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[Nov 2017] Zaid Woldegebriel Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Court freezes assets of major construction companies in a continued corruption case

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 corruption charges.

The court has issued an asset freeze order on Gemeshu Beyene Construction Plc and Ellily Hotel, both owned by a notable businessman- Gemeshu Beyene.

Construction companies including, ASER Construction Plc.,

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Araya Girmay Becomes the New Directory of Ethiopian Roads Authority

The Office of the Prime Minister has appointed Araya Girmay, former head of construction department at Sur Construction, to head the Ethiopian Roads Authority (ERA).

In a letter dated June 8, 2015, and signed by Prime Minister Hailemariam Desalegn, Araya has been appointed to be the new director general of ERA.

Commenting on his appointment to The Reporter, Araya said that he will work to realize the goals set by the government with regards to the development of road construction.

Araya graduated from Addis Ababa

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