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Dec 16 , 2023

SPREADING SPEED

Frehiwot Tamiru, CEO of Ethio telecom, introduced new services at the Haile Grand near the Lamberet area last week. The telco has launched four services including multi-media messages that enable user...

Dec 16 , 2023

PEEVISH PRESCIENCE

A striking void harrows in the streets of the Piazza area mirroring the empty former grounds of the Arada building. The area has a host of new projects, including the flagship Adwa Zero Km museum, whi...

Dec 16 , 2023

Oromia Bank Marks Lucrative Financial Year

Oromia Bank exceeds its revenue target by four percent to 8.3 billion Br while registering two billion Birr gross profits. To the delight of shareholders gathered at Millenium Hall last week, the 63pc...

Dec 16 , 2023

Bunna Bank Brews Aromatic Profits

Bunna Bank registered a healthy growth in profits of 6.2pc to 949.2 million Br revealed to shareholders gathered at the Millenium Hall last week. As the 14-year-old financial institution raised its...

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...


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When Parliament takes up the appropriation bill, federal legislators will receive a docume...

Editorial |

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

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