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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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TAF Makes Near 25m Br Deal to Acquire ERP Solution

Teklebrehan Ambaye & Family (TAF), a private conglomerate gaining momentum as a dominant local company, has signed a contract with a local IT firm, Fairfax Technologies Plc, to acquire a Systems, Applications & Products (SAP)-powered enterprise resource planning (ERP) solution.…

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EFFORT SEALS DEAL FOR FIRST PVC RESIN PLANT

EFFORT SEALS DEAL FOR FIRST PVC RESIN PLANT

The Endowment Fund for Rehabilitation of Tigray (EFFORT) has contracted a Chinese engineering company— ECE Engineering Corporation—for the construction of the first ever PVC resin (Polyvinyl Chloride) manufacturing plant at cost of five billion birr (USD 250 million at current…

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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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Film Maker Tewodros Wins Case, Appeal Pending

Tewodros Teshome, a renowned film director and writer is off the hook from a court litigation where he was sued for breaching copyright of author, Atenkut Mulugeta, who claimed 10 million Birr compensation, on March 31, 2016.

“Fiker Sibeqele“, is…

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Jail time extended for Ermias T. Amelga

Jail time extended for Ermias T. Amelga

High Court overrules First Instance Court’s decision to release Ermias on bail
Ermias T Amelga, founder, first CEO and former board chairman of Access Real Estate’s (ARE) will remain under custody, after the High Court overruled the First Instance Court’s decision…

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