October 9

• Ethiopia: Indian Polaris Snatches U.S.$3.4 Million Contract

  The National Bank of Ethiopia (NBE) has inked a 3.4 million dollar deal with Polaris Financial Technology Limited on Friday, October 5, 2012, to replace the CORE banking solution... Read more »

• Ethiopia: Company to Change Steel Game With U.S.$600 Million Deal

  Gianpietro Bedenetti, president of DanieliSpA and Mohammed Al Alamoudi (sheikh) inked the 600million dollar contract in Sheraton Addis on Tuesday October 2, 2012. Read more »

• Ethiopia: Muger Choosing Among Chinese Co's for 600 Million Br New Energy System

  The state owned Muger Cement Enterprise is evaluating the financial proposals of two Chinese companies to award a turnkey project of converting the current Heavy Furnace Oil (HFO)... Read more »

• Ethiopia: IMF Eyes Flexible Forex Market to Address Economic Woes

  With the nation's foreign exchange stock depleting fast recently to cover less than two months of imports, the International Monetary Fund (IMF) sees the way out is to introduce a... Read more »

• Ethiopia: AfDB to Approve $100 Million to Generate 371mw Power

  The board of the Africa Development Bank (AfDB) will approve a 100 million dollars loan in December 2012 to finance the construction of Geba Dam to be constructed on Geba River,... Read more »

• Ethiopia: Hidasse Floats 40 Miliion Br Shares to Laid-Off ETC Employees

  Hidasse Share Company, founded by laid-off employees of the former Ethiopian Telecommunication Corporation (ETC), has floated shares worth 40 million Br to former laid-off... Read more »

• Ethiopia: Ethiopotash Seeking 70mw Dedicated Power Supply to Danakil Plant

  The Ethiopian Electric Power Cooperation (EPPCo) is finalizing a power supply feasibility study to for the Danakil Depression, 778kms from Addis Abeba and 110m below sea level, for... Read more »

• Ethiopia: Bill to Introduce Livestock Auction Market Arrives

  A draft bill to drive out middlemen from the livestock market and introduce auction in to the market is expected to be ratified in six months; the bill aims to create heavily... Read more »

October 4

• Ethiopia: Customs Authority Cuts Metallurgic Mogul's Tax Due By 31 Million Br

  The Ethiopian Revenue & Customs Authority (ERCA) has made revisions to the tax audit it presented on Yesu Plc owner Yohannes Sisay, decreasing the amount of tax due from him by... Read more »

• Ethiopia: Eleni, Kalibata Honoured At a Gala in Arusha

  It was a busy week for Arusha, Tanzania, which hosted the fifth African Green Revolution Forum (AGRF) from September 26 to 27, 2012. Read more »

• Ethiopia: Ethiopian Replaces Defective Dreamliner Engine

  A day after its arrival, the eagerly awaited Dreamliner had taken a round trip visit to Mount Kilimanjaro without landing, with invited guests and media abroad. Read more »

• Ethiopia: Yordanos Hotel Goes Grand With 200 Million Br New Structure

  Yordanos Hotel Plc inaugurated the self-proclaimed five-star Grand Yordanos Hotel on Saturday, September 22, 2012; the hotel, adjacent to the old three-star Yordanos Hotel, will... Read more »

• Ethiopia: Shipping Enterprise to Receive Two Tankers Two Months Over Due

  Ethiopian Shipping & Logistics Services Enterprise (ESLSE), the sole maritime operator in Ethiopia, expects delivery of two tanker ships beginning October 2012, two months... Read more »

• Ethiopia: Lifan Engages Local Dealer for Spare Parts Distribution

  Lifan has provided the wall advertisement announcing that Lifan spare parts are available from its dealer SASCO Industrial, located at Kelifa building, located off Fitawrari... Read more »

• Ethiopia: Roads Connecting Toll Road to Addis Abeba Under Design

  The construction of an express toll road from Addis to Adama which began in 2010 is expected to be completed six months ahead of its schedule. Read more »

• Ethiopia: Bill to Increase Third Party Liability Coverage in Corner

  A draft bill to amend the 2008 proclamation that sets the scheme for vehicle insurance against third party risks has proposed to increase the extent of liability coverage for... Read more »

• Ethiopia: Resilient Bunna Bank Profits 30.3 Million Br After Tax

  Continuing on a successful two years in the banking industry, Buna International Bank (BIB) has reported a profit after tax of 30.03 million Br in 2011/12 fiscal year. This is a... Read more »

September 26

• Ethiopia: Construction Compromises Safety

  The aggressive expansion of road construction in Addis Abeba is putting the safety of residents in danger. Many contractors fail to provide safety at project sites, despite... Read more »

• Ethiopia: Housing Registration to Begin in 10 Days

  Nearly 27ha of land ready so far for the project, 18.59ha more to be cleared Read more »

• Ethiopia: Agricultural Research Institute Broadens Scope

  Ethiopian Institute for Agricultural Research (EIAR) upgraded its crop quality testing laboratory to a wider Agricultural research quality laboratory, expanding its scope to other... Read more »

• Ethiopia: Construction and Business Bank to Get Long Awaited Injection

  After a one-year delay since the approval of a 500 million Br capital injection for the Construction & Business Bank (CBB), the Ministry of Finance & Economic Development... Read more »

• Ethiopia: Prime Minister Pledges Continuity, Sees Collective Leadership Return

  Following the death of the late Prime Minister Meles Zenawi made public, Ethiopians have been overwhelmed with activities in his memory, as his unexpected death left the nation in... Read more »

• Ethiopia: DHL Wraps Up Deal With National Oil, Shops

  Deal with oil company first in Africa for the International Courier Read more »

• Ethiopia: Theft Disrupts Water Supply in Parts of Addis Abeba

  The 900mm pipe found under Kebena Bridge that was stripped of its supporting structures by unknown thief. Read more »

• Ethiopia: Airline to Build One of the World's Largest Cargo Terminals

  Hopefully once the new terminal is finished, cargo would find ample space inside instead of being kept outdoors. Read more »