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Dec 19 , 2021

Ministry Designates Addis Abeba Hospitals for Health Infrastructure Repair in North

Nearly a dozen public hospitals in Addis Abeba have been placed in charge of restoration works for health centres located in the Amhara and Afar regional states, where war has destroyed medical infras...

Dec 19 , 2021

High Court Orders Injunction on Ghion Restaurant, Cinema Construction

A judge at the Federal High Court has ordered an injunction on the ongoing construction of a restaurant and an open-air cinema inside the Ghion Hotel premises in Addis Abeba. The latest ruling put...

Dec 19 , 2021

Central Bank Pushes Microfinance Institutions for Capital Threshold Jump

The central bank tightens its grip on microfinance institutions (MFIs), planning to increase the minimum paid-up capital threshold to as high as six-fold. This will be the second time the minimum p...

Dec 11 , 2021

Fuel Subsidy Scale Back Drives Record-High Prices at Pumping Stations

Federal authorities increased prices on various fuel products last week, making a record-high jump never seen before in pumping stations. As the news made its rounds that benzene and diesel would s...

Dec 11 , 2021

Authority Designates 07 for Safaricom Ethiopia Calls

The communications regulatory authorities have designated Safaricom Ethiopia Plc, soon to be the first private operator in the telecom market in over a century, the block number '07' for its mobile ca...

Dec 13 , 2021

Ethiopia Pays Eurobond Interest Amid Credit Downgrades, Delayed Debt Reprofile

The federal government has settled a bi-annual coupon payment on its Eurobond debt maturing in three years, despite deteriorating ratings by major global rating agencies. The interest payment of 3...

Dec 11 , 2021

State Monopoly Over Seed Market Nears an End

A decades-old state monopoly on seed marketing will soon be over if a bill in the making by experts at the Ministry of Agriculture sees through the legislative process. Officials of the Ministry ho...

Dec 11 , 2021

Awash International Bank Rides on the Right CAMEL

The leading private commercial bank cemented its place in the industry with an impressive performance that saw it make strides on nearly all CAMEL fronts. Awash International Bank (AIB), the first...

Dec 11 , 2021

Nib Insurance, Bank Venture on Novel Premium Financing Scheme

The financial institutions under the brand "Nib" have rolled out an insurance premium financing facility where the Bank pays annual premiums on behalf of taxi owners and public transport vehicles unab...

Dec 11 , 2021

Road to Connect British Embassy to Africa Avenue for $25m

A new road connecting Comoros St. (along the British Embassy) and Africa Avenue (Bole Road) is to be launched with an outlay of 24.5 million dollars, financed by the World Bank. The project is one...

Dec 4 , 2021

FRESH LOOK, OLD HORSE

Teferi Mekonnen (right), president of the re-named Oromia Bank, was joined by Yinager Dessie (PhD) (centre left), governor of the National Bank of Ethiopia (NBE), for the unveiling of a new brand logo...

Dec 4 , 2021

City Cabinet Lowers Interest Payments for Undocumented Homesteads

The Addis Abeba City Administration cabinet has granted housing properties erected on unlawfully occupied land reduced annual lease payment rates. It is based on a regulation introduced in 2011, wh...

Dec 4 , 2021

Federal Wheat Procurement Flounders

Procurement officials at the federal government have floundered in their efforts to buy hundreds of thousands of tonnes of wheat due to uncertainties over lack of interested bidders and technical issu...

Dec 4 , 2021

Central Bank Grants Edible Oil Input Imports Top Priority in Forex Allocation

The central bank has changed the list of items imported to the country that are prioritised for foreign currency allocation from commercial banks. Inputs for edible oil production are included in the...

Dec 4 , 2021

Dashen Chronicles Mixed Silver Jubilee

Dashen Bank saw its assets balloon last year, shying from hitting the 100 billion Br mark by five billion Birr. It is a phenomenal growth in a quarter of a century, recording a 39pc jump from the prev...

Dec 4 , 2021

Modjo Dry Port Expansion Faces Hiccup in $25m World Bank Loan

The expansion project of a dry port facility in Modjo faces yet another setback following a deferred approval of a 25 million dollars loan request by the World Bank. The Bank is financing the under...


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For a political veteran as controversial as Getachew Reda, last week's national elections...

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Customers settle into a carefully curated space of dark wood, black accents, muted green f...

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