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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...

Oct 26 , 2025

Utility Pushes Rural Electrification, Digital Payments Forward

The Ethiopian Electricity Utility (EEU) connected 107,191 new customers in the third quarter of 2025, representing an 18.3pc increase compared with the same period last year. Of these, 95.5pc are post...

Oct 26 , 2025

New Shipping Route Links Gulf, Horn of Africa

DP World has launched a new shipping route linking Berbera Port in Somaliland with Jebel Ali Port in the UAE, promoting trade between the Gulf and East Africa. Berbera features a 1,050-metre quay,...

Oct 26 , 2025

Withholding Tax on Wheat Payments Lifted

The long-standing tax dispute between wheat processors and the Ministry of Revenue has been resolved. In a circular, the Ministry of Revenue confirmed that the Ministry of Finance had acted on repeate...

Oct 26 , 2025

Ethiopia Joins African Renewables Push in Sierra Leone

The Ministry of Water & Energy is attending the second Accelerated Partnership for Renewables in Africa (APRA) Investment Forum in Freetown, Sierra Leone, aimed at boosting renewable energy invest...


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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