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Aug 7 , 2021

Authority Suspends Renewal Services, Freight Transport Operators Livid

The Federal Transport Authority has suspended permit renewal services for freight operators following an order from the Federal High Court. Earlier this year, the Court had passed an injunction on...

Aug 7 , 2021

Derba Cement to Add Additional Plant, Double Production

Derba MIDROC Cement is moving forward with an expansion project to double its current production capacity. Owned by the business tycoon Mohammed Hussein Al-Amoudi (Sheikh) and his family, Derba Cem...

Aug 7 , 2021

Ahadu, Amhara Banks Nominate Industry Veterans, Pending Central Bank Approval

Two banks awaiting licenses to go operational have nominated veteran bankers as their founding presidents. Ahadu Bank has nominated Eshetu Fantaye, former head of Bunna Bank, as its first president...

Jul 31 , 2021

Abinet Gebremeskel Departs MIDROC, "Sacked" or "Resigned"

Abinet Gebremeskel, a close confidant of Mohammed Hussein Al-Amoudi (Sheikh) for over three decades, has left the MIDROC Ethiopia Group in all but clear circumstances. Abinet says he had resigned from...

Jul 31 , 2021

Businesswoman Acquires Nexus Hotel for 740m Br

A businesswoman with assets in the hospitality industry has acquired the Nexus, a four-star hotel located in the Gerji area, for 740 million Br. Tiliksew Gedamu, the owner of the Grand Hotel in Bah...

Tenants in Historic Piassa Buildings Breathe Sigh of Relief

Tenants of two historical structures in Piassa, Addis Abeba, breathed a sigh of relief after being granted assurance that their names are not included on the list of properties slated for demolishment...

Jul 31 , 2021

Federal Government to Harmonise Regions' GDP Computation

Regional authorities will soon start computing the size of their respective economies based on a new manual prepared by the federal government. It is a part of the Planning & Development Commis...

Jul 31 , 2021

Transport Operators Flustered by New Tax Regime

Transport owners with permits to operate in Addis Abeba will be compelled to keep audited accounts beginning this year, obliged to comply with a new tax regime the authorities imposed on the sector. ...

Jul 31 , 2021

Industrial Parks Available for Non-Manufacturing Investments

Prospective investors can now submit business proposals should they be interested in engaging in commercial ventures in four industrial parks, following the Industrial Parks Development Corporation (I...

Jul 31 , 2021

UK Bovine Semen to Boost Milk Production through Artificial Insemination

A project office under the Ministry of Agriculture (MoA) is importing 10 million Br worth of frozen bovine semen from Cogent Breeding Limited, a company based in the United Kingdom (UK), to begin arti...

Jul 24 , 2021

Ministry Redefines 'New' for Vehicle Taxation

Customs authorities have been directed to consider all motor vehicles imported within three years of their manufacture date as 'new' for the purposes of assessing duty and excise tax. With the upda...

Shipping Enterprise Gives Waiver to Importers

Local importers have begun receiving waivers from the Ethiopian Shipping & Logistics Services Enterprise (ESLSE), allowing them to use other shipping companies to transport their goods from ports...

Jul 24 , 2021

Ethiopia Recalls All Diplomats But Ambassadors, Finance Heads

All Ethiopian diplomats, barring ambassadors and heads of finance, have been instructed to report back to Addis Abeba by mid-August 2021. They are called back to attend a reorientation, which is se...

Jul 24 , 2021

Cement Prices Hike as Gov't Removes Price Controls

Barely a week after the government set aside its cement market regulatory policy, cement prices have spiked up to as high as 900 Br a quintal, double the official price from two weeks ago. The surg...

Jul 24 , 2021

Authorities Add Six Hotels to Shutdown Spree

Authorities have closed down six prominent hotels situated in the Haya Hulet and Bole areas of Addis Abeba. The establishments are the latest to join a long list of hotels, bars and restaurants, inclu...

Jul 24 , 2021

Ed Stelar Gears Up for Export

A local company, Ed Stelar Foods Plc, is warming up to start exporting semi-processed meat products, particularly burger patties and meatballs, to Somaliland, Djibouti and the United Arab Emirates. ...


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The Elections Offered Order at the Centre, Silence at the Edges

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

Editorial | Jun 6 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

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

Featured | May 31 , 2026 . By HELINA HADGU

THE GOLD RUSH RUNS OUT OF FUEL

Zenebe Girja used to sit close to the centre of the formal gold trade, where sacks of raw...

Agenda | Jun 7 , 2026 . By MASTEWAL ZEMENE

National Census Delay Opens a New Fight Over Who Controls the Facts

The long-delayed census has returned to Parliament not as a counting exercise, but as a fi...

Fortune News | Jun 7 , 2026 . By NAHOM AYELE