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Sep 8 , 2024

Investors Urge IPDC Reconsider Increased Lease Rates

Investors in industrial parks are faced with increased lease rates for factory sheds overnight after the exchange rate floatation caused the Birr's value to plunge to less than half its value within d...

Sep 8 , 2024

New Year Ushers Electric Tariff Raise

A new electric tariff structure is implemented nationwide aimed at improving the financial health of the Ethiopian Electric Utility (EEU). This move is part of broader energy reforms to enhance infras...

Sep 3 , 2024

Adama-Awash Expressway Construction to Relocate Hundreds of Households

Hundreds of households and thousands of hectares of farmland are poised for relocation for the construction of the Adama-Awash Expressway, with total estimated budget for compensation and related cost...

Sep 1 , 2024

INSA Unveils New Data Center to Bolster Cybersecurity

The Information Network Security Agency (INSA) has introduced a new data centre that will provide digital certificates for national institutions and private companies, ensuring data confidentiality, i...

Sep 1 , 2024

Midroc Gold Expands with Million Dollar Machine Investment

Midroc Gold, a leading company in gold mining industry, has upgraded its operations with the acquisition of new heavy mining equipment, valued at over 1.5 million dollars. The delivery of two Komatsu...

Sep 1 , 2024

Ministry Urges Businesses Prioritise Quality

The crucial role of exceeding consumer expectations through high-quality production in reducing import reliance and enhancing exported goods was underlined at a recent panel discussion at the Ministry...

Sep 1 , 2024

Fed to Receive $15M Lifeline for Urgent Humanitarian Relief

The United Nations has allocated 15 million dollars to Ethiopia from its Central Emergency Response Fund (CERF) for urgent relief to millions facing hunger, displacement, disease outbreaks, and climat...

Aug 25 , 2024

Zemen Bank Expands Reach with Dutch Businesses Partnership

Zemen Bank expands its network with over 75 Dutch businesses operating in Ethiopia, signing an associate membership agreement with their lobby group last week. According to Asrat Tadesse, from Zeme...

Aug 25 , 2024

Wegagen Bank Unveils Global Prepaid Visa Card

Customers of Wegagen Bank are set to make cashless payments globally at ATMs and point-of-sale (POS) terminals, as the Bank introduces an international prepaid Visa card. Yared Endale, country mana...

Aug 25 , 2024

Italy, UNOPS Ink 1.5m Deal to Revamp Tigray Hospital

A 1.5 million euro project agreement to re-establish the healthcare services at Suhul Hospital in Tigray Regional State was signed last week. The project is expected to benefit over 18,000 people thro...

Takaful Gains Ground in Ethiopia's Insurance Market

A two-day international forum in Addis Abeba brought together experts from around the world to discuss the prospects and perils facing the growing interest-free banking industry in Africa. Discussi...

Aug 25 , 2024

Railway Corp Launches Construction Unit for Regional Road Project

The financial issues of Ethiopian Railway Corporation (ERC) are expected to be addressed as it establishes a new construction business unit. This initiative will focus on the maintenance of a 60Km roa...

Aug 20 , 2024

Customs Commission Backtracks on Pre-Float Import Tax Calculations

Ethiopian Customs Commission has announced revised import tax regulations allowing shipments documented before the currency liberalisation will be subject to import taxes calculated based on the exch...

Aug 20 , 2024

Securities Exchange Nears Launch with Advanced Trading Platform

Ethiopian Securities Exchange (ESX) is on track to launch its real-time trading platform in the coming months, marking a momentous milestone for the country's capital market. A climactic component...

Aug 18 , 2024

New Tool Tracks Africa's Youth Job Growth

A new tool to monitor and forecast youth job growth across Africa until 2030 was launched last week. The African Youth Employment Clock (AYEC) provides real-time data on job creation and employment tr...

Bloomberg-Backed Training Seeks Boosting Financial Journalism

A new financial journalism training program expected to boost the country's emerging capital markets kicked off last week. The initiative, a partnership between Bloomberg Media Initiative Africa (BMIA...

Columns

Commentaries | Apr 19,2025

Overseas Job Push Evokes Hopes at Home, Hardship Abroad

Mufariat Kamil, the minister of Labour & Skills, recently told Parliament that her Min...

Editorial | Apr 20 , 2025

From Cassette, CD Dreams to Cloud Streams

Key Takeaways Kuku Sebsibie's transition to digital singles represents a shift in the...

Featured | Apr 19 , 2025 . By BEZAWIT HULUAGER

A Holiday of Uneasy Choices

Takeaways: The Addis Abeba market faces logistical challenges with fewer livestock...

Agenda | Apr 19 , 2025 . By RUTH BERHANU

LEGACY Businesses in a Liminal Space

At first light in Addis Abeba's Qality District, the smell of freshly roasted Yirgacheffe...

Fortune News | Apr 19 , 2025