Monday 08th February 2016

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 Crisis tops agenda at  AU Summit

Crisis tops agenda at AU Summit

Burundi said it has the backing of other nations in refusing to accept an African Union (AU) peacekeeping force as leaders from across the continent met ahead of an unprecedented vote on t....

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SNNP at loggerheads with Tiens’ marketing methods

SNNP at loggerheads with Tiens’ marketing methods

The Southern Nations, Nationalities, and People’s (SNNP)Region Health Bureau has prohibited Tiens’ network marketers from selling food supplements, claiming that their methods of selli....

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Woreda office demolishes USD 1.5 million car assembly

Woreda office demolishes USD 1.5 million car assembly

A car assembly built by Nigma Agro Industry was partly demolished by the Gullele Sub-city’s, Woreda 10 Building Permission and Inspection Office last Saturday, citing that the assembly plant did ....

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Growth ahead for African economies, says report

Growth ahead for African economies, says report

Africa’s economic growth has been moderate at 3.7 percent in 2015, according to the World Economic Situation and Prospects (WESP) 2016 report, launched in Ethiopia on Tuesday January 26a....

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License to kill dangers of corruption on Addis’ roads PDF Print E-mail
By Tesfaye Getnet   
Wednesday, 03 February 2016 06:58

“We have seen people failing to get their driving licenses, not because of their ability to pass the practical exam but because they failed to give a bit of ‘sugar’ to their instructors or others who determine if they pass or not. And it seems that the attitude of most driving inspectors boils down to four words: No bribe, no license.” This was said at a meeting organized by the Ethiopian Road Transport Authority (ERTA) on January 23. Add a comment

Last Updated on Wednesday, 03 February 2016 07:45
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ERCA facing acute shortage of stamp duty paper PDF Print E-mail
By Tesfaye Getnet   
Wednesday, 03 February 2016 06:26

Following Berhanena Selam Printing Enterprise’s failure to procure Gudy paper, needed to produce Ethiopian Revenues and Customs Authority’s (ERCA) stamp duty paper, the authority has ordered banks and insurance companies to use stamps at their nearest customs office. Add a comment

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Ethiopia’s financial sector starts to open PDF Print E-mail
By Muluken Yewondwossen   
Wednesday, 03 February 2016 06:27

Ethiopia’s financial sector is set to open, with the government’s new plan to come up with a new policy that will open the market, albeit to a limited extent, to international actors. The move is aimed mainly at the relative liberalization of capital goods and lease financing. Add a comment

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EDITORS' CHOICE

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POLL 1

1. Do you think poverty in Africa is declining?

(65 votes)

27.7%   (18)
66.2%   (43)
6.2%   (4)
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POLL 2

2. Do you think the foreign currency shortage will be an issue in the next quarter of the year?

(82 votes)

82.9%   (68)
8.5%   (7)
8.5%   (7)
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PANKHURST'S CORNER

The Dramatic History of Addis Ababa Part 13: The Beginnings of Cabinet Government

The object of the present series of articles is to consider how the founding and early growth of Addis Ababa witnessed Transformation in other fields of Ethiopian economic, social and political life. read more...

ENTREPRENEUR PROFILE

Name: Efrem Tesfaye
Education: BA in Business Information System
Company name: Afalagi Search Engine PLC
Studio title: Owner and General Manager
Founded: 2011
What it does: Information for callers read more...

DOING BUSINESS

This week saw the 8th “Africa Arise” conference, organized by Beza International Church in cooperation with members of the diplomatic community in Addis Abeba. read more...

BUSINESS & ECONOMY

Citing downturns in key emerging economies, the International Labor Organization (ILO) recently disclosed that the global unemployment rose in 2015 and is expected to worsen further over the next two years.

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