By Samson Berhane Amhara Bank is at loggerheads with 10 banks over repayment of interest on the paid-up capital it has collected. The dispute arose one and a half years after the Bank officially started selling its shares to the public after coming to terms with 10 commercial banks to create accounts in which investors would…
Selamta, the in-flight magazine of Ethiopian Airlines, stopped its publication for good. Ashenafi Zeray, Head of Public Relations and Corporate Communication with Africa’s most successful airline, confirmed the end of the publication of the famous magazine, but said it would instead be going digital. The magazine that came into existence in the 1980s saw its…
The central bank’s imposition of limits on cash withdrawals by savers and businesses targets payment instruments other than cash, thereby mitigating liquidity crunches and reducing note printing costs, as well as fighting fraud, its officials said today. The National Bank of Ethiopia’s (NBE) directive released today limits daily and monthly cash withdrawals of businesses to…
Footage released on Ethiopian national television has shown that the country is deploying Russian manufactured Pantsir S1 air defence combat vehicles, as part of a broader military modernisation program. The short range air defence system is highly mobile, and is also capable of engaging ground targets such as infantry and light armoured vehicles – deploying…
In its 14th urgent session held today, the Council of Ministers has reviewed and passed a new proclamation establishing a federal authority to regulate telecommunication services. The proclamation has been referred to the House of People’s Representatives for approval. The new proclamation, “Communications Service Regulation Proclamation” establishes “an independent, transparent, and accountable regulatory Authority” aimed…
Samson Redae, 45, is unloading sacks of garments brought from Asmara, Eritrea, to Adigrat, a town located about 38Km inland from the border area in Ethiopia. He is one of the hundreds of Eritreans who cross the border daily to take advantage of the recent opportunity the historic rapprochement between the two countries has provided…
ጠ/ ሚ ዶክተር አብይ አሕመድ የብሔራዊ ኘላን ኮምሽነር የነበሩትን ዶ/ ር ይናገር ደሴን የብሔራዊ ባንክ ገዥ አድርገው መሾማቸውን ፎርቹን ጋዜጣ በድረገጹ ዘገበ። በተጨማሪም የኢትዮጽያ ንግድ ባንክ ኘረዝደንት የሆኑት አቶ በቃሉ ዘለቀ የብሔራዊ ባንክ ምክትል ገዥ ሆነው በጠ/ ሚኒስትሩ መሾማቸውን አያይዞ ዘግቧል። ብሔራዊ ባንክን ለረጅም ጊዜ በሐላፊነት ያገለገሉትን አቶ ተክለወልድ አጥናፉ የት እንደተመደቡ ጋዜጣው የሰጠው ፍንጭ…
By Lawrence Abrams – Bleeping Computer Google has agreed to create a fund of 11 million dollars as part of a a class action settlement for terminating or disabling a publisher’s Adsense accounts, but not paying out any balances that the publisher had at the time. The class action complaint filed by a California company named Free Range Content,…
By Dawit Endeshaw Heineken Brewery SC has introduced two new beers to Ethiopian market called Sofi Buna and Walia 3.3. This is the third attempt in almost one year where the company introduced a new beer. It is to be recalled that in June 2017, Heineken introduced Walia Radler which has 2.5 percent alcohol content. This…
የኦንላይን የገበያ ስፍራ የሆነው አማዞን ባለቤት ጄፍ ቤዞስ በ112 ቢሊየን የአሜሪካ ዶላር ሀብት ቢል ጌትስን በመቅደም የፎርብስ የ2018 ቁጥር አንድ ቢሊየነር ሆኑ። ባለፉት 24 ዓመታት ለ18 ጊዜያት በፎርብስ የቢሊየነሮች ዝርዝር ቀዳሚ የነበሩት ቢል ጌትስ በ90 ቢሊየን የአሜሪካ ዶላር ሁለተኛ ሲሆኑ፥ ዋረን ቡፌት በ84 ቢሊየን የአሜሪካ ዶላር ሶስተኛ ደረጃ ላይ ተቀምጠዋል። የአሜሪካው ፕሬዚዳንት ዳናልድ ትራንፕም እንደ…
