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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,...

Nov 25 , 2025

Safaricom Ethiopia Names Ermias Eshetu Advisory Board Chair

Safaricom Telecommunications Ethiopia P.L.C has named Ermias Eshetu, former CEO of Ethiopian Commodities Exchange(ECX), as the new Chair of its Advisory Board, with the appointment taking effect on 1...

Nov 22 , 2025

Ethiopian Airlines Leases New Turboprop Aircraft to Air Congo

Ethiopian Airlines has leased two new ATR 72-600 turboprops to Air Congo, the Democratic Republic of Congo's flag carrier, in which it holds a 49pc stake. The aircraft, equipped with the latest engine...

Nov 22 , 2025

Ahadu Lifts Profit, Deposits While Capital Gap Persists

Ahadu Bank has raised its paid-up capital to 1.13 billion Br, up from one billion Br last year, though it remains far short of the five-billion-birr threshold the National Bank of Ethiopia (NBE) has s...

Nov 22 , 2025

African CDC Secures Major Pandemic Funding for Health Preparedness

The Africa Centres for Disease Control & Prevention (CDC) welcomed the Pandemic Fund's approval of half a billion dollars during its Third Call for Proposals, with Africa set to receive nearly hal...

Nov 22 , 2025

Awash Bank Launches New Salary Loan Service

Awash Bank has launched an Employees' Salary Loan through its “Tila” application, now integrated with the Telebirr platform, targeting workers in both private and government institutions whose sal...

Nov 22 , 2025

Customs Seize Contraband Worth Hundreds of Millions

The Ethiopian Customs Commission seized contraband worth over 375.6 million Br during a week-long operation from 5 to 12 November 2025. The haul included 350.2 million Br in illegal imports and 25.4 m...

Nov 22 , 2025

Bunna Bank Converts Dividend Into Capital After Record Profit Surge

Bunna Bank, one of the country's second-generation private banks, reported a pre-tax profit of 2.6 billion Br, a sharp rise from the previous year's 930 million Br. Net profit reached 1.9 billion Br....

Nov 22 , 2025

Election Board Allocates Ten Billion Birr for National Elections

The National Election Board of Ethiopia(NEBE) has allocated 10 billion Br for the national election on 1st June 2026. At a briefing at the Ministry of Finance, Development Partners Group officials rec...

Nov 16 , 2025

Ethiopia Partners on One-Billion-Dollar Aluminium Smelter Project

Ethiopian Investment Holdings (EIH) has inked a Memorandum of Understanding with Russia's UC RUSAL to develop a 500,000 metric ton aluminium smelter in Ethiopia. The project, the first major RUSAL inv...

Nov 16 , 2025

Ministry Places Penality Over Undisclosed Tuition Fees

The Ministry of Education plans to enforce strict laws on unendorsed tuition fee increments of private schools. The tuition fee increase made by the private sector has been the source of grave concern...

Nov 16 , 2025

Insurance Policy for Smallholder Farmers

The Ministry of Agriculture has signed a Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) and the Association of Ethiopian Insurers (AEI) to establish an all-incl...

Nov 16 , 2025

ECA Launches Digital Portal to Enforce Data Protection

The Ethiopian Communication Authority (ECA) has rolled out a digital portal to register data controllers and processors nationwide, signaling the first practical step toward enforcing the country's ye...


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Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

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Agenda | Jul 4 , 2026 . By NAHOM AYELE and FITSUM TADESSE

Prime Minister Concedes Health Sector Remains Underprovided

The health sector remains underprovided despite rising public spending, Prime Minister Abi...

Fortune News | Jul 7 , 2026