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Meter Taxis to Start Operation in Addis

Addis Abeba welcomed 836 meter taxis today at an inauguration ceremony held at Mesqel Square. 26 share companies, organized from taxi owners associations, had the permit to import 1,163 cars duty free and will start the service next week with the 836 cabs. The taxis are equipped with a cab meter, ...

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EUROSTAR Dish Battles to Keep Its Trade Mark

Addis Abeba City Police has confiscated close to 8,690 pirated satellite dish. Police suspects the items to be imported to confuse customers with the original brand of EUROSTAR. In this process two warehouses in Merkato were raided by members of Addis Ketema district police department. The raid has...

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Ethiopian Shipping Lines Enterprise involved in Fraud Case

The Ethiopian Shipping Lines & Logistics Service Enterprise (ESLSE) is said to have lost millions through a premeditated and crafted act of forgery. The Federal Anti-Corruption Commission, now under the Attorney General, brought cases against eleven individuals it holds accountable and said to ...

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Zemen Bank Laying Foundations for 1.23 Billion Br headquarters

Zemen Bank have inked a deal with a foreign construction company to erect its headquarters at the heart of Ethiopia’s financial district, along Ras Abebe Aregay Street, at a cost of 1.23 billion Br. The signing was held at the Radisson Blu Hotel on August 19, 2016, by Tsegaye Tetmke, presiden...

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Commercial Bank of Ethiopia Boasts Positive 2015 / 2016 Fiscal Performance

The Commercial Bank of Ethiopia (CBE) has boasted a generally positive assessment of its banking operations in the recently concluded 2015/16 fiscal year. The bank’s report comes a few months after it merged with the Construction and Business Bank of Ethiopia. The merger gave the state-owned ...

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Addis Abeba Bottle & Glass Company Completes Phase One Expansion

The 40-year-old Addis Abeba Bottle & Glass Company has completed an expansion project worth half a billion birr. With this, it has increased its capacity to 81 million bottles a year. As it stands, it has a capacity of producing less than quarter this amount – 20 million bottles. “...

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NBE Bans Two Zemen Bank Vice Presidents

Zemen Bank has lost two of its top-executive mangers, Helaway Tadesse and Sebhat Belayneh, senior vice president and vice-president for international banking  respectively, based on the allegation that they have involved in loan approval process, in which they are believed to have a close relat...

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Some charges dropped for the businessmen and government officials Corruption Cas…

The high profile corruption case brought against high ranking government officials and prominent businessmen back in October 2013 by the Federal Ethics & Anti-Corruption Commission, last week saw the High Court dropping some charges and upholding others. Despite having some charges dropped, all...

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Prev Next

Meter Taxis to Start Operation in Addis

Addis Abeba welcomed 836 meter taxis today at an inauguration ceremony held at Mesqel Square. 26 share companies, organized from taxi owners associations, had the permit to import 1,163 cars duty free and will start the service next week with the 836 cabs. The taxis are equipped with a cab meter, ...

Read more

EUROSTAR Dish Battles to Keep Its Trade Mark

Addis Abeba City Police has confiscated close to 8,690 pirated satellite dish. Police suspects the items to be imported to confuse customers with the original brand of EUROSTAR. In this process two warehouses in Merkato were raided by members of Addis Ketema district police department. The raid has...

Read more

Ethiopian Shipping Lines Enterprise involved in Fraud Case

The Ethiopian Shipping Lines & Logistics Service Enterprise (ESLSE) is said to have lost millions through a premeditated and crafted act of forgery. The Federal Anti-Corruption Commission, now under the Attorney General, brought cases against eleven individuals it holds accountable and said to ...

Read more

Zemen Bank Laying Foundations for 1.23 Billion Br headquarte…

Zemen Bank have inked a deal with a foreign construction company to erect its headquarters at the heart of Ethiopia’s financial district, along Ras Abebe Aregay Street, at a cost of 1.23 billion Br. The signing was held at the Radisson Blu Hotel on August 19, 2016, by Tsegaye Tetmke, presiden...

Read more

Commercial Bank of Ethiopia Boasts Positive 2015 / 2016 Fisc…

The Commercial Bank of Ethiopia (CBE) has boasted a generally positive assessment of its banking operations in the recently concluded 2015/16 fiscal year. The bank’s report comes a few months after it merged with the Construction and Business Bank of Ethiopia. The merger gave the state-owned ...

Read more

Addis Abeba Bottle & Glass Company Completes Phase One E…

The 40-year-old Addis Abeba Bottle & Glass Company has completed an expansion project worth half a billion birr. With this, it has increased its capacity to 81 million bottles a year. As it stands, it has a capacity of producing less than quarter this amount – 20 million bottles. “...

Read more

NBE Bans Two Zemen Bank Vice Presidents

Zemen Bank has lost two of its top-executive mangers, Helaway Tadesse and Sebhat Belayneh, senior vice president and vice-president for international banking  respectively, based on the allegation that they have involved in loan approval process, in which they are believed to have a close relat...

Read more

Some charges dropped for the businessmen and government offi…

The high profile corruption case brought against high ranking government officials and prominent businessmen back in October 2013 by the Federal Ethics & Anti-Corruption Commission, last week saw the High Court dropping some charges and upholding others. Despite having some charges dropped, all...

Read more

Japan Tobacco Seals $510m dear to buy 40pc share of shares o…

Japan Tobacco International (JTI) has finally sealed a deal, following its record high offer in Ethiopia’s privatisation history – half a billion dollars for the acquisition of 40pc of the National Tobacco Enterprise. The deal between the Ministry of Public Enterprises and Japan Interna...

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Taxi Associations Secure Supply of New Vehicles

After a bumpy road to become established, 26 taxi associations have succeeded in striking up a deal with four automotive companies. A little over 1,000 seven-seater vehicles are expected to swarm the streets of Addis Abeba from the beginning of October 2016. Close to 150,000 dollars in capital has ...

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