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May 23 , 2020

CYCLING FRIENDLY

The Addis Abeba City Administration's ambition to make Addis Abeba a cycling-friendly city has not been without its challenges. This street in Lebu is one of the places where the experiment has come t...

May 23 , 2020

CROWDING CONTINUES

Even as the daily number of confirmed COVID-19 cases rises, and despite media campaigns to encourage social distancing, crowding in the streets continues, there still are many people that avoid wearin...

May 23 , 2020

ROAD UPTURNED

Two traders in the business of selling charcoal take a break from rolling this two-wheel carriage to watch an ongoing construction along Debreziet Road, commonly known as Agona. The road construction...

May 23 , 2020

CDC, Institute to Conduct COVID-19 Lab Tests

The U.S. Centres For Disease Control Ethiopia (CDC) and the Ethiopian Public Health Institute (EPHI) have started conducting a COVID-19 lab test at the Institute's Reference Lab. The Centre has als...

May 23 , 2020

Interest Rate Cut Leads Lion Bank to Forgo 21m Br

Lion International Bank has forgone 21 million Br in revenue after cutting lending interest rates and waiving commission fees to alleviate the financial burden on its customers. The Bank has decrea...

May 23 , 2020

Equity Firm Injects Cash into Food Delivery Company

Impact Angel Network, a member of RENEW, has funded the third investment in Roadrunner Technology Solutions, a partner of Deliver Addis, an online food delivery company. Deliver Addis, which has be...

May 23 , 2020

Local Firm Starts Disinfecting Services Against COVID-19

EthioAirs Trade & Investment has started disinfecting services in response to the Novel Coronavirus (COVID-19). The company, which used to provide tour and travel services, human resource manag...

May 23 , 2020

Bunna Alters Lending Rates to COVID-19 Affected Industries

Bunna Bank has made amendments to lighten the economic impact of the Novel Coronavirus (COVID-19) on different businesses and relieve the pressure on borrowers. The Bank waived the commission fees...

May 23 , 2020

Korea Donates Masks to Ethiopian War Veterans

The Embassy of the Republic of Korea in Addis Abeba has donated a total of 40,000 face masks to be delivered to 911 people, including war veterans and their families. The donations, provided by the...

May 23 , 2020

Berhan Bank Cuts Lending Interest Rates

Berhan Bank has cut interest rates ranging between 0.5 to four percentage points as of May 18, 2020, to mitigate the financial impact of the Novel Coronavirus (COVID-19). The adjustment of the inte...

May 23 , 2020

First Virtual Skills Lab Opens in Ethiopia

Microsoft 4Africa, in partnership with Gebeya Inc. and the Technology & Innovation Institute Ethiopia (TechIn), is set to launch its first virtual SkillsLab in Ethiopia. Microsoft's 4Africa Ski...

May 16 , 2020

Electric Utility Launches New Meter Reading Technology

Ethiopian Electric Utility (EEU) is set to implement a new technology as a solution to issues with meter reading. The Common Meter Reading Instrument (CMRI) technology, which cost the EEU 416,000 d...

May 16 , 2020

Dashen Aligns Lending Rate with Deposit Rate for Selected Sectors

Dashen Bank has joined the blitz and cut its lending interest rate to be equal to its seven percent deposit rate for businesses in the horticulture, hospitality and export sectors beginning in June....

May 16 , 2020

SAFE TRADING

Wondimagegnehu Negera (left), CEO of the Ethiopian Commodity Exchange (ECX), inaugurated a range of new measures to respond to challenges to trading by COVID-19 on May 12, 2020. It added a hall dedica...

May 16 , 2020

ROUNDABOUT COMMOTION

The roundabout in front of Yerer Hospital, in the area known as Goro, is undergoing construction. The soil has been upturned as excavators dig into it. The construction has added to the commotion in t...

May 16 , 2020

MAKESHIFT SHOE REPAIR SHOP

A street vendor approaches a makeshift shoe repair shop situated next to a construction site behind the National Theatre. The shop, which is dubbed a “modern-shoe repair” spot by its owner, is dec...


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