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New Book Interrogates the Reform

The launching event for a new book dubbed Ethiopia in the Wake of Political Reforms was held today, October 22, 2020, at Ras Mekonnen Hall, Addis Ababa University. The book that brought together over twenty contributors from a multi-disciplinary team of scholars and practitioners in the areas of political and economic reform, federalism, and nation-building, as well

October 22, 2020 • By Kaleab Girma

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Dashen Partners with MIDROC Subsidiaries, Launches new E-payment Cards

Dashen Bank, one of the oldest private commercial banks in the country, partnered with two MIDROC Technology Group members, Queens Supermarket and Addis Home Depot, to launch a new e-payment gift card. The card, which uses prepaid stored-value money, allows its holders to pay for purchases at all branches of the two stores. The e-payment

October 13, 2020 • By Kaleab Girma

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Agency to Usher in a New HQ

The  Federal Documents Authentication and Registration Agency (DARA) is set to build a new headquarter at the cost of 1.6 billion birr. The 25-story building that will be built by Ethiopian Construction Works Corporation will rest on a 2758 sqm plot of land located in front of Mexico square. When completed in the next four

October 6, 2020 • By Kaleab Girma

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Bringing Home the Money: 14 Billion Br Down, 99 Billion more to Go

The National Bank of Ethiopia (NBE) disclosed that in the first 14 days since the new currency change was commenced, 14 billion birr that was previously circulating outside banking institutions had been deposited while 580 thousand new bank accounts were opened as of October 3, 2020. Yinager Dessie (Ph.D.), governor of the Bank, who gave

October 5, 2020 • By Kaleab Girma

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Nation to Get its First DNA Bank

The Ethiopian Biotechnology Institute, with the major goal of storing the genetic information of biological life found in Ethiopia, is set to establish a DNA bank at the cost of around 25 million dollars.  The DNA bank that will be the first of its kind will secure and store analyzed genetic information of microbes, plants,

October 1, 2020 • By Kaleab Girma

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U.S. Extends Military Support to Ethiopia

The United States Department of Defense provided 2.9 million dollars’ worth of training and equipment to the Ethiopian National Defense Forces (ENDF) to support Ethiopia’s effort to disrupt the threats posed by al-Shabaab, a jihadist fundamentalist group in Somalia and other terrorist organizations. The support that aims to strengthen the capacity ENDF includes land cruisers,

September 29, 2020 • By Kaleab Girma

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Government Quietly Imposes New Cash Limit on International Travelers

The Government of Ethiopia has put a new restriction on the foreign currency that travelers may bring into Ethiopia. Foreign passport holders are now only allowed to bring in foreign currency not exceeding the equivalent of 3,000 dollars and change any higher amount into birr at the airport upon arrival. On the other hand, the

September 28, 2020 • By Kaleab Girma

Entrepreneurship

Addis Gets its Own Angel Investors Network

A group of individual investors whose aim is to promote Ethiopia’s economic development and sustainability has founded Addis Ababa Angel Investors Network. The Network that will invest in small startups and entrepreneurs in exchange for ownership equity aims to build a robust startup ecosystem in Ethiopia that addresses the existing funding gap that targets early-stage

September 27, 2020 • By Kaleab Girma

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Addis to Commence on Mandatory Installation of Speed Limiters on Commercial Vehicles

In an attempt to tackle the growing number of road traffic accidents, Addis Ababa Traffic Management Agency is ensuing on the mandatory installation of speed limiters on all commercial vehicles in the capital. Vehicles registered in the capital with commercial purposes such as public transport vehicles with capacity from 12 up to 65 seats, carriage

September 24, 2020 • By Kaleab Girma

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Jawar, Bekele Face Heavy Charges from Prosecutors

Federal prosecutors charged the leaders of Oromia Federalist Congress, Jawar Mohammed and Bekele Gerba, for allegedly raising a civil war, committing terrorism, and telecom fraud. The prosecutors filed a total of ten charges against Jawar and Bekele together with 24 other defendants, some of whom are absent. The charges filed today at Lideta High Court

September 19, 2020 • By Kaleab Girma