Ethiopian Government Fixes Commodity Retail Prices

The Ethiopian government announced today it has fixed retail prices of 17 commodities in Addis Ababa market. In a discussion prepared for some 500 business firms at the Prime Minister’s office this... Read more »
Goldwind to build wind farm in Ethiopia

Goldwind wins wind energy order of 76.5 MW in Ethiopia

The wind power contract includes 34 wind turbines of its 1.5MW direct-drive permanent magnet. Adama wind farm is located in central Ethiopia, about 95km northeast from the capital, Addis Ababa. Xinjiang Goldwind... Read more »
Girma Wake of Ethiopian Airlines

How Girma Wake changed Ethiopian Airlines forever and why the best is yet to come

By Kirubel Tadesse “We have made history!” Ethiopian CEO Girma Wake said on Thursday, flanked by his successor Tewolde GebreMariam and his new management team. Indeed they made history with Girma Wake... Read more »
Getu commercial center

Judge fired for sending businessman Getu Gelete free

By Kirubel Tadesse A federal judge, Zerihun Bode, was sacked this week by parliament in a consequence for a ruling he made, sending one of the country’s leading businessman, Getu Gelete, free... Read more »
A Chinese construction worker supervises the building of a road in Addis Ababa, Ethiopia.

Ethiopia: Crouching lions, hidden dragon

The baggage lounge at Addis Ababa’s Bole airport is filled with activity as the Ethiopian Airlines flight from Beijing arrives. Young Chinese men, casually dressed in flannel trousers and shirts, gather around... Read more »
shops closed in merkato

Addis city administration closed shops in Merkato

By Muluken Yewondwossen Hoarding is being blamed for the sudden closing of at least 50 shops in Merkato.  The Addis Ketema Sub City Trade and Industry Development Bureau closed the shops in... Read more »
Ethiopian Revenue and Customs Authority (ERCA)

Addis Ababa Rent House owners must register and pay tax

Capital: Dwellers in Addis Ababa who generate income from business or residence rental houses have been ordered by the Ethiopian Revenue and Customs Authority (ERCA) to report their revenue and pay relevant... Read more »

Ethiopia Gets $224.3 Million Funding for Power Lines

Ethiopia secured $224.3 million from the African Development Bank to fund the construction of four electricity transmission lines to improve its own power supply and help development in neighboring countries, the lender... Read more »

Ethio Telecom virtually Disconnected

By Hayal Alemayehu Activities at the newly-formed Ethio Telecom have come near a standstill with the majority of the former Ethiopian Telecommunications Corporation’s (ETC) workers staying inactive. “Almost all functions have ceased... Read more »

Ethiopia: Draft beer price goes up

Draft and bottled beers, two of the most consumed beer types in Ethiopia, have seen one of the sharpest price increases this week followed by an upward push in retail prices. According... Read more »