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Dec 16 , 2023

Ministry Builds Up Irrigation Efforts

In a bid to revamp the summer wheat irrigation across the country, over half a billion Birr worth of pumps were procured under the Ministry of Agriculture. Minister Girma Amente (PhD), announced th...

Dec 16 , 2023

Lion Bank Doubles Profit Amidst Recovery

Lion International Bank roars out of the two-year conflict's lows, doubling its net profits from last year to 489.5 million Br. Shareholders gathered for its 19th general assembly at the Hilton Hotel...

Dec 16 , 2023

Fitch Downgrades Ethiopia's Ratings to Junk Territory

Fitch Ratings has further lowered Ethiopia's credit score into default territory of 'C' from 'CC' casting a deeper shadow on its fiscal stability and liquidity position. The score was revealed in t...

Dec 16 , 2023

World Bank Boosts Digital National ID Project

The digital national ID project that targets over 90 million people received a 350 million dollar World Bank boost last week. Around 50 million dollars is a grant through the International Development...

Dec 12 , 2023

HAULING HEAPS

A blue Lada Taxi, an endangered transport variety in the capital, hauls a stack of sponges for the production line around the Qera area. The Addis Abeba Transport Bureau had launched an ambitious camp...

Dec 12 , 2023

SLEEK STROLLS

A trio of street vendors are engaged in lively discourse as they stroll past the Science Museum. The proliferation of powerful handheld technological devices has led to engaging conversations being re...

Dec 12 , 2023

TEARY TRUFFLES

Vendors around a vegetable market in Shola sift through piles of onions, picking out fresh pieces. Onion prices have perhaps been hit the hardest by the inflationary beast galloping over the past few...

Dec 12 , 2023

City Stadium Revamp Leaves Businesses Stranded

Businesses nestled around the Addis Abeba Stadium are set for relocation, as the protracted renovation of the sports arena nears completion. Last week, law enforcement officers cleared the area where...

Insurtech Accelerator Spreads its Wings

Aspiring to improve Ethiopia's insurance penetration rate from less than one percent, an initiative for technical expertise and regulatory support was launched last week. Following a lengthy process,...

Dec 12 , 2023

ILO Calls for Minimum Wage Ratification

Ethiopia was requested to ratify minimum wage and violence harassment conventions put forth by the International Labour Organisation (ILO) for member countries. FanFan Rwanyindo Kayirangnea, assist...

Dec 12 , 2023

Wegagen Bank Boomerangs with Stellar Growth

Wegagen Bank has returned in full swing, registering 823.8 million Br net profit and historic revenues of seven billion Birr in the ended year. Board Chairman Abdishu Hussien addressed shareholders...

Dec 12 , 2023

Former Diplomat Returns to Aviation

Boeing has appointed Henok Teferra as its managing director for Boeing Africa, headquartered in Addis Abeba . With post graduate degree in international economic law from the University of Paris, H...

Dec 12 , 2023

Tigray Chamber Pleads for Loan Waivers

Representatives of the business community in the war-torn Tigray Regional State plead for a write-off to interest on loans amounting to 31 billion Br borrowed by several businesses. Members from th...

Dec 12 , 2023

Investment Holdings Charts Profitable Course

Ethiopian Investment Holdings (EIH), has garnered 250 billion Br in revenues, where three of its 26 companies contributed a third of the figure. National carrier Ethiopian Airlines, the Commercial...

Dec 2 , 2023

DREARY LANES

A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destr...

Dec 2 , 2023

PLUMPY HUMPS

A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and...


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