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Radar

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...

Oct 26 , 2025

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram...

Oct 26 , 2025

New Trade Agreement Strengthens Global Market Path

Ethiopia has signed a market access agreement with Argentina, advancing its long-standing bid to join the World Trade Organization (WTO). Trade and Regional Integration Minister, Kasahun Gofe(PhD), de...

Oct 26 , 2025

Utility Pushes Rural Electrification, Digital Payments Forward

The Ethiopian Electricity Utility (EEU) connected 107,191 new customers in the third quarter of 2025, representing an 18.3pc increase compared with the same period last year. Of these, 95.5pc are post...

Oct 26 , 2025

New Shipping Route Links Gulf, Horn of Africa

DP World has launched a new shipping route linking Berbera Port in Somaliland with Jebel Ali Port in the UAE, promoting trade between the Gulf and East Africa. Berbera features a 1,050-metre quay,...

Oct 26 , 2025

Withholding Tax on Wheat Payments Lifted

The long-standing tax dispute between wheat processors and the Ministry of Revenue has been resolved. In a circular, the Ministry of Revenue confirmed that the Ministry of Finance had acted on repeate...

Oct 26 , 2025

Ethiopia Joins African Renewables Push in Sierra Leone

The Ministry of Water & Energy is attending the second Accelerated Partnership for Renewables in Africa (APRA) Investment Forum in Freetown, Sierra Leone, aimed at boosting renewable energy invest...

Oct 18 , 2025

New Directive Tightens Rules for Foreign Employment Agencies

The Ministry of Labour & Skills has issued a directive under the Ethiopian foreign employment framework, setting clear standards for agency size, capital, and operations. Depending on their lev...

Oct 18 , 2025

Audit Findings Expose Deepening Gaps in Accountability

A new study reveals that audit irregularities in Ethiopia have continued to rise year after year, driven by weak enforcement and unresolved legacy problems. The finding, commissioned by the Office...

Oct 18 , 2025

Africa Maritime Conference Sets Sights on Seafaring Innovation

The Ministry of Transport & Logistics has launched the first-ever Africa Maritime Conference, marking a bold move to position landlocked Ethiopia as a continental hub for seafaring innovation at a...

Oct 18 , 2025

Ethio telecom Launches Znexus to Bridge Africa's Digital Divide

Ethio telecom has unveiled its own smart device brand, Znexus, marking a strategic step into the African smart device market. The launch, held last week at the Sheraton Addis Hotel, introduced a fu...

Oct 18 , 2025

NBE Drafts Rule to Tighten Bank Ownership Transfers

The National Bank of Ethiopia (NBE) has issued a draft directive to tighten oversight of the banking sector by restricting large ownership transfers and enhancing regulatory scrutiny. Titled the �...

Oct 18 , 2025

Power Utility's West Addis Office Surpasses Infrastructure Goals

The Ethiopian Electric Utility (EEU) branch in West Addis Abeba has reported over 1.2 billion Br in revenue during the first quarter of the fiscal year, achieving 91.1pc of its target. Officials cr...

Columns

Commentaries | May 22,2026

T-Bills Trap Begins in the Federal Government's Own Budget

The federal budget tells a troubling story about inflation, debt and reform. The problem i...

Editorial | May 16 , 2026

Betrothal Ritual Falls Prey to the Event Economy

When Abigiya Tewodros sat for her traditional bethrothal intercession, locally known as "S...

Featured | May 17 , 2026 . By HELINA HADGU

Quiet Campaigns Speak Loudly

Genene Gedebu reached Kucha after the campaign season for the upcoming national elections...

Agenda | May 17 , 2026 . By NAHOM AYELE

Tax Bill Tests the Line Between Compliance, Fairness

A revised tax administration law could bar taxpayers from submitting new evidence during c...

Fortune News | May 17 , 2026 . By NAHOM AYELE