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Oct 18 , 2025

New Directive Tightens Rules for Foreign Employment Agencies

The Ministry of Labour & Skills has issued a directive under the Ethiopian foreign employment framework, setting clear standards for agency size, capital, and operations. Depending on their level, newly established agencies can serve between 10 and over 100 workers a day. Office space require...

Oct 18 , 2025

Audit Findings Expose Deepening Gaps in Accountability

A new study reveals that audit irregularities in Ethiopia have continued to rise year after year, driven by weak enforcement and unresolved legacy problems. The finding, commissioned by the Office of the Federal Auditor General (OFAG) and conducted by independent researchers from Addis Abeba University, examined audit reports covering 2009–2023. The study attributes the persistent irregularities to limited accountability, poor follow-up, and reduced audit coverage during political transitions and election years. Researchers recommend granting OFAG full financial, administrative, and op...


Oct 18 , 2025

Africa Maritime Conference Sets Sights on Seafaring Innovation

The Ministry of Transport & Logistics has launched the first-ever Africa Maritime Conference, marking a bold move to position landlocked Ethiopia as a continental hub for seafaring innovation at a time of global talent shortages. At a pre-conference briefing, Frans Joubert, CEO of YCF Manning Ltd, underscored Africa's untapped potential in the maritime sector. Of the 1.9 million seafarers worldwide, only four percent are African—despite the continent hosting around 150 maritime academies. “We're on the verge of unlocking significant value,” a conference spokesperson said, pointing...


Oct 18 , 2025

Ethio telecom Launches Znexus to Bridge Africa's Digital Divide

Ethio telecom has unveiled its own smart device brand, Znexus, marking a strategic step into the African smart device market. The launch, held last week at the Sheraton Addis Hotel, introduced a full suite of products, including smartphones, tablets, laptops, PCs, thin clients, and cloud workspace solutions. Chief Executive Officer Frehiwot Tamiru said the brand responds to Africa's lingering digital gap. While telecom infrastructure has expanded across Sub-Saharan Africa, millions remain offline due to the high cost of smartphones and limited exposure to digital devices. She describe...

Oct 18 , 2025

NBE Drafts Rule to Tighten Bank Ownership Transfers

The National Bank of Ethiopia (NBE) has issued a draft directive to tighten oversight of the banking sector by restricting large ownership transfers and enhancing regulatory scrutiny. Titled the “Transfer of Significant Ownership in a Bank Directive,” the proposal seeks to align to the supervision framework with international standards while ensuring the suitability and financial soundness of new shareholders. The directive requires prior NBE approval for any transfer involving a stake of two percent or more. Prospective shareholders must disclose their financial standing, governance...

Oct 18 , 2025

Power Utility's West Addis Office Surpasses Infrastructure Goals

The Ethiopian Electric Utility (EEU) branch in West Addis Abeba has reported over 1.2 billion Br in revenue during the first quarter of the fiscal year, achieving 91.1pc of its target. Officials credit the improved revenue performance to enhanced service delivery and customer expansion efforts across the region. The update was shared during a consultation forum held with customers and stakeholders to review the quarter's performance. According to the report, the utility connected 1,317 new customers, reaching 86.7pc of its target. The branch also surpassed its infrastructure goals, layin...


Oct 18 , 2025

Trade, Investment in Focus at Pakistan, Africa Expo

The 5th Pakistan–Africa Trade Development Conference (PATDC) and “Made in Pakistan” Exhibition took place at Millennium Hall, bringing together over 100 delegates from African nations including Burundi, Rwanda, South Sudan, Djibouti, Kenya, Nigeria, Tanzania, and Uganda. Organized by the Government of Pakistan, TDAP, and the Embassy of Pakistan in Addis Ababa, the event focused on boosting trade, investment, and collaboration in technology and industry. Ambassador Mian Atif Sharif called Africa “an emerging global power” with 1.4 billion people, a 3.4 trillion dollars GDP, and...

Oct 18 , 2025

City Prepares First Electric Bus Rapid Transit Corridor

The Addis Abeba Transport Bureau, working with the City Roads Authority, will launch the construction of the capital's first electric Bus Rapid Transit (BRT) corridor this year—a landmark step toward sustainable urban mobility, said Mohammed Hussen, Team Leader for BRT Development, Study, and Technical Support at the Transport Bureau. The 15.3 km, third-generation electric BRT line, financed with 85 million euros by the French Development Agency (FDA), will link Menelik II Square, Mercato, Teklehaymanot, Mexico, Qera, Gofa Gebriel, German Square, and Jemo. Project Management and Constr...


Radar

Oct 12 , 2025

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of m...

Oct 12 , 2025

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same peri...

Oct 12 , 2025

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spre...

Oct 12 , 2025

Revenue, Customs Launch Eight New Tech Systems

The Ministry of Revenues and the Ethiopian Customs Commission have unveiled eight digital systems designed to modernize tax and customs operations. The launch took place during the 7th Honest Taxpayer...

Oct 12 , 2025

Millions in Unsafe Food, Health Items Seised Across Addis Abeba

The Addis Abeba Food & Drug Authority (AAFDA) removed unsafe and expired food and health products valued at over 23.3 million birr following extensive inspections during the New Year, Meskel, and...

Oct 12 , 2025

Zemen Bank to Distribute Five-Year Retained Earnings to Shareholders

Zemen Bank S.C. has approved the distribution of three percent from funds retained over the past five years, originally earmarked to hedge against default risk. The decision, announced during its ...

Oct 12 , 2025

Heifer International, Hello Tractor, Ministry of Agriculture Launch Tractor Scheme

Heifer International Ethiopia, in partnership with Hello Tractor and the Ministry of Agriculture, has rolled out a Pay-As-You-Go (PAYG) tractor financing program designed to boost rural mechanisation...

Oct 5 , 2025

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was...

Oct 5 , 2025

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment trac...

Oct 5 , 2025

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the instituti...

Oct 5 , 2025

Diaspora Lending Initiative Seeks to Unlock Revenue

The Commercial Bank of Ethiopia (CBE) has unveiled a 50 billion Br loan facility for the diaspora, planning to boost remittance inflows. Abie Sano, the bank's President, said Ethiopia could earn over...

Oct 5 , 2025

Third Phase of 100-Day Electricity Upgrade Gets Underway

The second round of a nationwide 100-day plan directed towards reducing power outages and improving grid reliability has been completed. Using GPS technology, the program identified areas most affecte...

Oct 5 , 2025

Education Ministry Lowers Cut-Off for University Entry

The Ministry of Education has adjusted the national university admission threshold, allowing students who scored just below the official requirement to enroll. Candidates who achieved between 49.50pc...

Oct 5 , 2025

Economic Gains Threatened by Currency and Regulation

Ethiopia is navigating a complex economic landscape. While the government has launched significant liberalisation efforts, structural restrictions, currency volatility, and challenging regulatory prac...

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 Con...

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...


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A New Paradigm for Financing Education

Sunday with Eden | Oct 18,2025

Luxury of the Ordinary

Agenda | Oct 18,2025

Traders Count the Cost as Officials Sweep Through Mercato

Editorial | Oct 18,2025

Official Narratives Preach Recovery. People Don't Feel It


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Official Narratives Preach Recovery. People Don't Feel It

The political establishment, notably the ruling party and its top brass, has become preocc...

Editorial | Oct 18 , 2025

TRADITION THRIVES AS COSTS CLIMB

As dawn broke over Addis Abeba last week, the city's arteries pulsed not with the usual we...

Featured | Oct 5 , 2025 . By REDIET YARED

Traders Count the Cost as Officials Sweep Through Mercato

Last Tuesday, long before dawn, Mercato was awake but not to haggle. Around Mierab Hotel,...

Agenda | Oct 18 , 2025 . By YITBAREK GETACHEW

Addis Abeba Raises Health Insurance Fees as Fiscal Pressures Mount

In a sweeping reform that upends nearly a decade of uniform health insurance contributions...

Fortune News | Oct 18 , 2025 . By NAHOM AYELE