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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...

Nov 23 , 2019

City Creates Over 34,000 Jobs in Three Months

Over 34,000 job opportunities in Addis Abeba were created in the first quarter of the fiscal year. The city's Job Creation Enterprise Development Bureau plans to create over a quarter of a million job...

Nov 16 , 2019

HAMMER TEST

A vendor is demonstrating the strength of his newly installed phone cover by hitting it with a hammer in front of his impressed customers at an exhibition centre in Addis Abeba. They offer the phone c...

Nov 16 , 2019

Abyssinia Bank Ventures into Airline Ticketing

Abyssinia Bank teamed up with Guzo Go to develop an application that provides airline ticketing services for carriers that have destinations to Ethiopia. The agreement brings new service to the ban...

Nov 16 , 2019

Council of Ministers to Revise Urban Land Leases

The Ministry of Urban Development & Construction has drafted a bill to revise the floor price of urban land lease. The bill has already been sent to the Council of Ministers for deliberation. T...

Nov 16 , 2019

Ministry Launches new Strategic Plan on Utilisation of Digital Information

A five-year strategic plan has been launched by the government to improve the use of digital information solutions in the country's health service. The strategic plan was launched by USAID and the...

Nov 16 , 2019

Police Arrest Non-nationals for Counterfeiting Money

The National Intelligence & Security Service and the Addis Abeba Police Commission arrested non-nationals who had allegedly been involved in printing forged currency using different devices. Ei...

Nov 16 , 2019

Local Professionals to Take Over Management of Railway

The Ethiopia-Djibouti Standard Gauge Railway (EDR) will start transferring captaincy to locals from the Chinese by the end of next year. Sixty-five young train drivers from Ethiopia and Djibouti will...

Nov 16 , 2019

USAID Launches Land Governance Project

USAID and the Ministry of Urban Development & Construction launched a land governance project to be implemented over the next five years. The project will cost 11 million dollars. The new proje...


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