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Sep 29 , 2024

$2.7 Million Digital Boost for Youth

Safaricom Ethiopia partnered with Vodafone Foundation, United States Agency for International Development (USAID) and Amref Health Africa to support the Kefeta (USAID Integrated Youth Activity) Projec...

Sep 29 , 2024

Centre Looks to Enhance Ethio-China Trade, Investment

In a bid to enhance trade and investment between China and Ethiopia, the first Africa-China Investment and Trade Facility (ACTIF) center has been inaugurated last week at Hyatt Regency Hotel, with hop...

Melika Bedri Replaces Melaku Kebede at EthSwitch Board of Directors

ZamZam Bank' president is elected Vice Chair of the Board of Directors for the national switch, replacing the former United Bank president. This was announced in a special program organized by EthSwit...

Sep 22 , 2024

CBE, Visa Join Hands

The agreement between Visa International and the Commercial Bank of Ethiopia will last for five years and will include capacity building training for the bank's staff. The strategic agreement is cruci...

Sep 22 , 2024

Ethio Telecom Signs Strategic Partnership

The giant telecom company signed a strategic partnership agreement with the Chinese company which includes the provision of foreign currency to import and develop new technologies. The agreement was s...

Sep 22 , 2024

Lion International Bank Ready for Liberalized Market

Lion International Bank held a ceremony last week at Skylight Hotel on Africa Avenue to recognize and appreciate its longstanding customers who have played a pivotal role in mobilizing foreign exchang...

Sep 22 , 2024

IGAD Unveils Master Plan for Sustainable Tourism Development

The Intergovernmental Authority on Development (IGAD) launched a ten-year master plan to unify and strengthen tourism development efforts across its member countries. The plan was unveiled at a ceremo...

Sep 22 , 2024

World Bank Approves $90m For Horn Corridor Development

The World Bank has approved 90 million dollars in additional financing for the Addis Abeba to Djibouti road corridor development project, part of a broader initiative for regional integration in the H...

Sep 22 , 2024

Telecom giant to bridge rural digital divide

Ethio Telecom looks to offer over 250,000 discounted smartphones to low-income rural communities, looking to significantly narrow the digital divide. The giant parastatal has unveiled its ambitious 2...

Sep 14 , 2024

Global Climate Innovators Launch New Campaign

A global campaign featuring up to 50 diverse innovators and their tangible climate solutions across regions, industries, and communities was launched last week. Dubbed the Impact Makers, it is hop...

Sep 14 , 2024

AfDB Country Director Meets Finance Minister

The newly appointed African Development Bank (AfDB) Country Director for Ethiopia met with Minister of Finance Ahmed Shide last week, signing a one million dollar Grant Agreement to support communitie...

Sep 14 , 2024

City Gears Up for Pan African Lawyers Union Congress

Over 400 members of bar associations across Africa and representatives from regional and international organisations will convene in Addis Abeba next month for the 14th Pan African Lawyers Union (PALU...

Sep 14 , 2024

Energy Ministry Seeks to Boost Biofuel Use

The biofuel development and utilisation strategy was up for discussion between officials at the Ministry of Water & Energy and stakeholders last week. Gosaye Mengiste, energy sector advisor at...

Sep 14 , 2024

Finance Ministry Receives $10.3m for Ex-Combatant Reintegration

The national demobilisation and reintegration program has garnered nearly 10.3 million dollars from Canada. The funding is expected to aid in the demobilisation of over 371,971 ex-combatants and their...

Sep 14 , 2024

Ministry Announces Dismal National Exam Results

Ministry of Education has released the results of this year's 12th-grade national exam, revealing a marginal improvement in student performance. Still, only 5.4pc of the 674,823 students who took the...

Sep 8 , 2024

Fitch Downgrades Lemmi National Cement Investor

Fitch Ratings has lowered West China Cement Limited's (WCC) credit rating due to concerns over its financial health and operating environment in Ethiopia. The company's Long-Term Issuer Default Rating...


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