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Feb 9 , 2019

Ethiopia Services 9.6b Br in Debt

In the first half of the current fiscal year, Ethiopia has serviced 9.6 billion Br from its external debt, according to the Ministry of Finance. The country's total debt currently sands at 26.791 b...

Feb 9 , 2019

Ethiopia Outlaws Alcohol Broadcast Adverts

Parliament has legislated a law banning tobacco smoking in public places and advertisement of alcoholic drinks in broadcast media outlets. The new law also prohibited selling alcoholic drinks to pe...

Feb 9 , 2019

Enterprise Falls Short in Debt Collection

The Ethiopian Industrial Inputs Development Enterprise, which was established four years ago to supply material for industries, failed to collect 80pc of its outstanding revenues from its customers. ...

Feb 9 , 2019

Ministry Seizes Foreign Currencies

The Ministry of Revenues has disclosed that it has seized various foreign currencies and gold in an attempted smuggling operation. The forex, which was seized at Togo Chale, was in dollars, euros,...

Feb 9 , 2019

Council Approves Telecom Agency Formation

The Council of Ministers has approved a proclamation drafted for the establishment of a telecom regulatory agency. The bill was approved by the Council of Ministers and passed the parliament last M...

Feb 9 , 2019

Four Ago-Processing Parks to Go Operational

Four integrated agro-processing industrial parks will be completed and inaugurated before the end of this fiscal year. The industrial parks are under construction at a cost of 10 million dollars. ...

Feb 2 , 2019

BOOK LAUNCH

Amanuel Abraha (left), former deputy government whip, was at the launching and discussion forum between members of the media on his new book, “Free Information in Ethiopia” at the premises of the...

Feb 2 , 2019

TEA ART

Winta Assefa, an artist, is making imagery of the Aksum obelisks in sand art, this time using tea powder. She performed the live art show in front of a crowd at the opening of Pizza Hut's third branch...

Feb 2 , 2019

NO WASTE

A public tap water on the outskirts of Modjo, Oromia Regional State, gives residents clean water, which they fetch using plastic containers. But some amount of water is usually wasted, for which a mec...

Feb 2 , 2019

Former Shipping Executive Walks Free

Judges at the Federal High Court acquitted Alemu Ambaye, deputy chief executive officer of the Ethiopian Shipping & Logistics Enterprise, who was charged with corruption. Alemu was arrested in...

Feb 2 , 2019

Auditor Gives Deadline to Peace Ministry to Clear Audit

The Auditor General gave a two and a half month deadline to the Ministry of Peace to clear a 19.3 million Br audit irregularity. The Auditor General pointed out that the gaps were caused by payment...

Feb 2 , 2019

Council Of Ministers Approves FTA Membership

The Council of Ministers today approved Ethiopia's membership to the African Continental Free Trade Agreement (ACFTA), which aims to create a free, single continental market for goods and services. ...

Feb 2 , 2019

Ministry Adjusts Fuel Prices

The Ministry of Trade & Industry has adjusted the price of fuel for the second time in three months. The last price revision was made in November, and the Ministry announced that the November a...

Feb 2 , 2019

Addis to Digitse Certificates

Addis Abeba City Administration has reached an agreement with Troy Security Solutions Group, an American company, to digitise certificates. Education documents, especially grade eight examination r...

Feb 2 , 2019

Tax Revenues Show 8.6pc Increase

Revenue collected from tax in the first half of the current fiscal year has shown an 8.6pc increase compared to the same period from last year, Prime Minister Abiy Ahmed (PhD) disclosed during his lat...

Feb 2 , 2019

Pizza Hut Triples Branches

Pizza Hut Ethiopia has launched its third outlet in Addis Abeba, this one entirely run by women. The joint venture franchise agreement between YUM! Restaurants International and Belayab Foods Produ...


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