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Sep 10 , 2022

PAINTING UP

Holiday season or not, work continues uninterrupted for the painter. He is using an electric-powered painter to decorate a fence in the area leading to Sheraton Addis, with the under-construction Scie...

Sep 10 , 2022

Dashen Bank Grants Funding to Development Projects in Southwest

Dashen Bank has granted five million Birr in funding towards development works in the country's youngest regional state. Over one million people in six zones of the Southern Regional State voted in...

Sep 10 , 2022

Authentication Agency Latest to Strike Telebirr Deal

The Document Authentication & Registration Agency (DARA) is the latest government institution to ink sign up for an electronic payment system under Ethio telecom's Telebirr mobile money platform....

Sep 10 , 2022

World Bank Arm to Acquire $160m Stake in Safaricom Ethiopia

The International Finance Corporation (IFC), an arm of the World Bank Group, has announced plans to acquire shares valued at 160 million dollars in Safaricom Telecommunications Ethiopia Plc. The ac...

Sep 10 , 2022

E-gov Service Payments Go Digital

The Ministry of Innovation & Technology, the Ministry of Foreign Affairs, the Accounting & Auditing Board of Ethiopia have inked deals with the state-owned Ethio telecom to enable digital paym...

Sep 10 , 2022

City Transport Bureau Completes $16.5m Bus Procurement

The Addis Abeba Transport Bureau has deployed 110 new buses acquired at a cost of over 16.5 million dollars for public transit as the capital continues to struggle with public transportation challenge...

Sep 10 , 2022

Safaricom Ethiopia Expands Network Pilot to Haromaya

Safaricom Ethiopia Plc has expanded its large-scale pilot launch of its network to the Oromia Regional State, beginning with Haromaya town. The operator has availed subscriber identity module (SIM...

Sep 10 , 2022

Central Bank Tunes Forex, Cash Rules

Regulators at the central bank have introduced new rules on foreign exchange transactions as forex reserves dwindle and the federal government struggles with a widening budget deficit and falling exte...

Sep 5 , 2022

Fed Green Lights Foreign Bank Entry

Following years of speculation, the federal government has decided to allow foreign investors into the financial sector. Last week, the Council of Ministers approved a policy to allow foreign banks to...

Sep 4 , 2022

Ministry Inaugurates Airport Duty Free Shop

The Ministry of Industry (Mo) officially inaugurated a duty-free store that displays leather products inside Bole International Airport terminal. In the past two months, the store sold leather product...

Sep 3 , 2022

VENDOR CROWDED

The Megenagna taxi terminal is notorious for the amount of foot traffic. Added to these are street vendors, mainly selling clothes. They have clogged the streets to the point that it becomes impossibl...

Sep 3 , 2022

SOLAR ALLIANCE

Sultan Wali (Phd) (centre), state minister of Water & Energy, gave a press briefing during the opening of the regional committee meeting for the International Solar Alliance at Skylight Hotel on A...

Sep 3 , 2022

FORTY FOR ANY

Near the Addis Abeba Stadium, there is a holiday bazaar where several tents are put up by vendors selling different merchandise. One of them is a book vendor, selling second-hand paperbacks of novels...

Sep 3 , 2022

Safaricom Ethiopia Expands Its Network Rollout to Harari

Safaricom Ethiopia Plc has expanded its large-scale customer pilot project to Harari Regional State two days after the operator announced the roll-out of its first service in Dire Dawa City. The st...

Sep 3 , 2022

Industrial Parks Generates $196m

Industrial parks operating in the country generated 196 million dollars from exports in the just-ended fiscal year, showing a 38pc increase from the preceding year. However, the figure fell short of t...

Sep 3 , 2022

Ethiopian Airlines Sees Notable Profit Surge

While most African airlines are experiencing a slowdown, Ethiopian Airlines earned 937 million dollars profit last year. One of its competitors, Kenya Airways incurred 82.4 million dollars in the firs...


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