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State of Emergency Declared in Ethiopia on Feb 16, 2018

A State of Emergency in Ethiopia has been declared on Feb 16 2018 following the resignation of PM Hailemariam Dessalegn. The details of the State of Emergency will be released tomorrow, Feb 17 although it is expected that it will be similar to the previous state of emergency which ended a few month...

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Col. Demeke Zewdu and Nigist Yirga to be Released

According to reports Colonel Demeke Zewdu and Nigist Yirga will be released along with other prisoners that are currently residing in Gonder and Chilga prisons. Other prisoners include Teshager WoldeMichael, Atalay Zerfu, Getachew Ademe. The released prisoners were believed to be members of Ginbot ...

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PRIME MINISTER HaileMariam Dessalegn Tenders his Resignation

In an unprecedented turn of events, the Prime Minister of the Federal Democratic Republic of Ethiopia Hailemariam Dessalegn has tendered his resignation from his post and the chairmanship of EPRDF. His resignation, the first in the nation’s history, has been accepted by the executive committe...

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Prominent Political Prisoners Released

A jubilant crowd of thousands celebrated as Kaliti prison released some of its noted prisoners earlier today. Even an anti-riot police couldn’t curb the enthusiasm as many stood for hours, including diplomats from the Norwegian embassy to welcome the release of one of its citizen Okello Akway ...

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Zone 9 bloggers’ charges dropped

The charges on the remaining members of the Zone 9 bloggers group have been dropped by the Federal Attorney General  today. The bloggers whose charges have been dropped are Natnael Feleke, Befekadu Hailu and Atnaf Berhane who were charged by the infamous anti-terrorism proclamation. Upon arri...

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Dr Merera Gudina Released from Prison

None but one phrase best describes the commotion around the gates of Kilinto prison and in the vicinities of Merera Gudina’s (PhD) home to congratulate the famous opposition leader for his release from prison after a year and a month – a hero’s welcome. Thousands of young and old ...

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Abyssinia Bank earns 534.7ml Br net profit for 2017 / 2016 fiscal yeaer

Bank of Abyssinia (BoA) posted the fastest profit growth in seven years owing to the huge improvement in revenues from financial intermediation, making it the third most profitable private bank in the country. It is an achievement for the Bank considering its profit growth had been slowing down unt...

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Addis Abeba-Djibouti Railway Service Starts Operation

The newly Chinese-built electric rail line between Addis Abeba and Djibouti City is to start operations on Wednesday, January 3, 2018, carrying both commuters and cargo, the Ethiopia Railway Corporation (ERC) announced today. The service, long-awaited after the rail construction was inaugurated mor...

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Prev Next

State of Emergency Declared in Ethiopia on Feb 16, 2018

A State of Emergency in Ethiopia has been declared on Feb 16 2018 following the resignation of PM Hailemariam Dessalegn. The details of the State of Emergency will be released tomorrow, Feb 17 although it is expected that it will be similar to the previous state of emergency which ended a few month...

Read more

Col. Demeke Zewdu and Nigist Yirga to be Released

According to reports Colonel Demeke Zewdu and Nigist Yirga will be released along with other prisoners that are currently residing in Gonder and Chilga prisons. Other prisoners include Teshager WoldeMichael, Atalay Zerfu, Getachew Ademe. The released prisoners were believed to be members of Ginbot ...

Read more

PRIME MINISTER HaileMariam Dessalegn Tenders his Resignation

In an unprecedented turn of events, the Prime Minister of the Federal Democratic Republic of Ethiopia Hailemariam Dessalegn has tendered his resignation from his post and the chairmanship of EPRDF. His resignation, the first in the nation’s history, has been accepted by the executive committe...

Read more

Prominent Political Prisoners Released

A jubilant crowd of thousands celebrated as Kaliti prison released some of its noted prisoners earlier today. Even an anti-riot police couldn’t curb the enthusiasm as many stood for hours, including diplomats from the Norwegian embassy to welcome the release of one of its citizen Okello Akway ...

Read more

Zone 9 bloggers’ charges dropped

The charges on the remaining members of the Zone 9 bloggers group have been dropped by the Federal Attorney General  today. The bloggers whose charges have been dropped are Natnael Feleke, Befekadu Hailu and Atnaf Berhane who were charged by the infamous anti-terrorism proclamation. Upon arri...

Read more

Dr Merera Gudina Released from Prison

None but one phrase best describes the commotion around the gates of Kilinto prison and in the vicinities of Merera Gudina’s (PhD) home to congratulate the famous opposition leader for his release from prison after a year and a month – a hero’s welcome. Thousands of young and old ...

Read more

Abyssinia Bank earns 534.7ml Br net profit for 2017 / 2016 f…

Bank of Abyssinia (BoA) posted the fastest profit growth in seven years owing to the huge improvement in revenues from financial intermediation, making it the third most profitable private bank in the country. It is an achievement for the Bank considering its profit growth had been slowing down unt...

Read more

Addis Abeba-Djibouti Railway Service Starts Operation

The newly Chinese-built electric rail line between Addis Abeba and Djibouti City is to start operations on Wednesday, January 3, 2018, carrying both commuters and cargo, the Ethiopia Railway Corporation (ERC) announced today. The service, long-awaited after the rail construction was inaugurated mor...

Read more

Wegagen Bank Earns 532m Br net Profit for 2017 / 2016 fiscal…

Wegagen Bank recorded an increase in net profit earnings by 42pc to over half a billion Birr, primarily owing to a surge in gains from foreign exchange. Its latest performance marked a trend reversal of declining profits over the past four years; although profit had been growing slowly, it was lower...

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Addis International Bank Earns 92.2m Br net Profit for 2017 …

Addis International Bank (AdIB) registered a modest performance in the past fiscal year declaring an eight percent growth in net profits to 92.2 million Br. The latest performance is a major set back for the six-year-old Bank, whose profit was increasing by 100pc annually for five years since 2011...

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