Saturday, April 20, 2024


Kurmuk Gold Mining Plc says its operations in the gold-rich Benishangul-Gumuz Regional State are being hindered by regional authorities, whom it accuses of refusing the company access to mining sites. “ will be forced to close its exploration camp and send all its employees home until a solution to these...


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Video from Enat Bank Youtube Channel.


Fed to reinstate duties on khat exporters as state revenues continue to slump

This year’s total export earnings hover at USD 2.16bln Worries over declining state revenues from the export of khat have led authorities at the...

Lemi Cement seeks contractor for airfield construction at North Shewa plant

Runway necessitated partly by security risks on roads  The investors behind a mega cement factory in the Amhara region have put out a bid for...

Education Ministry to overhaul “biased” honorary degree conferral procedures

Minister Berhanu Nega (Prof.) suspends conferrals The Ministry of Education is set to overhaul the procedures for the awarding of honorary degrees by higher education...
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ESX raises 1.5bln from domestic, foreign investors

The Ethiopian Securities Exchange (ESX) has closed its share offering after raising 1.5 billion birr in subscribed capital from dozens of investors, including three...

IMF talks end without agreement

A two-week round of discussions between Ethiopian officials and an International Monetary Fund (IMF) delegation in Addis Ababa has ended without a financial package...

Parliament approves rent control legislation

Parliament has ratified a proclamation prohibiting landlords from increasing rent more than once a year. MPs voted almost unanimously in favor of the ‘Rent Control...
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Agri officials secure long-sought 1.4bln budget for farmer lime subsidies

Officials at the Ministry of Agriculture have finally received the go-ahead to use a portion of the federal fertilizer subsidy budget to lower costs for lime needed to remedy acidic soil threatening farm productivity in many parts of the country.

Deloitte Nabs Capital Market License

Deloitte has acquired the first license for investment advisory services in the upcoming stock exchange more than a month after the Ethiopian Capital Markets...

City Admin to auction Piassa plots appropriated for ‘corridor development’

The Addis Ababa City Administration is readying to auction land plots cleared as part of the ongoing citywide infrastructure project. The city’s Land Development and...
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BGI Ethiopia, distributors’ spat escalate as court orders injunction on new distribution contracts

BGI Ethiopia’s legal wrangling pile up as the brewer adds a lawsuit from some of its largest distributors to the property sale saga with...



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