Rwandan Connection


Rwandan President Paul Kagame (right) arrived Thursday evening at the Bole International Airport in Addis Abeba for a three-day state visit. For Prime minister Abiy Ahmed (PhD), with Worqneh Gebeyehu (PhD), minister of F...


Reshuffle Continues at Palace, Police and Agency


The administration of Prime Minister Abiy Ahmed (PhD) keeps up the reshuffling of senior officials running federal agencies last week, including at the National Palace Administration, the Federal Police and Vital Events...


Auditor General Reprimands Oldest University for Audit Gap


Close to 911 million Br of an audit gap was reported at the oldest higher learning institution in Ethiopia, Addis Abeba University (AAU). The Office of the Federal Auditor reported the gap in the 2015/16 fiscal year.


Agency Concedes Tuition Fee Adjustment for Hundreds of Schools


More than two-thirds of private schools in Addis Abeba got an approval from the regulatory body to make a 10pc to 40pc tuition fee increases for the upcoming academic year. Addis Abeba’s Education Quality & Rele...


Tigray Region Gets Statistical Agency, Policy Research Institute


Tigray Regional State is soon to get its own statistical agency and an institute for policy research. The Council of the regional government has approved two proclamations which established the two bodies by mid of last...


Discrete Employers’ Federations Rival to be Confederation


Two of the largest employer federations are engaged in a cut-throat competition to upgrade themselves and create the Ethiopian Employers’ Confederation (EEC). The six and half-decade-old Ethiopian Employers’ Feder...


Hundreds of Prisoners Off Jail with Pardon, Charge Drop


The Office of the Attorney General has dropped charges and pardoned over 749 prisoners, who were charged and sentenced for allegedly involved in corruption, terrorism and other crimes. Attorney General Berhanu Tsegaye...


Promising Offers Lowest Price in Third Attempt to Stabilise Market


Promising International offered the least price of 1.39 billion Br to supply 200,000tn of wheat. This comes after two attempts by the Public Procurement & Property Disposal Services (PPPDS) to procure wheat for marke...


Mama Fresh Starts Afresh


Mama Fresh Plc, a company which bakes and exports Injera and had got into trouble after a dispute with the city administration, gets back on track after a two-month pause. The company was required to evacuate from its...


Enterprise Announces Construction of 8,428 Condo Houses


Addis Abeba is going to get additional 8,428 homes under the middle-income housing scheme. The last construction under this scheme was embarked four years ago. For this construction project, the Addis Abeba Savings &a...


Prime Minister Abiy Reshuffles MeTEC Board


Prime Minister Abiy Ahmed has reshuffled directors of the board of the state-owned Metals & Engineering Corporation (MeTEC), appointing Ambachew Mekonnen (PhD), minister of Industry, as its third chairman, sources di...


Investment for Berbera Port Expansion Dropped by 23pc


DP World and Somaliland Port Authority have reduced the investment for the expansion of Berbera Port by 23pc. The price adjustment came into the scene after the update of the feasibility study of the project, in which Et...


Sabir, Wilmar Wind-up Dispute Amicably


The nation’s largest civil suit claim between Sabir Argaw, the prominent local businessman, and his Singaporean partners involving 370 million Br finally ended with an amicable settlement. Sabir agreed to transfer his...


Authority Devices First Ever Binding Invoice Format


The Ethiopian Revenues & Customs Authority (ERCA) devised the first binding invoice format for the valuation of customs taxes in a bid to streamline the tax administration. The format will become effective as of J...


Labour Strike Rocks Bole Lemi Industrial Park


Labourers working inside the factories of the nation’s first industrial park, Bole Lemi, were on strike for five days starting on May 11, 2018. They are demanding higher pay and a favourable working environment. The...


Intra-City Bus Terminal Edges to Break Addis’s Ground


O Bon Voyage Architects & Engineers Consultant, a local consultancy firm, hands over the design of Megenagna Intra-City Public Transport Terminal, which was contracted for 3.38 million Br. To be situated in wereda...


Chinese Firm Builds-up Pharma with $85m


SanSheng Pharmaceutical, a wing of the publicly listed Chongqing Sansheng Industrial Company in China, begins the first phase of production this month amidst a shortage of medical drugs. The pharmaceutical manufacturing...


Traffic Accident Marred City to Distribute Breathalysers, Mouthpieces


Addis Abeba’s Road Traffic Management Agency has procured half a million mouthpieces and 5,000 blow-tuber breathalysers at a total cost of 3.3 million Br. Imported from overseas, they will be distributed in June and...


Addis Welcomes Sherar Hotel


Addis Abeba gets an additional local brand hotel, Sherar Addis, that was constructed for a total of 80 million Br. The hotel is located off Africa Avenue. Under construction for the past four years, the hotel was inau...


Edible Oil Producers Cook Up an Association


Edible oil manufacturers established an association that was officially unveiled on May 17, 2018, at Ras Amba Hotel on Queen Elisabeth II Street. Close to 66 manufacturers were present at the event, while nearly 100 comp...


Bunge SA Proffers Least Price to Supply Wheat for Humanitarian Relief


Bunge SA, an Amsterdam based grain trading company, made the least offer of close to 290 million Br to supply 35,000tn of wheat that will be distributed to beneficiaries under the fourth phase of Productive Safety Net Pr...


Forward Together


The Chairman of the Standing Committee of the National People’s Congress of China, Li Zhanshu (centre-left), met with President Mulatu Teshome (PhD) (centre) and Hirut Zemene, state minister for Foreign Affairs (centre...


Ethio Telecom Takes Baby Step to Liberalise Services


The government has moved one step forward in liberalising the service part of the telecom industry by outsourcing a local private company to sell fixed-line internet services. Awarding G2G Clarity IT Solutions S.C for...


Ministry Tosses Midroc’s License


The recent heated dispute and controversy over the extension of Midroc Gold’s concession period to extract gold in Lege Dembi, Guji Zone in the Oromia Regional State for an additional 10 years ended with the suspending...


Legal Wrangling over Ambo, Coca Merger Backtracks


  The legal battle the bottlers of Coca-Cola and Ambo Mineral Water are having with the prosecutors of the Trade Competition & Consumer Protection Authority set out for another trial as the appellate tribunal...


ERCA Compels Banks to Pay Taxes on Employees Fringe Benefit


The Ethiopian Revenues & Costumes Authority (ERCA) ordered all the private banks and the Commercial Bank of Ethiopia (CBE) to collect and pay taxes from the fringe benefits they have been providing their employees si...


Teshome Gebremariam’s Patrimony Epic Falters Once Again


The saga to finalise the inheritance of a prominent lawyer, the late Teshome Gebremariam, has lingered for an additional 20 days as the judge of the Federal First Instance Court, Lideta Division First Succession Bench ex...


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