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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...

Feb 29 , 2020

Export Generates $1.6b

The export of commodities has generated 1.6 billion dollars in the first seven months of the current fiscal year. The revenue is 80pc of the target set by the Ministry of Trade & Industry. The...

Feb 29 , 2020

Ethio Lease to Mechanise Agricultural Sector

Ethio Lease, the first foreign-owned leasing company, will start leasing agricultural equipment to farmer mechanisation centres. The MoU was signed by Sani Redi, state minister for Agriculture, Chi...

Feb 22 , 2020

United States Joins Locust Outbreak Fight

The United States has pledged eight million dollars in funding to help control the outbreak of desert locusts in East Africa. Secretary of State Mike Pompeo, who was in Addis Abeba this week for a...

Feb 22 , 2020

Electric Power Welcomes New Boss

The board of directors of Ethiopia Electric Power (EEP) has selected Asheber Balcha to be the company's new CEO. He will be replacing Abraham Belay (PhD), who was recently appointed Minister of Innova...

Feb 22 , 2020

Tax Revenues Generate 20b Br

The Ministry of Revenues collected 19.96 billion Br in tax revenues in January, achieving 94.43pc of its goal. For the period, the Ministry aimed to collect 20.96 billion Br. Out of the collecte...

Feb 22 , 2020

Commission Lunches Corruption Survey

The Federal Ethics & Anti-Corruption Commission announced that it has started a national survey to look into the impact of corruption in Ethiopia over the past decade. The survey was launched l...

Feb 22 , 2020

Four Hotels Receive Start Ratings

The Ministry of Culture & Tourism awarded star ratings to four local hotels: Skylight, Denver, Belay and Bernot. Skylight has earned a five-star rating while Denver and Belay hotels earned two...

Feb 22 , 2020

Amhara State Launches Wash Program

The Amhara Regional State has launched a Clean Water & Health Care (COWASH) project, with close to 2.3 billion Br. The program, which was launched on February 19, 2020, is expected to benefit ...


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