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May 14 , 2022

Artisinal Miners in Gambella Extract Gold Worth $59m

Artisanal miners from the Gambella Regional State have sold over a tonne of gold to the central bank over the first 10 months of the financial year. Regulators estimate the gold can generate 59.4 mill...

May 14 , 2022

DBE Moves on Latest Round of Lease Financing

The Development Bank of Ethiopia (DBE) has approved 14 billion Br in lease-financing for 1,200 small and medium enterprises. The state-owned Bank conducted a large-scale training programme on agric...

May 14 , 2022

Coffee Exports Hit Record $1b Mark

Coffee export revenues have topped one billion dollars for the first time. Over 300,000tn of the cash crop has been shipped abroad over the first 10 months of the financial year. Officials say Chin...

May 14 , 2022

Beverage, Food Exports Generate $83m

The export of food and beverage items brought in 83 million dollars over the first three quarters of the financial year, according to the Ministry of Industry. The figure is four million dollars lo...

May 14 , 2022

Dashen Brewery Inaugurates 1.7b Br Expansion Projects

Dashen Brewery S.C. has inaugurated a 1.7 billion Br project to expand its plants in Gonder and Debre Birhan in the Amhara Regional State. The brewer began operations at its plant in Gonder, 750Km...

May 14 , 2022

Abyssinia Bank Awards 60-Storey Construction Project to Chinese Firm

The Bank of Abyssinia has awarded the contract for the construction of a 60-storey building in Addis Abeba's financial district to China State Construction Engineering Corporation Ltd. The Bank's exec...

May 7 , 2022

Eka General Hospital Sees Off Sole COVID-19 Patient

For the first time since the early days of the pandemic in 2020, the wards of Eka Kotebe General Hospital have no patients admitted for COVID-19 treatment. The final patient left the Hospital on Ma...

May 7 , 2022

Dashen Bank Becomes Latest to Join National ID Programme Registration

The executives of Dashen Bank signed an agreement with representatives of the National ID Office last week, availing the Bank's branch network for registration efforts. It is the latest in the industr...

May 7 , 2022

FIFA TROPHY

Essayas Jira (right), head of the Ethiopian Football Federation, and Daryl Wilson, managing director of Coca Cola Beverages Africa, shake hands at an event at Sheraton Addis on May 3, 2022, partnering...

May 7 , 2022

SQUEEZE PAST

Around Mexico Square, near a taxi stop, a traffic light is holding up a line of vehicles. To the right are parked cars, some of them double parked. Since construction of a nearby building has taken up...

May 7 , 2022

SPLASH STREET

Whenever there is rain or a small drizzle, the roads on Sierra Leone Street form puddles as a result of clogged drainage. The street fills up with contaminated water, especially from plastics...

May 7 , 2022

Amhara Bank Opens Maiden Branch, Awaits Operational License

Amhara Bank has opened its first branch in the Arat Kilo area of Addis Abeba while its promoters await an operational license from regulators at the central bank. The Bank is looking to join the in...

May 7 , 2022

Retail Prices at Pumping Stations Surge

Prices for benzene and diesel will go up beginning May 8, 2022. Officials at the Ministry of Trade & Regional Integration have set the price for a litre of benzene at 36.87 Br, a 16pc jump. It...

May 7 , 2022

State Telco Ready to Launch 5G

The state-owned Ethio telecom is to launch a 5G network on May 9, 2022. Executives says they have completed all necessary preparations for the launch, which has been in the making for over a year i...

May 7 , 2022

Fed Eyes 7.2m Housing Units Erected in Decade

Federal officials say they want to see up to 7.2 million housing units erected over the coming decade. Officials at the Ministry of Urban Development & Infrastructure have announced plans to ha...

May 7 , 2022

T-bill Auction Sees 15.7b Br Bids

The central bank's latest auction of treasury bills (T-bills) saw a total of 15.7 billion Br worth of bids. The government-guaranteed bonds are auctioned off bi-monthly to financial institutions, pens...

Columns

Commentaries | Jun 27,2026

The Rent Law Protects No One Well. Time to Rewrite It.

The federal legislative house rushed through one of the country's most contentious housing...

Editorial | Jun 27 , 2026

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

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

Soaring Fares Strand Families on Highways

At the sprawling Lamberet Long-Distance Bus Station near Asmara Road, the usual din of eng...

Agenda | Jun 27 , 2026 . By MASTEWAL ZEMENE

Electric Cars Boom Tests Insurers' Petrol-Era Rulebook

A year after federal transport authorities restricted fossil-fuelled vehicles to clear the...

Fortune News | Jun 27 , 2026 . By BEZAWIT HULUAGER

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