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Mar 2 , 2025

Electric Utility Generates 23.83 Billion Br in Revenue in Six Months

Ethiopian Electric Utility (EEU) reported strong growth in the first half of the fiscal year. The Utility's revenue from energy and related sales reached 23.83 billion Br, with a provisional net incom...

Mar 2 , 2025

Sovereign Fund Reports Strong Performance in First Half Year

The Ethiopian Investment Holdings (EIH) in a performance report of the first half of 2024/2025 fiscal year, stated that it registered strong results by the companies under the sovereign fund. One of t...

Mar 2 , 2025

Pharmacies to Go Digital with New Integration

MedRafa, a healthcare solutions provider, has partnered with WeVenture Hub to integrate pharmacies across Addis Abeba into the country's digital health ecosystem. This initiative targets to improve e...

Feb 25 , 2025

E-Passport Service Begins with Local Production Set for October

Immigration & Citizenship Services (ICS) has commenced e-passport issuance supported by an inventory of 1.5 million passports, with local production scheduled to begin in October. ICS invested 2...

Feb 23 , 2025

Sovereign Fund Reviews Mid-Year Performance of Line Companies, Calls for Strategic Improvements

Ethiopian Investment Holdings (EIH) launched its mid-year performance review for its portfolio companies, displaying mixed results for the first half of the fiscal year. Ethiopian Sugar Industry Gr...

Feb 23 , 2025

Digital Pay Uptake Booms Among SMEs, Visa Study Finds

Over 80pc of surveyed small- and medium-sized Enterprises (SMEs) have started accepting digital payments in the last two years, according to a new Visa report titled, ‘Value of Acceptance: Understan...

Feb 23 , 2025

ILO Tackles Agricultural Wage Gap

The International Labour Organization (ILO) launched the Setting Adequate Wages in Agriculture (SAW-A) Project last week, with support from the German Federal Ministry for Economic Cooperation & D...

Feb 23 , 2025

Marathon Motors Expands EV Lineup, Pushes Charging Partnerships

A pioneer in electric vehicle (EV) assembly, Marathon Motors Engineering, unveiled new models along with warranty and charging services at its plant on the outskirts of Addis Abeba last week. The comp...

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...

Columns

Commentaries | Oct 25,2025

The Rules Multiply. So Does the Confusion, and Uncertainty

The regulatory machinery is on overdrive. In only two years, no fewer than 35 new proclama...

Editorial | Oct 25 , 2025

TRADITION THRIVES AS COSTS CLIMB

As dawn broke over Addis Abeba last week, the city's arteries pulsed not with the usual we...

Featured | Oct 5 , 2025 . By REDIET YARED

Pay Penalty, Convert Lease Hold, or Cease Business

The clang of metal shutters has gone silent on Addis Abeba's commercial corridors across B...

Agenda | Oct 26 , 2025 . By NAHOM AYELE

Addis Abeba Education Bureau Rolls Out Cluster Classes

Officials of the Addis Abeba's Education Bureau have embarked on an ambitious experiment t...

Fortune News | Oct 25 , 2025 . By YITBAREK GETACHEW

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