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Aug 24 , 2019

National Aviation Hires 16 Kenyans

National Aviation College, a sister company of National Airways, hired 16 professors from Kenya who will be teaching international trade and economics, strategic management, risk and insurance, bankin...

Aug 24 , 2019

Water, Electric Utilities Generate 7.9b Br

Addis Abeba Water & Sewerage Authority and Ethiopian Electric Utility have collected more than 7.9 billion Br from operations in the last fiscal year. AAWSA has collected 862 million Br from a...

Aug 24 , 2019

MetEC Incurs 1.7b Br Loss

Metals & Engineering Corporation (MetEC) lost nearly 1.7 billion Br through outdated pre-paid orders. The Corporation planned to supply nine billion Birr worth of raw materials, aiming to get a...

Aug 24 , 2019

UK Endows Ethiopia with £120m

The government of the United Kingdom has pledged 120 million pounds worth of grants to Ethiopia. The agreements were signed at the Ministry of Finance between Admasu Nebebe, state minister for Fina...

Aug 17 , 2019

BUSING STONES

Anbessa City Bus Service Enterprise and its employees are volunteering to help build houses for weak and older adults in the Saris area of the capital. They are using this battered old bus that is no...

Aug 17 , 2019

DRUMMING UP SALES

Street vendors in Addis Abeba tend to carry the same kind of products for a few weeks at a time. The product of the week seems to be traditional drums that sell for 100 to 150 birr each. The two boys...

Aug 17 , 2019

A SECOND LOOK

The National Educational Assessment and Examinations Agency, the government agency responsible for conducting the Ethiopian national exam for grade 10 known as the General School Leaving Certificate E...

Aug 17 , 2019

Commercial Bank Bags 17.9b Br Profit

Commercial Bank of Ethiopia (CBE) earned 17.9 billion Br gross profit during the recently ended fiscal year. In the reported period, the Bank opened 157 branches, pushing the total number of branch...

Aug 17 , 2019

Lilac Eyes Partnership to Curb Forex Crunch

Lilac Sanitary Napkins & Baby Diapers Manufacturing Enterprise finally became fully operational after five years on Tuesday, August 14, 2019.  The company invested 100 million Br in 2014 to expan...

Aug 17 , 2019

Corporation Introduces Flat Rate Train Tariff

Ethiopian Railway Corporation revised the train tariff for the Addis Abeba Light Rail Service to a flat rate of four Birr for all trips. Becoming effective on August 18, 2019, the new tariff amendm...

Aug 17 , 2019

Foundation Pledges to Build Water Wells

SMEC Foundation and the McKendrick Family donated 1.1 million Br to develop four wells in the Gobe District of Ethiopia. The projects will be built in four villages near schools and can provide pot...

Aug 17 , 2019

Japan Extends $3m to Upcoming Election

The government of Japan has signed an agreement with the United Nations Development Programme (UNDP) to provide three million dollars for the upcoming election. The grant, which will be implemented...

Aug 17 , 2019

Swedish Group Invests in Retail Shops

Swedish International Development Cooperation (SIDA) has partnered with East African Holdings Group and Wise, a nongovernmental organisation, for the construction of 200 shops at a cost of 20 million...

Aug 17 , 2019

Benshangul Kicks off Water Project for 85m Br

Benishangul Gumuz Regional State kicked off a potable water project that will benefit 30,000 people with a 85 million Br investment. The Benshangul Gumuz Water & Sewerage Authority laid the fou...

Aug 17 , 2019

Amhara Bank Offers Shares for Subscription

The currently under-formation Amhara Bank started selling shares on August 17, 2019, with an official launching ceremony that was held at Sheraton Addis Hotel. Chaired by Melaku Fenta, former direc...

Aug 10 , 2019

LEASE ETHIOPIA

Girma Wake, board chairman of Ethio Lease, Yinager Dessie, National Bank Governer, and Abebe Abebayehu, Commissioner of the Ethiopian Investment Commission, arrive at the launching of Ethio Lease at S...


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