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May 21 , 2022

Finance Ministry Grants Grace Period to Vehicle Assembler, Taxi Drivers Left in Limbo

Federal authorities have granted a domestic vehicle assembler a grace period before the seizure of knocked-down parts that have been stored at three customs bonded warehouses for four months. Eyob...

May 14 , 2022

Prodigious Budget Appetite Confronts Thrifty Finance Ministers

The mismatch is apparent. Federal budget planners want to slash expenditures for the next fiscal year, but they are met with a bloated appetite from agencies which submitted their respective proposals...

May 14 , 2022

Regional Court Awards Disgruntled Tendaho Sugar Employees 94m Br in Settlement

Thousands of employees of a sputtering state-owned sugar estate have received a settlement for months of unpaid wages following a ruling from a labour case division of the Afar Regional State's High C...

Policy Surfaces to Revamp Infamous Commercial Farming Initiative

The federal government is to introduce an arrangement that would allow investors and smallholder farmers to engage in commercial farming under joint venture agreements. The arrangement comes follow...

May 14 , 2022

Central Bank Cautions Insurers on Investment, Reinsurance Non-Compliance

Regulators at the National Bank of Ethiopia (NBE) have issued a stern warning to several insurance firms for violating rules set to mitigate risks and ensure investments made from insurance funds are...

May 14 , 2022

Fed to Expand $180m Refugee Welfare Project

Federal officials inch closer to securing 180 million dollars in funding from the World Bank to expand a welfare programme designed to bring refugees back to the workforce while in host countries. The...

May 14 , 2022

Enat Bank Sees Credit Boost to Women Powered by Partners

Enat Bank is moving ahead with a financing scheme that targets financially vulnerable women, partnering with Eziti Information Service Plc, a subsidiary of the Kenya-based digital marketing services p...

May 14 , 2022

Board to Zoom-in on Corporates for Financial Report Compliance

The federal agency responsible for audit standards and practices is set to resume financial report evaluations next year after a year-long regulatory capacity building program funded by the World Bank...

May 7 , 2022

UNFRUITFUL UNDERTAKINGS

It has been a disheartening couple of weeks for tomato growers trying to sell their produce in Addis Abeba's markets. A surplus has seen retail prices halved from the 30 Br a kilogramme that consumers...

May 8 , 2022

Retail Prices at Gas Stations Jump

Prices for benzene and diesel will go up beginning today, May 8, 2022. A litre of benzene is set at 36.87 Br, increasing by 16pc. It is an increase of a little over five Birr from what gas stations...

May 10 , 2022

Bill Pushes Cluster Farming Expansion to Hundreds of Weredas

Farming practice by smallholder farmers to grow crops in rhythm on adjacent plots will be legalised, hoping to stir agricultural productivity. A bill legalising the practice and allowing its commercia...

May 7 , 2022

Freight Associations Hit With Wheat, Fertiliser Transport Quota

The federal government has assigned mandatory quotas to cross-border freight transport associations to ferry fertiliser and wheat from ports in Djibouti. The decision comes following discussions he...

May 7 , 2022

International Firms Vie for Contract to Develop Fishery Master Plan

Three international firms are vying to win a contract to develop a master plan for the productivity and commercialisation of the fishery sector. Consulting firms from Spain, Italy and Uganda have subm...

May 7 , 2022

Shipping Enterprise Seeks CBE Defers $67m in Loans

Executives of the Ethiopian Shipping & Logistics Services Enterprise (ESLSE) plan to apply for loan deferment for two years in their effort to acquire two more vessels. Loan deferment allows them...

May 7 , 2022

Moyale Town to See Half Billion Birr Market Centre

The federal government plans to spend over half a billion Birr on building a market centre on a vital crossing point to Kenya, hoping to facilitate cross-border trade. Construction work is scheduled t...

May 7 , 2022

Compensate Employees: A Judge Orders Edna Mall Management

Hundreds of employees working for Tekleberhan Ambaye Construction Plc (TACON) and its subsidiary, Edna Mall, should be paid compensation for "unlawful" terminations of employment, a Judge at the Feder...


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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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The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

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Global Bank Board Suspends 18 as Deposit Probe Widens

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

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