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Nov 30 , 2019

Ministry Revokes 64 Business Licenses

The Ministry of Trade & Industry announced that it took administrative measures against 67 companies that allegedly violated the commercial law of the country. The measure was taken during the...

Nov 30 , 2019

Public Enterprises Underperform Debt Servicing

The Ministry of Finance reported that two public institutions failed to service loans in the first quarter of this fiscal year. In its report to parliament, the Ministry mentioned the Addis Abeba W...

Nov 30 , 2019

Fed, Regional Governments Reshuffle Officials

Prime Minister Abiy Ahmed (PhD) appointed Ahmed Tussa, former CEO of the Ethiopian Shipping & Logistics Services Enterprise, as director-general of Metals & Engineering Corporation (MetEC). ...

Nov 30 , 2019

10 YEARS

Abraham Alaro, president, Gumachew Kussie, board chairman and Daniel Kitaw (Prof) the first chairman of the board of directors of Birhan Bank leading the celebrations of the bank's ten year anniversar...

Nov 30 , 2019

PARKING OR NOT

This traffic sign in the Gofa area is so battered it is giving mixed signals. It is supposed to be a no parking sign. It is so hard to make that out with all the paint on the half falling sign, driver...

Nov 30 , 2019

MOVING SOON

With the new road that is under construction from Pushkin square to Gotera, a lot of changes are taking place and the landscape is changing. Now the old palm trees that have adorned the street for dec...

Nov 23 , 2019

BREAD QUEUE

At a bakery in the Olympia area on Africa avenue in Bole district, people line up patiently in the late afternoon to buy their fresh roll of bread...

Nov 23 , 2019

PILED UP

In a gas station at the centre of town in Dessie, Wello in the Amhara Regional State, oil barrels are piled up haphazardly. What a mess it would be if one started to roll away...

Nov 23 , 2019

SALVAGE OPERATION

The Ethiopian Shipping Lines building located at La Gare has been condemned to be knocked down in order to give way to the upcoming Eagle Hills development project. A strip operation is underway in th...

Nov 23 , 2019

Wegagen Bank Expands Data, Network System

Wegagen Bank expanded its data and system network at a cost of 150 million Br for its headquarters. The expansion included the installation of new network and security systems and the construction of...

Nov 23 , 2019

CBE Dedicates Branch in Jimma to Interest-Free Banking

The Commercial Bank of Ethiopia opened a branch in Jimma, Oromia Regional State, entirely dedicated to interest-free banking. The service generally targets individuals and institutions that do not wan...

Nov 23 , 2019

New Project to Support 130,000 Coffee Farmers Launched

Farm Africa has launched a new project to help more than 130,000 forest coffee producers in Ethiopia's Oromia Regional State to improve their livelihoods by increasing sustainable production of high-q...

Nov 23 , 2019

Jute Sack Plant Underway in Amhara, Oromia

Chemically-treated jute sack manufacturing plants will be constructed in the Amhara and Oromia regional states with a capital investment of 800 million Br. One plant will lie on a 1.5ha plot of lan...

Nov 23 , 2019

Export Development Forum Opens in Ethiopia

The World Export Development Forum opened in Addis Abeba today under the theme "Trade and Invest in One Africa." The International Trade Centre and the Ethiopian Ministry of Trade & Industry are j...

Nov 23 , 2019

Diaspora with 35b Br in Capital Receive Licenses in First Quarter

More than 1,032 diaspora investors with a registered cumulative capital investment of over 35 billion Br received investment licenses in the first quarter of the current fiscal year. "The participa...

Nov 23 , 2019

Coffee, Tea, Spice Exports Generate $288m

Ethiopia fetched 287.6 million dollars from the export of coffee, tea and spices in the first four months of the current fiscal year. The export performance was 82.3pc of the target the government set...


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