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May 18 , 2019

GOT MILK?

Weeks following the Easter Holiday have been uncomfortable for consumers of milk. Although supply has never met demand, the current milk shortages have been frustrating consumers and producers who ant...

May 18 , 2019

DBE Suffers Mammoth Loss of 1.7b Br

The Development Bank of Ethiopia (DBE), the state-owned policy bank established to provide development financing, has suffered a mammoth loss of 1.7 billion Br from its operations during the first thr...

May 18 , 2019

Ethio-Djibouti Railway Partially Resumes Operation

The Ethio-Djibouti Railway partially resumed operations three weeks after being derailed in East Showa Zone of the Oromia Regional State. However, the train will still not be able to travel during nig...

May 18 , 2019

Code of Conduct Arises for Political Appointees

High-level government officials cannot receive gifts or overseas travel offers without getting approval from the Prime Minister, according to a new regulation that is in the making. Under draft for...

May 18 , 2019

Ethiopia Begins Power Rations, Cuts Exports

Faced with reductions of generation capacity at most of its hydroelectric dams, the Ministry of Water, Irrigation & Electricity began rationing power on May 9, 2019, and cut the amount of power th...

May 18 , 2019

First Opal Trading Center Emerges in Amhara State

The government has opened the first opal trading centre where artisanal miners trade with exporters in Delanta Wereda, South Wello Zone of the Amhara Regional State. Aimed at fighting illegal trans...

May 18 , 2019

New Private Commercial Bank Queues Up

Gedaa Bank, still under formation, has started selling shares after getting approval from the National Bank of Ethiopia (NBE). Gedaa offered the shares for a public subscription three weeks ago and...

May 18 , 2019

Zemen Edges Closer to Becoming Newest Insurance Co.

The 18th insurance firm, Zemen, is in the last stage of joining the insurance industry, only waiting for final approval from the National Bank of Ethiopia. Zemen has finalised the formation process b...

May 18 , 2019

Gag on Anbessa Beer Commercial Prelude to Wholesale Ban on Brewery Industry

The newest entrant into the brewery market, Anbessa Beer, faced a setback shortly after its initial launch following a ban on its main advertisement in the media. The advertisement was banned after a...

May 18 , 2019

Training Aircraft Crashes, Kills Pilot

A training aircraft by Abyssinian Flight Services crashed in Omo Beyem Wereda, 70Km Northeast of Jimma, on Friday, May 17, 2019. The plane crashed at around 10:00am while on its way to Woliso from Jim...

May 18 , 2019

Africa Hall Renovation One Step Closer

The Economic Commission for Africa (ECA) is a step closer to initiating the renovation of Africa Hall. The Commission signed a contractual agreement with a consortium of local and international constr...

May 11 , 2019

MEDICAL COMMUNITY DISORDER

Medical interns have had enough. Long working hours, low salaries and benefits, and poor medical facilities is leading them to drop out of their profession, they claim. An incident at Jimma Univers...

May 11 , 2019

Committee Emerges to Audit MetEC Project

An eight-member committee will begin auditing a 1.7-billion-Br "failed project" that was awarded to the Metals & Engineering Corporation (MetEC) this coming week. The Manufacturing Industry Ste...

May 11 , 2019

Survey to Detect Corruption Levels

The government will conduct a national survey in July to identify the most corruption-prone institutions and the overall level of corruption in the country. The Federal Ethics & Anti-Corruption...

May 11 , 2019

The new electronic system replaces Cash Payment Orders

Taxpayers in the capital have started paying their taxes using an electronic payment order system, which replaces the paper-based Cash Payment Order (CPO) . The Ministry of Revenues has fully opera...

May 11 , 2019

Budget Constraints Bind Hawassa Dry Port Dev't

Lack of budget funding has forced the state shipping enterprise to hold off its planned construction of a dry port facility near Hawassa Industrial Park, the nation's flagship park. The Ethiopian S...


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