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Jul 20 , 2019

Addis-Adama Expressway Generates 275m Br

The Ethiopian Toll Road Enterprise earned 275.5 million Br in revenues during the just-ended fiscal year. Out of the total revenue, the Enterprise collected 11.2 million Br from renting spaces for...

Jul 20 , 2019

Amhara State Attracts 1,671 Investments

Amhara Regional State issued 1,671 investment licenses with a registered capital of 39 billion Br during the recently ended fiscal year. These investments could create jobs for 204,000 people, acco...

Jul 20 , 2019

City Launches Construction of Adwa Centre

Addis Ababa City Administration has commenced with the construction of Adwa Centre, which commemorates the victory at Adwa, on land repossessed from MIDROC Investment Group. The Centre, which is ex...

Jul 20 , 2019

Tiret Set to Privatise 10 Companies

Tiret Corporate, an endowment company of the Amhara Regional State, is preparing to privatise 10 corporate companies. A decision has been made to privatise the companies to increase their efficienc...

Jul 20 , 2019

China Equips Local Hospital with Medical Kits

The Chinese government has equipped the Tirunesh-Beijing Hospital with 2.5 million Br worth of medical equipment. The donation was made following an exchange letter signed between the Chinese gover...

Jul 20 , 2019

UAE Pledges $100m to Innovation, Technology

Ethiopia has recieved a 100-million-dollar grant and signed a Memorandum of Understanding (MoU) with the United Arab Emirates (UAE) to enhance the innovation and technology sectors in the country. ...

Jul 13 , 2019

LIVE AD

One local restaurant that mainly serves raw beef (one of the favourite traditional Ethiopian dishes) and Tibs (grilled meat) has a unique way of advertising. A live steer is tied at the gate, showing...

Jul 13 , 2019

CHAIR POOL

Chairs lay about in a pool behind the old National Theatre. There used to be a pool with a water fountain here, but at this time the restaurant in the compound is using it as a storage space...

Jul 13 , 2019

MORE HEALTH

Amir Aman (MD) (Center), minister of Health, and Mohamed Shekur (MD), owner and director of Amir General Hospital, tour the premises of the hospital's new seven-floor building that houses 80 rooms on...

Jul 13 , 2019

Hong Kong Company Leases Bahir Dar Industrial Park

Hop Lun Ltd, a Hong Kong company, has leased all the sheds at Bahir Dar Industrial Park. The handover ceremony was held in Bahir Dar on July 10, 2019, with the presence of Lelise Neme, CEO of the I...

Jul 13 , 2019

Ethiopia’s Poverty Index Shows Improvement

The 2019 global Multidimensional Poverty Index (MPI) shows that 83.8pc of the Ethiopian population live in multidimensional poverty. The MPI is a detailed poverty level indicator that considers how...

Jul 13 , 2019

EFFORT’s Companies Set to Sell Shares

Three companies under the Endowment Fund for the Rehabilitation of Tigray (EFFORT) are ready to offer shares for public subscription. Mesebo Cement Factory, SUR Construction and Trans Ethiopia are...

Jul 13 , 2019

Water Project Takes Root in Oromia

Amref Health Africa and West Arsi Zone Water, Mining & Energy Office and Siraro-Aje Water Supply Service signed a memorandum of understanding (MoU) for a new water project that will supply potable...

Jul 13 , 2019

Revenues Ministry Achieves 82pc of Target

The Ministry of Revenues has collected 198.1 billion Br in revenue from taxes during the just ended fiscal year, 2018/19. The revenue has shown a 22 billion Br, or 12pc, increase from the previous...

Jul 13 , 2019

ECX Monthly Transactions Hit 2.4b Br

The Ethiopian Commodity Exchange traded 2.4 billion Br worth of commodities in June 2019. Coffee took the lion's share of trading with 26,137tn exchanging hands, 58pc of overall volume, and its val...

Jul 13 , 2019

Commission Starts Customs Service at Hawassa

The Ethiopian Customs Commission announced it has started giving import-export customs service at its Hawassa branch on July 8, 2019. The new location will help decentralise the service, which so f...


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