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Dec 6 , 2025

Sidama Bank Posts Strong Profit Growth as Deposits Climb

Sidama Bank closed the fiscal year ending June 2025 with a net profit of 126.9 million Br, marking a 77.2pc rise from the previous year's 71.6 million Br. The young third-generation bank stands out in...

Dec 6 , 2025

Hibret Insurance Breaks One-Billion-Birr Profit Mark

Hibret Insurance has reported its highest earnings to date, securing more than one billion Br in pre-tax profit under CEO Meseret Bezabih. The result reflects a 79pc rise from last year. Total writ...

Dec 6 , 2025

Oromia Bank Posts Strong Profits, Accelerates Fintech Expansion

Oromia Bank concluded the 2024/25 fiscal year with a positive performance. Profit before tax surpassed 12 billion Br, exceeding the target by 105 pc, while tax contributions rose to approximately 2.6...

Dec 6 , 2025

Mayor's Office Launches New Tax Complaint System

The Mayor's Office has introduced a new procedure to address complaints related to tax collection and revenue services in Addis Abeba. The mechanism complements the existing system at the City Adminis...

Dec 6 , 2025

Addis Abeba Revenue Bureau Activates Body-Worn Cameras Across Four Districts

The Addis Abeba Revenue Bureau has begun using 280 body-worn cameras to monitor field staff starting this month, with live audio and video transmitted to central and branch offices. The system is oper...

Dec 6 , 2025

Rammis Bank Reports Income Growth, Expanding Footprint

Rammis Bank closed the fiscal year ending June 2025 with total income of 400 million Br, a 3.8pc rise from the previous year, according to results presented at its general assembly at held at Elili Ho...

Dec 6 , 2025

Costly Soil Rehabilitation Falls Behind as Acidity Spreads in Sidama

More than 62pc of Sidama's 153,000ha farmland has become too acidic for optimal production, with roughly 95,000ha already dragging down yields. Regional officials say rehabilitation efforts are constr...

Dec 6 , 2025

Betting Operators Banned for Alleged Embezzlement of Billions

The Ethiopian Lottery Service has banned 22 sports betting operators, effective Thursday, the authority announced last week on its social media platforms. The move followed a report from the Nation...

Nov 29 , 2025

New Directive Pushes Mandatory Safety Seats for Children

The Road Safety & Insurance Fund Service has issued a draft directive proposing compulsory child-extension belts and age-specific restraint systems in vehicles to improve passenger safety for infa...

Nov 29 , 2025

Council Greenlights Global Funding for National Energy, Skills Programs

Council of Ministers approved over 314 million Special Drawing Rights (SDR) in new financing from the International Development Association (IDA) during its 50th regular session. The funds target clea...

Nov 29 , 2025

ETSwitch Signs Strategy Deal to Upgrade Payment Infrastructure

ETSwitch has inked an agreement with global consultancy Genesis Analytics to chart a 15-year roadmap, supported by a detailed five-year strategic plan. Executives disclosed that the engagement follows...

Nov 29 , 2025

Amhara Bank Posts Significant Profit, Revenue Growth

Amhara Bank has exited its loss position, posting a profit before tax of 655 million Br, an increase of 85 pc, or 301 million Br, compared with the previous fiscal year. The result was announced at th...

Nov 29 , 2025

ArifPay Launches Digital Switch for Microfinance Institutions

ArifPay Financial Technologies has rolled out two products designed to plug the country's Microfinance Institutions (MFI) into the digital ecosystem, marking a shift from cash-driven operations. The a...

Nov 29 , 2025

New Passport & ID Factory Nears Completion

Ethiopia's high-security passport and ID card plant at Bole Lemi II Industrial Park is entering its final construction stage, with completion set for early 2026, according to TOPPAN Security Ethiopia...

Nov 29 , 2025

Siket Bank Records Slight Decline in Profit

Siket Bank has reported a net profit after tax of 1.24 billion Br for the 2024/25 fiscal year, down from approximately 1.6 billion Br in the previous year. The announcement came during the bank's 3rd...

Nov 29 , 2025

Ethiopia Sets Up New Association to Elevate Specialty Coffee Worldwide

A new industry body, the Specialty Coffee Association of Ethiopia (SCAE), has been established to promote Ethiopian specialty coffee on the world stage, strengthen quality and traceability standards,...


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The Rent Law Protects No One Well. Time to Rewrite It.

The federal legislative house rushed through one of the country's most contentious housing...

Editorial | Jun 27 , 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

Soaring Fares Strand Families on Highways

At the sprawling Lamberet Long-Distance Bus Station near Asmara Road, the usual din of eng...

Agenda | Jun 27 , 2026 . By MASTEWAL ZEMENE

Electric Cars Boom Tests Insurers' Petrol-Era Rulebook

A year after federal transport authorities restricted fossil-fuelled vehicles to clear the...

Fortune News | Jun 27 , 2026 . By BEZAWIT HULUAGER