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[Jan 2018] Melaku Fenta Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Simachew Kebede Finally Gets out of Prison

Simachew Kebede, the major shareholder of DH Simex Plc that owns Intercontinental Addis Hotel, finally gets out of prison after settling the case with the Federal Prison Administration, which resisted his release mentioning the pending appeal against him. He was released on July 13, 2017, with prohibition after serving four years of a six-year sentence for tax evasion crimes for which he was convicted.

The Federal High Court found him guilty and sentenced him during the court session held on June 14, 2017. But lawyers started

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Supreme Court Exonerates Fikru Maru

Justices of the Supreme Court have ruled acquitting Fikru Maru (MD), a cardiovascular specialist and hospital owner, overruling an earlier conviction of corruption given by a lower court which sentenced him to four years and eight months.

An appeal lodged by Fikru pleading reversal of the ruling rendered by judges at the Federal High Court has culminated in exonerated him from charges after he has served four years of his jail term. On May 3, 2017, the Justices ruled the defendant was free from charges brought against him by

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Beker Shale, Former Directory of ERCA becomes Head of OPDO

Beker Shale Former ERCA Head Now OPDO PresidentBeker Shale, former Director of the Ethiopian Revenues & Customs Authority (ERCA), is now Office Head of the Oromia People’s Democratic Organization (OPDO). He received notice of his appointment at the Authority’s headquarters last week, and was informed that he was expected to assume office on March 1,

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More prominent businessmen arrested on corruption charges

ketema kebede simachew netsa trading melaku fentaGebreselassie Hailemariam, a.k.a Aleqa Gebreselassie – owner of the COMET Building in the Hayahulet Mazoria area in Bole District, and father of Yemane Gebreselassie, who owns the new Capital Hotel & Spa on Haile Gebreselassie Avenue- was arrested three weeks ago, in connection with the current high profile

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Major Ethiopian Businessmen arrested on corruption charges

ketema kebede simachew netsa trading melaku fenta[2013 Archive News] - The Administration of Prime Minister Hailemariam Desalegn made the full might of its power known last Friday, after ordering the arrest of 10 high and medium ranking officials of the Ethiopian Revenues & Customs Authority (ERCA), along with six businessmen, some of whom are

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