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Oct 19 , 2019

Oromia Allocates 3b Br for Job Creation

The Oromia Enterprise & Industry Development Bureau has allocated three billion Birr to create 1.1 million jobs in the regional state this year. The Bureau also began giving training to stakeho...

Oct 19 , 2019

Agency Finds 935 Unqualified Schools

Out of the inspected public and private schools in the capital, 935 schools were found failing to meet the required standard, according to the City Education Relevance & Quality Agency. Between...

Oct 19 , 2019

Eutelsat Penetrates Ethiopia's Market

Eutelsat, one of the longstanding market leaders in satellite television broadcasting, announced that Ethiopia will be able to receive high-quality broadband connection via its KONNECT satellite in 2...

Oct 19 , 2019

Finland Endows Ethiopia with 60m

The government of Finland has endowed Ethiopia with 60 million euros in financial support to promote the government's effort toward development projects. The financing was announced when President...

Oct 19 , 2019

Ministry Alleges 166 Companies Used Fake Receipts

The Ministry of Revenues announced allegations against 166 companies involved in tax evasion and using forged receipts. The investigation conducted by the National Intelligence & Security Servi...

Oct 19 , 2019

Open Society Invests $10m in Ethiopia

The Open Society Foundation is investing 10 million dollars to assist Cepheus, a private equity fund manager, in its effort to raise 100 million dollars for its Ethiopian investment fund. Soros, an...

Oct 12 , 2019

PILED UP

A big pile of trash is piled up on the side of a street around the goffa Mebrathaiel area in Addis Abeba. The garbage that is sorted and collected from the nearby condominiums is supposed to...

Oct 12 , 2019

LEBAWI

Noah Samara (left to right), chairman of the board of Lebawi International Academy, President Sahleworq Zewde and Bemnet Andualem, headmaster of the school, at the inauguration ceremony of a new high...

Oct 12 , 2019

LEFT UNFINISHED

New sheds at bus stops are being built around the city. A great idea, but most of the construction gets started and is left unfinished. This bus stop in Arat Kilo has been "under construction" for qui...

Oct 12 , 2019

Agency Partially Lifts Ban on Daytime Heavy Truck Mov't

Addis Abeba Traffic Management Agency partially lifted the ban it imposed on the daytime movement of heavy vehicles starting from October 7, 2019. Jiregna Hirpa, director of the Agency, who has adm...

Oct 12 , 2019

Zemzem Surpasses Minimum Paid-up Capital

Zemzem Bank, a pioneer in forming a full-fledged interest-free bank (IFB), has finished selling the minimum number of shares set by the National Bank of Ethiopia. As of October 11, 2019, over 1.2 b...

Oct 12 , 2019

Tulip Inn Hotel Opens Doors

The former Water Gate and Water Fall hotel has re-opened as Tulip Inn Hotel after 10 months of renovation and refurbishment. The renovations cost nearly half a billion Birr, of which 85 million Br...

Oct 12 , 2019

Gelan Gets Food Processing Plant

A flour factory built at a cost of over 42 million Br by Oromia Agricultural Cooperative Federation was inaugurated on October 10, 2019. The Plant has a production capacity of 1,200ql of maize flou...

Oct 12 , 2019

Authority Kicks off Warder Qebrihadar Road Project

The Ethiopian Roads Authority kicked off the construction of the 1.8-billion-Br Warder Qebrihadar road project yesterday, October 12, 2019. The project kick-off ceremony was attended by Mustafa Ome...

Oct 12 , 2019

Head of Djibouti Port Laid to Rest

Djibouti President Ismail Omar Guelleh's brother and Head of Port of Djibouti Sa'ad Omar Guelleh passed away on October 7, 2019, at the age of 78. Sa'ad passed away while he was under medical treat...

Oct 12 , 2019

ECX Transacts 2.1b Br Worth of Commodities

The Ethiopian Commodity Exchange (ECX) transacted agricultural commodities worth 2.1 billion Br in September. The ECX traded 21,525tn of coffee, 7,111tn of soya beans, 5,083tn of green mung beans,...


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