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May 23 , 2026

Ethiopia, Djibouti Explore New Petroleum, Gas Pipeline Network

Djibouti President Ismail Omar Guelleh held talks with Brook Taye, head of Ethiopian Investment Holdings (EIH), over planned cross-border energy infrastructure projects linking the two countries. During a meeting held in Djibouti on Wednesday, Brook said Ethiopia and the Dangote Group are prepari...

May 25 , 2026

MOENCO Introduces BYD Shark 6 as Hybrid Demand Gains Ground

Motor & Engineering Company of Ethiopia (MOENCO), the sole authorised dealer for BYD in Ethiopia, officially launched the BYD Shark 6, a plug-in hybrid electric vehicle (PHEV) pickup truck, at the Science Museum in Addis Abeba on May 22, 2026. The high-profile launch drew senior government officials, industry leaders, and representatives from BYD. Unlike the fully electric models previously introduced by MOENCO, the Shark 6 combines electric and fuel-powered performance to navigate both congested urban roads and the country's rugged rural terrain. Company executives said the vehicle's a...


May 23 , 2026

Addis Abeba Relaxes Procurement Restrictions to Prevent Health Crisis

The Addis Abeba Finance Bureau has partially lifted its city-wide procurement freeze, exempting life-saving medical supplies from a fourth-quarter spending ban. The bureau had earlier imposed a sweeping restriction on municipal expenditure to enforce fiscal discipline and curb end-of-year budget pressures across public institutions. However, the blanket freeze raised concerns within the health sector, with hospitals warning of shortages in essential supplies. Officials acknowledged that restricting procurement of medicines, laboratory chemicals, and reagents could pose risks to public he...


May 23 , 2026

Lawmakers Warn Contractors Over Cost Overruns, Project Delays

The Standing Committee for Urban, Infrastructure & Transport Affairs of the parliament has urged stricter enforcement of timelines, budgets, and quality standards in public construction projects across the country. The recommendation followed field inspections conducted by the committee at several sites overseen by the Ethiopian Construction Authority(ECA), including developments at the Federal Supreme Court, the Federal Documents Authentication and Registration Service (DARS), the Ethiopian Civil Aviation Authority(ECAA), and Kotebe University. Committee Chair Mohamed Abdo said gove...

May 23 , 2026

Ethiopia, Dubai Record Sharp Rise in Non-Oil Trade

Non-oil trade between Ethiopia and Dubai reached 22.3 billion UAE dirhams in 2025, marking a sharp year-on-year increase of 236.6pc. The figures were announced following a trade mission to Addis Abeba that brought together Ethiopian and Dubai-based companies for bilateral meetings aimed at expanding investment and commercial partnerships across multiple sectors. The “Dubai–Ethiopia Business Connect” forum was organised in collaboration with the Ethiopian Investment Commission(EIC), the Ethiopian Chamber of Commerce and Sectoral Associations, (ECCSA) the Addis Abeba Chamber of Comme...

May 23 , 2026

Trade Minister Links Export Growth to Economic Reform Drive

Trade & Regional Integration Minister Kassahun Gofe says export earnings have more than quadrupled over the past eight years, reaching 8.7 billion dollars in the first 10 months of the current fiscal year. He made the remarks during the inauguration of upgraded digital systems and service facilities at the Ethiopian Standards Institute in Addis Abeba, linking the performance to ongoing economic reforms and improved trade facilitation. The Ethiopian Standards Institute also unveiled new digital transformation projects alongside modernised facilities, including a conference hall with a...


May 23 , 2026

Prime Minister Inaugurates New Ceramic Factory in Mojo

Prime Minister Abiy Ahmed and senior officials have inaugurated the Grandeur Ceramic manufacturing plant in Mojo town, a new facility aimed at boosting domestic production of ceramic and porcelain tiles. Built by Grandeur Ceramic Manufacturing PLC on 300,000 square metres of land, the plant became operational nine months after construction began. It currently produces 60x60 ceramic tiles and is set to add additional sizes, including 80x80, 60x120, 70x140 and 80x160, within the next two months. The factory, developed with over two billion birr in investment, will also produce porcelain pr...

May 23 , 2026

Mining Sector Reports Strong Output, Investment Growth

The Amhara Regional State mining sector says mineral-based import substitute products worth over 246.1 million dollars were produced in the first nine months of the current fiscal year. Bureau spokesperson Zenaw Abebe said 18 mineral exploration projects were completed this year in partnership with regional higher education institutions, identifying deposits used in construction, metal industries, precious minerals and energy production. Officials added that findings have been shared with investors, with 169 mining projects receiving licences over the period...


Radar

May 17 , 2026

Land Bureau Collects Billions in Revenue, Penalties From Developers

The Addis Abeba Land Development & Administration Bureau has collected 13.1 billion Br in revenue over the past ten months from lease payments and related charges. Berhane Kebede, team leader f...

May 17 , 2026

Afar Drought Resilience Programme Receives German Finance

German's Economic Cooperation and Development ministry, through the Development Bank, has allocated 17 million euro to support a drought resilience project, with 15 million euro provided by the German...

May 17 , 2026

Ministry of Education, Huawei Introduce Offline AI Support System

The Ministry of Education has partnered with Huawei to launch a pilot AI teacher assistant system integrated directly into the national curriculum. Designed to provide instructional support, the initi...

May 17 , 2026

River Restoration Plan in Addis Abeba Receives Support

Ethiopia and Italy have signed a €5 million grant agreement to finance the Qebena Tributaries Riverside Development Project in Addis Abeba. Signed on May 14, 2026, the project will be implemented...

May 17 , 2026

Awash Bank Launches First Round of Seed Sector Grant Initiative

Awash Bank has disbursed over 137 million Br under its Guarantee to Grant (G2G) Facility, supporting 12 private seed companies to expand access to agricultural finance. The initiative, implemented...

May 17 , 2026

Chinese Renewable Energy Giant Secures Ethiopia Investment Licence

The Ethiopian Investment Commission (EIC) has issued an investment licence to China's Ming Yang Smart Energy Group, formalising a revised 14.17 billion dollar renewable energy project. The company...

May 17 , 2026

Commission Reports Strong Revenue Growth, Contraband Seizures

The Ethiopian Customs Commission has collected 600.23 billion Br in revenue over the past ten months, slightly exceeding its target of 598.8 billion Br and achieving 100.22pc performance. Commissio...

May 9 , 2026

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings,...

May 9 , 2026

Federal Housing Corporation, Central Equatoria State Sign Housing Coorporation Deal

The Federal Housing Corporation and the government of Central Equatoria State in South Sudan signed a Memorandum of Understanding in Juba on May 5, 2026, to collaborate on housing development projects...

May 9 , 2026

Chapa Enables Remote National ID Payments

Digital payment platform Chapa said its system has supported the issuance of more than 3.5 million National IDs, processing over 1.27 billion Br in transactions. The figures were shared during a recog...

May 10 , 2026

ECX, Nigerian Counterpart Seal Deal on Commodity Market Development

The Ethiopia Commodity Exchange (ECX) and Nigeria's Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) signed a deal in Addis Abeba on May 7, 2026, to cooperate on agricultural trad...

May 10 , 2026

Capital Market Deepens as ESX Onboards Investment Banks

The Ethiopian Securities Exchange (ESX) has admitted First Addis Investment Bank and Siinqee Investment Bank as trading members after both secured licenses from the Ethiopian Capital Market Authority...

May 10 , 2026

TerraPay, Quantoz, Coop Bank Launch Cross-Border Remittance Solution

The Cooperative Bank of Oromia, in partnership with TerraPay and Quantoz, has launched the COOP REMIT mini-application to facilitate euro-denominated remittance flows from Europe. The system combin...

May 3 , 2026

Parliament Ratifies New External Finance for Reform

Federal lawmakers have approved loan agreements totaling 190 million euros with the French Development Agency (FDA) and the European Investment Bank (EIB). Of this, a 110 million euro loan comes fr...

May 3 , 2026

Agriculture Ministry Reports Billions in Seedlings Ahead of National Campaign

The Ministry of Agriculture says it has prepared 8.1 billion seedlings for the upcoming summer nationwide tree-planting campaign, according to its nine-month performance report. The Ministry also repo...

May 3 , 2026

City Launches Addis Mesob Centres to Overhaul Public Service Delivery System

Addis Abeba City Administration has begun rolling out the Addis Mesob One-Stop Service Centres, aimed at improving public service delivery and addressing governance challenges affecting efficiency. Ma...


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Commentaries | May 23,2026

Red Gold Makes the Case for Smarter Agri Business Strategy

Life Matters | May 23,2026

When Problem-Solving Fails Because the Shape Looks Different

My Opinion | May 23,2026

Global Water Cycle Critical Shared Infrastructure

Sunday with Eden | May 23,2026

A Ball, A Father, A Life-time of Memory

Agenda | May 23,2026

When Bread Becomes Too Costly for Breakfast

Editorial | May 23,2026

Tax Push Tests How Much Pain Taxpayers Can Bear


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Tax Push Tests How Much Pain Taxpayers Can Bear

An International Monetary Fund (IMF) team has spent weeks in Addis Abeba conducting the fi...

Editorial | May 23 , 2026

Betrothal Ritual Falls Prey to the Event Economy

When Abigiya Tewodros sat for her traditional bethrothal intercession, locally known as "S...

Featured | May 17 , 2026 . By HELINA HADGU

When Bread Becomes Too Costly for Breakfast

For Helen Mekonnen, 45, bread has become the measure of how far a household income can str...

Agenda | May 23 , 2026 . By HELINA HADGU

Africa’s Financial “Spaghetti Bowl” Meets Its Would-Be Untanglers

Brazzaville - Congo Few institutional metaphors are less flattering than the “spaghet...

Fortune News | May 28 , 2026 . By TAMRAT G. GIORGIS