Education Authority Revokes Licenses of 52 Private Colleges
The Federal Education and Training Authority (ETA) has revoked the licenses of 52 private colleges for failure to comply with regulatory standards. Among them are...
NBE Caps External Auditor Tenure for Insurers at Six Years
The National Bank of Ethiopia (NBE) has limited the amount of time an external auditor can work with an insurer to a maximum of six years...
Ethiopia, Russia Advance Industrial Cooperation, Explore Joint Manufacturing Plans
Ethiopia and Russia have agreed to expand industrial cooperation and explore joint production initiatives following high-level meetings held yesterday in Addis Ababa during an...
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AU Designates Jakaya Kikwete as High Representative in Horn and Red Sea
The Chairperson of the AU Commission has appointed former Tanzanian President Jakaya Kikwete as the AU High Representative for the Horn of Africa and...
US to Require Visa Bonds for Some Ethiopian Travelers
Ethiopian business travelers and tourists will now be required to post bonds of up to USD 15,000 to obtain short-term visas under a pilot...
“Investment Deal Book” Features Ambitious Target for Dire Dawa Trade Zone
Federal officials expect to see the Dire Dawa Free Trade Zone facilitate USD four billion in trade volume over the coming five years, according...
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Ethiopian Airlines to Lease Two Next-Generation Converted Freighters From AerCap
Ethiopian Airlines has agreed to lease two Boeing 777-300ER converted freighters from AerCap Holdings N.V., in a deal that will introduce the aircraft type...
International Schools Probe Alternatives to Ministry’s Foreign Student Threshold Rules
International schools in Addis Ababa seek an alternative to a new rule from the Ministry of Education requiring them to shift to the local...
NBE Pushes for Bank Consolidation, Spotlights Market Share Disparity
Regulators at the National Bank of Ethiopia (NBE) are pushing commercial banks to consolidate, citing in a new report that 25 of the country’s...
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Education Minister Cedes EZEMA Party Leadership
The members of Ethiopian Citizens for Social Justice (EZEMA) removed Education Minister Berhanu Nega (Prof.) from party leadership during an emergency meeting today, replacing...