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Simachew Kebede Finally Gets out of Prison

Simachew Kebede, the major shareholder of DH Simex Plc that owns Intercontinental Addis Hotel, finally gets out of prison after settling the case with the Federal Prison Administration, which resisted his release mentioning the pending appeal against him. He was released on July 13, 2017, with prohi...

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Justices Overrule Lower Court ruling on Heineken Breweries vs Kangaroo Plast

Justices at the Supreme Court ruled two weeks ago denying Kangaroo Plast Plc its long fought claim to hold onto the trademark rights on the brand Ibex. The Supreme Court’s judgment was given based on an appeal lodged by Mahlet Habtewold and the Ethiopian Intellectual Property Office (EIPO) af...

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Tiens Ethiopia Hopes to Regain License

The Federal Supreme Court Cassation Bench on July 27, 2017, lifted the trade license revocation of Tiens Ethiopia Plc, a supplier of various items, mainly medical supplements, ordering the Ministry of Trade (MoT) to review the case again and pass an appropriate verdict. The ruling comes eight month...

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Magnolia Hotel & Conference Center opens it's doors

Magnolia Hotel & Conference Center becomes the latest entrant to the hospitality industry with an estimated cost of half a billion Birr, situated on Cape Verde Avenue, opposite the premises of the European Union Delegation to Ethiopia, in Bole District. The construction of the seven-storey Hote...

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Court freezes assets of major construction companies in a continued corruption c…

Corruption crackdown continues as the number of suspects who are placed under custody reaches 55 as of yesterday. Moreover, an asset freeze order was issued against 210 individuals and 15 companies who are suspected of having dealings with the officials, individuals and brokers who are arrested for ...

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Diaper Manufacturing Plant Breaks New Ground in Hawassa

Ontex Hygienic Disposables Plc, a manufacturer of Canbebe brand diapers, in partnership with Tracon Trading Plc, inaugurated the first diaper manufacturing plant in Hawassa Industrial Park (HIP) on Tuesday, July 11, 2017, with a quarter of a billion Br investment. The new plant rests under an 11,00...

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Arrests in corruption charges of major government officials and business people

In what could be considered to be a major crackdown on corruption in the past few years, the Federal and Addis Ababa Police have apprehend some 39 government officials, brokers and businesspersons in the middle of the week and charged them with corruption, which involves more than 1.15 billion birr...

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40/60 condominium revised prices, eligibility criteria and other details for Jun…

UPDATE [July 09, 2017] - 40/60 Condominium Winners List of Names in Addis Ababa Ethiopia  972 condominium houses are ready for the lottery to be held on July 08, 2017. 374 houses each are available on the lottery for two bedroom, three bedroom and four bedroom houses. The four bedroom 4...

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Prev Next

Simachew Kebede Finally Gets out of Prison

Simachew Kebede, the major shareholder of DH Simex Plc that owns Intercontinental Addis Hotel, finally gets out of prison after settling the case with the Federal Prison Administration, which resisted his release mentioning the pending appeal against him. He was released on July 13, 2017, with prohi...

Read more

Justices Overrule Lower Court ruling on Heineken Breweries v…

Justices at the Supreme Court ruled two weeks ago denying Kangaroo Plast Plc its long fought claim to hold onto the trademark rights on the brand Ibex. The Supreme Court’s judgment was given based on an appeal lodged by Mahlet Habtewold and the Ethiopian Intellectual Property Office (EIPO) af...

Read more

Tiens Ethiopia Hopes to Regain License

The Federal Supreme Court Cassation Bench on July 27, 2017, lifted the trade license revocation of Tiens Ethiopia Plc, a supplier of various items, mainly medical supplements, ordering the Ministry of Trade (MoT) to review the case again and pass an appropriate verdict. The ruling comes eight month...

Read more

Magnolia Hotel & Conference Center opens it's doors

Magnolia Hotel & Conference Center becomes the latest entrant to the hospitality industry with an estimated cost of half a billion Birr, situated on Cape Verde Avenue, opposite the premises of the European Union Delegation to Ethiopia, in Bole District. The construction of the seven-storey Hote...

Read more

Court freezes assets of major construction companies in a co…

Corruption crackdown continues as the number of suspects who are placed under custody reaches 55 as of yesterday. Moreover, an asset freeze order was issued against 210 individuals and 15 companies who are suspected of having dealings with the officials, individuals and brokers who are arrested for ...

Read more

Diaper Manufacturing Plant Breaks New Ground in Hawassa

Ontex Hygienic Disposables Plc, a manufacturer of Canbebe brand diapers, in partnership with Tracon Trading Plc, inaugurated the first diaper manufacturing plant in Hawassa Industrial Park (HIP) on Tuesday, July 11, 2017, with a quarter of a billion Br investment. The new plant rests under an 11,00...

Read more

Arrests in corruption charges of major government officials …

In what could be considered to be a major crackdown on corruption in the past few years, the Federal and Addis Ababa Police have apprehend some 39 government officials, brokers and businesspersons in the middle of the week and charged them with corruption, which involves more than 1.15 billion birr...

Read more

40/60 condominium revised prices, eligibility criteria and o…

UPDATE [July 09, 2017] - 40/60 Condominium Winners List of Names in Addis Ababa Ethiopia  972 condominium houses are ready for the lottery to be held on July 08, 2017. 374 houses each are available on the lottery for two bedroom, three bedroom and four bedroom houses. The four bedroom 4...

Read more

40/60 Condominium lottery to be held for 876 houses on July …

UPDATE [July 09, 2017] -  40/60 Condominium Winners List of Names PDF - Addis Ababa Ethiopia  The Commercial Bank of Ethiopia (CBE) will hold a lottery draw for 876 middle-class public houses on July 8, 2017. New prices, selection criteria and other details can be found on the ...

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Third Expressway to be constructed in Ethiopia

The Ethiopian Roads Authority (ERA) is considering only Chinese companies for the construction of the nation’s third expressway, which will extend the Addis-Adama Expressway, with an estimated cost of 12 billion Br it secured from the EX-IM Bank of China. For the project, the Authority re-ann...

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