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Radar

Jan 12 , 2025

Dashen Bank Launches New Digital Banking App

Dashen Bank has introduced a new digital banking app that sets a new standard for convenience. The app combines all aspects of personal and commercial banking into one user-friendly platform. It offer...

Jan 12 , 2025

GERD Faces 80bn Br Funding Gap, Nears Completion

The Grand Ethiopian Renaissance Dam (GERD), a 5,150MW hydropower project, requires an additional 80 billion Br, one-third of its 2024 revised cost of 240 billion Br. The dam has reached 97.6pc complet...

Jan 12 , 2025

Parliament Approves Asset Recovery Law

Parliament has passed the Asset Recovery Proclamation with three votes against and four abstentions. The law grants the government extensive powers to trace, investigate, and confiscate assets obtaine...

Jan 4 , 2025

Tech Expo to Spotlight Digital Future, Emerging Technologies

An expo set on capitalizing on Business Process Outsourcing (BPO)—Future Tech Addis Expo 2025—is set to take place at Skylight Hotel in February. Organized by RCNDC Consultancy in partnership with...

Jan 4 , 2025

Ministry Leads New Climate Reporting System

The Ministry of Planning & Development launched an integrated system for measuring, reporting, and verifying greenhouse gas emissions, as well as monitoring and evaluating climate change implement...

Jan 4 , 2025

Haile Hospitality Expands with New Jimma Resort

Haile Resort Jimma, the tenth destination in the 15-year-old Haile Hospitality Group, was inaugurated last week at a cost of 1.7 billion Br, with financing sourced internally. Located 350km southwest...

Jan 4 , 2025

Reinsurer Navigates Headwinds, Grows Profit

Ethiopian Reinsurance registered an increase in profit after tax, reaching 391 million Br in financial year 2023/24, a 60pc jump of 146 million Br from the previous year. The company also saw a rise i...

Jan 4 , 2025

ZamZam Bank Charts Growth with Interest-Free Banking

ZamZam Bank closed the fiscal year with a net profit 110.3 million Br, an increase of 55.95 million Br or 103pc year-over-year. This followed income reaching 857.9 million Br, against expenses of 710...

Dec 29 , 2024

Digital Heights for Coop Bank, Profits Dip

The Cooperative Bank of Oromia (CBO) announced that a total transaction volume of 1.36 trillion Br was made through 489.5 million transactions on its digital platform, Coopay E-Birr. Fuel payment...

Dec 29 , 2024

AI-Powered, Sharia-compliant Digital Financing for MSMEs, Consumers Debuts

ZamZam Bank, in partnership with Kifiya Financial Technology, has launched a Sharia-compliant digital financing service, "Ansar Digital Financing". The service, which the Bank asserts is Ethiopia's fi...

Dec 29 , 2024

Local, International Firms Cooperate to Bridge Skill Mismatch

In a bid to address the pervasive skill mismatch, Geez Education & Training Plc (GET) has allied with International financial and management institutions to bridge the gap. Three international...

Dec 29 , 2024

BYD Launches with Vehicle, Battery Warranty

Moenco, the official distributor of BYD in Ethiopia officially launched its showroom offering a six-year or 150,000km vehicle warranty and an eight-year battery warranty. Located around Megenagna, Moe...

Dec 29 , 2024

Local Vaccine Production Secures Feasibility Study

A Memorandum of Understanding (MoU) was signed between the Ministry of Health and Tech Invention Lifecare, an Indian company, to conduct a feasibility study for vaccine production in Ethiopia. Min...

Dec 29 , 2024

Amigos Saving & Credit Climbs Profit Heights, Aims for Expansion

Amigos Saving & Credit Cooperative Society Ltd. took in 145 million Br in net profit during the last fiscal year, with an increase of 112pc from the preceding year. Its revenue also soared to 306...

Dec 29 , 2024

Authorities Suspend Property, Title Transfers in Six Districts

Addis Abeba has suspended property and title transfers in selected subdistricts across six districts to address land ownership issues and implement a modern cadastre system, according to the city's La...

Dec 22 , 2024

Electricity Bills Get the VAT Jolt

The new Value Added Tax (VAT) has begun implementation on electricity consumption and various service fees affecting customers who use more than 200 kilowatt hours of electricity per month. Based on a...

Columns

Commentaries | Sep 13,2025

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

Student Tax ID Push Triggers Logjam

The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival...

Agenda | Sep 13 , 2025 . By NAHOM AYELE and YITBAREK GETACHEW

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE