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Mar 9 , 2025

Kegna Beverages Pours $250m Into Beer Market Taking On Giants

Kegna Beverages S.C. is making a 250 million dollar investment in the beer market, aspiring to emerge as a leading bottler in a the brewery industry. Prime Minister Abiy Ahmed (PhD) recently visite...

Mar 9 , 2025

Insurers Reel Under Reporting Standard Strain, as Actuarial Drought Stalls Compliance

A bill mandating an international financial reporting standard has intensified the frantic hunt for actuaries, exposing a severe shortage that compels insurers to seek expertise abroad. Regulators exp...

Mar 14 , 2025

New CEO Appointed to Lead Ethiopian Insurance Corporation's Public Listing Push

Brook Taye (PhD), CEO of Ethiopian Investment Holdings, has announced the appointment of Abel Tadesse as the new CEO of the Ethiopian Insurance Corporation (EIC), following board of directors' approva...

Mar 9 , 2025

Insurance Industry Braces for Governance Revolution

National Bank of Ethiopia is proposing sweeping changes to insurance company governance, including stricter board composition rules and enhanced whistleblower protections. Regulators have released a d...

Mar 9 , 2025

Taxis Push for Fare Hike Over Looming Night Shift Decree

Addis Abeba taxi drivers are calling for urgent tariff adjustments for nighttime operations, citing increased costs and safety concerns stemming from new city regulations mandating extended operating...

Mar 9 , 2025

USAID Budget Cuts Threaten Africas Stability, Experts Warn

As the Trump Administration's “America First” agenda pushes for sweeping domestic reforms, proposed budget cuts to the United States Agency for International Development (USAID) cast long shadows...

Mar 2 , 2025

Wegagen Breaks Ground as First Bank to Issue Shares on Capital Market

Wegagen Bank has taken a pioneering step in the emerging capital market, releasing a prospectus for listing and registering its shares on the nascent Ethiopian Securities Exchange (ESX). The Bank, whi...

Mar 2 , 2025

Central Bank Loosens Grip on Reserve Rules

Central Bank regulators would merge commercial banks' reserve and payment accounts, a departure that will grant lenders greater flexibility in handling daily cash obligations. The National Bank of...

Mar 3 , 2025

Toppan Gravity Frontrunner for Supplying Nationwide Excise Stamp System

In advanced negotiations with Toppan Gravity Ethiopia, the Ministry of Finance is nearing the launch of a nationwide excise stamp system that officials say will help modernise tax administration and c...

Mar 2 , 2025

Court Hears Testimony in Purpose Black's Alleged Fraud Case

Executives of Purpose Black ETH Trading S.C. appeared before the Federal High Court Lideta Criminal Bench, continuing to face criminal charges related to allegations of fraud and corruption. Since Feb...

Mar 2 , 2025

Water Ministry Moves to Silence Pollution as Rivers Cry for Help

Officials at the Ministry of Water & Energy (MoWE) are proposing major land use changes near rivers and lakes. A new bill outlines buffer zones that could restrict farming, housing, and industry,...

EGG-TRAVAGANT PRICES SCRAMBLED HOUSEHOLD BUDGETS

A public service employee who earns 7,500 Br a month recently found himself walking away empty-handed from a street vendor near Anbessa Gibi Park (Russia St.) in Addis Abeba. Only weeks ago, he could...

Feb 23 , 2025

AliExpress Enters Local Market, Regulation Remains Uncertain

Chinese e-commerce giant AliExpress, part of the Alibaba Group, announced last week that it will start accepting Birr for transactions. The service, set to begin on February 24, 2025, is also being ro...

Feb 23 , 2025

Football Clubs on the Brink as Spending Outpaces Sense

Ethiopian football's premier competition is experiencing a financial crisis. Behind the allure of passionate fans and spirited on-field competition, clubs in the Ethiopian Premier League (EPL) are und...

Feb 23 , 2025

Cheap Imports, Tax Burden Weaken Demand, Choke Cotton Industry

Ethiopian cotton producers are struggling to sell their goods as Value-Added Tax (VAT) hikes prices and local demand plummets. To survive, many are now exploring foreign markets. Local producers al...

Feb 23 , 2025

Pharma Manufacturers Push for Tripartite Loan Fund to Boost Production

Pharmaceutical manufacturers are seeking greater loan access to ease financial strain caused by high operational costs and delayed payments. They have requested a seven-billion-Birr loan from the C...


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In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today


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In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

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

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

Student Tax ID Push Triggers Logjam

The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival...

Agenda | Sep 13 , 2025 . By NAHOM AYELE and YITBAREK GETACHEW

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE