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Nov 8 , 2025

Ethiopia Joins UNESCO Executive Board

Ethiopia has secured a seat on the UNESCO Executive Board during the 43rd UNESCO General Conference in Samarkand, Uzbekistan. The Executive Board, one of UNESCO's three governing bodies alongside the...

Nov 8 , 2025

Awash Bank Launches Digital Lending Platform

Awash Bank has rolled out Mesmer Digital Lending, a new platform offering loan services to Small and Medium Enterprises (SMEs) through a digital application. Developed in partnership with the Maste...

Nov 8 , 2025

Safaricom Ethiopia Accelerates Growth in a Challenging Market

Safaricom Ethiopia reported service revenue of 6.5 billion Br, marking a striking 179pc year-on-year increase. The company narrowed its net loss by 23pc to 26.2 billion Br. Voice services now contribu...

Nov 8 , 2025

NBE Completes Ethio-Re Board, Governance Disquiet

The National Bank of Ethiopia (NBE) has approved three new board members for Ethiopian Reinsurance S.C., Birhanu Belayneh Fufa, Endalkachew Zelekew, and Tefera Wondimu W. Mariyam completing the compan...

Nov 8 , 2025

NBE Updates Banking Supervision with Basel-Aligned Capital Rules

The National Bank of Ethiopia (NBE) has issued a Risk-Based Capital (RBC) Adequacy Directive, modernising the country's banking supervision framework in line with Basel II and III standards. The direc...

Nov 8 , 2025

Ministry Pushes to Complete WTO Accession by March 2026

The Minister of Trade & Regional Integration, Kassahun Gofe (PhD), confirmed that Ethiopia is intensifying efforts to finalise its World Trade Organization (WTO) accession by March 2026. Critical...

Nov 2 , 2025

EthSwitch Sees Record Profit, Expands Digital Payment Reach

EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year's 1.06 billion Br. The performance was drive...

Nov 2 , 2025

Lion Bank Delivers Robust Results, Rewarding Shareholders

Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank's General Ass...

Nov 2 , 2025

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank's total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 b...

Nov 2 , 2025

Authority Launches Digital Plant Health Certification System

The Ethiopian Agricultural Authority has introduced the Integrated Export and Import Certification System (IEICS) – e-Phyto Project, a digital platform replacing paper-based plant health certificate...

Nov 2 , 2025

EU, Finance Ministry Sign Deal for 2025 Action Plan

Ministry has signed a €90 million finance agreement with the European Union (EU) under the Annual Action Plan (AAP) 2025, marking a renewed phase of cooperation. The deal was signed last week in Add...

Nov 2 , 2025

Chapa Deal Brings ATM-Linked Ticket Payments to Ethiopian Airlines

Ethiopian Airlines has partnered with Chapa Digital Payment Technologies to integrate direct bank payments into its ticketing system, enabling customers to use their ATM cards across all connected ban...

Nov 2 , 2025

Water Ministry Signs Contract for Deep Well Project

The Ministry of Water & Energy has signed a 2.72 billion Br contract to drill 49 deep wells under the Horn of Africa Sustainable Water Project, backed by a 210 million dollar World Bank grant. The...

Nov 2 , 2025

Local Tech Firms Propel Drone Production from Showcase to Scale

Ethiopia has produced 300 drones over the past three months, marking a milestone in its push to localise advanced technology manufacturing. The Information Network Security Administration (INSA) discl...

Oct 26 , 2025

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual sharehold...

Oct 26 , 2025

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and region...


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Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE