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Dec 7 , 2019

City Disburses 1.7b Br Revolving Fund

Out of the two billion Br in revolving funds allocated to create jobs in the city, 1.7 billion Br has already been disbursed to more than 26,000 youths. In the first quarter of the current fiscal y...

Dec 7 , 2019

Multi-Donor Project Funds Displaced Kids

Education Cannot Wait (ECW), a global fund for education, announced a 27-million-dollar investment to support the delivery of education for more than 750,000 displaced people in Ethiopia. The fundi...

Dec 7 , 2019

City Adds Plot to Africa Hall Renovation

The government has allocated an additional plot of 3,100Sqm of land to be incorporated in the renovation of the Africa Hall together with the ongoing Beautifying Sheger Project. The agreement was s...

Dec 7 , 2019

Ministry Targets Exports to Generate $3.7b

Exports will generate 3.7 billion dollars this Ethiopian fiscal year, according to the Ministry of Trade & Industry. Exports of agricultural commodities are expected to generate 80pc of the rev...

Dec 7 , 2019

European Lab Sets Foot in Hawassa

SGS, a multinational company headquartered in Switzerland, has opened a fabric and garment testing laboratory in Hawassa Industrial Park. The laboratory provides tailor-made testing services to loc...

Dec 7 , 2019

Genale Dawa Dam Starts Pilot

Genale Dawa III hydropower project, which is located in southeast Ethiopia 630Km from the capital, began pilot generation with one of the three turbines it had last Wednesday. The turbine is expect...

Dec 7 , 2019

Berhan Bank Unveils New Logo

Berhan Bank announced the change of its logo as part of its rebranding endeavours at its ten-year celebration event. The Bank has allocated a budget of close to eight million Br, which was contract...

Nov 30 , 2019

Four Refugee Camps Get New Classrooms

Eighty-four classrooms built in four refugee camps in Gambella Regional State through UNICEF financing were inaugurated on November 29, 2019. The classrooms were built in Nguenyyiel, Terkidi, Kule...

Nov 30 , 2019

Coca-Cola Launches Sugarless Products

The Coca-Cola Company launched sugar-free products for its Sprite, Coca-Cola and Fanta brands. The products were launched with a ceremony that was held on November 28, 2019, at Skylight Hotel, in t...

Nov 30 , 2019

Ethiopia Joins World Heritage Protection Committee

Ethiopia joined a world heritage protection committee as a member for the next four years during a conference held on November 27, 2019. To join the committee under UNESCO, Ethiopia secured 125 vot...

Nov 30 , 2019

Commercial Bank Introduces Cash Deposit ATM

Commercial Bank of Ethiopia (CBE), the state-owned bank, introduced an automated teller machine (ATM) that allows customers to deposit money in their accounts. The Bank started piloting the service...

Nov 30 , 2019

Corporation Bags 38.4m Br in Revenue

The Ethiopian Trading Businesses Corporation obtained 38.4 million Br in revenue from the goods it distributed in the first quarter of this fiscal year. The performance exceeded the forecast of the...

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...


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