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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...

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...


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The federal legislative house rushed through one of the country's most contentious housing...

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Featured | May 31 , 2026 . By HELINA HADGU

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