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Sep 27 , 2025

Debt Crisis in Focus as Central Bank Governor Visits China

Eyob Tekalegn (PhD), newly appointed governor of the National Bank of Ethiopia (NBE), made his first official overseas trip to China to discuss debt restructuring. He met with senior officials from China's Ministry of Finance, the People's Bank of China, and the Export-Import Bank of China, and is e...

Sep 27 , 2025

Blueprint for Safety, Builders Face Tough New Standards

Four key institutions in Ethiopia's construction sector signed an MoU at Skylight Hotel to address chronic safety lapses that cost lives and damage property. The deal brings together the Ethiopian Construction Authority, the Construction Management Institute, the Addis Abeba Construction Permit & Regulation Authority, and the Ethiopian Construction Work Contractors Association. Assistant Director Engineer Abebe Dinku warned that accidents persist despite booming activity, with 24,000 active sites and projects worth over 500 million birr this year. Official data show 142 deaths so far, i...


Sep 27 , 2025

Licenses of Ten Auditors at Risk After Alleged Tax Irregularities

The Addis Abeba Revenue Bureau has asked the Accounting & Auditing Board of Ethiopia to revoke the licenses of ten accountants and auditors accused of preparing flawed taxpayer records during the 2024/2025 fiscal year. Officials say a preliminary audit uncovered irregularities that may have cost the government revenue. While disciplinary measures are yet to be confirmed, the Bureau said it would no longer accept financial statements signed by the professionals under scrutiny. Citing provisions in the Tax Administration Proclamation, the Bureau is also in talks with regulators to issu...


Sep 27 , 2025

Millions Reach New Financial and Food Security Milestones

Ministry of Finance and the International Fund for Agricultural Development (IFAD) reaffirmed their commitment to transforming rural communities during a Joint Project Portfolio Review. Semereta Sewasew, State Minister of Finance, and IFAD Country Director Mawira Chitima, alongside the DBE President and State Minister of Irrigation & Lowlands, highlighted initiatives boosting financial inclusion and food security. The Lowlands Livelihoods Resilience Project (LLRP) has reached 5 million people, while the Participatory Agriculture & Climate Transformation Programme (PACT) has supported ...

Sep 27 , 2025

Ethiopia, Russia Partner on Nuclear Power Plant for Clean Energy

Ethiopia has inked an agreement with Russia to jointly develop a nuclear power plant directed towards delivering clean energy and long-term social benefits, the Ministry of Foreign Affairs announced. The deal was finalised last week in Moscow during Prime Minister Abiy Ahmed's (PhD) attendance at the World Atomic Week conference. Speaking at the event, Abiy said, “Our goal is clear. We want a safe, transparent, and exemplary nuclear power program for Ethiopia's bright future.” Two weeks earlier, at the inauguration of the Grand Renaissance Dam, the Prime Minister had signaled that a...

Sep 27 , 2025

Little, Bank of Abyssinia, Visa Launch Contactless Payments

Little, in partnership with Bank of Abyssinia(BoA) and Visa, has unveiled 'Tap to Go', a contactless payment feature designed for international Visa cardholders using ride-hailing services. The service lets passengers pay by simply tapping their Visa card on the driver's phone, removing the need for cash or manual card entry. Currently available only to holders of international Visa cards, it promises a fast, secure, and convenient option for foreign travelers navigating the city. At the launch, Little's Country Manager, Barouk Almaw, noted the company's focus on enhancing urban mobility...


Sep 27 , 2025

Transport Federations Forge MoU to Strengthen Employer-Worker Collaboration

For the first time, the Ethiopian Transport Employers Federation (ETEF) and the Transport Workers & Communication Utility Industries Federation (TWCUIF) have signed a memorandum of understanding (MoU) seeking to strengthen employer–worker relations and enhancing productivity. TWCUIF President Abathun Takele underscored transport's critical role in the national economy, cautioning that mismanagement could have severe consequences. He emphasised that improving working conditions and sector results requires a collective effort extending beyond the two federations. Conference participa...

Sep 27 , 2025

Canal+ Gains Full Control of MultiChoice After Mandatory Offer

Canal+ has completed its mandatory offer to acquire all remaining MultiChoice shares, securing effective control of the South African pay-TV giant. The move aligns the company with South African broadcasting regulations, granting foreign shareholders, including Canal+, full voting rights. The combined Canal+, MultiChoice group will serve more than 40 million subscribers across 70 countries and employ roughly 17,000 staff. In South Africa, the company has committed to supporting Historically Disadvantaged Persons (HDPs), small businesses, and local content production. MultiChoice has updated...


Radar

Sep 21 , 2025

Infrastructure Financing, ECMA Partners with InfraCredit

The Ethiopian Capital Market Authority (ECMA), led by Director General Hana Tehelku, has stepped up efforts to strengthen the country's financial system through talks with The Currency Exchange Fund ...

Domestic Water Transport Staff Secure Collective Agreement

Ethiopian Shipping and Logistics (ESL) and the Basic Workers Union representing domestic water transport staff (Ethio-Ferries) signed a three-year collective agreement on September 17, 2025. The pact...

Sep 21 , 2025

City Launches Service Delivery Assembly, Government-Public Interface

On September 18, 2025, the Addis Abeba City Administration Finance Bureau launched the Service Delivery Coordination Assembly to address gaps between government institutions and the public. Deputy May...

Sep 21 , 2025

Ministry Flags Refusal to Trade as Anti-Competitive Practice

The Ministry of Trade & Regional Integration has declared that traders who refuse to sell goods, services, or products to competitors are engaging in illegal trade practices, disrupting fair compe...

Sep 21 , 2025

Export Revenue Climbs as Factories Recover

Ministry of Industry convened a two-month export performance evaluation forum, bringing together 60 top-performing manufacturing industries to assess recent export trends and challenges. Zerihun Ab...

Sep 21 , 2025

Siinqee Bank Rolls Out Prepaid International Card with Mastercard

Siinqee Bank has unveiled a prepaid international card in partnership with Mastercard, part of its digital transformation and financial inclusion drive. The card allows customers to make online paymen...

Sep 21 , 2025

Mamo Mihretu Graded A- by Global Finance, Passing Baton to Eyob Tekalign

Former National Bank Governor Mamo Mihretu, who served from January 2023 until September 2025, has received an "A-" in Global Finance magazine's 2025 Central Banker Report Cards. The annual ranking...

Sep 14 , 2025

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fue...

Sep 14 , 2025

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU...

Sep 14 , 2025

Red Sea Bank Eyes Investment in Local Banking Sector

Last week, Kebede Abera, deputy head of the Ethiopian mission in Djibouti, met with executives from the Bank for Commerce and Industry of the Red Sea (BCIMR) to discuss opportunities in the country's...

Sep 14 , 2025

Italy, Ethiopia Agree on Railway Modernisation Partnership

The Ethiopian Railways Corporation (ERC) and COIPA Italia S.p.A. have signed a Strategic Cooperation Framework Agreement to modernise Ethiopia's railway network and advance sustainable transport. The...

Sep 14 , 2025

Ministry Suspends VAT on Essential Medicines Temporarily

The Ministry of Finance (MoF) announced the suspension of value-added tax on certain over-the-counter medicines sold by pharmacies until a legal amendment is finalised. The move follows a request from...

Sep 14 , 2025

Equity Bank Moves to Enter Ethiopias Financial Sector

Kenya's Equity Bank has signaled interest in joining Ethiopia's financial sector as the market opens to foreign players. Founded in 1984, the lender has grown into one of East Africa's largest banks,...

Sep 14 , 2025

Supreme Court Issues Directive on Case Execution Procedures

The Federal Supreme Court has issued a directive to regulate and standardise the work of its Execution Department, setting a framework for how final judgments and court orders are enforced across fede...

Sep 7 , 2025

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and servi...

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-bal...


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Violence Against Health Workers Must End

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The Vanishing Sound of Joy

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Exam Policy Fails the Test of Justice, Deepening Inequality, Disillusion


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Exam Policy Fails the Test of Justice, Deepening Inequality, Disillusion

Four years into an experiment with “shock therapy” in education, the national mood has...

Editorial | Sep 27 , 2025

THE PRICE OF PLAY Football, privatisation, and the battle for turf in Addis Abeba

On a crisp weekday morning at Friendship Park, nestled along Taitu Street, Awel Hamza stoo...

Featured | Sep 27 , 2025 . By SURAFEL MULUGETA

Addis Abeba's Transport Gridlock Wears Commuters Thin

Crowds swell before dawn at some of Addis Abeba's busiest intersections, and the tension h...

Agenda | Sep 27 , 2025 . By YITBAREK GETACHEW and BEZAWIT HULUAGER

IN MESQEL SQUARE, FAITH ENDURES!

Meskel Square turned into a rolling wave of colour and sound on Friday, September 26, 202...

Fortune News | Sep 27 , 2025