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Investors Ink Acquires Artistic Printing Press

A joint venture of two local companies has finally inked a deal with the Ministry of Public Enterprise (MoPE) for the total acquisition of the Artistic Printing Enterprise at a total cost of 329 million Br. The share company of Feleke…

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EUROSTAR Dish Battles to Keep Its Trade Mark

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…

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Various businesses attacked by protesters in Oromia

Various businesses attacked by protesters in Oromia

Simbo Beach Resort Langano, formerly Bekele Molla Langano, is the latest property to face the wrath of angry protesters, mainly composed of youth, who wreaked havoc in Oromia Regional State last week, attacking, looting and setting fire to public and…

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Meter Taxis to Start Operation in Addis

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…

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Ethiopian Shipping Lines Enterprise involved in Fraud Case

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…

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NBE Bans Two Zemen Bank Vice Presidents

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…

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