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Jul 7 , 2025

Parliament Repeals Clause Granting Immunity to Undercover Investigators

Federal lawmakers have unanimously voted, save for one abstention, to repeal a controversial clause from the anti-money laundering and counter-terrorism financing bill. The repealed provision had granted legal immunity to undercover agents investigating terrorism and money laundering, shielding t...

Jul 5 , 2025

Addis Abeba Cabinet Approves Major Institutional Shake-Up, Redraws District Boundaries

Addis Abeba's City Cabinet under Mayor Adanech Abiebie has signed off on a broad restructuring of city governance, including new institutional mergers, redrawn district boundaries, and reforms to public health and land management. A Tourism Commission will be established, while the Design & Construction Bureau is set to merge with the Mega Projects Construction Office. The Social Trust Fund will fold into the Community Participation and Voluntarism Coordination Commission. Oversight of public restrooms management will shift to the Water & Sewerage Authority. The Cabinet also appr...


Jul 3 , 2025

Finance Ministry Signs 71.8B Br Partnership Deals with Private Firms

The Ministry of Finance has signed a 71.8 billion Br agreement with private sector partners for seven development projects from housing, tourism to health. Signed today at the Ministry's headquarters on King George VI St., the agreemens establishe public-private partnerships (PPP) for four housing projects, two tourism destination sites, and one healthcare centre. Finance Minister Ahmed Shide and project representatives were present at the signing. Key partners include MIDROC Investment Group, Ovid Real Estate, and the Ethiopian Construction Works Corporation. The housing projects fea...


Jul 1 , 2025

Parliament Passes Amended Law Allowing Limited Foreign Ownership of Residential Property

Federal lawmakers have passed the bill permitting foreign nationals to own residential property, with amendments addressing constitutional concerns raised during earlier debates. The final version of the bill, approved with four abstentions, limits foreign ownership to a single residential property, scaled back from the initially proposed five. The amendment comes after MPs argued that broader provisions for foreign ownership of "immovable property" conflicted with Article 40 of the Constitution, which declares land as public property. Foreign nationals will be allowed to lease land and...

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Jun 10 , 2025

Kegna Beer Debuts After Quarter of Billion Dollars Investment

Kegna Beverages S.C. introduced its flagship product, Kegna Beer, at a launch event in Addis Abeba's Convention Centre, near the CMC area, where more than 700 guests gathered to mark the occasion. The...

Jun 10 , 2025

Fed Tables 1.93T Br Budget Bill During Strong Fiscal Consolidation Push

The Federal government has presented a budget bill before Parliament of 1.93 trillion Br for the fiscal year 2025/26. The budget, which federal lawmakers are currently reviewing, includes allocations...

May 28 , 2025

CBE’s Sharp Shift Sends Birr Down 5.6pc

The state-owned Commercial Bank of Ethiopia (CBE) raised its cash exchange rate to 131 Br a dollar for purchases and 133 Br for sales, the steepest single-day move by the country's largest lender in s...

May 21 , 2025

Bill Granting Foreign Nationals Property Ownership Draws Criticism from Opposition MPs

A draft law proposing to allow foreign nationals to lease land and own residential property faced intense debate in Parliament yesterday, May 20, 2025. The legislative bill, tabled by the Council of M...

May 21 , 2025

Central Bank Eases Forex Rules for Importers, Travellers

The National Bank of Ethiopia (NBE) announced major changes impacting foreign exchange market, including substantially higher limits for importer advance payments and foreign currency cash for travele...

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 retir...

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 Ethiop...

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...


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Civil Society Feels the Squeeze as Reform Era Unravels

Six years ago, Ethiopia was the darling of international liberal commentators. A year earl...

Editorial | Jul 5 , 2025

Apparel Market Struggles Beneath a Second-Hand Deluge

Each June, Addis Abeba's high-altitude chill arrives with afternoon downpours, soaking sch...

Featured | Jul 6 , 2025 . By RUTH BERHANU

When Pepper Burns the Purse

The late-morning sun cuts through Addis Abeba's usual haze and lands on Haile Garment, an...

Agenda | Jul 6 , 2025 . By YITBAREK GETACHEW and NAHOM AYELE

Unity at the Budget Vote Tensions at Question Time

The federal legislature gave Prime Minister Abiy Ahmed (PhD) what he wanted: a 1.9 trillio...

Fortune News | Jul 6 , 2025 . By BEZAWIT HULUAGER