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Sep 21 , 2025

Mamo Mihretu Graded A- by Global Finance, Passing Baton to Eyob Tekalign

Former National Bank Governor Mamo Mihretu, who served from January 2023 until September 2025, has received an "A-" in Global Finance magazine's 2025 Central Banker Report Cards. The annual ranking...

Sep 21 , 2025

Ethiopian Securities Exchange High-Profile Board Appointed, Brook Taye (PhD) at the Forefront

Brook Taye (PhD), CEO of Ethiopian Investment Holdings (EIH) and ECMA board member, has been named Chairperson of the Ethiopian Securities Exchange (ESX). The appointment follows the Ethiopian Capital...

Sep 14 , 2025

US Renews National Emergency, Sanctions on Ethiopia

The United States has extended the national emergency and sanctions on Ethiopia for another year under the African Growth & Opportunity Act (AGOA). Signed by President Donald J. Trump, the measure...

Sep 14 , 2025

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fue...

Sep 14 , 2025

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU...

Sep 14 , 2025

Red Sea Bank Eyes Investment in Local Banking Sector

Last week, Kebede Abera, deputy head of the Ethiopian mission in Djibouti, met with executives from the Bank for Commerce and Industry of the Red Sea (BCIMR) to discuss opportunities in the country's...

Sep 14 , 2025

Italy, Ethiopia Agree on Railway Modernisation Partnership

The Ethiopian Railways Corporation (ERC) and COIPA Italia S.p.A. have signed a Strategic Cooperation Framework Agreement to modernise Ethiopia's railway network and advance sustainable transport. The...

Sep 14 , 2025

Ministry Suspends VAT on Essential Medicines Temporarily

The Ministry of Finance (MoF) announced the suspension of value-added tax on certain over-the-counter medicines sold by pharmacies until a legal amendment is finalised. The move follows a request from...

Sep 14 , 2025

Equity Bank Moves to Enter Ethiopias Financial Sector

Kenya's Equity Bank has signaled interest in joining Ethiopia's financial sector as the market opens to foreign players. Founded in 1984, the lender has grown into one of East Africa's largest banks,...

Sep 14 , 2025

Supreme Court Issues Directive on Case Execution Procedures

The Federal Supreme Court has issued a directive to regulate and standardise the work of its Execution Department, setting a framework for how final judgments and court orders are enforced across fede...

Sep 7 , 2025

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and servi...

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-bal...

Sep 7 , 2025

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout incl...

Sep 7 , 2025

Urban Investments Fuel Employment, World Bank

The Urban Institutional & Infrastructure Development Program (UIIDP) created over 1.15 million jobs between 2018 and 2024, the World Bank reported. The program supported 117 cities with infrastruc...

Sep 7 , 2025

Abay Bank Partners with Visa to Expand Digital Reach

Abay Bank marked its 15th anniversary with a strategic deal with Visa to accelerate digital payments. The partnership introduces prepaid cards, ATMs, and PoS services, planning to reduce cash dependen...

Sep 7 , 2025

Fintech Milkii Lifts Borrowing Beyond Collateral

Milkii, a digital lending platform rolled out by Oromia Bank with Quantum Technology, has stormed into the fintech scene with over 60,000 users and 140 million Br disbursed in just three months no col...


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Editorial | May 09,2026

Every Encounter with the State Should Not Become an Invoice


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Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE