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Oct 9 , 2021

Addis Credit to Transition into Bank

The shareholders of Addis Credit & Saving Institution S.C have agreed to transform the firm into a full-fledged bank, dubbed the "Bank of Addis," during a general assembly held last week. Addis...

Oct 9 , 2021

PM Appoints Gov't Officials

Following the government formation kicked off last week, Prime Minister Abiy Ahmed (PhD) has appointed officials to serve as state ministers in newly restructured ministries. Redwan Hussien has bee...

Oct 2 , 2021

Ministry Grants Mining Concessions to Six Firms

The Ministry of Mines & Petroleum has granted mining concessions to six firms. The companies, which are looking to extract gold, marble, bromine and chlorine, have already completed exploration...

Oct 2 , 2021

OBSERVATION MISSION

Abera Hailemariam, acting director of Coalition of Ethiopian Civil Society Organisations for Election, briefed the media on its observation of the sixth national elections in constituencies that did n...

Oct 2 , 2021

ROMAN SOLDIERS AT MESQEL

During the Demera celebration, a prominent feature of the Mesqel holiday, held on its namesake, Mesqel Square, last Monday, there were some attendants that showed up wearing costumes of Roman soldiers...

Oct 2 , 2021

COLOURFUL IRREECHA

Yesterday was another festive day for Addis Abeba, which saw the celebration of Ireecha, a thanksgiving holiday that commemorates the beginning of the summer season. Starting from 2019, it has become...

Oct 2 , 2021

Omo Microfinance to Upgrade into Bank

Omo Microfinance is edging closer in its bid to transform into a bank. It is the third microfinance institution to make such a move, after Amhara and Oromia saving & credit institutions. The sh...

Oct 2 , 2021

Rammis Bank Holds First General Assembly

Rammis Bank, which will provide interest-free banking services, held its first general assembly last Saturday, announcing it has successfully met the minimum capital requirements enforced by the centr...

Oct 2 , 2021

Pandemic Casualties Hit All-Time High

Nearly 150 people lost their lives to COVID-19 in a span of three days last week. The highest-ever death toll in a single day was recorded on September 28, 2021, as 49 people succumbed to the virus...

Oct 2 , 2021

Ethiopia to Procure 200,000tn Wheat through UN

The Ethiopian government is to procure around 200,000tn of milling wheat through the United Nations Office for Project Services (UNOPS). The tender, divided into four lots of 50,000tn each, is set...

Oct 2 , 2021

Traffic Accident Deaths Peak on Fridays, Report Reveals

Traffic accident deaths are up to 40pc more likely to occur on a Friday, according to a report released by the Addis Abeba City Administration. The report, published in collaboration with Bloomberg...

Oct 2 , 2021

Authority Sets January Deadline for Telecom License

The Ethiopian Communications Authority (ECA) has set January 2022 as the deadline to issue a second telecom operator's license. Last week, the Authority issued a Request for Proposals (RFP) from pr...

Sep 26 , 2021

Council of Ministers Approves Mining Concessions

The Council of Ministers approves concessions for seven mining companies, four of which are looking to get involved in gold. The Ministry of Mines & Petroleum proposed the companies be granted...

Sep 26 , 2021

BIKE PATH

As the streets of Addis Abeba grow increasingly stressed with traffic, making getting from one part of the city to another ever harder, the city administration is attempting to incentivise alternative...

Sep 26 , 2021

AGRO TRADESHOW COMEBACK

Maxime Bieliaeff, country director for Business France, speaks at a press briefing held to announce the fourth edition of the ‘agrofood & plastprintpack' tradeshow to be held at the Ethiopian Sk...

Sep 26 , 2021

ROADSIDE BEAUTIFICATION

Africa Avenue in the Bole district is used to getting a facelift as frequently as months apart. This time, it is updating a painting on the side of the street. Youth contracted out for the job could b...


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

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