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Oct 2 , 2021

Associations Receive Nod to Buy 1,500 Taxis Duty Free

Dozens of taxi associations are one step closer to realising their dream of buying 1,500 vehicles after federal authorities gave the nod of approval last week. The cars are to be assembled domesticall...

Oct 2 , 2021

Geospatial Institute Acquires Time-Saving, Data Quality Tech

A Geospatial Information Institute (GII) has acquired a new technology that is hoped to significantly cut down the time it takes to conduct mapping surveys. The light detection & ranging (LiDAR...

Sep 30 , 2021

DEVELOPING STORY: Somali Polling Station Closed over Security Concerns

A polling station in Moyale town, Somali Regional State, has had to be shut down due to security threats, disclosed Birtukan Mideksa, head of the National Election Board of Ethiopia (NEBE). Over fi...

Sep 30 , 2021

DEVELOPING STORY: Addis Abeba Stations Host Harari Voters

Six polling stations in the capital are open to voters casting their ballots for constituencies in Harari Regional State. Voters will be choosing their parliamentary representatives and 36 candidates...

Sep 30 , 2021

DEVELOPING STORY: Polls Open for Deferred Elections

Voters in 47 constituencies in the Somali, Harari and Southern regional states, as well as Dire Dawa City Administration, are casting their ballots in the sixth national elections. These were some of...

Sep 26 , 2021

CONSUMERS' ONION TEARS

Consumers are no strangers to sharp increases in the prices of goods and services, considering the consistent inflationary pressure in the economy. Nonetheless, not many were prepared onions, usually...

Sep 30 , 2021

Sluggish Treasury Bill Market Hog-ties Gov't Budget Deficit Narrowing Effort

The central bank's treasury bill (T-bill) auctions continue to underperform as recent measures from the regulatory body jeopardise banks' liquidity positions. Financial and non-financial institutio...

Sep 26 , 2021

Ethiopia's Officials Feel Junk Credit Rating Short-term Worry

Standard & Poor's (S&P), an American credit rating agency, has downgraded Ethiopia's credit standing to "junk", caused by political turbulence, civil war and a fall in assistance from developm...

Sep 26 , 2021

Central Bank Exempts Microfinance from Loan Freeze

The freeze placed on asset-based loans could not apply to microfinance institutions (MFIs), the National Bank of Ethiopia (NBE) said. They are exempted from the freeze, irrespective of the types of...

Sep 26 , 2021

Wereda Officials Shut Mercato Commercial Building, Leaving Tenants in the Cold

City authorities have shut down a commercial centre in the country's largest marketplace over allegations the share company that owns the building has not renewed its license. It is a decision that pu...

Sep 26 , 2021

Coffee Lobby Groups Forge Alliance to Push Back on Policy

Over half a dozen of the largest coffee industry lobby groups have agreed to forge an alliance to gain bargaining power and deal with hurdles holding coffee farming from showing improvement in yield....

Sep 26 , 2021

Ethiopia Approves Tariff Schedule for Africa Free Trade

Ethiopian officials have approved a list of products and services subject to customs tariff reductions under the African Continental Free Trade Agreement (AfCFTA). Seven percent of the duty items a...

Sep 26 , 2021

Bahir Dar Shuts Down Sports Betting Joints

The Bahir Dar City Administration has ordered all betting companies to suspend operations. It is an outcome of the tense security situation in the country's northern regions and part of a series of...

Sep 18 , 2021

COVID 'X' WAVE

The Millennium Hall on Africa Avenue, a popular destination for concerts, exhibitions and public gatherings, has returned to a scene that has been familiar ever since the first case of the COVID-19 pa...

Sep 18 , 2021

IMF Credit Facility Expires as Debt Rework Faces Delay

Ethiopia's access to a 1.5 billion dollar concessional loan facility availed by the International Monetary Fund (IMF) is set to expire this month following the inability of Ethiopian authorities to co...

Sep 18 , 2021

Industrial Parks Finally See Labour Unions Emerge

Thousands of workers employed by factories operating in the Hawassa Industrial Park are edging closer to form labour unions, a move surfacing after years of controversy. The workforces of two of th...


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