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Aug 17 , 2025

Kifiya, Mastercard Push AI-Driven Credit Access

Kifiya Financial Technologies and the Mastercard Foundation convened the third Kifiya Knowledge Series at the Hyatt Regency, gathering over 250 policymakers, bankers, fintech leaders, and entrepreneurs to debate how AI-powered credit can expand access for micro, small, and medium enterprises (MSMEs...

Aug 17 , 2025

Coffee Hub Illu Ababor Targets Bigger Share in Global Market

Illu Ababor Zone supplied more than 51,000 tons of coffee to the central market in the 2024/25 fiscal year, Deputy Administrator Mohammed Teha reported. The effort is part of the "Neqemte Initiative," designed to promote production, productivity, and quality in top foreign exchange earner. The zone spans over 700,000 hectares, including 300,000 hectares of newly planted and rehabilitated coffee and 400,000 hectares of wild varieties, cementing its role as a major coffee hub. Officials highlight coffee's dual economic and social importance, with more than 65 percent of residents depending di...


Aug 17 , 2025

Bureau Rolls Out QR-Enabled IDs for Inspectors

The Addis Abeba Revenues Bureau has equipped inspectors with QR (quick response) code-integrated ID cards to curb fraud and improve transparency. Launched in Mercato, the system lets merchants verify inspectors' identities via smartphone, deterring impersonation and extortion. Bureau head Biniyam Mikiru said the move strengthens technology-backed oversight and shields compliant taxpayers. Inspectors will also wear new uniforms to distinguish them from impostors. Merchants praised the reform, saying it protects businesses from harassment and urged other agencies to adopt similar measures...


Aug 17 , 2025

Manufacturing Output Surpasses Job Target

The manufacturing sector created 352,513 jobs in the 2024/25 fiscal year, exceeding the 350,000 target, the Ministry of Industry reported. Medium- and small-scale domestic manufacturers met their job creation goals, while large-scale firms recorded mixed results, domestic investors reached 98.6pc of their target and foreign investors 86.9pc. The ministry has  also signed a cooperation deal with the Petroleum & Energy Authority to promote energy efficiency, addressing sectoral energy waste of up to 30pc from outdated technology, poor management, and supply quality issues. State Minister Ha...

From Loan to Tap, Ministry Secures Water Infrastructure Funds

The Ministry of Water & Energy has signed a cooperation framework with China Exim Bank, facilitated by contractor CGCOC, securing a 100 million dollars loan. State Minister for Drinking Water & Sanitation Ambassador Asfaw Dingamo (PhD) said the funding will finance water supply and sanitation infrastructure in five cities: Holeta in Oromia, Areka in the South, Inseno and Tora in Central Ethiopia, and Mizan Aman in the South...

Aug 17 , 2025

Mini-Grids, Mega-Parks Drive Solar Ambition

The Ministry of Water & Energy is advancing solar capacity through collaboration with the International Solar Alliance (ISA). State Minister Sultan Wali (PhD) said the partnership will expand energy output, spur innovation, and attract investment. Key plans include a 400MW solar park across three projects and a 700kW mini-grid, solar carport. Planning to become a regional energy hub by 2030, the ministry is leveraging solar resources to meet domestic needs and export surplus power. ISA Director General Ashish Khanna highlighted the country's role in advancing solar technology in Africa thr...


Aug 17 , 2025

City Roads Authority Outpaces Plan, Inner Streets Get Makeover

The Addis Abeba City Roads Authority outperformed this fiscal year's cobblestone road target, completing 95.2 km, well above the planned 70.2 km, a 35 percent surplus. Officials say the initiative focused on improving inner-neighborhood connectivity alongside major asphalt projects, making streets more accessible for residents. Strong community involvement and coordination with local associations helped deliver the work, while creating jobs for the city's youth. The program eased traffic, enhanced pedestrian safety, and supported small-scale enterprises supplying and installing cobblestones...

Aug 17 , 2025

EEU Reports Progress in Distribution Projects, Confronts Persistent Power Losses

The Ethiopian Electric Utility (EEU) closed the 2024/25 budget year with major gains in rural electrification and infrastructure upgrades, but the sector continues to bleed from theft, outages, and aging equipment. CEO Getu Geremew disclosed that losses reached 2.31 billion Br, with only 1.43 billion Br recovered. More than 1,000 individuals were held accountable for theft and fraud, as the utility reported 880 million Br still unrecovered. Roughly 22pc of power purchased from Ethiopian Electric Power was lost, half to technical faults such as vegetation and aging conductors, the rest to co...


Radar

Aug 10 , 2025

Somali Region Advances Budget Independence as Revenues Rise

Somali Regional State is moving closer to fiscal independence, with nearly half its budget now funded locally. Officials point to rising agricultural output and stronger tax enforcement as key drivers...

Environmental Protection Authority Shuts Down Polluters

Addis Abeba's Environmental Protection Authority (EPA) has taken enforcement action against 3,249 manufacturers and service providers found violating environmental standards in the 2024/25 fiscal year...

Aug 10 , 2025

Ministry Mandates Full Electronic Clearance for Top Taxpayers

Taxpayers under the Ministry of Revenues' Medium No. 1 branch will have to ditch paper filings and switch entirely to the e-Clearance system for non-audited services starting August 1, 2025. The manda...

Aug 10 , 2025

Brewing the Next Generation: African Fine Coffees Conference Returns to Addis Abeba

The launch of the 22nd African Fine Coffees Conference & Exhibition (AFCC&E) held at Millennium Hall, drew over 1,200 delegates, featured 53 speakers, and showcased more than 350 coffees. Ethi...

Aug 10 , 2025

Addis Roads Authority Produces 3.1b Br in Materials

The Addis Abeba Roads Authority has produced over 3.1 billion Br worth of road construction materials during the 2024/25 fiscal year through in-house manufacturing. The lineup includes aggregates, sub...

Aug 7 , 2025

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Pr...

Aug 3 , 2025

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financ...

Aug 3 , 2025

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Fin...

Aug 3 , 2025

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Me...

Aug 3 , 2025

Fuel Tariff Revision Keeps Key Prices At Ease

On July 27, 2025, the Ethiopian Ministry of Trade & Regional Integration announced updated retail prices for petroleum products. For the month of August, the prices of petrol, white diesel, kerose...

Aug 3 , 2025

Grounds for Growth: Coffee Authority Targets New Export Highs

Ethiopia is aiming to break its own record in the global coffee trade, with the Ethiopian Coffee & Tea Authority targeting over 3 billion dollars in export revenues from coffee, tea, and spices fo...

Jul 28 , 2025

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions a...

Jul 28 , 2025

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brough...

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations i...

Jul 27 , 2025

Bruh Vision Centre Rolls Out First Refractive Eye Surgery Service

Bruh Vision specialized Eye Care Center, based in the Birra Building near Wollo Sefer, has become the first facility in Ethiopia to offer refractive  surgery. The service was made possible through su...

Jul 27 , 2025

Fertiliser Shipments Gain Momentum Ahead of Planting Season

Over 15.2 million quintals of fertiliser have entered Ethiopia through the Djibouti corridor as of July 20, 2025, according to the Ethiopian Maritime Authority(EMA). The shipments form part of the 24...


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Ministry Casts Reform Net, Fishermen Face a Tide of Uncertainty

The federal government, led by the Ministry of Agriculture, is finalising a sweeping licen...

Fortune News | Aug 17 , 2025 . By YITBAREK GETACHEW