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Feb 11 , 2023

HIGH POWER

Electric technicians fix street lamps around the Sheraton area using a crane loaded on the back of a truck. Ethiopian Electric Power recently revealed that it had gained up to 40 million dollars expor...

Feb 11 , 2023

Ethiotel Embarks on Financing Start-ups

Start-up businesses are set to receive financial and technical support from Ethiotelecom. The CEO Frehiwot Tamiru mentioned that Ethiopia's procrastination in start-up funding inspired the company...

Feb 11 , 2023

Agency Crosses E-Procurement Training

More than 200 professionals have trained to implement electronic procurement procedures. The Public Procurement Property & Administration Agency organised training at Harmony Hotel partnering with...

Feb 11 , 2023

Italy Unveils €182m Loan, Grant

Access to basic services such as health and education is met with a loan and grant agreement from the government of Italy worth close to 182 million euros. Last week, Prime Minister Abiy Ahmed and...

Feb 11 , 2023

Firm Plunges Executive Training Leering at 30m Birr Investment

A private company based in Addis Abeba in partnership with a Kenyan firm eyes investing up to 30 million Br to launch executive courses. The proposed curriculum and venue of the training centre are un...

Feb 11 , 2023

ICT Park Marks Sectional Data Center Completion

The first ICT village Ethio ICT Park marks the halfway completion of its data III tier centre. Raxio Data Centre Plc, a subsidiary of Raxio Group, is constructing the first private tier III colocation...

Feb 11 , 2023

Ministry Calls for Partial Privatization of Ethiotelecom

The partial privatization of Ethiotelecom is reinstated as the Ministry of Finance announced for Request for Proposal (RFP) last week. The Ministry announced a 45pc stake in the public enterprise woul...

Feb 11 , 2023

Despite Limitations Ethiopia Ramps Up Efforts to Join World Trade Organization

Having remained on the periphery of the World Trade Organization (WTO) for many years, Ethiopia is scaling up efforts for accession. Although ratifying the agreement to establish the African Continent...

Feb 4 , 2023

Abyssinia Bank Taps to Digital Loan Solution

The Bank of Abyssinia (BoA) is moving forward to provide banking solutions facilitating microloans. The Bank has hired an Indian-based tech vendor Newgen Software Company, that bagged the internationa...

Feb 4 , 2023

ROLLING CREDIT

Bank of Abyssinia rolls out banking services on a truck around Meskel square in the capital. With less than half of Ethiopian adults having access to bank accounts, financial inclusion is a major issu...

Feb 4 , 2023

SPREADING HORIZONS

Left) Elias Woldu and Mesnbet Shinkute sign a Memorandum of Understanding on behalf of the Ethio-American and Addis Abeba Chamber of Commerce & Sectoral Association, respectively. Some estimates...

Feb 4 , 2023

AERIAL CLOSET

Labourers building the zero-kilometre museum around the Piassa area hang their clothes on wires outside the construction site. The museum is being built as a memorial for Adwa, a battle in which Ethio...

Feb 4 , 2023

Capital Gears Up for AU Summit

African Union Summit will unfold in the capital from February 15-19, 2023. Three sessions of the AU Assembly and Executive Council are scheduled to endorse policies through a round of discussion for f...

Feb 4 , 2023

CBE Looms a Trillion Birr Threshold

The state-owned Commercial Bank of Ethiopia (CBE) reaches 978.8 billion Br in its aggregate deposit, announcing it is about to break a record of surpassing a trillion Birr threshold last week. The Ban...

Feb 4 , 2023

COOP Eyes the Djibouti Finance Fields

The Cooperative Bank of Oromia (COOP) is prepared to enter Djibouti's financial sector. According to executives, COOP aims to build a more substantial presence in Djibouti by offering high-quality...

Feb 4 , 2023

Report on $1.75b from Foreign Trade

Agricultural exports accounted for 77.23pc of total exports while shipped manufacturing commodities brought in 176.7 million dollars, making revenues from foreign trade attain 1.75 billion dollars in...


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