The grandchildren of Emperor Haileselassie paid 25 million Br, which they secured from Dashen Bank, required for the return of the Wabi Shebelle Hotel from the Privatisation and Public Enterprises Supervision Agency (PPESA) last week.
Girmay Gebremichael, the major shareholder and managing director of Askallukan Trading P.L.C. who was suspected of defrauding 45 million birr from over 1,200 people in connection with the 2010 FIFA World Cup, was arrested in Frankfurt, Germany, on Monday, it was learnt.
Ethiopian Airports Enterprise said, it will undertake a 460 million Birr ($27.9 mil) expansion work at Addis Ababa Bole International airport. The project will increase the aircraft parking capacity from 18 to 43.
The Arada District Trade and Industry Office sealed off 20 produce shops in Atkilt Terra, the biggest fruit and vegetable market in Addis Abeba, two weeks ago over claims of price gouging, trading without a proper licence, and hoarding.
Addis Ababa City Roads Authority signs deal for the design of a designated bus lane.
City administration adopts new Urban Development Plan, plans to implement previously made plans.
The followers of the Ethiopian Orthodox Church lit a big bone fire (Demera) in commemoration of the Finding of the True Cross by Empress Eleni yesterday at the Meskel Square in Addis Ababa.
The construction of the Addis Ababa-Adama Expressway would open a new chapter in the history of the country.
Bethlehem Tilahun Alemu becomes the first African entrepreneur to be invited in this yearly event. She will join with other top attendees like US First Lady Michelle Obama, US Secretary of State Hilary Clinton, Sinn Féin President Gerry Adams, former Heads of State, CEOs, philanthropists, leaders of NGOs, academicians and prominent members of the media.
The Addis Ababa City Administration’s, Yeka Sub City, has demolished 57 residential houses that are “illegally” constructed after and during the 2005 national election. The tenants who left their houses last Monday told Capital that some of the tenants have started to live in temporary plastic houses around the demolished area.