema inside the premises of the state-owned Ghion Hotel. The company starte...

Mar 28 , 2020

Liquor Maker Cuts Denatured Alcohol Production Line

Rorank Business Plc, a local company that makes spirits under the ownership of British giant Vasari Group, has ceased making denatured alcohol because of raw material shortages. The production faci...

Mar 28 , 2020

State Avails Stimulus Package to Rescue Banking Industry

In light of the spread of Novel Coronavirus (COVID-19), the Office of the Prime Minister has announced the release of 15 billion Br through the National Bank of Ethiopia to address the liquidity crisi...

Mar 28 , 2020

Lion Welcomes Ex-Army Chief of Staff as Board Chair

The National Bank of Ethiopia has approved Tsadkan Gebretensae (Lt. Gen.), former chief of staff of the Defense Forces, as the board chairperson of Lion Bank. Tsadkan replaces Tassew Woldehanna (Ph...

Mar 28 , 2020

INSA Launches COVID-19 Monitoring Platform

The Information Network Security Agency (INSA) has launched an integrated Novel Coronavirus (COVID-19) monitoring platform developed for 1.5 million Br from the Agency's coffers. Launched on March...

Mar 28 , 2020

Trade Ministry Moves to New Rental Building

With the main aim of consolidating and governing two recently merged ministries under one roof, the Ministry of Trade & Industry has leased a seven-story building for a 2.65 million Br monthly fee...

Mar 28 , 2020

Agency Disburses Trachoma Medications

The government has started the process of distributing 971.4 million Br worth of trachoma medications that can treat over 14 million people. Ethiopian Pharmaceuticals Supply Agency (EPSA) started t...

Mar 28 , 2020

Global Registers Moderate Profit, EPS Slides

Despite moderate growth in profit, Global Insurance's earnings per share (EPS) fell slightly by 10pc in the past fiscal year. The company netted 22.1 million Br in profit, achieving four percent gr...

Mar 28 , 2020

New Full-fledged, Interest-Free Bank Queues Up

Shabella Bank, an interest-free bank under formation, has sold 270 million Br worth of shares, of which 120 million Br has been paid. Founded by 20 individuals from the Somali Regional State, the B...

Mar 21 , 2020

ON THE FRONT LINE

Jostling through heavily congested roads worsened by ongoing construction, there is just off to the side an unassuming, depressing, cobblestone alleyway through a cemetery. Several ambulances haphazar...

Apr 1 , 2020

COVID-19 Outbreak Puts Flower Exports in Danger

Ethiopia's flower industry, the second-largest exporter to Europe, is at the brink of disaster with close to 11 million dollars in losses incurred over the past two weeks. A total of 150,000 employees...

Mar 21 , 2020

Supreme Court Establishes Electoral Benches

The Federal Supreme Court started establishing benches at all levels of federal courts to handle disputes that arise in the upcoming election. The Court started establishing benches two weeks ago i...

Mar 21 , 2020

Ministry Waives Excise Tax on Denatured Alcohol

With the goal of making hand sanitizer available to the public, the Ministry of Finance lifted the 60pc excise tax imposed on denatured alcohol last week. The tax was waived after hand sanitizer pr...


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