Friday, September 22, 2023

Author Name

Selamawit Mengesha

Total Articles by the Author


Somalia to start fish, fruit exports to Ethiopia

It provides relief for Ethiopian khat farmers through export rule changes Somalia is poised to begin formally exporting fish and fruit products to neighboring Ethiopia...

Gov’t to remove paper tariffs to end textbook crisis

The Council of Minister’s waives customs duties on imported paper for textbooks, aiming to address the challenges faced by local printing industries due to the new curriculum. Ethiopian Investment Holding (EIH) is also entering joint venture to establish mass printing factory within the country, with the goal of ending book imports.

Addis Ababa University – AAU announces new leadership ahead of autonomy

Addis Ababa University (AAU) has unveiled its new governance structure as the institution prepares to transition to an autonomous model next year. Frehiwot Tamiru...

Struggling Tigray firms lobby gov’t to forgive war-era loan interest

But federal officials gave a lukewarm response Business leaders in Tigray are ramping up pressure on the Ethiopian government to provide debt relief for loans...

Power cuts plague Ethiopia’s capital as electricity woes worsen

Residents of Ethiopia's capital city of Addis Ababa have expressed growing frustration over persistent and prolonged electricity interruptions in recent weeks. Several neighborhoods across the...

Tigray business empire demands audit of seized assets

EFFORT management uncovers financial irregularities during the conflict in Ethiopia, prompting a demand for an audit. Excessive withdrawals and unreported revenues raise concerns and call for accountability.

Reinsurer suspends political violence policy in emergency-declared regions

One of Africa's largest reinsurance firms, African Reinsurance Corporation, has suspended issuance of new political violence treaty (PVT) cover for regions experiencing conflict in...

Ethiopia drives toward automotive future as Toyota talks continue

Ethiopia is putting increased pressure on Toyota to decide on a manufacturing plant, with negotiations between the two dragging on for over a year. Officials are aggressively pursuing other major automakers and preparing industry policies to attract multinational vehicle manufacturers to establish local production.

Bunna Bank new procedure opens door to lower pay for demoted workers

Bunna Bank faces backlash over a proposed talent procedure that enables demoting and cutting wages of underperforming employees, which employees argue violates Ethiopia's labor laws.

Policy Bank battles to salvage billions

Ethiopia's lone policy bank is fighting to recover billions of birr in unpaid loans to businesses in Tigray and Gambela. As businesses struggle in Tigray and commercial farms collapse in Gambella leaving loans unpaid, Development Bank of Ethiopia is desperate to recover funds by any means - even if it means a bitter land feud with Gambella authorities who want farmland returned that the bank controls as collateral for defaulted loans.