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House votes to postpone city council, local election

With uncertainty surrounding the upcoming general election, The House of People’s Representatives (HPR) has passed the decision to postpone local elections and the election of the Addis Ababa and Dire Dawa city councils,which it has done for the second time,to be carried out along with the upcoming 6th General Elections scheduled for May 2020.

PM remains defiant over foreign debt stress

The House of People’s Representatives (HPR) ended its fourth year of the current parliamentary term by endorsing the proposed federal government’s budget worth 386,954,965,289 birr (over USD 13.8 billion) for the fiscal year 2012 E.C (2019/20 GC).

Diasporas get thumbs up to venture into banking

A new draft bill, which was designed to amend the existing, restrictive banking and financial services proclamation, has been tabled before the House of People’s Representatives (HPR) offering a new regulation, which has given the green light to foreign nationals of Ethiopian origin to engage in the banking and financial services sector.