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May 9 , 2026

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation...

May 9 , 2026

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye (PhD), EIH oversees major state-owned enterprises, including Ethiopian Airlines Group, Ethiopian El...


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, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have resumed operations, strengthening employment creation. Financing has expanded significantly, wit...


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 covering residential, commercial, and government buildings. The agreement was signed by Federal Housing Corporation CEO Reshad Kemal (PhD) and Governor Emmanuel Adil. The deal establishes a framework for joint work in housing construction and urban development in Juba, including the transfer of expertise in housing administration and project implementation. Reshad said the corporation will...

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 recognition event themed “From Shared Success to Future National Missions,” where the company was acknowledged for its role in national digital and fundraising initiatives. Chapa said its payment gateway enabled citizens to pay National ID registration fees remotely, removing the need for in-person payments at registration centres. Beyond the ID programme, the platform has also supported online fun...

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 trade, financing systems, and commodity market development. The agreement followed a study visit and training programme hosted by the ECX Academy for senior NIRSAL officials from May 4 to 7, focused on commodity exchange operations and agricultural finance. The two institutions will collaborate on warehouse receipt financing, quality control, digital trading systems, risk management, and technical...


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 (ECMA) and met operational requirements, the exchange announced on May 8 in Addis Abeba. The move allows the two banks to execute trades and act as intermediaries between investors and companies seeking capital, bringing total ESX trading members to seven. ESX CEO Tilahun Esmael said the development reflects steady progress in Ethiopia's capital market ecosystem and expands access for both d...

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 combines TerraPay's cross-border payments network, Quantoz's regulated digital euro settlement infrastructure, and the bank's nationwide branch network to streamline inward remittances into the country. The platform integrates digital settlement technology with domestic banking services, expanding access to remittances across households while operating within local regulatory frameworks. TerraPay...


Radar

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...

Apr 26 , 2026

Ministry Reports Solid Agricultural Revenue Performance

The Ministry of Agriculture has generated more than three billion dollars from the agricultural sector in the first nine months of the current fiscal year. Minister Addisu Arega announced the figur...

Apr 19 , 2026

Hibret Bank, Kacha Digital Sign Fintech Partnership Deal

Hibret Bank has partnered with Kacha Digital Financial Services through a memorandum of understanding signed last week at the bank's headquarters, with senior management from both institutions in atte...

Apr 19 , 2026

Italian Firms Showcase Investments at Big 5 Construct Ethiopia

The Addis International Convention Center is set to host the Big 5 Construct Ethiopia 2026 from April 23–25, with the Italian Pavilion positioned as a key feature of the event. Italy's investment...

Apr 19 , 2026

Ministry Rolls Out Second Phase of Agricultural Investment Plan

The Ministry of Agriculture (MoA) has launched the second phase of the Ethiopia Strategic Investment Framework (ESIF II), a 15-year roadmap directed at improving agricultural productivity and land man...

Apr 19 , 2026

Addis Chamber Schedules Annual Trade Fair for Late April

The Addis Abeba Chamber of Commerce & Sectoral Associations (AACCSA) is set to host the 27th Addis Chamber International Trade Fair, scheduled to open on April 23, 2026, at the Addis Abeba Exhibit...

Apr 19 , 2026

Ethioder, Tulefa Ceramic Sign Production Cooperation Agreement

Ethioder Plc and Tulefa Ceramic have signed a cooperation agreement aimed at scaling up ceramic production and strengthening market linkages, according to Ethioder. The agreement, signed on April ...


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The Geopolitical Battle Over Monetary Infrastructure

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The AI Risk to Focus On

Sunday with Eden | May 09,2026

The Silence That Leadership Can't Keep

Agenda | May 09,2026

Period Poverty Crisis Forces Women to Pay For Dignity

Editorial | May 09,2026

Every Encounter with the State Should Not Become an Invoice


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Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE