Ethiopian army company pleas for $2 billion debt cancellation
The highly indebted and implicated in grand corruption and embezzlement military owned company (Metal Engineering Corporation (METEC), made…
Over 500 people arrested in South Ethiopia
Over 500 people arrested in relation to the recent violence in Southern Ethiopia, which led to the death…
Are we hypocritical, self-hating and tribalistic pseudo-patriots?
By Tesfu Telahoun Abebe – First time visitors to Addis Abeba often remark on the abundance of coffee…
Inflation remains double digit in Ethiopia
For over one year both food and non-food inflation in Ethiopia continue to register double digit with 12.6…
Ethiopia secures $56 million from contraband trade
The Customs Commission of Ethiopia has confiscated worth 1.6 billion-birr ($56.3 million) items from contraband traders during the…
Ethiopia, Djibouti secure finance for joint road project
The government of Ethiopia and the African Development Bank Group on Monday have ink a $98 million grant…
Al Hilal begins assembling gold detector devices in Ethiopia
A company named, Al Hilal Gold Mining, is set to inaugurate Ethiopia’s first modern gold detector device assembly…
Ethiopia imports 135, 457 vehicles in a year
The total number of vehicles Ethiopia has imported and registered last year (the fiscal year ended July 7,…
Ethiopia opens banking business for foreigners with Ethiopian descent
The House of Peoples’ Representatives (Ethiopian Parliament), in its second urgent session today, has approved draft proclamations of…
Ethiopian Parliament postpones election
The House of Peoples’ Representatives (Ethiopian Parliament) unanimously approved the proposal to postpone general elections in the capital,…
Ethiopian Airlines set to fly to Bengaluru, India
Ethiopian Airlines announces its plan to start passenger flights to Bengaluru, India as of 27th October 2019.
Ethiopia and the Arab overture
By Tesfu Telahoun Abebe – Relations between Ethiopia and the Arabian Peninsula have blossomed ever since the political…
Ethiopia plants over 353 million trees in one day
ANDUALEM SISAY GESSESSE – With the aim of combating deforestation and boosting forest coverage, today Ethiopians and the…
Commercial Bank of Ethiopia becomes top tax payer
The Commercial Bank of Ethiopia (CBE), the state financial institution, has become the top tax payer in Ethiopia…
Offshore Haven Becoming Thorn In Africa’s Path..?
By Tesfu Telahoun Abebe – Greetings to all! Can you guess the name of the following African country?…
Ethiopia takes tight measures to prevent Ebola virus
Ethiopia, whose national airlines has daily flight to the Democratic Republic of Congo (DRC) where Ebola outbreak has…
Ethio Telcom makes $830 million profit
The only telecommunications service provider in Ethiopia, Ethio Telecom says it has made a total profit of over…
Amhara region of Ethiopia appoints new president
The Amhara region of Ethiopia, which has recently lost its president and other senior officials in relation to…
Over 300,000 people in Ethiopia at risk of displacement
Heavy rainfalls in Ethiopia are likely to cause flash and/or river floods in low laying areas, leading to…
EU to help Ethiopia create 400,000 new jobs
The European Union (EU) is set to provide 1.5 billion birr (45 million euros) finance to Ethiopia assisting…
French finance minister to visit Ethiopia
The Finance Minister of France, Bruno Le Maire, is set to visit Ethiopia next week and discuss economic…
Addis Ababa launches construction of Adwa center
The Addis Ababa city Administration has launched the construction of six projects in the capital worth 10.7 billion…
Ethiopia’s airport sees record number of passengers
Addis Ababa Bole International Airport of Ethiopia has seen a record number of passengers in one day. This…
Ethiopia’s foreign currency reserve increases to $3.2 billion
The foreign reserve of Ethiopia which has been depleting for many years, has now improved and reached 3.2…
Ethiopia Prime Minister arrives Asmara
Prime Minister of Ethiopia, Abiy Ahmed, has arrived Asmara, Eritrea, today for two days official visit, Eritrean Information…
Ethiopia’s Sidama set to conduct referendum in five months
The National Electoral Board of Ethiopia (NEBE) said it is set to manage referendum in Sidama zone in…
Which hotel brand to join if you have $200 thousand?
How to get investment yields promptly without hotel business experience?– In popular travel cities, the influx of holiday…
Khalifa Fund of UAE provides $100 million to Ethiopia
The Khalifa Fund for Enterprise Development of the United Arab Emirates (UAE) today agreed to provide $100 million…
Ethiopia police captures 15 Kalashnikov guns
Ethiopian police say it has captured 15 Kalashnikov guns and 7,800 bullets last week in the eastern part…
Electric transformer theft in Ethiopia increases
Electric transformer theft by organized criminals is increasing in Addis Ababa, Ethiopia, says the state power agency.