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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...

Sep 7 , 2025

Freight Operators Win Eased Certification Requirements in Policy Shift

The Ministry of Transport & Logistics has relaxed long-contested rules governing freight transport competence certification. State Minister Denge Boru said the revisions came after repeated consul...

Sep 7 , 2025

CBE Launches Diaspora Money Transfer Service

The Commercial Bank of Ethiopia (CBE) has received regulatory approval to operate as an international money transfer agent through licensed intermediaries. The web-based service allows Ethiopians abro...

Aug 30 , 2025

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

Ethiopian Investment Holdings (EIH), the state's sovereign investment arm, has struck a deal with Dangote Group to build one of the world's largest urea fertiliser complexes in Gode, Somali Regional S...

Aug 30 , 2025

CBE Capital Joins Nib Bank for Market Expansion

Nib International Bank has partnered with CBE Capital, the investment arm of the Commercial Bank of Ethiopia (CBE), to expand investment banking services and shore up its finances. The deal covers adv...

Aug 30 , 2025

Credit Cap Nears Lift-Off

The National Bank of Ethiopia (NBE) is preparing to lift its long-standing credit cap by September, unlocking 1.3 trillion Br in bank lending. The move, flagged by board member and State Minister of F...

Aug 30 , 2025

Dire Dawa Launches Cheche App, Unifying City Services

A new application named Cheche was launched in Dire Dawa this week, integrating 30 public institutions and offering over 500 services. The app was launched in the presence of officials from the Minist...

Aug 30 , 2025

Businesses Face New Quarterly Tax Rules

The Ministry of Finance introduced a new system requiring taxpayers to pay 25pc of annual taxes every three months. The first installment, due August 2025, covers income from January to March, with su...

Aug 30 , 2025

EagleLion, CBE, Dashen Roll Out New Remittance Platform

EagleLion, in partnership with the Commercial Bank of Ethiopia (CBE) and Dashen Bank, unveiled a suite of digital services to modernise remittances at an event held on August 26 at the Sheraton Addis...

Aug 30 , 2025

Bank of Abyssinia, Fastpay Seal Digital Remittance Deal

Bank of Abyssinia has partnered with Fastpay LLC to launch a digital remittance platform powered by Cybersource technology. Signed at the Hyatt Regency on August 28, the agreement enables Ethiopians a...

Aug 23 , 2025

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned ent...

Aug 23 , 2025

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, T...

Aug 23 , 2025

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update cam...

Columns

Commentaries | May 22,2026

T-Bills Trap Begins in the Federal Government's Own Budget

The federal budget tells a troubling story about inflation, debt and reform. The problem i...

Editorial | May 16 , 2026

Betrothal Ritual Falls Prey to the Event Economy

When Abigiya Tewodros sat for her traditional bethrothal intercession, locally known as "S...

Featured | May 17 , 2026 . By HELINA HADGU

Quiet Campaigns Speak Loudly

Genene Gedebu reached Kucha after the campaign season for the upcoming national elections...

Agenda | May 17 , 2026 . By NAHOM AYELE

Tax Bill Tests the Line Between Compliance, Fairness

A revised tax administration law could bar taxpayers from submitting new evidence during c...

Fortune News | May 17 , 2026 . By NAHOM AYELE

Radar

National Electricity Network Set for Upgrade

Urban Investments Fuel Employment, World Bank

Abay Bank Partners with Visa to Expand Digital Reach

Fintech Milkii Lifts Borrowing Beyond Collateral

Freight Operators Win Eased Certification Requirements in Policy Shift

CBE Launches Diaspora Money Transfer Service

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

CBE Capital Joins Nib Bank for Market Expansion