Safaricom eyes 30 year infrastructure sharing agreement with Ethio telecom
The company has invested $300m on infrastructure so far
Safaricom Ethiopia is negotiating to share Ethio-telecom’s infrastructure for the next 30 years.
It is a negotiation...
GERD will start generating power tomorrow
The Grand Ethiopian Renaissance Dam (GERD), the mega hydropower plant currently under construction on the Blue Nile River, will start generating power as of...
Fuel price spike hampers electricity supply to war affected areas
Residents of war-affected areas in Amhara Region are unable to get electricity due to spike in price of fuel, which has been a source...
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Investigation of Karrayu Killings underway, Oromia police
Oromia Police Commission said it is investigating to bring perpetrators responsible for the killings of members of Karrayyu Gada leadership in East Shewa Zone...
Has depreciating Birr missed its mark?
On February 3, 2022, the official exchange rate of birr against the US dollar surpassed the 50 birr mark, depreciating by 0.11 percent every...
LC payment defaults pile as forex retention shrinks
Banks stop approving new LCs
Commercial banks stuck between a rock and a hard place as they fail to settle the payment of the Letter...
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Ethiopia steps forward to establish national quality council
The Ministry of Trade and Regional Integration (MoTRI) has finalized the validation of a draft National Quality Policy. The policy, which is the first...
Condo projects await 5.4 billion birr loan from state bank
The Addis Ababa City’s Housing Development & Administration Bureau requested 5.4 billion birr credit in the form of corporate bond from the Commercial Bank...
Parliament lifts state of emergency
Ethiopia's Parliament has lifted the state of emergency that was declared in November 2021. It is a measure opposed by many parliamentarians who believe...
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Premier inaugurates CBE’s new headquarters
Prime Minister Abiy Ahmed (PhD) today inaugurates the headquarters of the Commercial Bank of Ethiopia (CBE). It is milestone project of the state financier,...