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PM, officials to testify before court

The Federal High Court ruled today that the prime minister, along with other prominent government officials should appear before the court as witnesses in the Bekele Gerba et al. case.

Securing the Federation

Kebede Chanie (L) and Lemma Megersa (R), former security chiefs of the Amhara and Oromia regional states, currently the Minister of Federal and Pastoralist Affairs and President of the Oromia region, respectively, after the conclusion of the National Security Council meeting that was held yesterday at the Office of the Prime Minister, which is located off Lorenzo Taezaz Street.

Khat trade to Somaliland normalizes

In an exclusive interview with The Reporter, Ambassador Kaysar A. Mohamed, vice-minister of Foreign Affairs of Somaliland, revealed that the temporarily interrupted Khat trade between Ethiopia and Somaliland is returning to normalcy owing to the calming down of the Somali-Oromia border conflict.

OIB enjoys rebound in profits

Rebounding from a slump in annual profits over the last couple of years, the Oromia International Bank ended the 2016-17 budget year with a 16.8 percent rise in net profits, to 217.6 million birr.

Forex shortage leaves Ethio Telecom in limbo

Shortage expected to linger: NBE governor Ethio Telecom, one of the largest state monopolies, has been able neither to undertake its main projects that it set out to perform during this budget year nor to pay its debts due to hard currency shortages in the country, CEO Andualem Admassie (PhD) said.

PM intercedes on tanneries’ behalf

Following intercession by Prime Minister Hailemariam Dessalegn, six tanneries shut down for flouting environmental standards resumed operation on Wednesday, The Reporter has learnt.

Chinese textile firm to set up shop here

Following an agreement between the Ethiopian Investment Commission (EIC) and the Chinese Wuxi No. 1 Cotton Investment Co. Ltd., a subsidiary of Wuxi Guolian Develoment Group, the textile manufacturer is set to install a plant inside the soon-to-be inaugurated Dire Dawa Industrial Park.