Samuel HabtabOctober 4, 202121

Signs bearing a flower and the words “New Beginnings” were seen across the capital ahead of Monday’s ceremony.

“I, Abiy Ahmed Ali, today in the House of People’s Representatives, accept the appointment as prime minister as I pledge to undertake responsibly and with faith to the constitution the responsibility placed upon me by the people,” he said while being sworn in by Supreme Court Chief Justice Meaza Ashenafi.

Photo Credit: Samuel Habtab


Samuel HabtabOctober 2, 202124

Irreecha, is a thanksgiving holiday celebrated at the end of the rainy season and beginning of sunny days. The Oromo people in Ethiopia celebrate Irreecha to thank the almighty Waaqa for the blessings and mercies they have received throughout the previous year. Beautified with special outfits and chants, the Oromo people head to nearby rivers in formation, holding flowers and grass. Oromo women, who have special power in the culture, lead the way to the rivers. Irreecha is celebrated all over Oromia. However, the biggest Irreecha celebration takes place in Bishoftu town about 44km outside of Addis Ababa. Addis Ababa, celebrated Irrecha for the third year today, after 150 years.

Photo Credit: Samuel Habtab



Samuel HabtabSeptember 28, 20218

Photo Credit: Samuel Habtab



Ashenafi EndaleSeptember 17, 202151

The Economic Commission for Africa (ECA) and International Chamber of Commerce (ICC) have jointly launched Centres of Entrepreneurship in Africa (CEA).

With strategic locations across Africa, the ECA – ICC Centres of Entrepreneurship will work with various stakeholders, including businesses, chambers of commerce, academic institutions, intergovernmental and governmental agencies, to connect local entrepreneurs to global markets and enhance regulatory conditions for SMEs to thrive.


Ashenafi EndaleSeptember 15, 202196

Ethiopia is in preparation to set up one stop border service with Eritrea, in a bid to utilize Assab port.

“we have prepared customs protocol and the Ethiopian government has already submitted it to the Eritrean ministry of foreign affairs. We have finalized every preparation on Ethiopian side and we are waiting responses from Eritrean side,” said Debele Kabeta, commissioner of Ethiopian Customs Commission (ECC).


Ashenafi AssefaSeptember 15, 2021128

African import-export bank has approved USD500 million, which will be shared among 18 commercial banks in Ethiopia.

“I have also asked Afrexim bank to open office in Ethiopia,” said Yinager Dessie, governor of National Bank of Ethiopia (NBE), after launching a two-day technical discussion between Afrexim and Ethiopian banks, on how to utilize and return the loan.


Ethiopian Business ReviewSeptember 15, 202151

The 100th edition of Ethiopian Business Review (EBR) magazine was colorfully celebrated at Radisson Blu hotel yesterday, on 14th of September 2021. 

The event was attended by Yonathan Tesfaye, Deputy Director-General of the Ethiopian Media Authority, Amare Aregawi, Executive Chairman of the Ethiopian Media Council, senior government officials, partner organizations, and invited guests.


Ashenafi EndaleSeptember 7, 202157

Libya Oil Ethiopia is tapping into side businesses as profit margins from fuel supply and retail in Ethiopia stagnate. With fuel companies discouraged, “we are focusing on partnerships with local banks and international food chains. Our target is to offer full packages with one-stop services at our fuel stations, in addition to fuel,” said Chokri Dridi, General Manager of Libya Oil Ethiopia Limited, which has over 160 petroleum stations across Ethiopia.

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