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May 9 , 2025

BGI-Ethiopia Appoints a New CEO

BGI-Ethiopia Plc, a bottler of St. George beer, the oldest brand in the country, has appointed a new CEO, effective May 1, 2025. Pierre-Emmanuel Medard succeeded Herve Milhade, who announced his retirement from the Castel Group, the parent company. With over 25 years of industry experience, Medar...

May 8 , 2025

Ethio telecom Launches a Digital Marketplace

Ethio telecom introduced a digital marketplace dubbed Zemen Gebeya, integrated within the telebirr SuperApp. The platform connects micro, small, and medium enterprises (MSMEs) with users across Ethiopia. The launch was held today, May 8, 2025, place at the Ethiopian Science Museum on Menelik II Avenue. Zemen Gebeya offers features such as merchant and consumer mobile applications, logistics management systems, and a dispatcher interface. It provides tools for inventory management, digital payments, and marketing, enabling businesses to expand their reach and operational efficiency. Th...


Apr 30 , 2025

Heineken Bets on Communities to Brew Growth

Heineken Ethiopia Plc, the largest brewery, is spending 33 million Br on a new community development program for residents in Addis Abeba and Sheger City, in what its executives say is an extension of the Brewer's push to pair its growth with local investment. “Heineken grew the business, and the community should grow with us,” said Bart De Keninck, general manager, during the launch unveiled on Wednesday, April 29, 2025, at Heineken's Qilinto plant. He called the program, “a meaningful extension of our commitment beyond business.” Since arriving, Heineken Ethiopia says it has po...


Apr 2 , 2025

National Takes Over Unilever Ethiopia

Unilever Ethiopia has appointed an Ethiopian national to run its business, the third multinational company in recent months to do so, after Coca-Cola Beverages Africa and Pepsi International elevated another Ethiopian to claim a senior executive position long held by expatriates. Nesibu Temegen took charge of Unilever Ethiopia as a general manager, beginning this month, the company announced. Nesibu, 42, brings over 18 years of experience in the industry. He holds undergraduate and postgraduate degrees in marketing management from Addis Abeba University. Married and a father of three...

News Alert

Apr 1 , 2025

Birr Gains Ground at Forex Auction, For a Change

The Birr traded at 131.71 against the Dollar at a central bank auction held today, marking a slight 2.96pc uptick. The National Bank of Ethiopia (NBE) offered 50 million dollars in what is now its...

Mar 13 , 2025

Tigray Region’s Economy Lies in Ruins as Post-War Recovery Falters

Two years after the devastating civil war ended, Tigray Regional State is struggling to rebuild. Its economy is battered, and prospects are grim, warned Getachew Reda, chief administrator of Tigray's...

Feb 26 , 2025

Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are availab...

Feb 25 , 2025

Central Bank’s Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held today, offering 60 million dollars. Close to 27 banks have made their bid where the weighted average was 135.61 Br f...

Feb 24 , 2025

Central Bank Puts $60m on the Auction Block

The National Bank of Ethiopia (NBE) is set to hold a foreign exchange auction tomorrow, February 25, 2025, offering 60 million dollars to commercial banks. Monetary authorities say they want to ma...

Feb 21 , 2025

Ethiopia’s Bets on $55m Plant for E-passports

A 55-million-dollar industrial security printing plant at Bole Lemi Industrial Park has expedited printing of e-passports under a joint venture arrangement, Toppan Security Ethiopia S.C. With the capa...

Feb 12 , 2025

Ethio telecom Reports Over 40pc Revenue Growth, Faces Decline in Forex, Plans Nationwide Fibre Cable Upgrade

The state-owned telco posted today its second-quarter results marking 43pc revenue jump compared to the same period last year. Ethio telecom has recorded 61.9 billion Br in total revenue for the fi...

Jan 30 , 2025

Parliament Rewrites the Rules of Learning

Teachers, principals and school supervisors across the country will need to receive a year-long training, coupled with a requirement to renew their licenses every two years. Private schools are tasked...


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Columns

Commentaries | May 10,2025

Sharia-Compliant Banks Lose Ground as Interest-Free Windows Sweep the Market

Life Matters | May 10,2025

When a Comment Cuts Deep, Thank the Shadow

My Opinion | May 10,2025

Soaring Rents, Speculative Land Deals Chokes Addis Abeba

Sunday with Eden | May 10,2025

Raising Builders, Not Spenders

Agenda | May 11,2025

Debt Deadlines Test the Promise of Addis Abeba's Makeover

Editorial | May 10,2025

Ethiopia's Aid Reckoning Demands a Homegrown Rescue Plan


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Ethiopia's Aid Reckoning Demands a Homegrown Rescue Plan

Federal legislators recently summoned Shiferaw Teklemariam (PhD), head of the Disaster Ris...

Editorial | May 10 , 2025

Curtain Falls on a Capital Stage as Theatre Fights for Its Life

The balcony at the National Theatre, on Churchill Avenue, used to fill up days in advance...

Featured | May 4 , 2025 . By NAHOM AYELE

Debt Deadlines Test the Promise of Addis Abeba's Makeover

Tsiriha Biru, 45, had never imagined that her rhythm of life in Adissu Gebeya, a northern...

Agenda | May 11 , 2025 . By NAHOM AYELE

PROMISED HOMES COME WITH DEBT

In northern Addis Abeba, a neighbourhood known for its vibrant community has become a symb...

Fortune News | May 11 , 2025