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Monday, June 10, 2024

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Gov’t on brink of IMF agreement, sources disclose National Bank Governor Mamo Mihretu has offered a rare pledge for ‘preferential treatment’ to Saudi Arabian nationals eyeing investments in Ethiopia. The Governor made the pledge during a speech to a delegation of 79 Saudi investors and Chamber of Commerce representatives at the...

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“Somaliland MoU being handled by PM” : Transport Minister

-Mogadishu calls for withdrawal of Ethiopian troops Alemu SIme (PhD), minister of Transport and Logistics, told Parliament that Ethiopia is pursuing the sea access deal...

Buyers air grievances over incomplete homes delivered by Noah, Adey Abeba

Homebuyers dissatisfied with the delivery of unfinished housing from sister companies Noah Real Estate and Adey Abeba Real Estate are threatening to pursue legal...

Sour agricultural loans magnify DBE losses, again

78 projects in Tigray reclassified as NPLs Loans doled out to rain-dependent agricultural projects continue to haunt the Development Bank of Ethiopia (DBE) as its...
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Rights Commission calls for investigation into violations committed under state of emergency

The Ethiopian Human Rights Commission (EHRC) has requested the government to lift restrictions following the expiration of a state of emergency this week, 10...

Agri Corp sees profits double against the odds

Petitions government to lift taxes on fertilizer imports The Ethiopian Agricultural Businesses Corporation (EABC) has registered one billion birr in profit before tax over the...

Chinese Poly GCL regains natural gas concession in Somali region

Natural gas policy, proclamation, regulation in the making at Mines Ministry The federal government has backtracked on its decision to strip a Chinese multinational of...
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TPLF eyes renewed political involvement as gov’t amends electoral legislation

An amendment to the country’s electoral proclamation will allow the relicensing of revoked political parties, paving the way to regaining legal recognition for the...

Ethiopia, Yapi Merkezi arbitration hearing begins in London

Turkish contractor seeks compensation for conflict-struck railway project Proceedings over a legal wrangling between the Ethiopian government and a Turkish contractor over an ill-fated railway...

Conflict recovery could require USD 44 billion in five years, study reveals

Gov’t conducting new damage assessment A new study reveals that the amount of investment required for Ethiopia to recover from the devastation of the...
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Bill empowers Immigration Service to trace foreign nationals, suspend foreign travels

A newly amended bill tabled before lawmakers proposes to grant the Immigration and Citizenship Service a set of new powers over foreign nationals residing...

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