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Feb 18 , 2023

Nib Bank Enjoys Robust Liquidity Amid Declining Return on Shares

Nib International Bank's (NIB) directors and executives had a somewhat melancholy report to present to thousands of shareholders met in December 2022 at Inter Luxury Hotel, on Guinea Conakry Road, in...

Feb 18 , 2023

Central Bank Rolls Out Minimum Premium Rate for Motor Insurance

The minimum rate for the amount insurance companies charge customers to provide motor insurance coverage will be set by the central bank when a draft directive prepared by the central bank sees the li...

Feb 18 , 2023

Omo Kuraz Sugar Estate Remains a 'Sweet' Dream

Millions of dollars worth of machinery have been collecting dust for nearly three years after a Chinese contractor suspended the half-a-billion-dollar construction of a sugar plant in the Omo Valley....

Feb 18 , 2023

Security Agency Shields 15b Br from Cyber Attacks

Cyber crimes have been targeting financial, security and public institutions. According to a half-year report compiled by the Information Network Security Agency (INSA), more than 2,000 attempts have...

Feb 18 , 2023

Capital Market Authority Avails a Trifecta of Directives

Banks are required to create independent subsidiaries with 100 million Br capital to engage in investment banking of the upcoming capital market. The realisation of a capital market is building up...

Feb 11 , 2023

HUG UNDER THE SHADOW OF DEBT

Prime Minister Abiy Ahmed (PhD) had a darting tour of Europe last week, where he visited three countries in two days. In Paris, he met his counterpart, Emmanuel Macron, whose country co-chairs with Ch...

Feb 11 , 2023

City Administration to Roll Out Generous Incentives for High Brass Officials

Officials in the higher echelons of the city government are to receive generous incentive packages ranging from free housing to a five million Birr renovation allowance from the Addis Abeba City Admin...

Messebo Cement Resumes Production Despite Power Fluctuations

Messebo Cement Factory resumed production a fortnight after it was interrupted for over two years following a civil war in the Tigray Regional State that broke out in November 2020. One of the larg...

Feb 11 , 2023

Oromia Insurance Enjoys Solid Asset Base Steering Buoyant Year

Growing capital base, solid assets and swelling premiums help Oromia Insurance gallop in an industry increasingly limited by industrywide price gouging. Its growth rate exceeded the industry's average...

Feb 11 , 2023

City Administration Embarks on Spirited Bid to Outsource Public Parks

Private businesses interested in owning and managing public parks have a rare opportunity that opened after the Addis Ababa City Administration decided to onboard private capital to run three such fac...

Feb 11 , 2023

Africa Becoming Epicenter of Extremism: UN Report

Unemployment is cited as the most common factor driving people to join extremist groups in sub-Saharan Africa, according to the two-year UN Development Programme report. Close to 25pc of the individua...

Feb 11 , 2023

Construction Corp Owed Roads Administration Wopping 39.8 Trillion Br

A state-owned company in the construction sector owed the Ethiopian Roads Administration (ERA) a staggering amount of debt seven times larger than the country's economic size, a federal audit finding...

Feb 4 , 2023

AMID OFFICIAL BLAME SHIFTING HIGH SCHOOL STUDENTS BECOME VICTIMS

Officials are toiling to radically overhaul the education system after experiencing a "shock" from a minuscule number of 12th-grade students passing the average grade to make it to college. Amid offic...

Feb 4 , 2023

Fed Tables Revised Excise Tax on Imported Vehicle

The auto market foresees changes as a draft proclamation of excise tax on imported vehicles is revised. An amendment to the cylinder capacity (CC) of vehicles imported and the amount of excise tax the...

Fertilizer Arrives Earlier than Anticipated

A ship carrying half a million quintals of urea arrived at the Djibouti ports last week. The amount accounts for nearly five percent of the total fertilizer imports scheduled for the year, while the...

Feb 4 , 2023

Hibret Bank Glides Through Another Year

For thousands of Hibret Bank's shareholders who congregated at the Inter-luxury Hotel in November for a general assembly and marked their bank's service for a quarter of a century, praising profit oug...


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For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

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Global Bank's Board of Directors have overhauled top management, after suspending several...

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