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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...

Aug 23 , 2025

Yango Pitches New Rental Model to Car Owners

Yango Ethiopia has introduced a vehicle rental program designed to boost returns for car owners. Through franchise partners, owners can register vehicles, manage drivers, track trips, and monitor reve...

Aug 23 , 2025

Spice Shipments Bring Nearly 15 Million Dollars

Spice exports fetched 14.94 million dollars from 15,612 tons shipped in the past fiscal year, the Coffee & Tea Authority reported. Top buyers included India, Egypt, Saudi Arabia, the United States...

Aug 23 , 2025

Private-Sector Confidence Grows as Foreign Investment Climbs

Ethiopia attracted four billion dollars in foreign direct investment during the 2024/25 fiscal year, up 2.2 percent from the previous year. The investment authority credited policy reforms, digitised...

Aug 23 , 2025

Labor Ministry Launches Tool for Safer Migration

The Ministry of Labor & Skills has rolled out "Lemenegede", a mobile app designed to support Ethiopians in overseas employment. Built in-house and backed by the International Labour Organization,...

Aug 23 , 2025

School Feeding Program Reaches 840,000 Students

The city administration's education office announced that 840,585 students from pre-primary to secondary schools are receiving two daily meals under the school feeding program. Backed by trained nutri...

Aug 17 , 2025

Coffee Hub Illu Ababor Targets Bigger Share in Global Market

Illu Ababor Zone supplied more than 51,000 tons of coffee to the central market in the 2024/25 fiscal year, Deputy Administrator Mohammed Teha reported. The effort is part of the "Neqemte Initiative,...

From Loan to Tap, Ministry Secures Water Infrastructure Funds

The Ministry of Water & Energy has signed a cooperation framework with China Exim Bank, facilitated by contractor CGCOC, securing a 100 million dollars loan. State Minister for Drinking Water &...

Aug 17 , 2025

Bureau Rolls Out QR-Enabled IDs for Inspectors

The Addis Abeba Revenues Bureau has equipped inspectors with QR (quick response) code-integrated ID cards to curb fraud and improve transparency. Launched in Mercato, the system lets merchants verify...

Aug 17 , 2025

Manufacturing Output Surpasses Job Target

The manufacturing sector created 352,513 jobs in the 2024/25 fiscal year, exceeding the 350,000 target, the Ministry of Industry reported. Medium- and small-scale domestic manufacturers met their job...

Aug 17 , 2025

Mini-Grids, Mega-Parks Drive Solar Ambition

The Ministry of Water & Energy is advancing solar capacity through collaboration with the International Solar Alliance (ISA). State Minister Sultan Wali (PhD) said the partnership will expand ener...


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital

The recent policy decision to fully open freight forwarding to foreign capital may become...

Editorial | Jun 13 , 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

THE PRICE OF MISTRUSTING THE TAP

Bottled water, once a symbol of convenience and safety for most residents, has become a sm...

Agenda | Jun 14 , 2026 . By HELINA HADGU

Parliament Receives Biggest Budget Bill, Debt Already First in Line

Finance Minister Ahmed Shide walked into Parliament on Thursday, June 11, 2026, with the l...

Fortune News | Jun 14 , 2026 . By NAHOM AYELE