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May 17 , 2026

Ministry of Water & Energy Reports Mixed Nine-Month Performance

The Ministry of Water & Energy (MoWE) has presented its nine-month performance report to Parliament, showing strong gains in electricity generation alongside persistent financial and operational challenges. Electricity generation capacity rose from 7,910 MW to 9,579 MW, narrowly missing the n...

May 17 , 2026

Land Bureau Collects Billions in Revenue, Penalties From Developers

The Addis Abeba Land Development & Administration Bureau has collected 13.1 billion Br in revenue over the past ten months from lease payments and related charges. Berhane Kebede, team leader for Lease Income Collection and Monitoring, said efforts are also focused on ensuring developers comply with lease regulations, commence construction on time, and meet payment obligations. During citywide construction monitoring across all sub-cities, the Bureau collected 13.16 billion Br, including 1.14 billion Br in penalties from developers who violated lease terms. It also issued written war...


May 17 , 2026

Afar Drought Resilience Programme Receives German Finance

German's Economic Cooperation and Development ministry, through the Development Bank, has allocated 17 million euro to support a drought resilience project, with 15 million euro provided by the German government. The initiative is being implemented by Ethiopia's Ministry of Agriculture. The Drought Resilience Building Project aims to strengthen food security and climate resilience for pastoral communities in the Afar lowlands. It focuses on expanding water infrastructure, including irrigation systems and deep wells, alongside pasture restoration through invasive species control and mechanis...


May 17 , 2026

Ministry of Education, Huawei Introduce Offline AI Support System

The Ministry of Education has partnered with Huawei to launch a pilot AI teacher assistant system integrated directly into the national curriculum. Designed to provide instructional support, the initiative leverages Huawei's ICT infrastructure to bridge the educational resource gap across the country. The launch was done in May 14,2026 at Sheraton Hotel which is found in Taitu St. on the launch event a representative from the ministry of education, Muluneh Atinaf(PhD), the e-SHE program coordinator in the ministry of education, emphasized that the initiative enhances the teaching-learning p...

May 17 , 2026

River Restoration Plan in Addis Abeba Receives Support

Ethiopia and Italy have signed a €5 million grant agreement to finance the Qebena Tributaries Riverside Development Project in Addis Abeba. Signed on May 14, 2026, the project will be implemented over 24 months under the Addis Abeba Urban Beautification and Greenery Development Bureau. The initiative focuses on restoring two heavily polluted tributaries of the Qebena River in Yeka Sub-city through sewer line construction, stormwater drainage systems, and riverbank protection works. It also includes the creation of a riparian buffer zone with native vegetation and community spaces, a...

May 17 , 2026

Awash Bank Launches First Round of Seed Sector Grant Initiative

Awash Bank has disbursed over 137 million Br under its Guarantee to Grant (G2G) Facility, supporting 12 private seed companies to expand access to agricultural finance. The initiative, implemented under the Ethiopian Seed Partnership, involves Wageningen University & Research, the Embassy of the Netherlands, the Ministry of Agriculture, and RSLNC Consultancy plc. The facility provides collateral support to help firms overcome traditional lending barriers and improve production capacity for certified, high-yield seeds aimed at smallholder farmers. Agriculture contributes 32pc of GD...


May 17 , 2026

Chinese Renewable Energy Giant Secures Ethiopia Investment Licence

The Ethiopian Investment Commission (EIC) has issued an investment licence to China's Ming Yang Smart Energy Group, formalising a revised 14.17 billion dollar renewable energy project. The company, which initially signed a 10 billion dollar memorandum at the 4th “Invest in Ethiopia” Forum, increased its commitment by 4.1 billion dollar, expanding the multi-phase investment. The project will be implemented in two phases. The first phase allocates 7.47 billion dollar to develop 8.4GW of renewable energy capacity, including 5.4GW of wind and 2.8GW of solar power across South Omo, Afar,...

May 17 , 2026

Commission Reports Strong Revenue Growth, Contraband Seizures

The Ethiopian Customs Commission has collected 600.23 billion Br in revenue over the past ten months, slightly exceeding its target of 598.8 billion Br and achieving 100.22pc performance. Commissioner Debele Kabeta (PhD) said the result reflects a 75.3pc year-on-year increase, equivalent to an additional 258 billion Br compared to the same period last year. He attributed the growth to ongoing macroeconomic reforms and strengthened tax compliance measures. The Commission also reported intercepting contraband goods worth 23.1 billion Br, preventing losses linked to illegal trade. Offici...


Radar

May 9 , 2026

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings,...

May 9 , 2026

Federal Housing Corporation, Central Equatoria State Sign Housing Coorporation Deal

The Federal Housing Corporation and the government of Central Equatoria State in South Sudan signed a Memorandum of Understanding in Juba on May 5, 2026, to collaborate on housing development projects...

May 9 , 2026

Chapa Enables Remote National ID Payments

Digital payment platform Chapa said its system has supported the issuance of more than 3.5 million National IDs, processing over 1.27 billion Br in transactions. The figures were shared during a recog...

May 10 , 2026

ECX, Nigerian Counterpart Seal Deal on Commodity Market Development

The Ethiopia Commodity Exchange (ECX) and Nigeria's Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) signed a deal in Addis Abeba on May 7, 2026, to cooperate on agricultural trad...

May 10 , 2026

Capital Market Deepens as ESX Onboards Investment Banks

The Ethiopian Securities Exchange (ESX) has admitted First Addis Investment Bank and Siinqee Investment Bank as trading members after both secured licenses from the Ethiopian Capital Market Authority...

May 10 , 2026

TerraPay, Quantoz, Coop Bank Launch Cross-Border Remittance Solution

The Cooperative Bank of Oromia, in partnership with TerraPay and Quantoz, has launched the COOP REMIT mini-application to facilitate euro-denominated remittance flows from Europe. The system combin...

May 3 , 2026

Parliament Ratifies New External Finance for Reform

Federal lawmakers have approved loan agreements totaling 190 million euros with the French Development Agency (FDA) and the European Investment Bank (EIB). Of this, a 110 million euro loan comes fr...

May 3 , 2026

Agriculture Ministry Reports Billions in Seedlings Ahead of National Campaign

The Ministry of Agriculture says it has prepared 8.1 billion seedlings for the upcoming summer nationwide tree-planting campaign, according to its nine-month performance report. The Ministry also repo...

May 3 , 2026

City Launches Addis Mesob Centres to Overhaul Public Service Delivery System

Addis Abeba City Administration has begun rolling out the Addis Mesob One-Stop Service Centres, aimed at improving public service delivery and addressing governance challenges affecting efficiency. Ma...

May 3 , 2026

Dodai Secures Fund to Expand Electric Motorbike Network

Dodai has announced a Series A financing round of 13 million dollars, comprising 8 million dollars in equity and 5 million dollars in debt, for expansion of electric motorbike adoption and battery swa...

May 3 , 2026

Africa's Food Security Under Pressure as Investment Fails to Keep Pace

A critical report by the United Nations (UN) and the African Union (AU) warns of a widening investment gap undermining Africa's agrifood systems, despite rising public spending across the continent. H...

Apr 26 , 2026

Solar Initiative Targets Water Access for Farming, Livestock

The World Food Programme, Germany and the Ethiopian government have launched a solar-powered irrigation project in the Somali Region to bolster food security and drought resilience for pastoral commun...

Apr 26 , 2026

Resilience Financing Proposal Targets Water Systems, Agriculture, Institutions

Ethiopia and Japan are backing a 58.1 million dollar climate resilience initiative, with 50 million dollar expected from the Green Climate Fund, positioning the facility at the center of Ethiopia's ad...

Apr 26 , 2026

New Agreement Backs Local Expertise in Groundwater Exploration

TEM Company and the Ethiopian Water Technology Institution (EWTI) have signed a five-year memorandum of understanding that makes EWTI the authorised in-country service and repair partner for TEM Compa...

Apr 26 , 2026

Tsedey Bank, Zentide Sign Deal on E-commerce Payments

Tsedey Bank has signed a strategic partnership with Zentide E-commerce on April 23, 2026, at the bank's headquarters, to integrate Zentide's online marketplace with Tsedey Bank's financial services, w...

Apr 26 , 2026

Solar Factories, Gas Plant Begins Operations in Hawassa

Prime Minister Abiy Ahmed (PhD) has inaugurated new solar manufacturing factories and a gas plant at the Hawassa Industrial Park. The facilities include Toyo Phase 2, Origin and Lumintech solar factor...


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T-Bills Trap Begins in the Federal Government's Own Budget

The federal budget tells a troubling story about inflation, debt and reform. The problem i...

Editorial | May 16 , 2026

Betrothal Ritual Falls Prey to the Event Economy

When Abigiya Tewodros sat for her traditional bethrothal intercession, locally known as "S...

Featured | May 17 , 2026 . By HELINA HADGU

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Genene Gedebu reached Kucha after the campaign season for the upcoming national elections...

Agenda | May 17 , 2026 . By NAHOM AYELE

Tax Bill Tests the Line Between Compliance, Fairness

A revised tax administration law could bar taxpayers from submitting new evidence during c...

Fortune News | May 17 , 2026 . By NAHOM AYELE