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Oct 19 , 2024

Zemen Bank's Profit Soars, Deposits Reach New High

Executives of Zemen Bank have announced a record-high profit for the ended fiscal year. The Bank netted 2.39 billion Br, a 32pc jump from the previous year, fueled by increased deposits and a strong p...

Oct 19 , 2024

Solar Cell Production Set for Hawassa

The Tokyo-based solar solutions company, Toyo Solar, has announced plans to set up a solar cell manufacturing facility in Hawassa Industrial Park (HIP) with an expected annual capacity of two gigawatt...

Oct 19 , 2024

Tripartite Partnership Comes Live to Boost Regional Capital Markets

A partnership that promotes cross-border investments, knowledge exchange, and capacity building was formed between the securities exchanges of Ethiopia and Kenya last week. Ethiopian Securities Exc...

Oct 12 , 2024

Ethiopia Gears Up to Host Global Logistics Leaders in 2027

Logistics professionals are gearing up to discuss industry developments and strengthen international ties, as Ethiopia hosts the 64th World Congress of the International Federation of Freight Forwarde...

Oct 12 , 2024

Civil Registration Agency Set to Roll Out FAYDA ID Registration Across Addis Abeba

The Civil Registration & Residency Service Agency (CRRSA) will lead the registration of the FAYDA digital ID system across Addis Ababa, covering 119 woredas, 11 districts, and the Agency's two bra...

Oct 12 , 2024

Digital Platform Aims to Bridge Financing Gap for MSMEs

To bridge the financing gap in micro, small, and medium enterprises (MSMEs), Ahadu Bank has launched an uncollateralised digital lending platform. Dubbed 'Mahder,' the new system enables credit regist...

Oct 12 , 2024

Six Year Health Financing Program Draws Down

The United States Agency for International Development (USAID) has concluded its six-year Health Financing Improvement Program (HFIP) in Ethiopia aimed at expanding health insurance coverage and impro...

Oct 12 , 2024

Second Phase Corridor Development Commences

Mayor Adanech Abiebie revealed that the second phase of Addis Ababa's corridor development will encompass 132 kilometers and cover 2,817 hectares. The city administration has earmarked five billion bi...

Oct 12 , 2024

RIDE Increases Service Fees Amid Strategic Changes

RIDE, a leading ride-hailing service provider, has announced an increase in its baseline service fee from 100 to 130 Br, effective October 7, 2024. The decision comes as part of a strategic plan to im...

Oct 12 , 2024

UK, Germany Roll Out $9m to Boost Textile Industry

A 9-million-dollar funding initiative spanning the next three years was rolled out by the UK and German governments to improve economic development and trade in Ethiopia's textiles and garments sector...

Oct 5 , 2024

Newly-opened Trade Sectors Attract 21 Investment Applications

The Ethiopian Investment Commission has received 21 applications for investment licenses from foreign investors looking to tap into newly opened retail and export sectors. The Ethiopian Investment Boa...

Oct 5 , 2024

Former Ethio telecom CEO Joins Safaricom

Safaricom Ethiopia has announced the appointment of Andualem Admassie (PhD) as its new Chief External Affairs Officer. Having previously served as the CEO of Ethio Telecom, Andualem would bring a weal...

Oct 5 , 2024

Ride-Hailing Service Collaborates to Enhance Digital Payments, Healthcare

Yango, the international ride-hailing service, has entered two partnerships aimed at improving both digital payments and healthcare access for its commuters and partner drivers in Ethiopia. In coll...

Oct 5 , 2024

Ethiopia Receives $70 Million World Bank Loan to Improve Governance

The Ethiopian government has secured a 70-million-dollar concessional loan from the World Bank to support its efforts to modernize public administration and improve financial management. The loan will...

Oct 5 , 2024

Backing Coffee with Tourism

On October 1, International Coffee Day was celebrated with a landmark event: the first Ethiopian Coffee Tasting Competition, judged by Samuel Demisse, founder of Keffa Coffee from the United States. W...

Oct 6 , 2024

Nib Banks Short-Lived CEO Finds a New Home at DBE

Finance Minister Ahmed Shide appointed Emebet Melese (PhD), who helmed as president of Nib Bank in May this year, to lead the Development Bank of Ethiopia (NBE), effective October 11, 2024. She has...

Columns

Commentaries | Sep 13,2025

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

Student Tax ID Push Triggers Logjam

The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival...

Agenda | Sep 13 , 2025 . By NAHOM AYELE and YITBAREK GETACHEW

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE