2012 DV Lottery Submission Starts on October 5

New for this year : Applicants will check their status on DV lottery website if they are a winner. The Embassy of the United States of America today announced... Read more »

Ethopian Superstar Gigi To Release Mesgana Ethiopia On October 19, 2010

New York , NY (Top40 Charts/ Girlie Action Media) – Ejigayehu ‘Gigi’ Shibawbaw, one of Ethiopia’s best-known singers, is releasing her latest album Mesgana Ethiopia on October 19th through... Read more »

Ethiopian Mother arrested. Two of her childrens died from kept in closet

– Mother Tells Police She Locked Kids In Closet – Two Found Dead Ten Hours Later A young mother from Ethiopia tells police she kept her five children in... Read more »

Ethiopia: Transport, construction sectors hardest hit by birr devaluation

The 16.7 percent devaluation of the Ethiopian currency, the birr, announced last week, against major foreign currencies has seen price inflation rising into the double-digits on both imported and... Read more »

How Much Ethiopian Bank Presidents Make?

(Addis Fortune/All Africa Global Media via COMTEX) The banking sector, comprising a total of 15 banks, is the highest performing in the country, showing a record performance every year,... Read more »

ETC CEO resigns on threshold of French take-over

Amare Amsalu,  Chief Executive Officer (CEO) of the state-owned telecom provider Ethiopian Telecommunication Corporation (ETC) has resigned from his position as per September 15, 2010 Capital has learned. France... Read more »

NIB moves to “financial heart” of Addis Ababa

Nib International Bank S.C. (NIB) is about to construct their headquarters in the heart of Addis Ababa, close to the National Bank of Ethiopia (NBE). It thereby joins other... Read more »

Floods displace thousands more in Ethiopia

ADDIS ABABA — Floodwaters have displaced nearly 16,000 people in north-eastern Ethiopia, the UN said Monday, weeks after thousands of others were affected in the country’s central region. “Flooding... Read more »

Ethiopian Investor Buys Ghion Hotel

USD 510 mln to be spent for construction of two new hotels By Meirafe Berhane The Privatization and Public Enterprises Supervising Agency (PPESA) reached a decision for a joint... Read more »

National Bank of Ethiopia dispatched a new one-birr coin

By Tamiru Tsige & Hayal Alemayehu National Bank of Ethiopia (NBE) has dispatched to banks the new one-birr coins that are going to replace the current notes, whose circulation... Read more »