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Ermias Amelga breaks his silence with apology

Ermias Amelga breaks his silence with apology

After two years in exile and a month since his release on bail from custody, Ermias T.Amelga has broken his silence. He apologised to homebuyers, taking full responsibility for the mishaps at Access Real Estate (ARE).

“I may have…

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Ethio-Pay Celebrates Official Launch

 

The belated national e-payment switch, Ethio-Pay, serving the integration of Automated Teller Machines (ATMs) and Point of Sale (POS) machines, celebrated its official launch on May 12, 2016.

Delayed procurement and delivery of necessary hardware and banks’ lack of…

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Dashen Bank Launches American Express Cards

Dashen Bank Launches American Express Cards

Dashen Bank and American Express announced the launching of American Express Cards that are designed specifically for Ethiopian consumers. The cards, which are named Dashen Bank American Express Gold and Green Debit, offer an extensive range of benefits. Consumers have…

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Broadcasters Warned Over Beer Promotions

The Ethiopian Broadcasting Authority (EBA) sent a warning letter concerning brewery advertisements and sponsor credit to five broadcasting media outlets on 30th March, 2016. These included the giant state-owned Ethiopia Broadcasting Corporation (EBC), Fana Broadcsting, EBS, Sheger FM and Bisrat…

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Seifu Fantahun Granted Bail After Arrest

Seifu Fantahun Granted Bail After Arrest

The decision to grant Seifu Fantahu, a radio and TV talk shows host, bail right of 50,000 Br came on June 15, 2016, after the same Bench of the Menagesha First Instance Court passed a guilty verdict.The suspect, Seifu, had…

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Marathon Motor to inaugurate two facilities

Marathon Motor to inaugurate two facilities

Marathon Motor Engineering is set to inaugurate two facilities in Addis Ababa and Hawassa with an overall investment of over 117 million birr. The facility located in Addis Ababa is a six storey building that includes a mega show room,…

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Ecx Members Lambast New Directive

Ecx Members Lambast New Directive

Intermediary members at the Ethiopia Commodity Exchange (ECX) fear that a newly introduced directive by the Ministry of Trade could potentially harm their participations and possibly force them to leave the trading floor, it was learnt.

According to sources that…

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