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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 stakeh...

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...


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. Ethio-Djibouti Railway S.C., Ethio-Railway Logistics Plc, a joint venture between Ethiopian Railway Corporation and GetAs International Plc, and Gulf Igot FCZ Multimodal Operator secured their multimodal operation licenses at a ceremony held at the Radisson Blu Hotel, on Marshal Tito Rd, today, March 14, 2025. Alemu Sime (PhD), minister of Transport & Logistics, and Abduber Shemsu, directo...


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 disressed industry. Authored by experts at the Ministry of Urban Development & Infrastructure, the bill was approved by a majority vote, with two MPs voting against, while an MP abstained. The new legislation sets stringent requirements for real estate developers. To qualify for a license, developers should have constructed and transferred ownership of at least 50 housing units. For those seek...

Breaking News

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...

Oct 7 , 2024

Foreign Minister Taye Atskeselassie Becomes New President

Parliament today appointed Taye Atskeselassie, a foreign minister, as the fifth president of the Republic, succeeding Sahle-Worq Zewde, the first female head of state since the existing constitution w...

Oct 4 , 2024

Central Bank Injects $175m to Ease Forex Crunch During Fuel Import Strains

The Central Bank has injected 175 million dollars into the foreign exchange market responding to a severe forex shortage that threatens fuel imports and economic stability. The National Bank of Eth...


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Preventing War Far Cheaper Than Paying Its Deadly Price

Getachew Redda, head of the Tigray Interim Regional Administration (TIRA), at least up unt...

Editorial | Mar 23 , 2025

Trapped Between Sunlight, Soaring Costs, Farmers Struggle to Ditch Diesel

Fenta Atele gazes at the shrinking shores of Lake Abaya, in Southern Regional State, worry...

Featured | Mar 16 , 2025 . By YITBAREK GETACHEW

"No Child Should Die Waiting"

Five neatly arranged children's beds lie in a small, dimly lit room inside Tikur Anbesa Te...

Agenda | Mar 23 , 2025 . By BEZAWIT HULUAGER

A Trailblazer Returns to Build What Never Was

Brutawit Dawit, a veteran banker with extensive experience in the financial sector, has be...

Fortune News | Mar 23 , 2025 . By BEZAWIT HULUAGER