November 29

• Ethiopia: Aacra Targets 662km Road Construction

  Addis Abeba City Roads Authority (AACRA) announced that it will undertake 190 road projects in the 2012/2013 budget year with the capital budget of 1.5 billionBr.The construction... Read more »

November 28

• Ethiopia: ERCA to Pick Single Window Technology Provider This Week

  The winner of four international IT companies that have offered up to 14 million dollars to install the Ethiopian Electronic Customs Single Window System for the Ethiopian Revenues... Read more »

• Ethiopia: Zemen Reports a Marginal Two Percent Growth in Profit After Tax

  Zemen Bank reports only a two per cent increase in profits after tax for the year 2011/12, a year when most other banks have reported significantly higher performance over the... Read more »

• Ethiopia: AIB Rewards Shareholders Less in Bid to Consolidate Market Position

  A board of directors at Awash International Bank (AIB) has decided to pay lower Earnings per Share (EpS) to shareholders from a profit that has seen marginal growth in the bank's... Read more »

• Ethiopia: Tax Payers Briefed on Revenue Authority's Activities

  The authority have first presented the solutions for complaints made by the tax payers in the different meetings held last fiscal year and proceeded to issues that have not yet... Read more »

• Ethiopia: Roads Authority Floats Int'l Tender for U.S.$50 Million Road Project

  The Ethiopian Roads Authority (ERA) floated a tender for the design of a road to be constructed with 90pc loan whose approval is still not final at the House of Peoples... Read more »

November 27

• Ethiopia: Holland Car files for Bankruptcy

  Pre-empting Banks and other financiers from foreclosing on its properties, Holland Car filed for bankruptcy proceedings at court last week. Read more »

• Ethiopia: The Business of Movie Scripts

  Following the booming of the cinema industry in the city, many amateurs are benefiting from writing movie scripts. Most collects up to 15,000 Br for one script. Read more »

• Ethiopia: We Don't Want to Live Cursing the [electoral] Board.

  Mushe Semu, chairman of the Ethiopian Democratic Party (EDP), said this in explaining about the importance of open discussion over the procedures of the upcoming election for local... Read more »

• Ethiopia: Addis Birthday

  Finalizing Year Long Celebration: The Addis Ababa's 125th anniversary was celebrated for the past 10 months in varies activities. Read more »

• Ethiopia: Techy Excitement

  A loud, terrified scream was heard in the middle of Lost World, the 7-Dimensional (7D) movie show a tEdna Mall, on Tuesday November 6, 2012, around 6:00pm. The make-believe show,... Read more »

• Ethiopia: Metec Rolls Plan to Train 80,000 Street People

  The Metal & Engineering Corporation (MetEC) has designed a four-year project to train around 80,000 people taken from streets in various fields, in phases that might cost the... Read more »

• Ethiopia: Living the Past

  The Addis Abeba City Administration is celebrating the 125th anniversary of the establishment of the Capital City, the hub of the major economic and political activities of the... Read more »

• Ethiopia: More to Sheraton's Exhibition Than Frame Varieties, Artists Numbers

  Employees of Addis Abeba's Sheraton Hotel were busy last week decorating their illustrious premises with red ribbons in time for their Thanksgiving Day celebrations. Not only was... Read more »

• Ethiopia: Proclamation Which Avoids Double Taxation Presented to the Parliament

  The House of Peoples Representatives discussed on the draft proclamation intended to eliminate double taxation for businesses operating in Ethiopian and United Kingdom(UK) on... Read more »

• Ethiopia: Unsettled and Unsheltered

  A regalvanized campaign by the Addis Abeba City Administration against illegal settlements built after November 2010, has raised complaints from residents. Read more »

• Ethiopia: Government Introduces E-Service With 3.8 Million Br

  The Ministry of Communications & Information Technology (MoCIT) launched 49 e-service portals developed in order to enable seven governmental institutions give online services... Read more »

• Ethiopia: Elections Without Institutions Live Short [column]

  Few days before the undemocratic but popular Ethiopian national election of 2005 was held, the national television station broadcasted interviews of opposition figures. Amazingly,... Read more »

• Ethiopia: Abyssinia Bank Earns Nearly a Quarter of a Billion in Profit

  The Bank of Abyssinia (BoA) reported finishing the 2011/12 fiscal year with a profit after tax of 215.17 million Br, 22.9pc higher than that of the previous fiscal year. Read more »

• Ethiopia: Developing Countries to Receive Close to Half a Trillion Dollars in Remittance

  Remittance flows to the developing world is expected to reach 406 billion dollars in 2012, showing 6.5pc increment from the previous year, according to a new World Bank brief on... Read more »

• Ethiopia: DP World Desirous to Manage Dry Ports in Ethiopia

  Africa and Latin America will be primary focus for DP World, Mohammed Al Muallem, senior vice president and managing director for UAE, briefed journalists last week at DP World... Read more »

• Ethiopia: Sanitation Props Undignified [column]

  After 125 years of its founding, Addis Abeba has not yet reached at the height of its age to acquire the power to keep itself clean and neat for a capital city of a country, never... Read more »

• Ethiopia: Eepco Delivers Power Correctors Too Slow, Continues to Fine Factories

  The Ethiopian Electric Power Corporation (EEPCo) failed to deliver power factor corrector (PFC) devices for which it had accepted payment, leading companies to pay penalties for... Read more »

• Ethiopia: Gonder University Spends 164.1 Million Br On Information Communications Technology

  MoE provides the lion's share of finance, whereas CDC and Government of the Netherlands match it with 2.96mBr. Read more »

• Ethiopia: Wegagen Bank Shows 335.6 Million Br Profit

  Wegagen Bank earned a net profit of 335.6 million Br after tax in the 2011/12 fiscal year, a 3.8pc increase over its performance of the previous year, the bank announced at its... Read more »