Uncategorized

Abay Digitizes Payments, Launches Specialized Bill Generating System

Abay International Bank has launched a specialized bill generating system for service providers, joining Ethiopian banks’ latest move in digitizing their services.  Dubbed Unicash and built by Atlas Technologies System, a decade-old It firm, the system is made for schools, colleges, universities, utility companies, travel, hotels, and health care service providers.  To utilize the bank’s

September 19, 2020 • By Kaleab Girma

Uncategorized

The Grip on Money Intensifies as Cash Transactions in Property Sale Get Outlawed

The Federal Documents Authentication and Registration Agency (DARA) is no longer accepting and validating property sale agreements made with cash payments. The Agency introduced the new practice today, September 17, 2020, following the recent move of the National Bank of Ethiopia (NBE) that introduced a cash holding limit. The Agency’s new requirement applies to both

September 17, 2020 • By Kaleab Girma

Diaspora

New Ethiopian Ambassador to the UK Assumes Post

Teferi Melesse has assumed the Ethiopian Ambassador post to the United Kingdom of Great Britain and Northern Ireland yesterday, September 14, 2020. Teferi, who replaced the previous Ethiopian Ambassador Fesseha Shawel, was welcomed by Foreign, Commonwealth, and Development Office officials and diplomatic staff following his arrival into the UK over the weekend. According to the

September 15, 2020 • By Kaleab Girma

Uncategorized

Policy Research Institute Gets New Deputy Director

Prime Minister Abiy Ahmed (Ph.D.) appointed Professor Beyene Petros as Deputy Director-General of Policy Research Institute (PSI). Beyene, who has been a well-known figure in Ethiopian politics in the last two decades, is a professor of Biology at Addis Ababa University and a former member of the Ethiopian House of People’s Representatives, representing an electoral

September 9, 2020 • By Kaleab Girma

Uncategorized

New Bottled Milk Hits the Market

Produced by Kok manufacturing Plc, Bobo, a new bottled flavored milk, has hit Ethiopia’s markets. The bottled milk that comes in 150 ml does not require refrigeration and can last for six months without expiring. Bobo milk is being sold at 15 birr in retail shops in the capital, a price tag equivalent to 500

September 8, 2020 • By Kaleab Girma

Uncategorized

Ethiopia Hires U.S. Lobby Firm

The Ethiopian Embassy in Washington DC has signed a three-month contract, worth 130,000 dollars, with a U.S. lobbying firm Barnes & Thornburg LLP. The Indiana-based law firm will assist the Embassy in arranging meetings with U.S. government officials on matters of interest to the Embassy and assisting in strategic planning and advocacy. As a pre-requisite

September 7, 2020 • By Kaleab Girma

Uncategorized

Prominent Agricultural Research Center Destroyed by Flood

One of the leading agricultural research centers in Ethiopia, Werer Agricultural Research Center, was completely destroyed by flood yesterday, September 3, 2020. The flood caused by heavy rains hit the Center located in the Awash valley in the middle of the night and destroyed different crop farmlands, seed and animal feed storages, and office equipment.

September 4, 2020 • By Kaleab Girma

Uncategorized

Church Ventures Into New Area To Amass Funds

The Ethiopian Evangelical Church Mekan Yesus, with the goal of allocating 200 million birr fund, is selling 100 birr lottery tickets. The ticket that will be used to support the Church’s various missionary activities was issued after the approval of the National Lottery. The lottery tickets have eight different apartments in Addis Ababa as prizes

August 25, 2020 • By Kaleab Girma

Uncategorized

New Attorney General Picks Fighting Disinformation as First task

The Federal Attorney-General has taken to Facebook to denounce fake social media accounts opened in the Federal Attorney-General Gedion Timothewos (Ph.D.) name. The Attorney in its post published today have stated that there are no social media accounts opened or run by the new attorney general who replaced the outgoing general Adanech Abebe last week. The

August 24, 2020 • By Kaleab Girma

Entrepreneurship

Horticulture Fund Places 100 million Birr Up for Grant

SNV, a Dutch development organization, with the major aim of improving the value chain in fruit and vegetable sectors, has unveiled a 100 million birr Smallholder Chain Integration Fund to be granted to industry role players. The grant, which is part of Horticulture-Livelihood, Innovation, and Food safety in Ethiopia (Horti-LIFE) program, will award up to

August 21, 2020 • By Kaleab Girma