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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...

Feb 2 , 2019

Regional State Arrests More Suspects Under Tiret Case

The Amhara Anti-Corruption Commission has brought five more suspects before the court, accusing them of involvement in corruption at Tiret Corporate. Three founders of Alpalma S.C, Eyerusalem Birha...

Jan 26 , 2019

TRAFFIC HICCUP

A truck carrying a container trailed off the road into the divider along the highway from Addis Abeba to Adama, on Thursday, January 25, 2019. It was lifted out in the afternoon after a crane was used...

Jan 26 , 2019

ON TAX, INVESTMENT

Fisseha-Tsion Menghistu (Prof.) (first from the right), a tax and investment expert with half a century of experience, led a conference on the challenges and means of addressing tax collection for pro...

Jan 26 , 2019

PREPARATION FOR FESTIVITY

Women, both carrying children on their backs, are preparing a traditional stew, known as wet, in a pot in Bahir Dar, capital of the Amhara Regional State. The occasion is a religious festivity that co...

Jan 26 , 2019

CBE Scores 9.4b Br Profit in Half Year

Commercial Bank of Ethiopia (CBE) earned a profit of 9.4 billion Br in the first half of this fiscal year. The state commercial bank mobilised 29.8 billion Br in deposits, meeting 92pc of its plan...

Jan 26 , 2019

EU Pledges €130m for Job Creation, Manufacturing

Ethiopia signed a financing agreement for 130 million euros with the European Union Commission for investments in job creation, energy and manufacturing. The agreement was signed between Neven Mimi...

Jan 26 , 2019

 Italy Grants €1m to Eritrean Refugees

Italy granted one million euros to the United Nations High Commissioner for Refugees (UNHCR) for the assistance of Eritrean refugees in Ethiopia. The funds were made available through the Italian A...

Jan 26 , 2019

Technology College Sets Foot in Addis

A new 12-million-Br post-graduate college, established in collaboration with the US-based Maharishi University of Management, was inaugurated on January 24, 2019. The American College of Technology...

Jan 26 , 2019

Japan, Italy in Support of Entrepreneurs

The governments of Japan and Italy are financing a women's entrepreneurship project for 65 million dollars. The Women Entrepreneurship Development Project, which has been underway for the past year...


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