Main News

Board members of Boeing will pay 237 million dollars settlement for turning a blind eye to safety issues when they greenlighted 737 max airplanes whose crashes in Ethiopia and Indonesia caused 20 billion dollars damage to aviation company. The settlement will be paid by insurers covering Boeing’s directors and executives and it will be handed […]

Petroleum suppliers are the latest to be exempted from the loan freezing imposed since August 2021. The exemption has been made after the Ethiopian Petroleum Supply Enterprise notified the officials of the National Bank of Ethiopia that the freezing is impacting the oil supply. While it does not apply to petroleum dealers, more than two

Addis Abeba City Administration identfied 20 marketplace areas to organize bazzars for suppliers of agricultural commodities and agro-industry items as a part of an effort to curb the growing inflationary pressure in the capital. Expected to be held every week, the bazzar is hoped to enable residents buy consumable items for an affordable price. It

The price of onion skyrocketed to as high as 60 Br a kilogram, twice the price registered before the Ethiopian New Year holiday. It came as a shock for consumers who is experiencing the worst inflation in a decade, hitting 30% last month. A major setback for the government implementing a wide range of administrative

Ethiopia requests a new credit arrangement to access 1.5 billion dollar concessional loan from the IMF following the expiry of a 1.5 billion dollar loan facility approved to the East African country almost two years ago. Upon the approval of the fund, this will give Ethiopia access to concessional poverty reduction & growth trust resources,