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Oct 30 , 2021

FENCED OFF

A blue coloured steel fencing has closed access to pedestrians that might have used the bus stop. The street, around Hilton Hotel, also has the street lights behind a barrier of a fence that is likewi...

Oct 30 , 2021

STADIUM UPGRADE

The Addis Ababa Stadium, located near Meskel Square, and not far from the headquarters of the Commercial Bank of Ethiopia (CBE), is under renovation. Contracted out to Friends Engineering, the renovat...

Oct 30 , 2021

Upper House Approves Formation of New Regional State

During its first extraordinary assembly held on October 30, 2021, the upper house of parliament approved the formation of the country's 11th regional state following a referendum vote last month. T...

Oct 30 , 2021

ArifPay Inks Agreement with Abay Bank

ArifPay, a fintech company, and Abay Bank inked an agreement last week to launch a mobile point of sales (mPOS) service. An m-POS service is implemented through smartphones or tablets that can perf...

Oct 30 , 2021

First Quarter Coffee Exports Generate $327m

Coffee exports generated close to 330 million dollars over the first quarter of the fiscal year. The figure is 77pc higher than revenues from the same period last year. A total of 86,300tn of the c...

Oct 30 , 2021

Central Bank Exempts Petroleum Suppliers from Loan Freeze

Regulators at the central bank have exempted petroleum suppliers from the freeze on collateralised loans imposed in August 2021. The exemption comes following an appeal from the Ethiopian Petroleum...

Oct 30 , 2021

Revenues Ministry Collects 70b Br in First Quarter

The Ministry of Revenues collected over 70 billion Br in taxes and duties over the first three months of the fiscal year. The figure is 10.6pc higher than what was collected over the same period last...

Oct 30 , 2021

Authority Prohibits Foreign Radio Streams on Local FMs

The Ethiopian Media Authority has barred local FM radio stations from streaming of foreign radio programmes. Some FM radio stations routinely engage in streaming radio programmes from foreign stati...

Oct 30 , 2021

Donkey Abattoir Earns $190,000 from Exports

Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State, has earned 190,000 dollars from the export of donkey meat to markets in East Asia over the past two months. The...

Oct 30 , 2021

Pioneer Mortgage Bank Opens its Doors

Goh Betoch has officially begun providing services as the country's first private mortgage bank. Established with over 6,600 shareholders, Goh received a banking license after it collected a paid-u...

Oct 23 , 2021

GONE FISHIN'

A fisherman trying his luck out on the shores of Lake Hawassa. He arrived early in the morning, hoping to catch enough fish to take to one of the city's popular fish markets. His hommeade fishing rod...

Oct 23 , 2021

BLOCKED

This sidewalk near Mexico Square is swarming with vendors selling everything from clothing to produce and spices. The roadside business is a real hassle for pedestrians, who are forced to push their w...

Oct 23 , 2021

AFRICAN WEEK

Last week was the African Union's designated Culture Week. An exhibition at the Skylight Hotel on Africa Avenue hosted a slew of vendors from all over the continent, who showed up hoping to sell their...

Oct 23 , 2021

Cabinet Provides 310 million Br in Subsidies to Sheger Bakery

The Addis Abeba City cabinet has approved 310 million Br in subsidies to Sheger Bread Factory. Constructed in partnership with MIDROC Investment Group's Horizon Plantation, the Factory has been str...

Oct 23 , 2021

Private Sector to Join COVID-19 Vaccination Campaign

The private sector is gearing up to offer COVID-19 jabs to the general public, six months after the government kicked off its vaccination campaign. Medtech Ethiopia, a pharmaceutical importer and d...

Oct 23 , 2021

Bole Lemi, Dire Dawa Industrial Parks Welcome Investors

Elauto Engineering and Trade Plc, a vehicle assembler, and Dimitrius Kampouris Plc, a textile manufacturer from Greece, have signed agreements with the Industrial Parks Development Corporation (IPDC)...


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