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Apr 25 , 2025

Ethio telecom's IPO Raises 3.2b Br in Landmark Offering, But Misses Ambitious Target

Ethio telecom, the state-owned telecommunications giant, raised 3.2 billion Br from its landmark initial public offering (IPO), closing on February 14, 2025. The IPO, the first of its kind in the country, offered investors 10.7 million shares. Prime Minister Abiy Ahmed (PhD) unveiled the IPO on O...

Mar 25 , 2025

Monetary Policy Committee Maintains 18pc Credit Cap as High Living Cost Rattles Economy

Central bank reaffirmed its decision to maintain a credit growth cap of 18pc, signaling its commitment to tightening monetary policy amid persistent inflationary pressures, high cost of living and uncertainty over the economic outlook. In a move that signalled the authorities' continued resolve to dampen excessive lending, the monetary policy committee under the National Bank of Ethiopia (NBE) blamed lingering inflation concerns - 19.9pc year-on-year (YoY) - and liquidity imbalances behind extending the cap. Bank executives and analysts say the decision believe regulators are determined...


Mar 21 , 2025

CBE, Wegagen Bank Launch First-ever Investment Banks

The CBE SC Capital Investment Bank and Wegagen Capital Investment Bank SC (WCIB) become Ethiopia's first licensed investment banks. Majority-owned by Wegagen Bank with a 75pc stake, WCIB plans to offer advisory, brokerage, and underwriting services. The remaining shares are held by various stakeholders, including Africa Insurance Company with five percent stake. The new investment bank begins with an initial capital of 358 million Br. Wegagen Bank shareholders approved amendments during a recent general assembly to facilitate the incorporation of this new subsidiary. Brutawit Dawit ha...


Mar 20 , 2025

Abiy Rejects War Over Red Sea Access, Eyes Peaceful Path

Prime Minister Abiy Ahmed (PhD) declared Ethiopia has no intention of waging war with Eritrea to secure maritime access, signalling his Administration's preference for diplomatic engagement over armed confrontation. His remarks, delivered to Parliament today, received applause from lawmakers and emphasised what he called the country's “existential” stake in reaching the Red Sea. “We desire an engagement,” Abiy told Parliament. “The Red Sea is an existential issue for Ethiopia.” He argued that with a population of over 100 million people, the country should not be denied a...

Breaking News

Mar 14 , 2025

Ethiopia Seeks Foreign Capital in Bold Push to Unseat Logistics Monopoly

Three companies have received licenses to enter Ethiopia's multimodal logistics sector, marking another step in the federal government's push to open the industry to private and foreign participation...

Dec 5 , 2024

Parliament Passes Sweeping Real Estate Law to Regulate Distressed Property Market

Federal legislators have passed a landmark real estate law imposing strict regulations on property valuations and market practices, pledging to protect buyers and bring clarity to the otherwise disres...

Nov 27 , 2024

IMF Nears Approval of $251m Loan to Ethiopia

The International Monetary Fund (IMF) is close to approving a 251-million-dollar loan to Ethiopia, applauding "progress in the economic reforms," which saw the exchange rate shift toward a market-dete...

Nov 14 , 2024

Authority Rolls Out IPO Rules in Ambitious Push to Rein Confidence in Capital Market

The Ethiopian Capital Markets Authority (ECMA) has approved a long-awaited directive governing initial public offerings (IPOs) and trading of shares and securities, a landmark step toward establishing...

Nov 8 , 2024

Days of Easy Merchandise Imports via Franco Valuta Over

Ahmed Shide, minister of Finance, has banned merchandise imports under the Franco Valuta scheme, a system that allows importers to use their foreign currency without involving the central bank. The ba...

Oct 19 , 2024

IMF Unleashes Lifeline for Ethiopia, But Foreign Exchange Woes, Debt Talks Cast Long Shadows

The International Monetary Fund (IMF) has approved a 340.7 million dollar disbursement to Ethiopia, marking the first installment of a four-year, 3.4 billion dollar credit facility to stabilise the fr...

Oct 16 , 2024

Ethio telecom Launches Historic IPO for 10pc Stakes

The state-owned Ethio telecom has launched the first Initial Public Offering (IPO) in half century, floating 10pc of its shares to the public. Attended by Prime Minister Abiy Ahmed (PhD), at the Shera...

Oct 9 , 2024

Gas Stations Brace for Price Surge as Fed Scales Back Subsidies

The federal government announced a rise in retail fuel prices, adjusting a litre of benzene to 91 Br and diesel to 90 Br. Retail fuel prices have surged dramatically over the past five years, drive...


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Benjamin Franklin famously quipped that “nothing is certain but death and taxes.” Yet...

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Featured | Apr 19 , 2025 . By BEZAWIT HULUAGER

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Key Takeaways: The Ministry of Justice's directive plans to enforce pro bono work amo...

Fortune News | Apr 28 , 2025 . By NAHOM AYELE