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Dec 27 , 2025

Ethiopian Airlines Secures 27.8 billion Birr Loan to Fund Employee Housing

Ethiopian Airlines has obtained a 27.8 billion Br loan from the Commercial Bank of Ethiopia to fund the second phase of its employee housing program, covering 5,000 homes. The initiative, part of a br...

Dec 27 , 2025

Birr Strengthens Slightly in Special End-of-Year Forex Auction

The Birr appreciated by 0.2 percent in the latest special End-of-Year foreign exchange auction, according to results released saturday. The National Bank of Ethiopia injected 150 million dollars for ...

Dec 27 , 2025

Authority, Mediation Center Join Forces on Market Disputes

The Ethiopian Capital Market Authority (ECMA) and the Ethiopian Mediation & Arbitration Center (EMAC) signed a memorandum of understanding last week to enhance dispute resolution within the capita...

Dec 27 , 2025

New Agro-Industrial Parks Mark Step in Manufacturing Development

The Ministry of Industry has identified 17 sites nationwide for integrated agro-industrial parks, building on existing facilities in Bure, Bulbula, and Yirgalem. Announced at an investment forum in Ad...

Dec 20 , 2025

EthSwich Launches EthioPay, Unified Digital Payment Platform

EthSwich has unveiled EthioPay, a national digital payment platform designed to unify all payment services under a single, secure, and accessible channel. Developed over two years at a cost of 10 mill...

Dec 20 , 2025

Siinqee Bank Quintuples Capital, Hits 151 Billion Birr in Assets

Siinqee Bank has raised its subscribed capital fivefold, from 15 billion Br to 75 billion Br, following approval by shareholders at a general meeting held at Sky Light Hotel last week. The bank's t...

Dec 20 , 2025

Enat Bank Reports Pre-Tax Profit Growth in 2024/25

Enat Bank posted a pre-tax profit of 834 million Br in the 2024/25 fiscal year, up 17 pc from 714 million Br a year earlier, according to its annual report. Total assets rose 33.6 pc to 36.4 billio...

Dec 20 , 2025

Over One Million Refugees at Risk as Aid Cuts Bite

Ethiopia's refugee response is at a breaking point, with over 1.1 million refugees at risk of losing access to food, water, healthcare, and education as emergency funding dries up. The country continu...

Dec 20 , 2025

Industrial Park Manufacturers to Sell via ZemenGebeya

An agreement signed last week between Ethio telecom and the Industrial Parks Development Corporation (IPDC) allows manufacturers in industrial parks to sell their products through ZemenGebeya. The...

Dec 20 , 2025

Small-Scale Traders Gain from Landmark Kenya Trade Agreement

Last week, Ethiopia and Kenya advanced cross-border trade as Trade Minister Kassahun Gofe(PhD) signed an agreement with Kenya's Cabinet Secretary Lee Kinyanjui. The pact, stemming from April talks in...

Dec 20 , 2025

Authority Sets Three Billion Dollars in Export Revenue

The Ethiopian Coffee & Tea Authority(ECTA) reviewed its first-quarter performance for the 2025/26 fiscal year last week, at a meeting in Adama. General Director Adugna Debela (PhD) highlighted...

Dec 20 , 2025

Awash Bank Launches Awash Capital to Expand Investment Banking Services

Awash Bank has launched Awash Capital, marking its entry into full-scale investment banking. The new unit, reportedly capitalised at 200 million Br, offers corporate finance and advisory services, und...

Dec 13 , 2025

Global Bank Ethiopia Hits NBE Capital Threshold, Reports Strong Revenue Growth

Global Bank Ethiopia has met the National Bank's minimum capital requirement of five billion birr, up from 2.4 billion Br last year, following the sale of new shares and settlement of existing subscri...

Dec 13 , 2025

Amhara Bank Returns to Profit as Growth Accelerates

Amhara Bank reported a pre-tax profit of 1.15 billion Br in the first five months of the current fiscal year, reversing a loss of 910.2 million Br in the same period last year. The bank also generated...

Dec 13 , 2025

Berlin Deepens Commitment to UNDPs Post-Conflict Work

Germany has expanded its backing for UNDP's Peace Support Facility (PSF) with an extra five million euros, reaffirming its partnership with Ethiopia's recovery efforts. The signing took place at the G...

Dec 13 , 2025

Ethiopia Electric Utility Faces Heavy Losses from Infrastructure Vandalism

The Ethiopian Electric Utility recorded significant financial losses during the first four months of 2018 due to vandalism, theft, and deliberate damage. Transformer vandalism caused over 23 million B...


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The Rent Law Protects No One Well. Time to Rewrite It.

The federal legislative house rushed through one of the country's most contentious housing...

Editorial | Jun 27 , 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

Soaring Fares Strand Families on Highways

At the sprawling Lamberet Long-Distance Bus Station near Asmara Road, the usual din of eng...

Agenda | Jun 27 , 2026 . By MASTEWAL ZEMENE

Electric Cars Boom Tests Insurers' Petrol-Era Rulebook

A year after federal transport authorities restricted fossil-fuelled vehicles to clear the...

Fortune News | Jun 27 , 2026 . By BEZAWIT HULUAGER