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Nov 2 , 2025 . By SURAFEL MULUGETA

Power Co. Unleashes Tariff Shock Rattling Crypto Mining Industry

The burgeoning data mining industry is struggling with mounting concerns following the Ethiopian Electric Power's (EEP) unveiling of a comprehensive overhaul to its electricity tariff rate. The new pricing policy, set to take effect on December 1, 2025, specifically targets the growing cohort of...

Nov 2 , 2025

SHARIA-COMPLIANT BANKS WIN REPRIEVE, AWAIT REFORM

The National Bank of Ethiopia (NBE) has scrapped the credit-growth ceiling that had stifled the four fully Sharia-compliant banks for more than two years. The reversal frees these banks from a rule that had previously limited their annual loan expansion across the industry as they sought to establish themselves in a market dominated by interest-based finance. Born out of the 2019 law, the quartet - ZamZam, Hijira, Shabelle and Rammis - operates under Islamic principles that forbid charging or paying interest, cutting them off from the government bond, Treasury bill and interbank markets that o...


Nov 2 , 2025 . By YITBAREK GETACHEW

Berhan Bank Puts Skyscraper on Hold

Berhan Bank has chosen a different route in its pursuit of a new headquarters, opting for a transitional building instead of constructing a grand and permanent home. The decision, backed by the Bank's shareholders, was made after months of deliberation and years of delays that have left some shareholders frustrated and sceptical about the Bank's ability to execute long-term plans. Executives at Berhan Bank maintain that the time is not right to break ground on a sprawling head office, a project they say would strain current resources and divert attention from the more pressing priority o...


Nov 2 , 2025 . By BEZAWIT HULUAGER

At Nib Bank, a House Divided Over Billions Lost

Nib International Bank S.C. has found itself at the epicentre of a severe governance crisis, which exploded into public view during a contentious general assembly held at Millennium Hall on October 25, 2025. Allegations of foreign exchange losses, governance breakdown, and deep internal divisions shocked shareholders and cast a long shadow over the Bank's future. The 2024/25 financial year proved fateful for Nib Bank, which posted a 4.4 billion Br loss in foreign exchange transactions and a 2.9 billion Br net loss, wiping out profitability and rattling shareholders' confidence. Addressin...

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Oct 25 , 2025

Addis Abeba Education Bureau Rolls Out Cluster Classes

Officials of the Addis Abeba's Education Bureau have embarked on an ambitious experiment to address the city's deep-seated educational disparities and national exam performance issues. They want to...

Oct 26 , 2025

Investment Shifts from Blanket Tax Breaks to Performance-Based Incentives

The federal government is making a landmark shift in its investment incentive regime, moving away from broad-based tax holidays toward a performance-based and sector-specific framework. The changes ar...

Oct 29 , 2025

Central Bank to Put a Leash on Power Plays in Banking

The National Bank of Ethiopia (NBE) is preparing to issue a directive that will fundamentally alter how bank shares are transferred and owned. For the first time, there will be a limit, two percent...

Oct 26 , 2025

Eviction Edict Leaves Book Vendors Adrift in Cultural Landmark District

A community of booksellers shadowing the Ethiopian National Theatre has been jolted by a sudden eviction order, stirring uncertainty over their livelihoods and the literary life of the capital. The de...

Oct 26 , 2025

Ethiopian Airlines Turns to Homegrown Biofuel in Bold Push to Green the Skies

Ethiopian Airlines is embarking on a potentially transformative shift in its fuel supply chain, targeting a five percent replacement of imported fossil-based aviation fuel with domestically sourced Su...

Oct 18 , 2025

Addis Abeba Raises Health Insurance Fees as Fiscal Pressures Mount

In a sweeping reform that upends nearly a decade of uniform health insurance contributions, Addis Abeba's health authorities have introduced an income-based premium system, ending the flat 1,500 Br an...

Anti-Junk Food Bill Rolls Out, Ban Towards Ads at Hand

A bill that could transform the nutritional state sits in a limbo, even as the country faces an escalating epidemic of noncommunicable diseases (NCDs). First tabled in October 2025, the draft law p...

Oct 18 , 2025

Taxi Drivers Hit Brakes on Emissions Push as Costs Mount

A long-planned directive to curb carbon emissions from fossil-fuel-powered vehicles has sparked fresh concern among thousands of taxi drivers struggling with the costs and practicalities of compliance...

Oct 18 , 2025

Authority Tightens Purse Strings on Capital Market Players

Transaction advisors working with companies that hold over a quarter of a billion Birr in capital are required to maintain at least eight million Birr in paid-up capital, while those advising companie...

Oct 18 , 2025

Service Launches First National Business Census While Private Sector Remains Concerned

A federal statistics service has kicked off a sweeping census to count every business in the country, the first attempt by authorities to document the full range of economic establishments. Led by...

Oct 18 , 2025

Ministry Launches Carbon Market Push for Climate Finance's Development Lifeline

The federal government is preparing to build a carbon market from scratch, an ambitious bid to place Ethiopia on the global climate finance map. The new 10-year National Carbon Market Strategy, unv...

Oct 12 , 2025

TOMATOES TASTE OF INFLATION

Tomato prices in Addis Abeba have surged to unprecedented levels, with retail stands charging between 85 Br and 140 Br a kilo, nearly triple last year's rates. Premium varieties such as Gelila fetch ...

Oct 12 , 2025

Ministry Shifts Gears as Number Plate Change Fuels Debate

A sweeping change in the vehicle licensing system has tilted the scales in favour of electric vehicle (EV) owners and public transport operators, while levying heavier costs on drivers of fuel-powered...

Lawyers Threaten Legal Action Over Controversial VAT Registration

A simmering dispute between the legal profession and the federal government is nearing a breaking point, as the Federal Bar Association, a 500-strong organisation, signalled its intent to sue the Mini...

Oct 12 , 2025

Storm in the Valley Leaves Flower Exporters Face a Multimillion-Dollar Blow

A violent storm that ripped through the flower belt of Bishoftu (Debreziet), 45Km east of the capital, in early August has left the lucrative horticulture export sector reeling, with damages estimated...

Oct 12 , 2025

Etihad, Ethiopian Forge HighFlying Pact in a Battle for the Skies

An evolving joint venture between Etihad Airways and Ethiopian Airlines is shaping up to be a force in Africa–Middle East aviation, with the potential to unlock over 400 million dollars in annual re...


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Central Bank Misses the Mark on Forex Market Speculation

The National Bank of Ethiopia (NBE) issued a statement two weeks ago that appeared to be a...

Editorial | Nov 1 , 2025

They Melt Batteries to Make a Living, Inhale Poison Without Knowing

On a sun-dappled stretch of Swaziland St., near St. Paul Hospital, north of Addis Abeba, w...

Featured | Nov 2 , 2025 . By REDIET YARED

Central Bank Lifts Lending Limits on Sharia-compliant Banks

The National Bank of Ethiopia (NBE) has reversed a policy that had weighed on the four ful...

Agenda | Nov 2 , 2025 . By NAHOM AYELE

SHARIA-COMPLIANT BANKS WIN REPRIEVE, AWAIT REFORM

The National Bank of Ethiopia (NBE) has scrapped the credit-growth ceiling that had stifle...

Fortune News | Nov 2 , 2025