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May 15 , 2021

Addis Microfinance Collects 2.6b Br in Savings

Addis Credit & Saving Institution collected 2.6 billion Br in savings over the past nine months. The microfinance institution collected 1.4 billion Br in loan payments while providing the same amo...

May 15 , 2021

Civil Aviation Authority Inaugurates Control Towers

The Ethiopian Civil Aviation Authority inaugurated four air traffic control towers last week in Gode, Robe, Kombolcha, and Hawassa airports. The towers were constructed at a cost of more than 100 mill...

May 15 , 2021

Coffee Exports Continue to Soar

Record coffee export earnings were reported for the second month in a row as the Coffee & Tea Authority announced that the country earned 114 million dollars from exporting 28,000tn of coffee betw...

May 15 , 2021

Central Bank Approves Debub Global Interest Free Banking Venture

The National Bank of Ethiopia (NBE) has greenlighted Debub Global Bank's proposal to kick off an interest-free banking operation. Debub Global, which profited 1.1 billion Br in the last fiscal year, i...

May 8 , 2021

THE CUE TO CROSS

Along the ring road in Saris, people have found enough of an opening in the metal divider that they are taking it as a cue to attempt a dangerous crossing. This is despite there being an overhead pede...

May 8 , 2021

ROOF BELG LEAKAGE

The Belg season has always experienced mild rain. But this one, like the last, has been heavy, flooding the streets and in some cases ruining roofs to the point that they leak. One such victim is this...

May 8 , 2021

CAPTAINS OF SKILL TRANSFER

Tilahun Sarka (left), director-general of the Ethiopian-Djibouti Railways, Dagmawit Moges (centre), minister of Transport, and Yehuawalashet Jemere, state minister of Transport, march down the hallway...

May 8 , 2021

Intercontinental Addis Rebrands Following Court Defeat

After eight years of a legal dispute with the Intercontinental Hotels Group (IHG), Intercontinental Addis has finally given in and changed its brand name to Inter Luxury Hotel as of last week. The...

May 8 , 2021

Aluto-Langano Geothermal Project Receives Drilling Equipment

The second set of 1,500hp geothermal drilling rigs independently developed and manufactured by Shandong Kerui Petroleum & Gas Equipment Co. was recently delivered to the Aluto-Langano geothermal p...

May 8 , 2021

Ministry Signs $200m Agreement with World Bank

Last week, the Ministry of Finance and the World Bank agreed to a 200-million-dollar loan meant to finance a nationwide digitisation project, in line with the ten-year development plan aimed at creati...

May 8 , 2021

FDI Flow Improves Slightly, Commission Reveals

Ethiopia has secured 2.05 billion dollars from Foreign Direct Investment (FDI) in the past nine months, according to the Ethiopian Investment Commission (EIC). The revenue surpasses that of the same p...

May 8 , 2021

Inflation Dips Down to 19.2pc, Lowest in Three Months

Year-on-year inflation showed a slight decline to 19.2pc last month, according to the monthly report released by the Central Statistical Agency. The rate is the lowest in three months and a decline fr...

May 8 , 2021

PM Inaugurates Modjo-Batu Expressway

A 6.3 billion Br road project connecting Modjo with Batu, also known as Ziway, was inaugurated late last week during a ceremony attended by Prime Minister Abiy Ahmed (PhD). Costing 68.4 million Br...

May 8 , 2021

EthioChicken Opens Dedicated Poultry Laboratory

EthioChicken, one of the biggest poultry producers in Ethiopia with five farms across the country, has launched the first dedicated poultry laboratory in the country. Located in Bole District around B...

May 8 , 2021

DP World Pledges to Invest $1b in Decade

DP World pledges to invest one billion dollars in the next decade to develop the supply chain infrastructure along the Berbera corridor. This will include dry ports, silos, warehouses, container yards...

Apr 30 , 2021

Central Bank Approves Ethio-Re CEO Nomination

The National Bank of Ethiopia (NBE) approved the appointment of Dawit Gebreamanuel on April 29, 2021, as the president of Ethiopian Reinsurance (Ethio-Re), the first reinsurance company in Ethiopia. ...

Columns

Commentaries | Jul 25,2026

Cost Recovery by Public Institutions Becomes a Hidden Tax

Ideally, citizens who have paid income tax all year should not have to reach for their wal...

Editorial | Jul 25 , 2026

Chasing Excellence in the Summer, Raising Questions Over Who It Leaves Behind

For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

Shematera Weavers' Chain Meets the VAT Line

The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

Agenda | Jul 25 , 2026 . By NAHOM AYELE

Global Bank Board Suspends 18 as Deposit Probe Widens

Global Bank's Board of Directors have overhauled top management, after suspending several...

Fortune News | Jul 25 , 2026 . By BEZAWIT HULUAGER

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