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Nov 13 , 2021

HIDDEN LIGHT

Public landscaping and traffic safety are grappling for space on the street near National Theatre. Engulfed by the leafy tree, a traffic signal can be seen poking out. The traffic light is showing red...

Nov 13 , 2021

Ministry Reports $1.8b Debt Serviced Last Year

The federal government serviced 1.8 billion dollars worth of external debts over the last fiscal year, according to a report from the Ministry of Finance. Of the amount, 1.3 billion dollars went to...

Nov 13 , 2021

Headline Inflation Clocks In at 34.2pc

The Ethiopian Statistical Service reported that year-on-year inflation for last month sat at 34.2pc. Food inflation registered at 40.7pc while non-food inflation showed a 25.3pc surge from October las...

Nov 13 , 2021

Dashen Bank Partners with Thunes

Dashen Bank has partnered with Thunes, a global payment network, to facilitate remittance transfer. Thunes operates in more than 100 countries and offers multiple channels for customers to transfer...

Nov 13 , 2021

Not the Right Time for a New Program: IMF

During a press briefing held last week, representatives of the IMF stated that it would be difficult to kick off any new projects in Ethiopia given the heightened uncertainty in the country and its im...

Nov 13 , 2021

MIDROC Strikes Deal with Marriott International

MIDROC Ethiopia and Marriott International have signed an agreement to place the management of a hotel in the compound of the African Union headquarters under the latter's Westin Hotels & Resorts...

Nov 13 , 2021

Parliament Assigns Standing Committee Chairs

Parliament assigned chairpersons to 11 standing committees of the house last week. The chairs will be leading the standing committee of the house formed in 11 sectors such as the Foreign Relations...

Nov 13 , 2021

State Enterprises Net 14b Br in First Quarter

Three state-owned enterprises (SOEs) have reported combined profits of over 14 billion Br during the first quarter of the fiscal year. The Commercial Bank of Ethiopia (CBE), Ethio telecom, and the...

Nov 13 , 2021

Latest T-bill Auction Raises 19b Br

The central bank's latest auction of treasury bills (T-bills) saw a total of 19 billion Br worth of bids. The government-guaranteed bonds are auctioned off bi-monthly to financial institutions, pensio...

Nov 6 , 2021

HEADACHE BEFORE ACCESS

Infrastructure is perhaps the more critical element for making a city more accessible. But the process of its construction is a headache for residents and passersby. This road construction in Qera is...

Nov 6 , 2021

STEEP DESCENT

Overlooking the Meshawlekia roundabout, along the street that takes to Mesqel Square, is a cliff people descend using poorly constructed stone stairs. A steep descent, people often have to climb down...

Nov 6 , 2021

INCLUSIVE ATM

Fekadu Tsega, board member at the Ethiopian National Association for the Blind, tries out the new automated teller machine (ATM) introduced by the Bank of Abyssinia. Customised for the blind and launc...

Nov 6 , 2021

Ministry Affirms Extension for Kefi's Gold Mining Exploration

The Ministry of Mines has extended Kefi Mineral's Tulu Kapi gold exploration project kickoff deadline by two months to the end of January 2022. The Ministry had cautioned the company to commence opera...

Nov 6 , 2021

Board Suspends Elections In Benishangul-Gumuz

The National Election Board of Ethiopia (NEBE) has announced that elections in Benishagul-Gumuz Regional State are suspended indefinitely in light of the state of emergency imposed last week. The B...

Nov 6 , 2021

Dashen Launches International Debit Card

Dashen Bank has launched an outbound card, dubbed the Dashen American Express International Debit Card, in partnership with American Express. The card is catered towards Dashen's clients travelling ab...

Nov 6 , 2021

US Donates 1.5m Pfizer Doses

The United States government donated over 1.5 million doses of the Pfizer COVID-19 vaccine to Ethiopia last week, a day before revoking Ethiopia's AGOA eligibility. This is the first batch of Pfizer v...


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