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Oct 5 , 2025

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was...

Oct 5 , 2025

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment trac...

Oct 5 , 2025

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the instituti...

Oct 5 , 2025

Diaspora Lending Initiative Seeks to Unlock Revenue

The Commercial Bank of Ethiopia (CBE) has unveiled a 50 billion Br loan facility for the diaspora, planning to boost remittance inflows. Abie Sano, the bank's President, said Ethiopia could earn over...

Oct 5 , 2025

Third Phase of 100-Day Electricity Upgrade Gets Underway

The second round of a nationwide 100-day plan directed towards reducing power outages and improving grid reliability has been completed. Using GPS technology, the program identified areas most affecte...

Oct 5 , 2025

Education Ministry Lowers Cut-Off for University Entry

The Ministry of Education has adjusted the national university admission threshold, allowing students who scored just below the official requirement to enroll. Candidates who achieved between 49.50pc...

Oct 5 , 2025

Economic Gains Threatened by Currency and Regulation

Ethiopia is navigating a complex economic landscape. While the government has launched significant liberalisation efforts, structural restrictions, currency volatility, and challenging regulatory prac...

Oct 5 , 2025

Central Bank Approves Industry Veteran to Lead Standard Insurance

The National Bank of Ethiopia (NBE) has approved Solomon Assefa as the founding CEO of Standard Insurance S.C. A veteran with over 20 years in the insurance sector, Solomon holds an Executive MBA from...

Sep 27 , 2025

Debt Crisis in Focus as Central Bank Governor Visits China

Eyob Tekalegn (PhD), newly appointed governor of the National Bank of Ethiopia (NBE), made his first official overseas trip to China to discuss debt restructuring. He met with senior officials from Ch...

Sep 27 , 2025

Blueprint for Safety, Builders Face Tough New Standards

Four key institutions in Ethiopia's construction sector signed an MoU at Skylight Hotel to address chronic safety lapses that cost lives and damage property. The deal brings together the Ethiopian Con...

Sep 27 , 2025

Licenses of Ten Auditors at Risk After Alleged Tax Irregularities

The Addis Abeba Revenue Bureau has asked the Accounting & Auditing Board of Ethiopia to revoke the licenses of ten accountants and auditors accused of preparing flawed taxpayer records during the...

Sep 27 , 2025

Millions Reach New Financial and Food Security Milestones

Ministry of Finance and the International Fund for Agricultural Development (IFAD) reaffirmed their commitment to transforming rural communities during a Joint Project Portfolio Review. Semereta Sewas...

Sep 27 , 2025

Ethiopia, Russia Partner on Nuclear Power Plant for Clean Energy

Ethiopia has inked an agreement with Russia to jointly develop a nuclear power plant directed towards delivering clean energy and long-term social benefits, the Ministry of Foreign Affairs announced....

Sep 27 , 2025

Little, Bank of Abyssinia, Visa Launch Contactless Payments

Little, in partnership with Bank of Abyssinia(BoA) and Visa, has unveiled 'Tap to Go', a contactless payment feature designed for international Visa cardholders using ride-hailing services. The ser...

Sep 27 , 2025

Transport Federations Forge MoU to Strengthen Employer-Worker Collaboration

For the first time, the Ethiopian Transport Employers Federation (ETEF) and the Transport Workers & Communication Utility Industries Federation (TWCUIF) have signed a memorandum of understanding ...

Sep 27 , 2025

Canal+ Gains Full Control of MultiChoice After Mandatory Offer

Canal+ has completed its mandatory offer to acquire all remaining MultiChoice shares, securing effective control of the South African pay-TV giant. The move aligns the company with South African broad...


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The New Gold Standard Comes with a Warning Label

In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-payments...

Editorial | Jul 4 , 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

A City Between the Market and the Rules

July has arrived with the heaviest rains of the winter, dark clouds and mist blanketing Ad...

Agenda | Jul 4 , 2026 . By NAHOM AYELE and FITSUM TADESSE

Prime Minister Concedes Health Sector Remains Underprovided

The health sector remains underprovided despite rising public spending, Prime Minister Abi...

Fortune News | Jul 7 , 2026