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EEP exits electric power generation sector

The Ethiopian Electric Power (EEP) has made it public this week that it is formally ceasingits power generation operation and will focus on the management of the existing plants, transmissions linens and substations.

Pilots of doomed ET plane qualified: report

The preliminary report into the crash of Ethiopian Airlines operated Boeing 737 MAX 8 flight number ET 302 indicated that the pilots followed the proper procedures required by Boeing and the Federal Aviation Authority of the United States to control the doomed plane. The pilots, as well as, the plane had the proper certification, it was announced.

Amhara Savingto go into mainstream Banking

Amhara Credit & Saving Institution (ACSI), a giant microfinance institution active in the Amhara Regional State, has requested the National Bank of Ethiopia (NBE)to be given a green light to transform into a full-fledged banking institution, The Reporter has learnt.

Public Enterprise Agency appeals injunction order

The Public Enterprises Holding and Administration Agency (PEHAA), has appealed a decision made in a Federal High Court following an injunction order where the earlier was forced not to transfer National Alcohol and Liquor Factory (NALF) to a private holding, The Reporter has learnt.

Agent sues Heineken Ethiopia

Heineken Share Company of Ethiopia – one of the recent and successful breweries in Ethiopia – is being sued, accused of abruptly ending a contract worth more than 2.7 million Birr by one of its former agents and distributors.