State Company Ends Power Shading on Household Consumption

State Company Ends Power Shading on Household Consumption

July 8 , 2019

The state owned utility monopoly, Ethiopian Electric, has ended power rationing to household users while extending the shading to industries for additional two weeks. For the coming 15 days, all industries will be operating with their 50pc capacity during day time and can work in their full capacity between 11:00pm and 5:00am. However, stone cru...

== The state owned utility monopoly, Ethiopian E...

Parliament Appoints Human Rights Commissioner

Parliament Appoints Human Rights Commissioner

July 2 , 2019

Parliament has approved the appointment of Daniel Bekele (PhD) as Commissioner of the Ethiopian Human Rights Commission. A lawyer by training and an advocate of human rights with Human Rights Watch, his appointment was approved during today's session that was attended by 315 MPs. An MP abstaining from the Somali Peoples' Democratic Party. Dan...

== Parliament has approved the appointment of Da...

Addisu Habba Tenders Resignation

Addisu Habba Tenders Resignation

June 17 , 2019

The President of Debub Global Bank, Addisu Habba, has resigned from office as of July 1, 2019. Tesfaye Boru (PhD), vice president of the Bank, will replace him as acting president. Addisu is also a leader of the banking industry, serving as president of Ethiopian Bankers' Association for the past seven years. He joined Debub Global Bank in 2014...

The President of Debub Global Bank, Addisu Ha...

Economic Policy Reform Hopes to Address Five Areas

Economic Policy Reform Hopes to Address Five Areas

June 12 , 2019

The recent economic policy reforms have focused on correcting macroeconomic imbalances and distortions created by previous growth drives, according to Mamo Mehiretu, advisor to the Prime Minister on policy reform issues. Describing the new moves as " practical and pragmatic" in the administration's approach, the reforms are meant to address issu...

The recent economic policy reforms have focus...

Fukuyama Gives Public Lecture in Addis

Fukuyama Gives Public Lecture in Addis

June 11 , 2019

Francis Fukuyama, professor at Stanford University and a renowned thinker in development and international politics, is in Addis Abeba today giving public lecture at the Hyatte Regency Hotel. He speaks on how to manage politics in economic transition and the triumphs as well as tribulation of the developmental state. He began his talk noting...

Francis Fukuyama, professor at Stanford Unive...

National Census Postponed by a Year

National Census Postponed by a Year

June 10 , 2019

A joint session of the parliament and the House of Federation has postponed the fifth national census for one year. Attended by 320 and 112 members of the parliament and the federation, respectively, the postponement was passed today, June 10, 2019. The votes in favour of postponing the census was challenged by 30 in opposition and three abstains....

A joint session of the parliament and the Hou...

MIDROC Launches Industrial Scale Bakery Construction for 800m Br

MIDROC Launches Industrial Scale Bakery Construction for 800m Br

June 6 , 2019

Horizon Plantations, a subsidiary of MIDROC Ethiopia Group, has laid a cornerstone for the construction of a flour and bakery plant with an investment of 800 million Br. The cornerstone was laid today, June 6, 2019, in the presence of Takele Uma, deputy mayor of Addis Abeba, Abinet Gebremeskel, CEO of MIDROC Ethiopia’s Project Management Offic...

Horizon Plantations, a subsidiary of MIDROC E...