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Sep 29 , 2025

Central Bank Introduces Interest-Rate Corridor to Steer Markets

The Central Bank has unveiled a formal policy interest rate regime and an interest rate corridor, mechanisms long considered foundational in modern central banking. Announced by the National Bank of Ethiopia (NBE) today, September 29, 2025, the change represent the most explicit articulation of m...

Sep 29 , 2025

Central Bank Tightens Monetary Policy, Pushing Credit Cap to 24pc

Eyob Tekalegn (PhD), the new governor of the Central Bank, has put his footprints, with the National Monetary Policy Committee's move to raise the lending rate ceiling for commercial banks, increasing it by six percentage points to 24pc, starting in September, 2025. Contrary to earlier policy signals under his predecessor, Mamo Mihretu, and market expectations, the Committee stopped short of a full lifting of the cap. The National Bank of Ethiopia (NBE) kept its policy rate at 15pc and maintained deposit and lending facility rates, along with the reserve requirement ratio. This signalled a...


Aug 18 , 2025

Fed Lifts Wage Bill to Record 560B Br as Public Servants Secure Historic Pay Rise

The federal government has announced a sweeping 160 billion Br salary increase for public sector workers, propelling the annual wage bill to an unprecedented 560 billion Br, nearly 29pc of the 1.92 trillion Br budget for the 2025/26 fiscal year. The decision, marking the most substantial pay hike in decades, sets the tone for fiscal policy in a political delicate environment strained by inflation and competing budget priorities. The revised salary structure raises the minimum wage for civil servants to 6,000 Br a month, up from 4,760 Br, while the upper threshold climbs to 39,000 Br, almost...


Aug 1 , 2025

Prime Minister Abiy Reshuffles Agriculture Portfolio, Taps Party Insider as Minister

In a reshuffle with both political and technocratic undertones, Prime Minister Abiy Ahmed (PhD) has appointed Addisu Arega Kitessa as the new minister of Agriculture, replacing Girma Amente (PhD), who is reportedly poised to assume a diplomatic posting abroad, according to sources familiar with the transition. Addisu, 48, arrives at the helm of the Agriculture Ministry with a background deeply rooted in the ruling Prosperity Party (PP) and the Oromia regional administration. A former head of the PP's Public & International Relations Division, Addisu is no stranger to the inner workin...

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Jul 17 , 2025

The Income Tax Bill Passes Without Major Changes

The Income Tax Bill Passes Without Major Change Parliament has passed the Income tax bill with five legislators voting against it and 12 others casting abstention votes. Several MPs raised their...

Jul 17 , 2025

The Income Tax Bill Passes Without Major Changes

Parliament has passed the Income tax bill with five legislators voting against it and 12 others casting abstention votes. Several MPs raised their concerns on the salary income tax while members of...

Jul 12 , 2025

Addis Abeba City Council Approves 350B Br Budget

The Addis Abeba City Council has ratified a 350 billion Br budget for the 2025/26 fiscal year. The two-day session included a detailed presentation by Deputy Mayor and Finance Bureau Head, Abdulkadir...

Jul 11 , 2025

Ethiopia Securities Exchange Open for Trading

Ethiopia officially launched its first securities trading platform today, marking a moment in the country's financial history. The Ethiopian Securities Exchange (ESX) began operations with the public...

Jul 3 , 2025

AfDB Pledges $50m Trade Backstop to Awash Bank, Targets SMEs

The African Development Bank's (AfDB) board approved today a 50 million dollars trade finance transaction guarantee for Awash Bank, the biggest private lender by paid-up capital. The facility trans...

Jul 3 , 2025

Parliament Passes a 1.9T Br Budget Bill, Unanimously

The federal legislative house has unanimously approved a 1.9 trillion Br budget bill for the 2025/26 fiscal year. This budget anticipates 1.2 trillion Br in funding from domestic revenues, with over ...

Jul 3 , 2025

IMF Warns Ethiopia on FX Market, Debt, Revenue Shortfalls Despite Growth Upside

Ethiopia's push for economic reform won a cautious vote of confidence from the International Monetary Fund (IMF) yesterday, as the Fund approved a fresh 262.3 million dollars disbursement under its...

Jun 30 , 2025

Central Bank Ends Treasury Bond Purchase Mandate

The National Bank of Ethiopia's.(NBE) Monetary Policy Committee (MPC) stopped asking commercial banks to buy treasury bonds, signalling a shift toward market-based debt financing. At its third mee...


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Textbook Shortages Mount as School Year Advances

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Central Bank Loosens Credit Reins But Stops Short of Bold Overhaul


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Central Bank Loosens Credit Reins But Stops Short of Bold Overhaul

Eyob Tekalegn (PhD) had been in the Governor's chair for only weeks when, on September 29...

Editorial | Oct 4 , 2025

TRADITION THRIVES AS COSTS CLIMB

As dawn broke over Addis Abeba last week, the city's arteries pulsed not with the usual we...

Featured | Oct 5 , 2025 . By REDIET YARED

Textbook Shortages Mount as School Year Advances

The school year in Addis Abeba began almost a month ago, yet across the capital, thousands...

Agenda |

Mesfin Rebrands to Overcome Wartime Shadow

In Meqelle, a name long associated with industrial grit and regional pride is undergoing a...

Fortune News | Oct 5 , 2025 . By NAHOM AYELE