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Feb 23 , 2025

EIH Sets Stage for Integrated Farming Development

Ethiopian Investment Holdings (EIH) and its subsidiary Ethiopian Agricultural Business Corporation (EABC), and Asset Green have finalized a Shareholders Agreement (SHA) to jointly develop an integrate...

Feb 23 , 2025

Electric Utility Gets New CEO

A leadership change at Ethiopian Electric Utility (EEU) has been implemented by Ethiopian Investment Holdings (EIH) with Shiferaw Telila replaced by Getu Geremew as the new CEO. Shiferaw held the role...

Feb 18 , 2025

Regional Development Banks Tie-up for Private Sector Growth

Arab Bank for Economic Development in Africa (BADEA) and Trade Development Bank Group (TDB) signed a 100-million-dollar disbursement for a hybrid capital instrument last week on the sidelines of the A...

Feb 18 , 2025

National Bank Reports Five-Year Low Inflation, Record-High Exports

The National Bank of Ethiopia (NBE), in its six-month snapshot on monetary and external sector developments, reports that inflation has dropped to 15.5pc, the lowest in five years and a 13.9pc decline...

Feb 16 , 2025

Horn Initiative Boosts Regional Development Agenda

A total of 20 projects worth three billion dollars are currently being implemented in Ethiopia under the Horn of Africa Initiative, which held a performance review platform last week. This initiative...

Feb 16 , 2025

Budget Woes Plague Region

The Amhara Regional State's six-month performance review revealed substantial budget shortfalls, achieving only 28.27pc of its targeted revenue. Chief Administrator Arega Kebede reported to the region...

Feb 16 , 2025

Modern Farming Boosted with New Centre of Excellence

The Agricultural Mechanization Centre of Excellence, built in the Qaliti area with collaboration from South Korea was inaugurated last week. The centre was constructed in seven months at a project cos...

Feb 16 , 2025

Ethio telecom Reports Over 40pc Revenue Growth, Faces Decline in Forex, Plans Nationwide Fibre Cable Upgrade

The state-owned telco posted its second-quarter results last week, marking 43pc revenue jump year-on-year. The company recorded 61.9 billion Br in total revenue for the first six months of the 2024/2...

Feb 16 , 2025

New Digital Suite Tackles Digital Payment Limitations

Nib International Bank launched two new digital products, Nib Amber Pay and Nib PayStream, seeking to streamline transactions. The former enables business clients to easily and securely receive paymen...

Feb 10 , 2025

Parliament Overhauls Three Key Sectors

Parliament approved two key proclamations last week seeking to strengthen the justice system and civil registration processes. The first re-establishes the Federal Justice & Legal Institute under...

CBE Hits Deposits Record

The Commercial Bank of Ethiopia (CBE) achieved a record 303 billion Br in deposits in the first seven months of the budget year—the largest deposit amount in the Bank's history. Total deposits now s...

Feb 10 , 2025

Revenue Bureau Cracks Down on Alleged Tax Evaders

Addis Abeba Revenue Bureau introduced a debt tracking system that would trace tax evaders. As a result, five vehicles were seized and sold to recover tax debts, generating 10.9 million Br. Currentl...

Feb 10 , 2025

First Ethiopian to Take Helm at Coca-Cola

Coca-Cola Beverages Africa (CCBA) in Ethiopia has appointed Melkamu Abebe as its new Managing Director, marking the first time an Ethiopian has held this position. His appointment follows a period as...

Feb 10 , 2025

Dodai Pushes E-bike Adoption, Supports First Association

Dodai, an electric bike manufacturer, has launched an initiative to cover the cost of license plates for 250 customers which have formed an association as mandated by the Addis Abeba Transport Bureau...

Feb 10 , 2025

M-Pesa, Dashen Bank, CashGo Team Up for Remittances

M-PESA Safaricom has partnered with Dashen Bank and CashGo to launch a new international remittance service, enabling Ethiopians to receive money directly into their M-PESA mobile wallets. Dashen Bank...

Feb 10 , 2025

Capital Market Authority Demands Share Data from Public Companies

The Ethiopian Capital Market Authority (ECMA) issued a public notice last week, requiring all publicly held companies with more than 50 shareholders to submit detailed information about their existing...

Columns

Commentaries | Sep 13,2025

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

Student Tax ID Push Triggers Logjam

The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival...

Agenda | Sep 13 , 2025 . By NAHOM AYELE and YITBAREK GETACHEW

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE