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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...

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...


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 concerns on the salary income tax while members of the Standing Committee and officials from the Ministry of Foreign Affairs insisted on the harm caused if the bill fails to pass. Desalegn Wodaje, chair of the Standing Committee on Finance, voiced his concerns of financial loss of untaxed income. He pointed out that, according to the research presented by the Ministry, indicated that if the...


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 the Standing Committee and officials from the Ministry of Foreign Affairs insisted on the harm caused if the bill fails to pass. Desalegn Wodaje, chair of the Standing Committee on Finance, voiced his concerns of financial loss of untaxed income. He pointed out that, according to the research presented by the Ministry, indicated that if the minimum untaxed salary were set at 1,200 Br, the a...

Breaking News

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...

Jun 27 , 2025

Governor Mamo Ditches Bond Mandate Betting Aid, Exports Will Tame Inflation

The Central Bank plans to lift a rule that forces banks and pension funds to buy government bonds, Governor Mamo Miheretu disclosed. The National Monetary Policy Committee is expected to scrap the...

May 30 , 2025

IMF Urges Ethiopia to Keep Reform Foot on the Gas as Third-Review Clearance Unlocks $260m

The International Monetary Fund (IMF) and Ethiopian authorities have reached a staff-level agreement on the third review of a four-year, 3.4 billion dollars credit facility, paving the way for roughly...


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At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

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Featured | Sep 14 , 2025 . By NAHOM AYELE

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Fortune News | Sep 13 , 2025 . By AMANUEL BEKELE