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Nov 8 , 2025

Safaricom Ethiopia Accelerates Growth in a Challenging Market

Safaricom Ethiopia reported service revenue of 6.5 billion Br, marking a striking 179pc year-on-year increase. The company narrowed its net loss by 23pc to 26.2 billion Br. Voice services now contribu...

Nov 8 , 2025

NBE Completes Ethio-Re Board, Governance Disquiet

The National Bank of Ethiopia (NBE) has approved three new board members for Ethiopian Reinsurance S.C., Birhanu Belayneh Fufa, Endalkachew Zelekew, and Tefera Wondimu W. Mariyam completing the compan...

Nov 8 , 2025

NBE Updates Banking Supervision with Basel-Aligned Capital Rules

The National Bank of Ethiopia (NBE) has issued a Risk-Based Capital (RBC) Adequacy Directive, modernising the country's banking supervision framework in line with Basel II and III standards. The direc...

Nov 8 , 2025

Ministry Pushes to Complete WTO Accession by March 2026

The Minister of Trade & Regional Integration, Kassahun Gofe (PhD), confirmed that Ethiopia is intensifying efforts to finalise its World Trade Organization (WTO) accession by March 2026. Critical...

Nov 2 , 2025

EthSwitch Sees Record Profit, Expands Digital Payment Reach

EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year's 1.06 billion Br. The performance was drive...

Nov 2 , 2025

Lion Bank Delivers Robust Results, Rewarding Shareholders

Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank's General Ass...

Nov 2 , 2025

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank's total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 b...

Nov 2 , 2025

Authority Launches Digital Plant Health Certification System

The Ethiopian Agricultural Authority has introduced the Integrated Export and Import Certification System (IEICS) – e-Phyto Project, a digital platform replacing paper-based plant health certificate...

Nov 2 , 2025

EU, Finance Ministry Sign Deal for 2025 Action Plan

Ministry has signed a €90 million finance agreement with the European Union (EU) under the Annual Action Plan (AAP) 2025, marking a renewed phase of cooperation. The deal was signed last week in Add...

Nov 2 , 2025

Chapa Deal Brings ATM-Linked Ticket Payments to Ethiopian Airlines

Ethiopian Airlines has partnered with Chapa Digital Payment Technologies to integrate direct bank payments into its ticketing system, enabling customers to use their ATM cards across all connected ban...

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...


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The AI Revolution Mirrors the Green Transition

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The Cost of a Culture That Doesn't Read

Agenda | Jun 14,2026

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Editorial | Jun 13,2026

Logistics Reform Should Deliver More Than Market Entry by Foreign Capital


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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