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Jun 5 , 2021

Ministry, World Bank Sign $250m Deal

The Ministry of Finance and the World Bank have signed a 250 million dollar loan agreement for the funding of a project that aims to fortify social services in the country. The Enhancing Shared Pro...

Jun 5 , 2021

Local Contractor Inches Closer to Stadium Renovation Deal

A local contractor has given the least offer of 39.6 million Br for renovation work on the Yidnekachew Tessema Stadium (also known as the Addis Abeba Stadium). The bid, which has garnered the attentio...

Jun 5 , 2021

Italy Extends 400,000 Euros in Election Support

The government of Italy has donated 400,000 euros to the United Nations Development Program (UNDP) for its "Supporting Elections for Ethiopian Democracy Strengthening (SEEDs)" initiative, which has a...

Jun 5 , 2021

Ernst & Young Offers Lowest Sugar Privatisation Bid

Ernst & Young, one of the four largest international consulting firms, is inching closer in its bid to serve as a transaction adviser in the privatisation of 10 out of the 13 state-owned sugar fac...

Jun 5 , 2021

Safaricom Consortium Deposits Full License Fee

The Global Partnership for Ethiopia, a consortium of large telecom operators who won the country's very first private telecom license a few weeks ago, has deposited the full licensing fee amounting to...

Jun 5 , 2021

Council of Ministers Approves 561.7b Br Budget

The Council of Ministers has approved a 561.7 billion Br budget for the 2021/22 fiscal year. An all-time high, the figure portrays an 18pc increase from last year's budget and a 54pc jump from that of...

May 29 , 2021

Street Art for Peace

A colourful street painting embellishes part of an overpass in the Sarbet area. It portrays a man and a woman holding doves, which represent peace. The text in the painting reads, “Peace for All.â€...

May 29 , 2021

Huawei's Best, Brightest

Betelhem Dessie (left), CEO at iCOG-Anyone Can Code, and Matthew Davis (centre), CEO of Renew, were among the participants of the launch of the national round of the Sixth Global Huawei ICT Competitio...

May 29 , 2021

Repavement

The pedestrian streets are undergoing yet more rehabilitation in several parts of Addis Abeba, creating an inconvenience for the passerby as usual. This one is in the Stadium area, on Ras Desta Damtew...

May 29 , 2021

Tana Beles Sugar Factory Begins Production

Tana Beles Sugar Factory, one of the 13 state-owned sugar production facilities, has begun pilot production. The factory, located in Awwi Zone, Amhara Regional State, has the capacity of producing thr...

May 29 , 2021

Road Traffic Causalities Decline by a Fifth

The Addis Abeba Traffic Management Agency released a report last week detailing that 287 people have lost their lives from road accidents so far this fiscal year, an 18pc decrease from the figure reco...

May 29 , 2021

Fourth Phase of Sanitation Initiative Kicks Off

The fourth phase of the Community-Led Accelerated Water, Sanitation & Hygiene project (COWASH IV) was kicked off during a ceremony attended by dignitaries of the Government of Finland. The 41-m...

May 29 , 2021

Mung Bean Keeps Receiving Record-High Offers

Green mung bean continues to receive record-high offers on the floor of the Ethiopian Commodity Exchange (ECX). On May 27, 2021, green mung bean harvested in Gonder received an offer of 6,335 Br a...

May 29 , 2021

Ethio-Djibouti Rail Transports 1.5 Million tns of Goods

Ethio-Djibouti Standard Gauge S.C. has managed to transport 1.45 million tns of goods in the current fiscal year. Operation, which had been halted due to the COVID-19 pandemic, has resumed with the ra...

May 29 , 2021

IFAD, EU Pledge 26.5m euros to Rural Project

The International Fund for Agricultural Development (IFAD) and the European Union (EU) have committed to 26.5 million euros in funding to micro, small and medium enterprises (MSMEs) and cooperatives i...

May 29 , 2021

Parliament Approves 786 million Br for Five Institutions

Parliament's Standing Committee for Revenue, Budget and Finance affairs, chaired by Yayesh Tesfahunegn, has approved a 786 million Br budget for the next fiscal year for five public institutions. T...


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital

The recent policy decision to fully open freight forwarding to foreign capital may become...

Editorial | Jun 13 , 2026

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

THE PRICE OF MISTRUSTING THE TAP

Bottled water, once a symbol of convenience and safety for most residents, has become a sm...

Agenda | Jun 14 , 2026 . By HELINA HADGU

Parliament Receives Biggest Budget Bill, Debt Already First in Line

Finance Minister Ahmed Shide walked into Parliament on Thursday, June 11, 2026, with the l...

Fortune News | Jun 14 , 2026 . By NAHOM AYELE