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Oct 16 , 2021

UK, US Provide $66m Aid to War Affected

The UK has announced an additional 29 million pounds (40 million dollars) of humanitarian aid to people affected by the fighting in northern Ethiopia. This comes a day after the United States provi...

Oct 16 , 2021

Capital Gets New Bread Factory

A bread factory built at a cost of 217 million Br was inaugurated in Addis Abeba last week. Resting on 6,000sqm of land in the Lemi Kura District, the factory has the capacity to produce a million...

Oct 16 , 2021

Tena Oil to Expand Production

Tena Edible Oil is gearing up to undergo an expansion project at its plant in Dukem Town, 37Km from Addis Abeba. A subsidiary of 54 Capital, which also owns the Aquasafe bottled water brand, the co...

Oct 16 , 2021

IMF Omits Ethiopia in Growth Forecast

The IMF has omitted Ethiopia in its latest GDP growth forecast, citing uncertainty. This is the first time the organisation has failed to include the country in the report it publishes biannually....

Oct 16 , 2021

Jotun Inaugurates Paint Factory

Jotun Paint, a Norwegian multinational chemicals manufacturer, has inaugurated a paint factory in Adama Industrial Park. The factory has the capacity to produce eight million litres of paint annually...

Oct 16 , 2021

T-bill Market Sees Dramatic Turnaround

The latest round of treasury bill auctions saw an oversubscription by over three billion Birr. Bidders offered 37.5 billion Br, although the central bank brought a total of 34 billion Br worth of bill...

Oct 16 , 2021

Audit Leads to Suspensions over Land Grabs

The Addis Abeba City Administration has suspended 120 officials and civil servants suspected of being involved in land grabbing. Briefing the media last week, Tiratu Beyene, city manager and deputy...

Oct 9 , 2021

SURVEYING BY WHEEL

A surveyor is carefully measuring the distance on the road using a digital surveyor's wheel. He is taking careful notes at the same time to minimise error. This is in preparation of a line that would...

Oct 9 , 2021

AAU FAIR

Tassew Weldehanna (Prof.), president of Addis Abeba University, visits a booth by Huawei, Chinese telecom giant, at the job fair on October 5, 2021. The Job Fair and Cooperation Enhancement Meeting, h...

Oct 9 , 2021

BREAK TIME AT CBE

Workers at the headquarters of the new Commercial Bank of Ethiopia, around the National Theatre, and contracted out to China State Construction Engineering Corporation, take a break to witness the pro...

Oct 9 , 2021

Payment Instrument Issuers Allowed to Provide Remittance Services

The National Bank of Ethiopia (NBE) has allowed payment instrument issuers to engage in remittance services in partnership with international remittance service providers, such as Western Union and Mo...

Oct 9 , 2021

Voters Opt for New Regional State

Over one million people in six zones of the Southern Regional State have voted in favour of forming the country's 11th regional state, to be named the Southwestern Regional State. The referendum wa...

Oct 9 , 2021

Central Bank Amends Forex Rules

In a directive issued last week, the National Bank of Ethiopia has allowed its governors and vice governors to approve advance payments on a case-by-case basis. The amended directive gives governor...

Oct 9 , 2021

Coffee Exports Reach New Heights

Ethiopia secured 238 million dollars in export revenues from coffee in the last two months. It portrayed a 102 million dollar increase from the amount registered during the same period last year. O...

Oct 9 , 2021

Avocado Export Ramps Up

Hundreds of farmers in the Amhara and Oromia regional states are gearing up to export avocado. The Agricultural Transformation Institute (formerly an Agency) disclosed that 101.6tn of the fruit, ar...

Oct 9 , 2021

Postal Service Earns 86m Br Profits

The Ethiopian Postal Service Enterprise has reported profits of 86 million Br for the last fiscal year, 11pc higher than its target. The Enterprise's alliance with the Ethiopian Public Health Insti...


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When Parliament takes up the appropriation bill, federal legislators will receive a docume...

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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

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