Wegagen Bank, lined up to become the first company to list on the newly launched Ethiopian Securities Exchange (ESX), has cleared a key milestone in its quest to go public. On January 10, the Bank registered with the Ethiopian Capital Market Authorit...
Jan 12 , 2025
Ethiopia's key industries are battling the contraband trade. Leaders from tobacco, coffee, livestock, and pharmaceutical sectors have called for urgent government intervention to combat the threat. ...
Jan 12 , 2025
The Brewed Buck's relentless downward drift against a basket of major currencies showed little sign of slowing as the new year began last week. The Birr's value against the Dollar was kept under 1...
Jan 12 , 2025
Hijra Bank's year-end financial report for last year reveals a noteworthy leap in profitability, with a net profit climbing more than four times its previous year's record. Industry observers, aware t...
Jan 12 , 2025
An alleged shareholder of Sunpay Solutions S.C., Bruck Fikre, has filed a lawsuit seeking the recove...
Jan 12 , 2025
Plastic manufacturers are pushing back against a bill banning single-use plastic bags, warning i...
Jan 12 , 2025
An abrupt legal dispute has thrust the Addis Abeba Chamber of Commerce & Sectoral Associations ...
Jan 12 , 2025
Daniel Megersa, a butcher in Addis Abeba's northern Asko area, has watched his in-home slaughtering business decline sharply in recent years. Once overwhelmed by customer calls during holidays like Genna (Christmas), Daniel now faces dwindling demand...
Jan 12 , 2025
A severe cash shortage squeezes the economy, and the deposit-to-loan ratio has slumped below 80pc, hitting its lowest point in decades. The scarcity of credit, often termed a credit crunch, has a strangling effect on the economy. Few businesses secur...
Ten entrepreneurs reveal the ups and downs of building businesses. From turning coffee waste into oil products to digitizing traditional equb, they share how personal experiences, local problems, and ideas shaped their startups. Their toughest obstacles include lack of funding and skepticism from cl...
Jan 5 , 2025
The volume of capital mobilised in Birr from 23 new investment projects operationalised during the fourth quarter of 2023/24. Although the projects' number registered a 91.7pc growth compared to the same period the previous year, it plummeted by 86.2pc in the value of cumulative investment capital. The mismatch could show a surge in low-capital or micro-scale ventures dominating the market, possibly due to tightened credit conditions or risk aversion among larger investors.
Jan 12 , 2025
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...
Oct 3 , 2020
Abdulhakim Mulu (PhD), state minister for Trade & Regional Integration (MoTRI), announced last week that the federal government would fully phase out its longstanding fuel subsidies. Despite hiking retail prices by 10pc last week, a rise that pushed the cost of a litre of benzene beyond the 100 Br mark, federal authorities continued to spend around 300 billion Br subsidising the import and distribution of petroleum products.
When a couple of old elementary school friends started chatting on WhatsApp, I was curious but unsure what they were planning. Soon, they created a group named after our elementary school an...
Jan 11 , 2025
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