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EEG back peddling in innovation, audit findings show
The Office of Federal Auditor General (OFAG) says that the Ethiopian Engineering Group (EEG), which is the major portion of the infamous former Metal...
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Govt to scarp colored plastic bottles
The usage of masterbatch (MB), which is used for coloring plastic bottles in the bottled water industry, is to be halted if the new...
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Audit report with astronomical penalties spurs confusion
The Office of the Federal Auditor General’s (OFAG) performance report has stirred confusion between Ethiopian Roads Administration (ERA) and Ethiopian Construction Works Corporation (ECWC).
OFAG’s...
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EIH holds first onboard summit spearheading generational wealth
The Ethiopian Investment Holding (EIH), a recently formed state owned commercial entity which is a public wealth fund that holds 27 mammoth public enterprises...
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EU commissioner visits Ethiopia to access humanitarian status quo
Commissioner for Crisis Management, Janez Lenarčič visits Ethiopia on June 20-21, to see first-hand the humanitarian situation in the northern parts of the country.
With...
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Heartaches, grief engulf Wollega
For the past few years several ethnic conflicts and targeted attacks against certain communities occurring in several areas of Ethiopia including the War in...
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NBE puts forth new threshold in reserve requirements
The financial sector’s regulatory body, National Bank of Ethiopia (NBE), revises bank’s reserve requirements by introducing a new rate amidst the skyrocketing inflation.
The regulatory...
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Djibouti’s port moves notch higher in new index
Djibouti port, Ethiopia’s main sea cargo outlet, attains major scores on the World Bank container port performance index (CPPI) 2021.
The CPPI 2021 which was...
