15 C
Addis Ababa,Ethiopia
Addis Ababa,Ethiopia
broken clouds
15 ° C
15 °
15 °
77%
6.7kmh
75%
Wed
18 °
Thu
21 °
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24 °
Sat
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The Ministry of Women and Children Affairs has prohibited international adoptions after Parliament's recent endorsement of the National Child Policy, which took five years to make. After the ban, many children whose adoption were under process have been returned to...
The Ministry of Trade (MoT) dismissed the complaints of grain exporters who were disappointed because allegedly a single company was permitted to export maize to eastern and southern African countries. Ayana Zewde, State Minister of MoT, told Capital that other...
For the first time since banning the product in 2016, Britain allowed two containers of hot pepper from Ethiopia into their country. However samples from three hot pepper exporters were rejected at a German laboratory last week. Hot pepper powder...
The 74 year old financial giant, Commercial Bank of Ethiopia (CBE), has reopened its Djibouti subsidiary company as part of its international strategy. The state owned bank opened the Djibouti CBE on April 8, with services like savings, remittance and...
PM Hailemariam and Somalia’s President Mohamed Abdullahi Mohammed both agreed to forge closer economic and diplomatic ties during a three day visit in Addis last week. They took several steps toward cementing their relationship; committing to implementing previously signed agreements,...
Hot pepper powder worth ten million USD has been returned to Ethiopia from European markets when it was found to have unsafe levels of Aflatoxins and Ochratoxins during testing at entrance laboratories in European countries. Ethiopian hot pepper was banned...
Investing in opportunities for the youth and addressing the root causes of migration like unemployment and poverty will help solve the migration crisis but setting up camps  in North Africa will not, stated Germany’s Foreign Minister Sigmar Gabriel and...
Shangri-La Hotels and Resorts potentially want to partner with the government to run the hospitality business in Ethiopia when the current international partner Hilton Worldwide concludes its association in the next couple of years. The Asian multinational hospitality giant has...
Grain exporters are unhappy with the government’s decision to only allow a single company to export maize to east and southern African nations. Because of the drought, last fiscal year, exporters were banned from exporting grain. Then, a recent...
Despite hard work Ethiopia is still struggling to get the patent for the Teff grain back, according to the Ethiopian Biodiversity Institute. According to Melesse Maryo (PhD), Director General of the Ethiopian Biodiversity Institute, the government is working on...
One of the oldest areas in the city, which is located in the heart of Piassa, Serategna Sefer, will be demolished at the end of this Ethiopian year for redevelopment works. The demolition will encompass the entire area that...
The Ethiopian Agricultural Commodities Warehousing Service Enterprises (EACWSE), which spun-off from the Ethiopian Commodity Exchange (ECX) about 31 months ago, will reunite with its mother organization by July 1, 2017. The government was expecting agriculture to bring in a staggering...
CGCOC GROUP, a Chinese construction company, has won a bid to build the first phase of the Addis-Africa International Convention and Exhibition Center S.C. (AAICEC). According to information that Capital obtained from AAICEC sources the first phase will take around...
  The Ethiopian Association of Basic Metals and Engineering Industries (EABMEI), which is mostly made up of local steel manufactures, has begun a detailed study to provide insight into the government’s new policy on steel. Samuel Mulugeta, Board Member of the...
  The EU Business Forum was officially launched on March 29, 2017 at the Sheraton Hotel. The event was attended by officials from the Ethiopian Investment Commission, the European Union Ethiopia Delegation as well as EU business communities. The EU Business...
The Vice Mayor of Addis Ababa,  Abate Sitotaw ordered the Land Management and Development  Bureau  to repossess all land held  by  Access Real Estate (ARE) throughout the city  and place it in a land bank for special protection. According to...
Major General Abraha Tesfaye, African Union Mission to Somalia (AMISOM) Deputy Force Commander said that Ethiopia will work with the newly elected president of Somalia to create strong security forces throughout Somalia. The General said that working with Abdullahi Mohamed...
When President Ismael Omar Guelleh visited Ethiopia this week it was the first official state visit for Djibouti’s premier. Surprisingly very few official state visits occurred between the two neighbors. The first official trip to Djibouti by Prime Minister...
Osman Abdi Mohamed’s recent promotion to General Manager of Djibouti’s National Tourism Office should be a rewarding job as Djibouti’s government has high hopes for tourism, expecting it to become one of Djibouti’s major economic pillars within 20 years. Tourism...
New changes in the coffee sector are on the horizon but there have been some differences of opinion observed during the latest meeting held at the Prime Minister’s Office, Capital learnt. Most aspects of the coffee industry, from farming to...
BT cotton, which was planted in six parts of the country last July 2016  passed its  field trial test and has brought promising results. If it scores well in the next trial it will be used for commercial purposes.  ...
Breathalyzer testing will be fully enforced after a city wide Road Safety Strategy begins on Thursday March 16, according to the Addis Ababa Road and Transport Bureau. The use of the breathalyzer, which is a device used to estimate...

Bilateral ties

Ethiopia and South Sudan signed nine cooperation agreements on Friday February 24, as part of the official visit of South Sudanese President Salva Kiir, who arrived on Thursday. According to the agreements, priority will be given to building two highways...
Coffee and Tea Authority to implement major reform starting in March Massive changes are coming to the coffee sector this March as the Ethiopian Coffee and Tea Development and Marketing Authority (ECTDMA) disclosed that it will implement reform to alleviate...
Low occupancy rate affecting hospitality industry The Addis Abeba Hotel Owners' Association has written a letter to the Prime Minister’s office and the Ministry of Culture and Tourism asking that all hotels in Addis be exempt from profit tax and...
After long discussions with the Ministry of Finance and Economic Cooperation, China’s Eximbank has agreed to loan Ethiopia USD 1.5 billion to construct the Gerbi Dam, which should generate 73,000 cubic meters of water per day to supply Addis...
The Addis Ababa Trade Bureau closed 121 shops for conducting business in underground parking areas of buildings. Most of the shops were in Bole area and sold items like mobile phones, clothing, food and cosmetics. Other areas which had a...
Golden Tulip Addis Ababa and Marriot Executive Apartment Hotels were recently awarded 5 star ratings by the Ministry of Culture & Tourism (MoCT).There are now seven, five star hotels in Addis Ababa including; Sheraton Addis, Elilly International Hotel, Capital...
The Development Bank of Ethiopia (DBE) recently announced plans to reintroduce a loan program for rain fed commercial farming as of February 1. Last March the state owned bank halted the loan program because of scandals observed by agricultural...
Billions of birr have been invested to purchase construction materials for the 20/80 condos over the last 10 years. However, lack of proper auditing has led to corruption and waste. Steel bars, cement and bathroom products like toilets have been...
The manufacturing sector has fallen short of expectations. The Ministry of Industry (MoI) reported to parliament that exports of manufactured products only performed half as well as expected over the last six months of the 2016/17 budget year. The...
The Sheikh Mohammed Hussein Ali al-Amoudi (L) Stadium in Woldiya was inaugurated in the presence of Prime Minister Hailemariam (R) and other high level officials on Saturday January 14, 2016.  The multi-purpose stadium used mostly for football matches also...
During  his latest press conference Prime Minister Hailemariam Desalegn confirmed that his government is in the process of selling  shares of the Ethiopian Shipping and Logistics Services Enterprise (ESLSE), which is the  only state run company that owns commercial...
The Debere Birhan Wind Farm project may be at risk since the government has changed its policy on developing new power projects in the country. In the beginning of the current GTP the government decided that projects would be awarded...
On his latest press conference Prime Minister Hailemariam Desalegn confirmed that his government is on the process to sell share of the Ethiopian Shipping and Logistics Services Enterprise (ESLSE) for undisclosed company. Recently it was stated that the Chinese logistics...
Steely R.M.I. plc, one of the major local steel manufacturers, refused to supply steel because a request from the Public Procurement and Property Disposal Service (PPPDS) was delayed. A Chinese steel factory who was expected to supply a small part...
The government formed a special committee under the Prime Minister's Office to combat the currency trading on the black market and outflow of hard currency from the country. The Financial Intelligence Centre (FIC), which is the monetary intelligence unit established...
The Addis Ababa City Administration Housing Management Agency announced it would draw a lottery for 5,000 condo houses for government school teachers next month in order for them to rent them at a fair price. From the total of 14,000...
Private freight forwarders will soon be able to take part in the multimodal transportation scheme once a new draft directive is issued in a few weeks. Previously they were only allowed to engage in uni-modal operations. The Ethiopian Maritime Affairs...
Dr. Merera Gudina, Chairman of the Oromo Federalist Congress (OFC) was denied bail during his hearing at the Federal High Court Arada Bench on Thursday, December 29, 2016. The court also gave the police another 28 days to gather...
The Addis Ababa Land Management Bureau announced that they have no plans to demolish more houses this fiscal year and will aggressively work to fully clean up the areas that are already demolished. In the past year the city administration...
The Maritime Affairs Authority is going to introduce an alternative scheme for private freight forwarders and shipping agents to be part of the multimodal (land, sea, or road) transportation service. The multi modal scheme has been solely operated by the...
Farmers request Respence Vaccine to stop chicken disease Poultry farmers are concerned about the prevalence of Marek’s Virus which kills and weakens the immune system of chickens. Farmers are asking the government to provide a better vaccine for the disease....
Gibe III was officially inaugurated on December 17, after 10 years of construction. It has an installed capacity of 1,870 MW. Construction of Gibe III began in July 2006 upon the signing of an engineering procurement agreement between the then...
The growing number of requests for tax refunds is causing the government to consider increasing the withholding percentage from Value Added Tax (VAT). In the first four months of the budget year over 2.6 billion birr was slated to...
Company to double production The first international wine brand in Ethiopia which has placed the nation among global wine producing countries, Castel Winery, plans to double its production through its latest 12 million euro expansion, which will take two...
The Horn of Africa is emerging as a region for wildlife crime both as a source and a transit route for illicit wildlife products and live animals and it was the focus of the 4th Steering Committee Meeting of...
The European Union (EU) and the United States is raising concerns to Ethiopian authorities about the arrest of prominent opposition political figure Merrara Gudina (PhD). He was arrested on Wednesday evening from his house when he returned from a trip...
The Ministry of Foreign Affairs (MoFA) acquired two state ministers, appointed by Prime Minister Hailemariam Dessalegn. According to the information that Capital obtained Hirut Zemene, Director General of Business Diplomacy at MoFA, became the second female state minister in...
The National Export Coordination Committee (NECC) chaired by Prime Minister Hailemariam Desalegn found that steel traders have organized to pressure local steel manufacturers and as a result the investment commission has lifted duty free incentives for steel imports. The local...
Mogadishu, Somalia   An Ethiopian military leader is denying that the recent withdrawal of Ethiopian Troops from central Somalia's Hiran region has created a vacuum in the fight against Al-shabaab. During an exclusive interview with Capital in his Mogadishu office, Brigadier...

More beer near

Heineken Breweries S.C. inaugurated a 2.5 billion birr expansion at its Kilinto Brewery along the outskirts of Addis Ababa on Friday November 25. The expansion will enable the company to increase its annual production capacity to three million hectoliters....
Well heeled Turkish investors plan to accompany Turkey's Economic Minister Nihat Zeybekci to visit potential business locations in Ethiopia.  Ayalew Gobeze, Ethiopia's Ambassador to Turkey, told Ethiopian journalists there that the trip will take place in the coming month....
Getachew Reda , the previous  minster of the Government Communication Affairs Office  until last month has been assigned to direct the Justice and Legal System Research Institute(JLSYRI) which was previously led by Zadig Abrha. Before leading the Communication Affairs...
  The Cassation Bench of the Supreme Court has reversed a high court decision and is allowing international hotel chain InterContinental Hotels' (IHG) lawsuit against local hotel Intercontinental Addis to go forward. If they are victorious it would force the...
The Ethiopia Investment Commission (EIC) is criticizing insurance companies for failing to compensate companies whose properties were damaged last month during protests in Oromia and Amhara regions. “Some insurance firms have broken their promises which is unfair," Fistum Arega...
At a forum held in Addis Ababa sponsored by the African Refinery Association (ARA) the small profit margin for dealers was addressed as a problem that needs to be solved for the sector to move forward. During his presentation Tadesse...
Tensions remain high as protests have escalated since fatalities occurred on October 2 after the celebration of the Irrecha religious festival of the Oromo people at Bishoftu (Debre Zeit), 40km south east of the capital. Although the exact number...
Ethiopia lost around USD 9 million during an Internet shutdown that occurred between July 1, 2015 and June 30th 2016, a new study by The Brookings Institution, claims. The study authored by Brookings Vice President Darrell West states that in...
Sky Sports reported that Rooney spoke before the Slovenia match and made it clear that he had no intention of quitting international football. Southgate reaffirmed this by stating that the decision was a tactical one and that Rooney was...
The controversial Integrated Financial Management Information Systems (IFMIS) contract has been awarded to the consortium, Techno Brain Tanzania, which offered the lowest price to undertake the project for 125 government offices. The Ministry of Finance and Economic Cooperation (MoFEC), who...
Footwear Distributors and Retailers of America (FDRA) is showing an interest in purchasing Ethiopian Shoes for the US market. The 11 executive members of the Footwear Distributors and Retailers of America (FDRA), an association that represents 80 percent of the...
Azeb Asnake (Eng), CEO of Ethiopian Electric Power (EEP), and the enterprise she leads were recognized at the East African Power Industry Award held in Nairobi on September 22. Since joining the construction industry in 1986, she has worked her...
Less than two months remain until Marrakech, the tourist city of Morocco hosts the COP 22 climate conference. The committee which is being run by Said Benrayane, Ambassador Councilor to the Cop 22, has been making preparations, making sure...
Ethiopia’s four major petroleum supplying companies requested a revision of the profit margin on petroleum and petroleum products they distribute. National Oil Company Plc (NOC), Libya Oil Ethiopia, Total Ethiopia SC and YBP Petroleum, requested a fuel price margin...

Steel Confusion

Steel Confusion By Muluken Yewondwossen Small scale nail manufacturers have filed a letter with Prime Minister Hailemariam Desalegn and six ministry offices asking them to intervene on their behalf, because they say some individuals are using their name to lobby the government...
Local steel producers seem to finally be competitive with international importers but it’s much to the chagrin of the international firms. In a recent bid for 22,000 metric tons of steel, local manufacturing companies greatly outbid international suppliers. Players...
 Landmark homes to get a facelift At a cost of over 30 million birr, the Addis Ababa City Administration Culture and Tourism Bureau (AACTB)is to maintain Menelik II and Sebastopol monuments, located in the heart of Addis Ababa. The historical...
Ethiopia and Djibouti signed a deal with two Chinese firms to manage a joint railway line that will commence in the beginning of the coming New Year. After the bid evaluation the Chinese consortiums will undertake the operation and management...
The Ethiopian People’s Revolutionary Democratic Front (EPRDF) the ruling coalition may have new policy strategies and changes in the bureaucratic arena after the beginning of the new reform that the party says will take place in the coming Ethiopian...
The Ministry of Industry (MoI)  is presenting a document which requires  The Ministry of Finance and Economic Cooperation (MoFEC )  to  revise the  excise and  surtax  levied on  garments. Under the Excise Tax Proclamation No 307/2002  10 percent  of an...
Unknown number of people were injured from a fire that broke out in the Kilinto High Security Prison today. Seven fire trucks and two ambulances responded to the blaze. Until we went to the printing press three fire fighters...
After its five day meeting the executive committee of the ruling party the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) stated it will take another round of corrective measures inside the party. The party leaders who held a meeting from August...
In an exclusive interview with Capital FIA President Jean Todt said road traffic accidents cause a significant loss of human and economic resources in the country. Todt, who is also UN Special Envoy for Road Safety urged Ethiopia to put...
According to the Addis Ababa Fire & Emergency Prevention and Rescue Authority (AAFEPRA) 421 fire accidents claimed the lives of 111 people. That is a 56 percent increase from last year. Statistics released by the fire service indicated that 104...
Maternal and child mortality has gone down in Ethiopia but in the past 25 years the population has almost doubled to 100 million. Some worry that this will make it difficult to continue to fight poverty.  Family Guidance Association...
The Los Angeles based IT firm Transnational Computer Technology (TCT) filed criminal charges against staff of the Ministry of Finance and Economic Cooperation (MoFEC) under the claim that it was mistreated against the procurement and trade practice and consumer...
The need for countries to mobilize resources to combat public health emergencies was heavily underlined at the 66th session of the WHO Regional Committee for Africa that is being held at the United Nations Economic Commission for Africa. The...

Coffee talk 

Coffee continues to be Ethiopia’s golden export bringing in as much revenue as the sector can, given the market conditions. While Ethiopia produces some of the best coffee, the lack of quality, unfair market prices as well as low...
Ethiopia is set to host the 15th edition of the African Fine Coffee Conference and Exhibition from February 12 to 1, 2017. The event will be taking place at the Millennium Hall and over 2000 international industry traders; producers,...
The recently reinvented Air Djibouti plans to earn USD 750 million per year over the next five years. Although it was grounded in 2002 it reorganized itself in 2015 with the support of Cardif Aviation Ltd, St Athan, a Welch...
The Addis Ababa Housing Development Housing Project Office plans to study materials in order to find another option from the agro stone it currently uses to construct partition in condos. Agro stone is made up of Magnesium Sulphate, red soil,...
‘I was in an ambulance for the first time in my life…I saw my life passing…I knew in that moment I had to make a massive change…’ says Yene, or better known as Dr Yene Assegid, a renowned Leadership...
The port of Djibouti is congested with over 20 vessels carrying mainly Ethiopian fertilizer, grains and general cargos, Capital learnt. Earlier in 2016, being aware of the drought caused by Elnino, Djibouti Port officials were informing Ethiopian authorities of the...
In celebration of its 70th anniversary, Ethiopian airlines has been carrying out facility visit sessions for government officials, prominent business persons, celebrities as well as the media, among others. The airline that has had seven decades of experience has...
The Ethiopia-Algeria Business forum was held on May 15, 2017 at the Intercontinental Hotel with the collaboration of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) and the Ministry of Foreign Affairs in Ethiopia. The forum that aimed to...
A group of youth destroyed 166 tombstones in Ketchene Cemetery after they were told to not chew Khat in the area. A representative from the Ketchen Cemetery Development and Administration Office said the gang jumped over the graveyard wall...
The French Development Agency marks its 20th anniversary in Ethiopia. The Agency has financed several projects in Ethiopia such as the Bus Rapid Transit in Addis Ababa, the rehabilitation of the Addis Ababa landfill, and the Ashegoda wind farm. “This...

More housing

Gift Real Estate’s new 850 million birr village was inaugurated on May 13 after six years in the making. President Dr. Mulatu Teshome and Dr. Ambachew Mekonnen, Minister of Urban Development and Houses attended the ceremony. The homes include villas,...
The Korean Electric Power Corporation (KEPCO) stated that it is interested in working with the Ethiopian Government as well as private sector in the sector of power generation. According to Hwang Kwang-soo, Director General of the Export Cooperation Department...
Nyala Insurance observes the 3rd Ethiopian Insurance Brokers’ Day  Ethiopians purchase the least amount of life insurance policies in Africa. A thematic paper presented by Yared Mola, Chief Executive of Nyala Insurance S.C. (NISCO), on Ethiopian Insurance Brokers’ Day, organized and...
With the help community members the Oromia Ethics and Anti-Corruption Commission stopped the construction of 40 houses, banned 230,000 square meters of land and repossessed six different types of cars in connection with corruption cases. The blocked properties were...
The government of Kenya has placed controls on maize distribution in collaboration with millers to put a halt to rising prices.  Experts urged the Ethiopian government to work with exporters and expand exports of surplus maize. Currently the Ethiopian government...
  The Tigray Cultural and Tourism Bureau (TCTB), which was expected to announce a winner this month for Abraha Castle Hotel and Axum Touring Hotel canceled the bid.. The reasons given for the withdrawal include changing the technical evaluation and a...
The first partners Meeting of the Initiative for Food Security and Nutrition in Africa (IFNA) was held in Addis Ababa on May 18 and 19. IFNA which was launched in Nairobi during  August 2016 in order to help African Governments...