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Mar 14 , 2020

ECX Transacts 26.6b Br in Eight Months

The Ethiopian Commodity Exchange (ECX) has transacted 26.6 billion Br worth of agricultural commodities during the eight months of the current fiscal year. It traded 528,899tn of coffee, sesame, gr...

Mar 14 , 2020

MetEC Receives New Boss

Prime Minister Abiy Ahmed (PhD) appointed Hiwot Mosisa, state minister for Transport, to head the state-owned Metals & Engineering Corporation (MetEC). Hiwot replaces Ahmed Hamza (Brig. Gen.),...

Mar 7 , 2020

NILE CROSSING

A trip of goats and a goatherder cross to the other side of the Blue Nile river in an area commonly known as Blue Nile Falls, aka Tis Abay. The goats crossed the River in a single file by using rocks...

Mar 7 , 2020

US Pledges $10m for Locust Outbreak Fight

The United States, through its aid department USAID, has pledged 10 million dollars to support operations to control the swarms of locusts in Ethiopia, Kenya and Somalia. The donation comes three w...

Mar 7 , 2020

54 Capital Invests 300m Br in Soap Plant

Capital, an investment firm based in London and Dubai, invested 300 million Br to set up Aura Beauty Soap, a new soap factory. ZAK Ethiopia Plc, a  subsidiary of the investment firm, will produ...

Mar 7 , 2020

ATA Sub-grants Mechanisation Centres

Eight cooperative unions and two entrepreneurs secured 91 million Br worth of sub-grants from the Ethiopian Agricultural Transformation Agency (ATA) for the construction of ten standardised Mechanizat...

Mar 7 , 2020

Planning Commission Welcomes New Deputy Head

Endalkachew Sime, the former secretary-general of the national chamber, has been appointed deputy commissioner of the National Planning & Development Commission. Endalkachew was appointed to th...

Mar 7 , 2020

Ethiopia Launches National Business Portal

The Ministry of Innovation & Technology (MINT) has launched a national business portal service, a one-stop portal for e-government services, with the main aim of facilitating business activity. ...

Mar 7 , 2020

Italy Blesses Ethiopia with 28.7m

The government of Ethiopia has secured a loan and grant agreement from the government of Italy worth close to 28.7 million euros. Out of the total funding, 12.7 million euros is a grant, while the...

Feb 29 , 2020

RESTING PLACE

On a street in Piassa, a peculiar looking contraption has been situated on the sidewalk. It is property of the Addis Abeba Police Commission and reads in bold letters, “Let us fight corruption toget...

Feb 29 , 2020

MOVABLE SHOP

A city bus that used to belong to Anbessa City Bus Service Enterprise has been converted into a movable bakery shop. Dubbed Sheger Bakery & Dough Distributor & Seller, it is parked near Megena...

Feb 29 , 2020

Berhan, Guzo Team Up for Airline Ticketing

Berhan Bank and Guzo Go, an application for an online ticketing service, partnered to provide airline ticketing services for carriers that have destinations to Ethiopia. The agreement demonstrates...

Feb 29 , 2020

US Pledges $30m for Upcoming Election

The United States has promised to provide 30.4 million dollars to support the upcoming national election, which is expected to take place on August 29, 2020. A memorandum of understanding of the fu...

Feb 29 , 2020

Road Fund Collects 1.4b Br

The Ethiopian Road Fund Office has collected 1.4 billion Br in revenues, 88pc of its budget, in the first half of this fiscal year. The Office planned to pay 1.3 billion Br to government road autho...

Feb 29 , 2020

Eco Lodge Up for Sale

Owners of Eco Lodge put the property, which is located 35Km west of Addis Abeba in the town of Menagesha Kolobo, up for sale. Resting on 6,000Sqm of land, the property is up for sale with an initia...

Feb 29 , 2020

Policy Bank Bags 950m Br Gross Profit

The Development Bank of Ethiopia (DBE), the state policy bank, reported 950 million Br in profit before tax in the past six months. The Bank, which has started a five-year strategic reform plan, ap...


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