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Jul 20 , 2025 . By AMANUEL BEKELE

Awash Bank, M-PESA Launch Digital Overdraft Service

Awash Bank has partnered with M-PESA Ethiopia to introduce "Errif be M-PESA," which means "rest with M-PESA" in Amharic. This digital overdraft service allows users to complete transactions even when their wallet balances are insufficient. Launched through a strategic agreement, this initiative is d...

Jul 22 , 2025

Revenue Drive Intensifies Following 900 Billion Br Milestone

The Minister of Revenue announced plans to collect 1.28 trillion Br in the upcoming fiscal year. This announcement was made during a discussion forum organised by the Ministry of Revenue (MoR) and the Customs Commission, which included senior leaders, employees, and relevant stakeholders. The event, themed "We will achieve our mission through coordinated leadership and active participation of employees," served as the platform for this important announcement. According to the ministry, they successfully achieved 100pc of their target for the current fiscal year, collecting 900 billion Br. ...


Jul 22 , 2025

Parliament Endorses Electoral Law Change Tying Party Support to Member Contributions

Federal legislators have ratified a contentious amendment to the Ethiopian Electoral, Political Parties' Registration, and Elections Code of Conduct Proclamation, revising the criteria political parties must meet to access government funding. The revised proclamation requires political parties to secure at least 20pc of their income from membership contributions in order to qualify for government grants. The clause passed with a majority vote in parliament, with two votes against and four abstentions, following a heated debate over its implications. Among members of parliament, concerns...


Jul 20 , 2025 . By AMANUEL BEKELE

City Unveils Major School Expansion Across 11 Districts

Addis Abeba City Administration has launched 150 education projects valued at over 5.2 billion Br ahead of the 2026 academic year. Spread across the capital's 11 districts, the rollout includes 14 newly built schools and upgrades to 64 existing facilities, adding 1,655 classrooms alongside ICT labs, libraries, and sports fields. City officials say the investment is part of efforts to improve access and quality of education, with infrastructure designed to accommodate students with disabilities. Built to modern standards, the facilities are expected to ease overcrowding and enhance learning...

Jul 20 , 2025 . By AMANUEL BEKELE

Santim Pay Launches Locally Assembled POS Machines

Santim Pay Financial Solution S.C. has begun assembling Point of Sale (POS) machines in Ethiopia, with its new facility assembling up to 300 units daily. The devices run on locally developed software and are priced below imported alternatives. Directed towards domestic commercial institutions, the move supports digital payment growth while reducing dependency on foreign suppliers. The company has also launched repair services to boost device durability and service availability. The fintech company officially launched its locally assembled Point of Sale POS machines at the Ethiopian Museum of A...

Jul 20 , 2025 . By AMANUEL BEKELE

KEFI Confirms Key Milestones, Kickstarts Tulu Kapi Resettlement

The London-listed KEFI Gold & Copper has initiated the community resettlement process for their Tulu Kapi gold project found in the West Welega Zone. Funded from KEFI's own reserves ahead of broader project financing, underscoring the urgency to commence full development. Resettlement is being implemented by the Ethiopian government under World Bank standards. The announcement was made during a mining forum held at the Ethiopian Embassy in London, which was co-hosted by the British Embassy in Addis Abeba and KEFI. During the forum, KEFI confirmed that it has met all three key preconditi...


Jul 20 , 2025 . By AMANUEL BEKELE

Land Bureau Accelerates Plot Delivery, Exceeds Annual Plan

Addis Abeba's Land Development & Management Bureau recently reported that it prepared 1,450 hectares of land in the last fiscal year, significantly exceeding its original plan of 627.08 hectares. The designated plots are intended for projects that are prioritised at the national level, as well as for social services. Notably, 349.4 hectares have been allocated for individuals relocated due to development. The Bureau transferred 749.4 hectares of land, which is above the target of 550 hectares. Officials have stated that the processes of land preparation and allocation are ongoing and dynam...

Jul 20 , 2025 . By AMANUEL BEKELE

Bureau Modernises Urban Land Access Systems

Addis Abeba's Land Development & Management Bureau disclosed issuing 40,156 digital landholding certificates in the current fiscal year. Of these, over 18,104 were granted to farmers and their heirs in a move to resolve long-standing land claims. The Bureau mentioned that transitioning from paper-based to tech-enabled services has significantly improved delivery, aided by regular field support to sub-city offices. Additionally, 38 farmers' agricultural projects were assessed and cleared for development through lease agreements. Officials say these efforts aim to address governance and acco...


Radar

Jul 13 , 2025

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownershi...

Jul 13 , 2025

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of ce...

Jul 13 , 2025

Lowland Livelihood Project Completed in Dubti

Construction of the Lowland Livelihood Improvement Project in Dubti town, Algelyta Kebele, worth 10 million Br has been completed, according to Muhammad Hassan, the regional project coordinator. The l...

Jul 13 , 2025

AI Institute, Federal Police Ink Deal for Smart Station

The Ethiopian Artificial Intelligence Institute (EAII) and the Ethiopian Federal Police Commission (EFP) have signed an agreement to develop a Smart Police Station aimed at modernising law enforcement...

Jul 13 , 2025

Innovation Ministry Taps KPMG for Startup Consulting, Policy Reform

The Ministry of Innovation & Technology has inked a strategic partnership with KPMG East Africa in a bid to bolster Ethiopia's fledgling startup ecosystem. The collaboration will cover early-stage...

Jul 6 , 2025

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula...

Jul 6 , 2025

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote...

Jul 6 , 2025

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Ta...

Jul 6 , 2025

Safaricom Ethiopia Launches Social Impact Foundation

Safaricom Ethiopia has launched the Safaricom Ethiopia Foundation, registered under the Authority for Civil Society Organisations, to scale its social investments in education, health, digital inclusi...

Jul 6 , 2025

Ethiopian Capital Market Secures Major Grant

The African Development Bank(AfDB) has approved a 400,000 dollars grant to support Ethiopia's emerging capital market ecosystem. Funded through the Capital Markets Development Trust Fund, the grant wi...

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material...

Jun 29 , 2025

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Spo...

Jun 29 , 2025

Customs Drafts New Code to Rein in Clearing Agents

The Ethiopian Customs Commission has drafted a new Code of Conduct for customs clearing agents, targeting long-standing issues of fraud, under-declaration, and informal brokerage that cost the state i...

Jun 29 , 2025

EFDA Launches Pharmaceutical Traceability Hub

The Ethiopian Food & Drug Authority (EFDA) has begun implementing its pharmaceutical traceability system to curb the flow of illegal medicines. Rolled out on June 26, 2025, the system requires all...

Jun 29 , 2025

Ethio-Re Set to Relocate as New Chair Takes Over

Ethiopian Reinsurance (Ethio-Re) is relocating its headquarters to the newly acquired Black Panther Building, purchased for nearly 100 million Br. Board Chairperson Dagnachew Mehari told Fortune that...

Jun 29 , 2025

NBE Requires Rating Disclosure From Foreign Banks

The National Bank of Ethiopia (NBE) has issued a directive requiring foreign bank applicants to disclose any recent credit ratings issued by external agencies but does not impose a minimum rating thre...


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In Taxing Aggressively, Fed's Fiscal Reckoning Arrives

Parliament is no stranger to frantic bursts of productivity. Even so, the vote last week o...

Editorial | Jul 19 , 2025

A Season of Their Own

In the sharp and high-altitude chill of Addis Abeba's winter, daylight lingers over eucaly...

Featured | Jul 20 , 2025 . By RUTH BERHANU

New Tax Code Draws Cheers from Officials, Cries from the Streets

During a soft and steady rain that soaked the narrow lanes around Ghana Street, near St. U...

Agenda | Jul 20 , 2025 . By BEZAWIT HULUAGER

Startup Law Promises Change But Faces Trust Deficit

Federal lawmakers have finally passed the long-anticipated startup law, setting the stage...

Fortune News | Jul 19 , 2025 . By AMANUEL BEKELE