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Jan 3 , 2021

Agency Launches Data Management System

The Central Statistical Agency (CSA) has launched an Integrated Management Information System, which will provide aggregated statistical information, during an event held at Liesak Resort in Bishoftu...

Jan 3 , 2021

Gold Boosts Mining Revenues

Increasing market prices for gold, which accounts for over 90pc of mining exports, bolstered mining export revenue to 303 million dollars in the first five months of this fiscal year. The Ministry...

Jan 3 , 2021

Norwegian Agency Proffers 91m Br to Universities

The Norwegian Agency for Development Cooperation has proffered 91 million Br to Gonder, Hawassa, Jimma, Debre Markos and Addis Abeba Science & Technology universities. The grant, designated for ca...

Jan 3 , 2021

Ahadu Bank Gears Up for Service

Ahadu Bank, one of the under formation banks, held its first establishment general assembly at Ghion Hotel this past Saturday. The Bank had received permission from the central bank to begin sellin...

Jan 3 , 2021

Investments in Hospitality Get Profit Tax Lifted

The government has introduced a five-year zero profit tax policy for new investments in the hospitality sector. The decision, which was made in the hope of encouraging private sector investment in the...

Dec 26 , 2020

Another Beautification

Beautification and green projects continue in the city, especially along the sites that have been identified as prime locations for leisure. One of these is this hilly space near Sheraton Addis, where...

Dec 26 , 2020

Almost Man

Along Africa Avenue near Flamingo Restaurant is a figure dressed in yellow, wielding a paint brush, standing atop a paint store. It can easily be confused for a person. But it is a mannequin being use...

Dec 26 , 2020

Seregela's Inauguration, Finally

Adanech Abiebie (right), deputy mayor of Addis Abeba, attended the official inauguration of one of the several new taxi services that have popped up in the past few years, Seregela. Talking here to El...

Dec 26 , 2020

Parliament Delegates Task Force to Oversee Infrastructure Projects

The parliament has called for establishing a federal task force that will be mandated to oversee and regulate infrastructure projects across the country. Ahmed Shide, minister of Finance, endorsed...

Dec 26 , 2020

Toll Road Enterprise Collects 147m Br

The Ethiopian Toll Roads Enterprise, which administers the Addis Abeba-Adama and Dire Dawa-Dewele expressways, has generated 157 million Br in revenues within the first five months of the current fisc...

Dec 26 , 2020

WB Loans $100m for Women Entrepreneurs

The World Bank has provided a 100-million-dollar loan to Ethiopia to finance the Women's Entrepreneurship Development Project (WEDP). The funds will be used to provide credit and training support to m...

Dec 26 , 2020

EFFORT Gets Board of Trustees

A board of trustees for the Endowment Fund for the Rehabilitation of Tigray (EFFORT) has been established to address gaps created by the lack of leadership. The announcement was made last week, Decemb...

Dec 26 , 2020

Training Institute Receives Six Vehicles

The Maastricht School of Management (MSM), one of the oldest business schools in the Netherlands, has donated six vehicles to the Federal Technical, Vocational Education & Training Institute. Valu...

Dec 26 , 2020

COVID-19 Insurance Policy Covers Drivers, Assistants

A life insurance policy for cross-border drivers and their assistants in relation to the Novel Coronavirus (COVID-19) has been operational as of December 24, 2020. Announced by the director of the Ins...

Dec 26 , 2020

Cabinet Greenlights Stock Market Establishment Bill

The Council of Ministers approved the establishment of a stock market early last week, December 22, 2020. The capital market is expected to support the development of the national economy by mobilisin...

Dec 26 , 2020

Election Board Excludes Tigray State in Schedule

The National Electoral Board of Ethiopia (NEBE), which proposed June 5, 2021, as the sixth national election's polling date, has left Tigray Regional State out of the schedule. During the announcement...


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital

The recent policy decision to fully open freight forwarding to foreign capital may become...

Editorial | Jun 13 , 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

THE PRICE OF MISTRUSTING THE TAP

Bottled water, once a symbol of convenience and safety for most residents, has become a sm...

Agenda | Jun 14 , 2026 . By HELINA HADGU

Parliament Receives Biggest Budget Bill, Debt Already First in Line

Finance Minister Ahmed Shide walked into Parliament on Thursday, June 11, 2026, with the l...

Fortune News | Jun 14 , 2026 . By NAHOM AYELE