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Dec 28 , 2019

Audit Reveals Inconsistencies at Haramaya University

The financial audit report conducted on Haramaya University revealed a nearly 25-million-Br audit gap due to uncollected income tax revenues and unsettled payments over ten years. The audit report...

Dec 28 , 2019

American Firm Invests in Local Food Maker

PepsiCo, an American multinational food, snack and beverage corporation, joined Senselet Food Processing Plc as a major shareholder. Veris Investment, a private equity firm, and PepsiCo will run th...

Dec 28 , 2019

Authority Revives Delayed Road Project

The Ethiopian Roads Authority (ERA) kicked off the construction of Worabe-Bojeber asphalt concrete road on December 26, 2019. The inauguration ceremony was attended by Minister of Peace Muferiat Ka...

Dec 28 , 2019

Ministry to Launch Virtual Map App

The Ministry of Transport is set to launch the first digital mapping technology that will show Ethiopia's road map as a virtual image. This technology will enable users to view the details of the m...

Dec 28 , 2019

IFC Loans 50m to Habesha Brewery

Habesha Brewery S.C. signed a 50-million-euro agreement with the International Finance Corporation (IFC) to ramp up barley sourcing from local smallholder farmers. The loan was co-funded by Dutch D...

Dec 28 , 2019

Abandoned

The City Administration came up with a hastily arranged plan to give temporary shelter to small entrepreneurs to display their products. That did not go well with local residents whose neighbourhoods...

Dec 28 , 2019

Digging Up Qera

Construction has started in earnest on one of the busiest roads in Addis Abeba, the 3.8Km-long road from Gotera to Pushkin Square. The city's most expensive road project, at 395 million Birr a kilomet...

Dec 28 , 2019

WAITING IN THE RAIN

Long, winding lines at taxi stands are a common experience for commuters in Addis Abeba. The unpredictable weather of brilliant sunshine interrupted with sudden light showers that the city experienced...

Dec 28 , 2019

Dashen Rolls Out Job Creation Plan

Dashen Bank announced a 100-million-Br job creation scheme dubbed the Ethiopian Talent Power Series programme. The initiative aims to create jobs by providing financial aid to talented individuals...

Dec 28 , 2019

Ex-Electric Power CEO Faces Corruption Charge

Federal prosecutors charged Azeb Asnake, the former CEO of Ethiopian Electric Power (EEP), with alleged corruption involving 5.2 billion Br. Azeb was charged with 49 individuals from the Metals &am...

Dec 21 , 2019

Coop Bank Opens Full-fledged IFB Branches

Cooperative Bank of Oromia inaugurated two full-fledged interest-free banking (IFB) branches in the capital at Ayer Tena and Bole Michael on December 18, 2019. The Bank, which has 389 branches, bec...

Dec 21 , 2019

Privatisation Bill Reaches Legislators

A new bill that will gear up the privatisation process of public enterprises has been tabled to parliament. If legislated, the proclamation will replace the existing two-decade-old law. The existin...

Dec 21 , 2019

GALLERY AT UNITY

Historical and artistic photographs taken by the late renowned photographer Johannes Haile (1927 - 2016) are being displayed at the Unity Park at the grand palace. Curated by Meskerem Assegued, guests...

Dec 21 , 2019

RECYCLING

Empty plastic water bottles are being weighed and sold at the collection area near Saint Joseph School in Addis Abeba. The bottles are then packed in huge bags ready for loading on trucks that will ta...

Dec 21 , 2019

10 YEARS

Premier Switch Solutions (PSS) celebrated its 10th anniversary in the presence of former and current presidents and board members at the Hilton Hotel on December 19, 2019. PSS is a consortium owned by...

Dec 21 , 2019

Inputs Enterprise Faces Critics over Supply Shortfall

The Ethiopia Industrial Inputs Development Enterprise (EIIDE) was put in the spotlight for its failure to deliver on its mandates to provide major industrial inputs to support local industries. Des...

Columns

Commentaries | Jul 04,2026

The New Gold Standard Comes with a Warning Label

In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-payments...

Editorial | Jul 4 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

A City Between the Market and the Rules

July has arrived with the heaviest rains of the winter, dark clouds and mist blanketing Ad...

Agenda | Jul 4 , 2026 . By NAHOM AYELE and FITSUM TADESSE

ADDIS ABEBA WAITS ON A RENT CEILING

Addis Abeba's renters and property owners are waiting on a city government decision that w...

Fortune News | Jul 4 , 2026