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Mar 13 , 2021

Raxio Kicks Off Data Centre Construction

The Raxio Group, a pan-African data centre developer and operator, launched the construction of its Tier III carrier-neutral colocation data centre at the Addis Abeba ICT Park. The data centre is expe...

Mar 13 , 2021

Eth-Switch Secures $2.3m to Diversify Digital Services

Eth-Switch, the company owned by a consortium of all banks including the National Bank of Ethiopia, which operates the national payment switch, received a 2.3-million-dollar grant from the African Dev...

Mar 13 , 2021

Debub Global Bank Buys Six Housing Units

Debub Global Bank bought six commercial housing units from the Addis Abeba Housing Development Corporation for close to 93.5 million Br. The units are sited in Bole Ayat, Bole Bulbula, and Ihil Nigd a...

Mar 6 , 2021

LOVE TO READ

Dressed in yellow, children from the kids' TV channel Ye Ethiopia Lijoch stand for photos during the inauguration of Prime Minister Abiy Ahmed's (PhD) new book Ye'medemer Menged on March 6, 2021, at U...

Mar 6 , 2021

INFRASTRUCTURE FAIL

Lack of infrastructure is one of the most frequent complaints of businesses attempting to operate in Ethiopia, not to mention people living in it. But what little infrastructure there is can be dilapi...

Mar 6 , 2021

SHERATON SHOP

The sign points the way to the Sheraton Addis Hotel on Taytu Street. But it is also being used as support for the plastic sheet being used to serve as shade for a makeshift coffee shop. It almost look...

Mar 6 , 2021

Ministry Raises Jet Fuel Retail Price

The Ministry of Trade & Industry has revised the retail price of jet fuel by 3.53 Br a litre to 38.65 Br effective from March 6, 2021. The price was also revised on January 1, 2021 and has show...

Mar 6 , 2021

Commission to Aid 10,000 SMEs

The Jobs Creation Commission has set up a rescue fund to aid 10,000 selected small and medium enterprises across the country. The 4.5-million-dollar fund came from the United Nations Development Progr...

Mar 6 , 2021

Industrial Park to Set Foot in Nekemte

The Oromia Industrial Parks Development Corporation inked a deal with Walabu Construction S.C. for the construction of a 7.8-billion-Br agro-industrial park in Nekemte Town, Oromia Regional State. The...

Mar 6 , 2021

Crowdfunding, Remittance App Goes Live

A locally developed crowdfunding and remittance application dubbed Cash Go was launched last week. The easy-to-use application is compatible with both Android and IOS devices. The application's rem...

Mar 6 , 2021

NBE Extends Birr Changeover Deadline in Tigray

The National Bank of Ethiopia (NBE) has extended the window to exchange old banknotes for new ones in Tigray Regional State until March 19, 2021. People who are still holding the old notes will have t...

Mar 6 , 2021

Red Cross Donates 27m Br to COVID-19 Relief

The Ethiopian Red Cross Society donated supplies worth over 26.7 million Br to the ministries of Health and Education as part of its effort in fighting off the COVID-19 pandemic. The Ministry of He...

Mar 6 , 2021

Board Completes Candidate Registration in Capital

The National Electoral Board of Ethiopia (NEBE) completed candidate registration in Addis Abeba and Dire Dawa administrations and the Harari, Gambela, and Benishangul-Gumuz regional states. However, i...

Mar 6 , 2021

Postal Enterprise Amasses 230m Br in Six-Month Period

The Ethiopian Postal Service Enterprise, which has been operating for the last 127 years, has generated more than 230 million Br over the first half of this fiscal year. The figure is 91.2pc of the ta...

Feb 27 , 2021

FORWARDER, AGENTS CHALLENGES

Elizabeth Getahun, president of the Ethiopian Freight Forwarders & Shipping Agents Association, speaks at a panel discussion on challenges and opportunities for Ethiopian businesses at the Skyligh...

Feb 27 , 2021

WEDDING STUNTS

Sometimes, even taping a wedding ceremony could be a death-defying stunt. Peaking through the window of a minibus, a cameraman shoots a wedding procession as a Mercedes-Benz carrying the groom and bri...


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