ETHIOPIA TO ESTABLISH NEW AUTHORITY TO REGULATE TELECOMMUNICATION SERVICE (SEE COPY OF THE NEW PROCLAMATION)

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…

Peace Dividend

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 አብይ ፤ ዶ/ ር ይናገር ደሴን የብሔራዊ ባንክ ገዥ አድርገው ሾሙ

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…

Google Agrees to Pay $11 Million to Owners of Suspended AdSense Accounts

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,…

Heineken introduces new flavors

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…

የአማዞን ባለቤት ጄፍ ቤዞስ ቢል ጌትስን በመቅደም የዓለማችን ቁጥር 1 ቢሊየነር ሆነዋል

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…

Meet Samuel Tafesse, The Ethiopian Multi-Millionaire Who Built Africa’s First Marriott Hotel

By Mfonobong Nsehe JAN 1, 2018 @ 11:06 AM FORBES – Apart from Saudi-Ethiopian billionaire Mohammed Al-Amoudi, Samuel Tafesse is arguably the most popular businessman of Ethiopian origin. The 60-year-old real estate mogul is the founder of Sunshine Investment Group, a construction and development company that develops residential, leisure, and commercial properties in Ethiopia and the Middle East. Since…

Catalonia: 4 kept in jail, Brussels extradition hearing set

Supporters of the jailed Catalan independence leaders stand with an independence flag and banners reading ‘ Republic’, ‘Repression’ and ‘Democracy’’ while waiting for the release of the Catalan politicians outside the Estremera jail some 75 kilometres (46 miles) south-east of Madrid, Spain, Monday, Dec. 4, 2017. A Spanish judge has ordered the release of six…

Venezuela wants to launch a cryptocurrency backed by oil reserves called the “petro”

Alexandra Ulmer, Deisy Buitrago, Reuters Venezuelan President Nicolas Maduro announced the launch of a cryptocurrency called the “petro” backed by oil reserves.  Few specifics were given about the currency launch or how the struggling OPEC member would create the crytocurrency. Maduro said the petro will help Venezuela recover financially after the US imposed sanctions.  CARACAS (Reuters) –…

Former ECX Chief Lands Well-Paying Job at TV Station Under Formation

PUBLISHED ON DEC 01,2017 [ VOL 18 ,NO 918 ] Addis Fortune  Ermias Eshetu, the former chief of the Ethiopian Commodities Exchange (ECX), has landed a high paying job with African Renaissance Television Services (ARTS) as its new Chief Executive Officer (CEO). He replaced Mackonen E. Michael, the founding CEO and a returnee from the UK who has also…

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