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Jun 23 , 2019

HOPE IN DOUBTFUL TIMES

President Sahlework Zewde (right) and Seleshi Bekele (PhD) (left), minister of Water & Irrigation, attended a symposium dubbed Ethiopia Water & Energy Week on June 17, 2019, at the Ethiopian S...

Jun 23 , 2019

Ethio Telecom Regains Loan Privilege without State Guarantee

After successfully servicing its foreign debt for the first time in three years, Ethio telecom has regained the privileges of borrowing without a sovereign guarantee. In the last nine months of the c...

Jun 23 , 2019

Task Force Emerges to Oversee Inflation

A new task force has come to life to explore the causes of the recent cost of living escalation and to come up with recommendations to keep the rate down. Chaired by Getachew Adem, deputy chief of th...

Jun 23 , 2019

City to Clear Fraud Charges Against 3,000 Taxpayers

The City Administration requested the Office of the Attorney General dismiss charges against 3,000 taxpayers, who are accused of alleged tax fraud. Initiated by the city's Revenues Authority, Deput...

Jun 23 , 2019

Elevator Procurement Saga Resurfaces in Court

A judge at the First Instance Court Kirkos Bench issued an injunction against a contract that the City Administration was about to award a Chinese firm to supply 338 electric traction elevators for th...

Jun 23 , 2019

Ethiopia to Reinstate WTO Negotiations

Prime Minister Abiy Ahmed (PhD) has formed a 10-member national committee to resume the process of World Trade Organization (WTO) accession, which was paused for the past six years. Formed on June...

Jun 23 , 2019

State to Electrify Tulu Kapi Gold Mine

The government has started the process of building a power substation to supply Tulu Kapi Gold Mine, which recently faced an attack by an armed group. The 15-million-dollars substation construction pr...

Jun 23 , 2019

New Partnership Sprouts to Boost Honey Export

The government has started an effort to establish and upgrade internationally accredited quality testing laboratories for honey with the main aim of boosting revenue from export of the product. For...

Jun 23 , 2019

Local Firm Molds Plastic Plant

A local trading company has invested 145 million Br to set up a plastic manufacturing plant in North Shoa Zone of the Amhara Regional State. Nared General Trading, a pharmaceutical import and whole...

Jun 23 , 2019

Sugar Corporation Welcomes New Board Chair

Beyene Gebremesqel, director general of the Public Enterprises Holding & Administration Agency, takes the helm as chair of Sugar Corporation's board of directors beginning this month. Beyene be...

Jun 23 , 2019

Habesha Construction in Profit Slide

Habesha Construction & Materials Development S.C., a local real estate firm and construction material supplier, bagged 13 million Br in net profit in 2018, a slight decline from the preceding year...

Jun 22 , 2019

DEVELOPING STORY: Attempts on the Lives of Regional President, Attorney General Fail

An attempt on the lives of Ambachew Mekonnen (PhD), president of the Ahmara Regional State, and Megbaru Kebede, Attorney General of the Regional State, has failed in the town of Bahir Dar today, sourc...

Jun 15 , 2019

RUDE AWAKENING

As the International Telecommunications Union was announcing it has accepted Ethiopia's request to host the World Telecommunications Development Conference in 2021, the country went offline. Internet...

Jun 15 , 2019

Ethiopia Goes Offline, Operator Remains Silent

This was supposed to be a special week for aspiring 25-year-old businessman Fraol Ibsa. After many preparations, he was planning to go to Dubai by the end of the week and was awaiting his visa via ema...

Jun 15 , 2019

Premier Permits Gas Companies to Hold Offshore Accounts

Companies engaged with oil and gas exploration and development projects can now open an offshore or a foreign bank account, according to a letter from the Office of the Prime Minister. Issued on Ju...

Jun 15 , 2019

Auditor General Office Gets More Power

The Audit Services Corporation will be reporting to the Federal Auditor General rather than parliament, according to a new proclamation that was legislated at the end of last week. Previously, the Co...


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