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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...

Jan 26 , 2019

Cement Plant Puts Down Roots in Amhara

A new cement factory is being built in Dejen in Amhara Regional State by Abay Industrial Development Share Company at a cost of 8.8 billion Br. Abay has signed agreements with the Chinese Hengyuan...

Jan 26 , 2019

District Gives Title Deeds for 28,000 Municipal Houses

The Addis Ketema District Office gave title deeds to 28,000 residents of municipal homes. The title deeds were transferred to the residents by Ephrem Admasu, Addis Ketema District head, last Friday...

Jan 26 , 2019

Companies Ally to Assemble Medical Equipment

Local and international companies, which engage in the manufacturing, import and maintenance of biomedical equipment, have allied to establish a medical equipment assembly plant for 10 million dollars...

Jan 19 , 2019

Ketera

Women are playing the traditional musical instrument, Masinqo, and singing in Amist Kilo on Ketera, the day before the Ethiopian celebration of epiphany, Timqet. On the day, a tabot, a religious repre...

Jan 19 , 2019

UNLOADING

A truck carrying grain was stopped after youth in Bahir Dar, capital of the Amhara Regional State, blocked it last week. The youth began unloading the grain the truck was carrying until police dispers...

Jan 19 , 2019

Amateur Road Paint

A young man is amateurishly painting part of the street in Qera, which he hopes will help commuters queue in an orderly manner while waiting for public transport. It is also defacement of public prope...

Jan 19 , 2019

Ethiopia Avails Solar Projects for PPP

The Ministry of Finance is set to float a tender for the construction of six mega-solar projects in three regions with an estimated cost of 795 million dollars. The project to be implemented by Pub...

Jan 19 , 2019

Innovation Ministry Set to form ‘Government Network’

The Ministry of Innovation & Technology is set to formulate a Government Network composed of the leader of the federal and regional governments. The network intends to build a strong and unwave...

Jan 19 , 2019

Enterprise Bags 131m Br in Half Year

The Ethiopian Toll Road Enterprise earned 131 million Br in revenue during the first half of the current fiscal year. The Enterprise earned the income from the four-year-old Addis Abeba-Adama Expre...

Jan 19 , 2019

Coffee, Tea Exports Plummet

Ethiopia has earned 334 million dollars from the export of 103,108tn coffee in the first half of the current fiscal year. The revenue is 29pc short of the government's plan for the fiscal year, acc...

Jan 19 , 2019

Utility Collects Outstanding Electric Bills

Ethiopian Electric Utility collected half of the 700 million Br still outstanding in electric bills from its customers in the first half of the current fiscal year. “The Utility has started takin...


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