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Jan 18 , 2020

Years From Hilton

Mulatu Teshome (PhD), former president of Ethiopia, waited outside the main hall of Hilton Addis to greet his successor, Sahle-Work Zewde, last Thursday. Together, joined by Claus Steiner, general man...

Jan 18 , 2020

Years From Hilton

Mulatu Teshome (PhD), former president of Ethiopia, waited outside the main hall of Hilton Addis to greet his successor, Sahle-Work Zewde, last Thursday. Together, joined by Claus Steiner, general man...

Jan 18 , 2020

Central Bank Avails 9b Br to Ease Liquidity Crisis

For the second time in a month, the National Bank of Ethiopia (NBE) availed a nine-billion-Br loan to cash-strapped commercial banks at a competitive bidding interest rate. The central bank, which...

Jan 18 , 2020

Audit Reveals Mismanagement of 44b Br in Public Funds

An audit conducted on close to 2,000 projects extending four years revealed mismanagement of over 44 billion Br, according to a report tabled to the parliament. Presented by the Office of the Audit...

Consumer Authority Powers Up

A bill that will empower and clarify the major roles of the Trade Competition & Consumer Protection Authority reached the final stage. Drafted by the Authority and the Ministry of Trade & I...

Jan 18 , 2020

Bill Proposes Complete Ban on Plastic Bags

A new bill that completely bans the use of single-use plastic shopping bags for both commercial and household purposes is expected to be tabled to the Council of Ministers this week. Drafted by the...

Jan 18 , 2020

Amid Doubts in Transit, Fertiliser Reaches Djibouti Port

Amid a shortage of trucks to transport imported goods between the port and the country, two ships that carry fertiliser for the coming farming season arrived at the Port of Djibouti. Fifty-thousand...

Jan 18 , 2020

Singapore Firm Regains Wheat Supply Award

Agrocorp International Pte, a Singapore grain supplier, received an award letter to supply 200,000tn of wheat at a total cost of 44.44 million dollars. The Public Procurement & Property Disposa...

Jan 18 , 2020

Abay Maintains Profitability for Eighth Consecutive Year

For the eighth consecutive year, Abay Bank, one of the youngest banks, maintained a positive growth trend, registering a profit three-fold higher than the industry average. Abay's profit after taxe...

Jan 18 , 2020

Despite Profitability, Tsehay's EPS Slides

Building on its success over the past four years, Tsehay Insurance registered another growth in profitability. Yet its earnings per share (EPS) showed a notable decline last fiscal year. Despite th...

Jan 18 , 2020

United Welcomes Melaku as Fifth President

The National Bank of Ethiopia (NBE) gave a green light to Melaku Kebede as the fifth president of United Bank, replacing Taye Dibekulu. The central bank approved Melaku's appointment on January 14...

Jan 18 , 2020

AU Turns Down Arbitration Call from Foreign Affairs Ministry

The African Union (AU), the continental union of 55 member states, seems reluctant to appear before the arbitrator over a dispute concerning unpaid duties on a used car the Union sold to a former reti...

Jan 18 , 2020

Institute Develops National Data Portal

When it goes online within half a year, a new portal will allow any individual with an internet connection to explore and download data on development indicators. Developed by a team of five expert...

Jan 14 , 2020

Dammed Talks

Sileshi Bekele (PhD) (centre), minister of Water, Irrigation & Electricity, and Zerihun Abebe (left), member of the technical committee from the Ministry of Foreign Affairs, came out of the trilat...

Jan 11 , 2020

Green Tax En Route to the Scene

A new bill that will introduce an ecotax, a tax levied on activities considered harmful to the environment, is in the making. Drafted by the Environment, Forest & Climate Change Commission, the...

Jan 11 , 2020

Defense Calls Fed Officials to Testify in Tiret Affairs

A regional supreme court has called three high-level government officials to testify in defence of Bereket Simon, former board director and Tadesse Kassa, former executive of Tiret Corporate, who wer...


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