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Jun 21 , 2026

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECC...

Jun 21 , 2026

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of living. To finance the half-trillion Birr expenditure, the administration intends to leverage in...


Jun 21 , 2026

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cultural relevance. Kantar's West, Central and East Africa Managing Director Daniel Osman said the too...


Jun 21 , 2026

CBE Backs North America Diaspora Festival, Platinum Sponsorship

Commercial Bank of Ethiopia (CBE) has signed a platinum sponsorship agreement for the 43rd Annual Ethiopian Sports and Culture Festival in North America, set to run from June 27 to July 4, 2026, at TCO Stadium in Minnesota. The agreement was signed by CBE's Mengistu Solomon and ESFNA Public Relations Head Yared Negash at the bank's headquarters. Mengistu said the partnership reflects CBE's commitment to strengthening ties with the Ethiopian Diaspora while promoting its international banking services. During the week-long festival, the bank will encourage Ethiopians abroad to use official...

Jun 21 , 2026

Coffee Export Value Climbs Despite Falling Shipment Volumes

Coffee export earnings reached 2.61 billion dollars in the first 11 months of 2025/26, marking a 16.4pc increase compared to the full 2024/25 fiscal year. The growth came despite a 9.8pc decline in export volume, which dropped to 369,552 tons from 409,605 tons. The rise in revenue is driven by higher unit prices across key markets. Saudi Arabia remained the largest importer, generating 429.4 million dollars with nearly stable volumes but a 32.2pc jump in value. East Asian demand strengthened, with China reaching 301.6 million dollars and Japan nearly tripling to 62.8 million dollars, while...

Jun 21 , 2026

Soil Degradation Outpaces Recovery as Ethiopia Builds National Coordination Forum

Ethiopia mitigates around 25,000 hectares of land annually against soil degradation, a rate far below the 18 million hectares currently affected by acidity and salinity. The scale includes seven million hectares of acidic soil and 11 million hectares impacted by salinity, underscoring a widening gap between intervention and degradation. To address the challenge, the Ministry of Agriculture and the International Fertilizer Development Center (IFDC) have launched the National Soil Health & Fertility Stakeholders' Discussion Forum. The platform brings together the Ethiopian Agricultural Tr...


Jun 21 , 2026

Industrial Parks Deploy 6.9b Birr Incentive Push to Scale Local Manufacturing

The Industrial Parks Development Corporation (IPDC) has allocated 22 hectares of rent-free land and a 6.9 billion Br incentive package to 50 local medium-sized manufacturers. The programme targets import substitution, with 24 firms assigned to the Kilinto Special Economic Zone for pharmaceutical and medical equipment production, while the remaining 26 will operate across the Bole and Kilinto corridors. According to IPDC Deputy CEO Fitsum Ketema, the package is designed to ease upfront capital pressures facing domestic investors. The fiscal support includes waived security deposits, removal...

Jun 15 , 2026

Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiopian companies. The programme will feature property exhibitions, investment forums, panel discussion...


Radar

Jun 14 , 2026

City Audit Uncovers 188 Million Br in Financial Irregularities

The Addis Abeba Finance Bureau has implemented corrective measures on 187.7 million Br in financial irregularities identified across 75 public institutions, as the city grapples with a 350-billion-Br...

Jun 14 , 2026

Siket Bank Enters Commodity Trade Finance

Siket Bank has signed a strategic partnership agreement with the Ethiopia Commodity Exchange (ECX) to integrate its digital payment gateway and introduce warehouse receipt financing for agricultural t...

Jun 14 , 2026

Bureau Disburses Large Compensation for Urban Redevelopment Displacements

The Land Development and Administration Bureau said it has disbursed 15.5 billion Br in compensation to property owners displaced by urban redevelopment projects across the city during the current fis...

Jun 14 , 2026

ESLSE Tightens Spending, Saves Half a Billion Birr and Exceeds Targets

The Ethiopian Shipping & Logistics Services Enterprise (ESLSE) said it has saved over half a billion birr in the past 10 months, crediting the turnaround to strict cost-control measures and target...

Jun 14 , 2026

Authority Launches World Bank Backed Reform for Power Sector Regulation

The Petroleum and Energy Authority (PEA), with World Bank support, has launched a capacity-building programme to address regulatory gaps, modernise infrastructure, and enhance oversight in the country...

Jun 14 , 2026

After Four Years, National Dialogue Heads to Final Summit

The National Dialogue Commission will convene its final national summit on July 15, 2026, in Addis Abeba. Chief Commissioner Mesfin Araya (Prof.) announced the timeline during a press briefing at the...

Jun 7 , 2026

Association Reports Largely Peaceful Vote, Flags Gender Gaps, Registration Issues

The Ethiopian Women Lawyers Association (EWLA) says the 7th National and Regional Elections held on June 1, 2026 were largely peaceful, orderly, and transparent, based on its preliminary monitoring re...

Jun 7 , 2026

ESL Prepares to Launch Full Digital Logistics Platform

Ethiopian Shipping & Logistics (ESL) is finalising plans to roll out a comprehensive digital service platform aimed at reducing bureaucracy and streamlining maritime trade operations. Under its...

Jun 7 , 2026

Ministry of Revenues Reports High Number of Digital Tax Payments

The Ministry of Revenues reported over 281 billion Br collected through its electronic payment platform in the first 10 months of 2026. Elsabeth Ashenafi said the record digital inflow reflects a s...

Jun 7 , 2026

Trade, Finance Alliance Targets Africa's Coffee, Leather Industries

The International Trade Centre (ITC) and Equity Group Holdings have signed a deal to boost inclusive, scalable economic growth in East Africa, beginning with Kenya, focusing on coffee, leather and cre...

Jun 7 , 2026

Eth-Switch Reports Five Billion Br Transaction in Single-Day

Eth-Switch S.C., the country's national payment switch, recorded a milestone after its interoperable instant payment platform, Ethio-Pay-IPS, processed more than one million transactions in a single d...

Jun 7 , 2026

Capital to Host Global Leaders for Africa Trade Development Forum 2026

Africa's heads of state, policymakers, and leading industrialists are set to gather in Addis Abeba on November 23–24, 2026, for the biennial Africa Trade Development Forum (ATDF), co-hosted by the M...

May 31 , 2026

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includ...

May 31 , 2026

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory va...

May 31 , 2026

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of...

May 31 , 2026

Ethiopia Calls for Scaled-Up Rural Financing at IFAD14

Ethiopia urged a significant scale-up in strategic financing for Africa's rural transformation at the IFAD14 meeting in Brazzaville, Congo on May 27. State Minister for Finance Semereta Sewasew framed...


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The Promise and Peril of AGI

Sunday with Eden | Jun 20,2026

Prevention Starts Years Before the First Diagnosis

Agenda | Jun 21,2026

For Consumers in Addis Abeba, Even Thrift Becomes Expensive

Editorial |

The Budget Bill Asks the Most from Citizens with the Least Slack


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The Budget Bill Asks the Most from Citizens with the Least Slack

When Parliament takes up the appropriation bill, federal legislators will receive a docume...

Editorial |

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

For Consumers in Addis Abeba, Even Thrift Becomes Expensive

For Senayit Bekele, the day's rhythm begins at a vegetable stall. The lunchtime crowd spil...

Agenda | Jun 21 , 2026 . By BEZAWIT HULUAGER

AG MESERET MAKES AUDIT MISMATCH HARD TO DEFEND

Federal and regional authorities have spent months urging taxpayers to pay more into the t...

Fortune News | Jun 21 , 2026 . By NAHOM AYELE