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Jul 19 , 2026

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet...

Jul 19 , 2026

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or service charges. Aligned with the World Bank's third Ethiopia Development Policy Operation, it is expected...


Jul 19 , 2026

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billion Br, while gross written premiums reached four billion birr. The company reported a pre-tax prof...


Jul 19 , 2026

Aysha Wind Project Secures AfDB Financing

The African Development Bank (AfDB) has approved a financing package worth 110 million dollars for Ethiopia's 300MW Aysha Wind Project, the country's first privately developed wind power plant. The 508 million dollar project, developed by UAE-based AMEA Power, will be built in the Somali Regional State under Ethiopia's first Independent Power Producer (IPP) model for wind energy. The wind farm is expected to generate 1,189GWh of electricity annually...

Jul 19 , 2026

Economists Call for Adaptive Strategy as Global Pressures Mount

Economists and policymakers urged a shift toward a more adaptive development strategy as global challenges reshape the country's economic future. The message was delivered at the 23rd International Conference on the Ethiopian Economy, hosted by the Ethiopian Economics Association (EEA). Finance Minister Ahmed Shide noted 9.2 pc economic growth over the past year, is supported by agriculture, services, and industry, while stressing the need to improve export competitiveness, implementation, and productive employment. Participants discussed reforms, resilience, and strategies to sustain th...

Jul 19 , 2026

Ethiopia Joins Global AI Cooperation Body as Founding Member

Ethiopia has become a founding member of the newly established World Artificial Intelligence Cooperation Organization (WAICO), joining 28 other countries in launching the international body during the 2026 World Artificial Intelligence Conference (WAIC) in Shanghai, China. Innovation and Technology Minister Belete Molla signed the founding agreement on behalf of Ethiopia, citing the country's progress in artificial intelligence through the establishment of a national AI institute and the adoption of an AI policy...


Jul 19 , 2026

INSA Restricts Certain IT Products Over National Security Concerns

The Information Network Security Administration (INSA) has classified 92 information technology products based on national security risks, with 65 listed as restricted and 27 as prohibited. Prohibited and restricted products are banned from import, export, and use, unless the  items meets requirements of INSA certification and approval. The list includes heavy drones, satellite phones, GNSS equipment, network analyzers, digital forensic tools, and high-performance servers. Applicants for  products must submit product details, intended use, and relevant permits, with INSA conducting rev...

Jul 19 , 2026

Accounting Qualification Programme Expands, Accredits 11 Institutions

The Ethiopian Institute of Certified Public Accountants (ETICPA) has accredited 11 institutions to deliver the Accounting Technician Qualification Ethiopia (ATQE), marking the first approval of training providers since the programme's establishment. The accredited institutions include eight public universities, Unity University, and two private training providers. The programme is designed to address Ethiopia's shortage of qualified accountants by establishing a standardised pathway for professional training. The first ATQE examinations will be held from July 27-30 in Addis Abeba, Bahir...


Radar

Jul 12 , 2026

Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunitio...

Jul 12 , 2026

Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br...

Jul 12 , 2026

Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the ba...

Jul 12 , 2026

Addis Abeba Caps Annual Rent Increases at 11.5pc

Addis Abeba has approved an 11.5pc ceiling on annual rent increases for privately owned residential properties for the 2026/2027 fiscal year under the city's Residential Rent Control Proclamation. ...

Jul 12 , 2026

Ethiopia, South Korea Expand Development Finance Pipeline

South Korea and Ethiopia are preparing a new pipeline of projects under the Economic Development Cooperation Fund (EDCF), while also working to fast-track the implementation of existing investments wo...

Jul 12 , 2026

Awash Insurance Posts Double-Digit Growth Across Insurance Lines

Awash Insurance recorded gross written premiums (GWP) of more than six billion Br in the 2025/26 fiscal year, reflecting a 35pc year-on-year increase. Growth was driven by expansion across non-life...

Jul 12 , 2026

City Raises Regulatory Bar for Construction Mineral Producers

Construction mineral producers will face stricter licensing requirements, tighter environmental standards and greater regulatory scrutiny under a new government directive introduced by the Addis Abeba...

Jul 4 , 2026

ZamZam Bank Registers Shares, Eyes Capital Market Debut

ZamZam Bank has secured approval from the Ethiopian Capital Market Authority (ECMA) to register its shares, becoming the first fully interest-free bank to complete the regulatory process for public tr...

Jul 4 , 2026

Commercial Bank of Ethiopia Posts Record 80bn Br Annual Profit

The Commercial Bank of Ethiopia (CBE) posted a record gross profit of 80.09 billion Br for the fiscal year ended June 30, becoming the first bank to announce its annual results after its strongest per...

Jul 4 , 2026

The Ethiopian Statistics Service Moves to Embed AI, Big Data in New Statistics Law

The Ethiopian Statistics Service (ESS) is pushing a legislative reform to establish a modern National Statistics System that legally integrates Big Data analytics and Artificial Intelligence. The draf...

Jul 4 , 2026

Tourism Ministry, Toppan Ethiopia to Launch Virtual Tourist Centre at Bole Airport

The Ministry of Tourism and Toppan Ethiopia have signed a memorandum of understanding to establish a virtual tourist information centre at Bole International Airport, aiming to improve digital informa...

Jul 4 , 2026

Ethiopian Airlines Launches Thrice-Weekly Service to Lyon, France

Ethiopian Airlines has launched a new thrice-weekly passenger service to Lyon, France, July 2, 2026, strengthening its European network and enhancing connectivity between Africa and Europe. The new...

Jul 4 , 2026

New Directive Formalises Ethio-Kenya Small-Scale Border Trade

The Ministry of Trade & Regional Integration (MoTRI) has approved a directive establishing a simplified border trade regime with Kenya to regulate small-scale cross-border commerce. Officials s...

Jun 27 , 2026

Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to buil...

Jun 27 , 2026

Zemen Bank Launches Z-Qamar Interest Free Banking Service

Zemen Bank has launched its interest-free banking service, Z-Qamar, joining the country's expanding Sharia-compliant finance market as it seeks to broaden its customer base and diversify revenue strea...

Jun 27 , 2026

Four Law Firms Merge to Launch Taza Legal

Four Ethiopian legal practices have merged to establish Taza Legal LLP, creating one of the country's largest independent full-service law firms amid rising demand for sophisticated legal services. ...


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Commentaries | Jul 18,2026

The Missing Half of Ethiopia's Coffee Plan

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My Opinion | Jul 18,2026

Let Evidence, Not Ideology, Settle the AI Debate

Sunday with Eden | Jul 18,2026

A Consultation Worth Less Than Bread

Agenda | Jul 19,2026

A Sack of Cement, with the Chain No One Can See

Editorial | Jul 18,2026

Millions Looking for Work. Companies Cannot Find Many to Hire. A Paradox?


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Millions Looking for Work. Companies Cannot Find Many to Hire. A Paradox?

Pressed in Parliament on jobs and household incomes, Prime Minister Abiy Ahmed (PhD) offer...

Editorial | Jul 18 , 2026

EL NINO MEETS A REGION EMPTIED BY WAR

Weldu Yiheysh, a farmer in Shibta District of Enderta Wereda in the Southeast Zone, was st...

Featured | Jul 19 , 2026 . By GEBRU KAHSAY and WORKINEH DIRIBSA

A Sack of Cement, with the Chain No One Can See

In the Jemo area of Addis Abeba, Fikremariam Wondimu no longer trades cement so much as ga...

Agenda | Jul 19 , 2026 . By FITSUM TADESSE

Adverse Opinions Pile Up as Addis Abeba’s Budget Hits a Record

Bureaus, agencies and institutions under the Addis Abeba City Administration are sitting o...

Fortune News | Jul 19 , 2026 . By BEZAWIT HULUAGER