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Sep 4 , 2025

Central Bank Governor Mamo Mihretu Steps Down After Two Years

Mamo Mihretu, Governor of the National Bank of Ethiopia (NBE), has resigned after nearly three years at the helm of the central bank. In a farewell message released today, Mamo cited a desire to “pursue other passions and tackle other challenges” following seven years in government. He describe...

Sep 2 , 2025

Ethio Telecom Shareholders Finally Certified, Dividends Off-Limits for Past Year

Ethio telecom confirmed today that tens of thousands of domestic investors are now officially shareholders in the state-owned giant, after 10 months of waiting. The company offered 10.7 million ordinary shares, 10pc of its equity, during a 121-day subscription window that drew 47,377 shareholders. CEO Frehiwot Tamiru told Fortune last week that certification was nearing completion, a milestone now formally announced. However, she made clear that the shareholders will not benefit from the 12 billion Br in dividends paid out to the federal government for the fiscal year that ended in July...


Aug 28 , 2025

Lion Bank Absorbs Ge’ez Stakeholders in Rare Industry Manuvour

Shareholders of Ge'ez Bank, an initiative under formation, have been granted regulatory nod to transfer their equity to Lion International Bank (LIB). The decision, concluded on August 25, 2025, signalled a resolution to a prolonged impasse that has immobilised Ge'ez Bank since its inception five years ago. It emerged in 2020 with ambitious plans to become a new force in the financial sector, backed by 12,200 shareholders who raised 610 million Br in paid-up capital. However, the timing proved unfortunate. The outbreak of a civil war in the northern Ethiopia and National Bank of Ethiopia's ...


Aug 26 , 2025

Frehiwot Banks Big on Devices, Digital Ecosystem in Bold Three-Year Strategy

Ethio telecom CEO, Frehiwot Tamiru, has an ambitious to aggressively deploy device sales, broaden service uptake, and regional expansion in the next three years. In a strategic shift her management designed to deepen revenue streams and expand digital penetration plan, she wants to transform the state-owned enterprise's evolving identity from a conventional telecom operator to an integrated digital services provider. The strategy, christened, “Next Horizon: Digital & Beyond 2028,” the CEO sets a revenue target of 235.8 billion Br next year, hoping to attain a 45.6pc surge over the c...

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Aug 11 , 2025

EIH Acquires $3M Stake in Akobo Minerals

Ethiopian Investment Holdings (EIH), the sovereign wealth fund managing over 40 state-owned enterprises, has acquired a 7.4pc stake in the Scandinavian-based gold producer, Akobo Minerals AB, marking...

Aug 7 , 2025

Electric Power Reports Tripled Revenue as GERD Energizes Grid

The Ethiopian Electric Power (EEP), the state-owned power generation company, has posted a record 75.4 billion Br in revenues for the 2024/25 fiscal year, nearly three times higher than the 27 billion...

Aug 6 , 2025

Birr Sinks to Record Low as Central Bank Posts 138.25 Br to a Dollar

The Central Bank has posted the Birr to a record low in its latest foreign currency auction, allocating 150 million dollars, the highest amount since forex auctions began in August this year. No less...

Aug 6 , 2025

Central Bank Approves Negusu Gebregziabher as Hibret Bank’s President

The National Bank of Ethiopia (NBE) has approved the appointment of Negusu Gebregziabher as president of Hibret Bank, after his recent nomination by the Board of Directors. Negusu previously served...

Aug 5 , 2025

A Microfinance Declared Bankruptcy, Failing to Meet Capital Requirement

A microfinance enterprises operational since 2004 in Dila, South Ethiopia Regional State, has been declared bankrupt due to non-compliance with the minimum paid-up capital requirement. One Microfinanc...

Aug 5 , 2025

Ethiopian Airlines Soars with $7.6B Revenue Despite Domestic Losses

The Ethiopian Airlines Group (EAG) has posted a robust revenue performance of 7.6 billion dollars for the 2024/25 fiscal year, an eight percent increase year-on-year, propelled by growing demand in in...

Jul 30 , 2025

Ethio Fidelity Breaks Ground as First Dealer Licensed by ECMA

Ethio Fidelity Securities S.C. secured its trading member license today, July 30, 2025, becoming the first independently established dealer to attain full membership on the Ethiopian Securities Exchan...

Jul 24 , 2025

Ethio telecom Posts 162B Br Revenue, Misses Forex Target

Ethio telecom has posted 162 billion Br in revenues for the 2024/25 fiscal year, representi g a 73pc increase from the previous year. The company posted a yet to be audited gross profit of 76 billion...


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Ethiopians Celebrate Big Dreams, While Everyday Realities Cast Shadow

The dawn of a new year is more than a simple turning of the calendar. It is a moment heavy...

Editorial | Sep 6 , 2025

Holiday Bazzars Reveal a City Split by Price, Policy, and Public Mood

At the heart of the city, the Zemen Gebeya New Year bazaar inside the Exhibition Hall behi...

Featured | Sep 7 , 2025 . By AMANUEL BEKELE

As Holidays Near, Addis Abeba's Markets Thrum with Hope, Hardship

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Agenda | Sep 7 , 2025 . By AMANUEL BEKELE

Addis Abeba's Land Auction Spurs Bidding Frenzy During Affordability Concerns

Addis Abeba's sixth public land lease auctions after a five-year pause delivered mixed sig...

Fortune News | Sep 7 , 2025 . By NAHOM AYELE