Finance Minister Ahmed Shide walked into Parliament on Thursday, June 11, 2026, with the largest budget bill the country has ever seen, a 2.34 trillion Br plan burdened by weight. Behind the record figure sits a federal government trying to servic...
Jun 14 , 2026
Ethiopian Airlines' effort to tame its largest operating pressure has taken it to Saudi Arabia, where the carrier is preparing a three-month fixed-price fuel deal less as a bet on cheaper fuel than a...
Jun 14 , 2026
Global Bank Ethiopia entered the last financial year as a mid-tier lender in an industry being reshaped by heavier capital rules, heightened competition for deposits and an increasingly explicit regul...
Jun 14 , 2026
The foreign exchange market opened the week with a contradiction. The National Bank of Ethiopia (NBE) withdrew from a forex auction after floating 100 million dollars, a decision that would normally h...
Jun 14 , 2026
A regulatory change presented by city transport officials as vehicle modernisation has landed in Add...
Jun 14 , 2026
Berhan Bank's three-year dispute with thousands of non-clerical workers over a housing allowance has...
Jun 14 , 2026
Bottled water, once a symbol of convenience and safety for most residents, has become a small but telling measure of economic stress. Inflation and supply shocks have driven up the retail price of bottled water, placing pressure on low-wage workers a...
Jun 14 , 2026
The recent policy decision to fully open freight forwarding to foreign capital may become yet another major test of the liberalisation drive of Prime Minister Abiy Ahmed's (PhD) Administration. It would also be a belated admission that the national e...
Jun 13 , 2026
Fortune: The African Union has made SAATM a priority for next year. Are you happy with the way the project is being handled by the AU and AFCAC? Kamil Al-Awadhi: The AU is talking about SAATM as a priority, but I do not think it will work the way it is being handled now. The AU nominated the proj...
Jun 7 , 2026
The average residential electricity price, in dollars, per kilowatt-hour (kWh) between 2023 and 2026. This placed Ethiopia at the very bottom of the global pricing spectrum, second only to Iran, where households pay about 0.003 dollars a kWh, the lowest rate in the world. Successive governments have also subsidised electricity to keep it affordable and expand access, particularly for lower-income households. The subsidy model, however, is being adjusted. The Ethiopian Electric Utility (EEU) has implemented a tiered tariff structure that charges customers according to consumption.
Jun 13 , 2026
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
Gedion Timothewos (PhD), minister of Foreign Affairs, argued in an OP-ED piece headlined, "Africa in a Fractured World", published in the Finance & Development (F&D) magazine of the International Monetary Fund (IMF).
A walk into the Ambassador Mall in Arat Kilo, on Niger St., then up to the third floor, opens into a large food court where versions of Addis Abeba's urban life sit side...
Jun 13 , 2026
Sep 17 , 2022
Sep 10 , 2022
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