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The Mortgage collective

The Nation’s first fully dedicated mortgage bank— GoH Betoch (housing) Bank—which is under formation currently seems to be gathering momentum. The Bank which is being promoted by a number of well-known personalities in the banking and construction sector, such as an ex-banking regulator and vice governor of the National Bank of Ethiopia (NBE), Getahun Nana, the organizing committee also features a prominent real estate personality—Gebreyesus Igata of Gift Real Estate Plc— and other former banks presidents like Fasika Kebede, Amerga Kassa and Araya Gebregziabher, has officially announced the beginning of share sales on Thursday in an event held at the Skylight Hotel.

GERD politics: back to square one?

The Grand Ethiopian Renaissance Dam (GERD), the ambitious project which Ethiopia kicked off almost eight years ago, is once again raising tensions between Ethiopia and Egypt.

Total pledges to invest USD 100 mln

The longest-serving fuel and lubricants marketing company in Ethiopia, Total Ethiopia SC, has pledged to invest USD 100 million in Ethiopia if the government makes adjustments on the profit margin of fuel distribution prices.

Ethiopia says Egypt’s proposal an affront to its sovereignty 

The spokesperson of the Ministry of Foreign Affairs (MoFA) of Ethiopia, Nebiat Getachew said that the proposal tabled by Egypt regarding the Great Ethiopian Renaissance Dam (GERD), which Ethiopia is constructing over the Nile River, stands in stark contrast to Ethiopia’s national interest and puts country’s sovereignty under question. Ethiopia has been constructing the 6,000MW Dam over the Nile River since 2011.

New company joins taxi hailing business

El-Taxi Trading has become the latest company to enter the taxi hailing app business in which taxi owners’ associations are members along with the management of the company. It has been four months since the establishment of the company.

E-ZEMA to reach out to Ethiopian Diaspora in 70 countries

Ethiopian Citizens for Social Justice Party (E-ZEMA), a party which was established months ago, is working to build its political network in 70 countries across the globe where Ethiopians live to reach out to the politically active diaspora community, The Reporter has learnt.