Radar

FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Aug 30 , 2025

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

Ethiopian Investment Holdings (EIH), the state's sovereign investment arm, has struck a deal with Dangote Group to build one of the world's largest urea fertiliser complexes in Gode, Somali Regional State. The 2.5 billion dollars project will see EIH hold a 40pc stake while Dangote keeps 60pc. Wi...

Aug 30 , 2025

CBE Capital Joins Nib Bank for Market Expansion

Nib International Bank has partnered with CBE Capital, the investment arm of the Commercial Bank of Ethiopia (CBE), to expand investment banking services and shore up its finances. The deal covers advisory services, seeking to strengthen Nib's balance sheet, attracting capital, and positioning the bank in a modernising financial sector. The partnership follows a difficult year for Nib, where net profit dropped 36pc to 957.9 million Br and deposits shrank, despite paid-up capital climbing to 7.6 billion Br. Liquidity strains and governance challenges have also weighed on performance. "This p...

Aug 30 , 2025

Credit Cap Nears Lift-Off

The National Bank of Ethiopia (NBE) is preparing to lift its long-standing credit cap by September, unlocking 1.3 trillion Br in bank lending. The move, flagged by board member and State Minister of Finance Eyob Tekalegn (PhD), follows years of complaints from businesses that borrowing limits choked large-scale projects. Eyob told a local radio station the reform reflects rising investor appetite and improved economic conditions, though he admitted "financing has been the biggest bottleneck for investors." Authorities insist the surge in credit will be directed toward productive sectors withou...

Aug 30 , 2025

Dire Dawa Launches Cheche App, Unifying City Services

A new application named Cheche was launched in Dire Dawa this week, integrating 30 public institutions and offering over 500 services. The app was launched in the presence of officials from the Ministry of Innovation & Technology (MInT), Ethio telecom, and the Commercial Bank of Ethiopia (CBE). The app seeks to streamline city services under a single digital platform. Officials described Cheche as a model for Digital Ethiopia, designed to reduce duplication across government systems and enhance public service delivery. The app's name, drawn from the system mothers traditionally use to carr...

Aug 30 , 2025

Businesses Face New Quarterly Tax Rules

The Ministry of Finance introduced a new system requiring taxpayers to pay 25pc of annual taxes every three months. The first installment, due August 2025, covers income from January to March, with subsequent payments each quarter. Businesses reporting zero income or losses will have payments calculated based on their last tax year. New taxpayers or those without prior filings will use first-quarter 2025 income to determine the August installment. Records need only cover the specified years. A minimum 2.5pc tax applies to loss-making businesses, with losses above that threshold carried forw...

Aug 30 , 2025

EagleLion, CBE, Dashen Roll Out New Remittance Platform

EagleLion, in partnership with the Commercial Bank of Ethiopia (CBE) and Dashen Bank, unveiled a suite of digital services to modernise remittances at an event held on August 26 at the Sheraton Addis. The platform integrates three solutions: an agency remittance system linked to the national ET Switch for real-time transfers to over 30 banks with full forex settlement; GiftEthiopia.com, enabling Diaspora users to send products, cash, or gift cards directly; and a unified gateway that brings multiple international money transfer operators onto one platform for greater choice and transparency....

Aug 30 , 2025

Bank of Abyssinia, Fastpay Seal Digital Remittance Deal

Bank of Abyssinia has partnered with Fastpay LLC to launch a digital remittance platform powered by Cybersource technology. Signed at the Hyatt Regency on August 28, the agreement enables Ethiopians abroad and diaspora members to send money directly through the Fastpay app using Visa or MasterCard. Fastpay says its service stands apart with instant transfers, credit card support, single transactions of up to 10,000 dollars, and zero fees. The bank expects the platform to improve customer experience while boosting foreign currency inflows and curbing reliance on informal hawala channels...

Aug 23 , 2025

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged chronic capacity underuse. Hospitality revenues from Ghion, Hilton, Guenet, and Spa Service enterpr...

Radar

Aug 23 , 2025

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update cam...

Aug 23 , 2025

Yango Pitches New Rental Model to Car Owners

Yango Ethiopia has introduced a vehicle rental program designed to boost returns for car owners. Through franchise partners, owners can register vehicles, manage drivers, track trips, and monitor reve...

Aug 23 , 2025

Spice Shipments Bring Nearly 15 Million Dollars

Spice exports fetched 14.94 million dollars from 15,612 tons shipped in the past fiscal year, the Coffee & Tea Authority reported. Top buyers included India, Egypt, Saudi Arabia, the United States...

Aug 23 , 2025

Private-Sector Confidence Grows as Foreign Investment Climbs

Ethiopia attracted four billion dollars in foreign direct investment during the 2024/25 fiscal year, up 2.2 percent from the previous year. The investment authority credited policy reforms, digitised...

Aug 23 , 2025

Labor Ministry Launches Tool for Safer Migration

The Ministry of Labor & Skills has rolled out "Lemenegede", a mobile app designed to support Ethiopians in overseas employment. Built in-house and backed by the International Labour Organization,...

Aug 23 , 2025

School Feeding Program Reaches 840,000 Students

The city administration's education office announced that 840,585 students from pre-primary to secondary schools are receiving two daily meals under the school feeding program. Backed by trained nutri...

Aug 17 , 2025

Coffee Hub Illu Ababor Targets Bigger Share in Global Market

Illu Ababor Zone supplied more than 51,000 tons of coffee to the central market in the 2024/25 fiscal year, Deputy Administrator Mohammed Teha reported. The effort is part of the "Neqemte Initiative,...

From Loan to Tap, Ministry Secures Water Infrastructure Funds

The Ministry of Water & Energy has signed a cooperation framework with China Exim Bank, facilitated by contractor CGCOC, securing a 100 million dollars loan. State Minister for Drinking Water &...

Aug 17 , 2025

Bureau Rolls Out QR-Enabled IDs for Inspectors

The Addis Abeba Revenues Bureau has equipped inspectors with QR (quick response) code-integrated ID cards to curb fraud and improve transparency. Launched in Mercato, the system lets merchants verify...

Aug 17 , 2025

Manufacturing Output Surpasses Job Target

The manufacturing sector created 352,513 jobs in the 2024/25 fiscal year, exceeding the 350,000 target, the Ministry of Industry reported. Medium- and small-scale domestic manufacturers met their job...

Aug 17 , 2025

Mini-Grids, Mega-Parks Drive Solar Ambition

The Ministry of Water & Energy is advancing solar capacity through collaboration with the International Solar Alliance (ISA). State Minister Sultan Wali (PhD) said the partnership will expand ener...

Aug 17 , 2025

City Roads Authority Outpaces Plan, Inner Streets Get Makeover

The Addis Abeba City Roads Authority outperformed this fiscal year's cobblestone road target, completing 95.2 km, well above the planned 70.2 km, a 35 percent surplus. Officials say the initiative foc...

Aug 17 , 2025

EEU Reports Progress in Distribution Projects, Confronts Persistent Power Losses

The Ethiopian Electric Utility (EEU) closed the 2024/25 budget year with major gains in rural electrification and infrastructure upgrades, but the sector continues to bleed from theft, outages, and ag...

Aug 10 , 2025

Somali Region Advances Budget Independence as Revenues Rise

Somali Regional State is moving closer to fiscal independence, with nearly half its budget now funded locally. Officials point to rising agricultural output and stronger tax enforcement as key drivers...

Environmental Protection Authority Shuts Down Polluters

Addis Abeba's Environmental Protection Authority (EPA) has taken enforcement action against 3,249 manufacturers and service providers found violating environmental standards in the 2024/25 fiscal year...

Aug 10 , 2025

Ministry Mandates Full Electronic Clearance for Top Taxpayers

Taxpayers under the Ministry of Revenues' Medium No. 1 branch will have to ditch paper filings and switch entirely to the e-Clearance system for non-audited services starting August 1, 2025. The manda...

Columns

Commentaries | Aug 30,2025

Will Community Health Insurance Falter Under Its Ambitious Weight?

For Germans, Otto von Bismarck is first remembered as the architect of a unified nation. H...

Editorial | Aug 30 , 2025

Ashenda Grows Louder

The late-season drizzle that falls on Addis Abeba each August does little to dampen the mo...

Featured | Aug 23 , 2025 . By RUTH BERHANU

School Bells Ring as Wallets Snap Shut

The rainy season was losing its grip on Addis Abeba. Patches of pale sky opened between br...

Agenda | Aug 30 , 2025 . By RUTH BERHANU

DASHEN BANK'S NEW REMITTANCE GATEWAY ENTERS THE RING

At a high-profile event held at the Sheraton Addis last week, the launch of Dashen Bank's...

Fortune News | Aug 30 , 2025

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

CBE Capital Joins Nib Bank for Market Expansion