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Jul 13 , 2025

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownershi...

Jul 13 , 2025

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of ce...

Jul 13 , 2025

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the p...

Jul 13 , 2025

Lowland Livelihood Project Completed in Dubti

Construction of the Lowland Livelihood Improvement Project in Dubti town, Algelyta Kebele, worth 10 million Br has been completed, according to Muhammad Hassan, the regional project coordinator. The l...

Jul 13 , 2025

AI Institute, Federal Police Ink Deal for Smart Station

The Ethiopian Artificial Intelligence Institute (EAII) and the Ethiopian Federal Police Commission (EFP) have signed an agreement to develop a Smart Police Station aimed at modernising law enforcement...

Jul 13 , 2025

Innovation Ministry Taps KPMG for Startup Consulting, Policy Reform

The Ministry of Innovation & Technology has inked a strategic partnership with KPMG East Africa in a bid to bolster Ethiopia's fledgling startup ecosystem. The collaboration will cover early-stage...

Jul 6 , 2025

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula...

Jul 6 , 2025

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote...

Jul 6 , 2025

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Ta...

Jul 6 , 2025

Safaricom Ethiopia Launches Social Impact Foundation

Safaricom Ethiopia has launched the Safaricom Ethiopia Foundation, registered under the Authority for Civil Society Organisations, to scale its social investments in education, health, digital inclusi...

Jul 6 , 2025

Ethiopian Capital Market Secures Major Grant

The African Development Bank(AfDB) has approved a 400,000 dollars grant to support Ethiopia's emerging capital market ecosystem. Funded through the Capital Markets Development Trust Fund, the grant wi...

Jul 6 , 2025

CBE Posts Highest-Ever Growth, New Deposits

The Commercial Bank of Ethiopia(CBE), has announced a record-breaking 515 billion Br in new deposits during the 2024/25 fiscal year, pushing its total deposits to 1.69 trillion Br. In a message shared...

Jul 6 , 2025

New World Bank Financing Boosts Economic Reform, Social Protection

The government has secured a 1 billion doallrs  financing agreement with the World Bank under the Second Sustainable and Inclusive Growth Development Policy Operation, marking a significant step forw...

Jul 6 , 2025

Capital Markets Set for Lift with Real Estate Funds, Commercial Paper

Ethiopia's financial sector is on the brink of a transformative shift as the Ethiopian Securities Exchange (ESX), with FSD Africa and FSD Ethiopia, prepares to launch Real Estate Investment Trusts/Fun...

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material...

Jun 29 , 2025

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement...


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THE GOLD RUSH RUNS OUT OF FUEL

Editorial | Jun 06,2026

The Elections Offered Order at the Centre, Silence at the Edges


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The Elections Offered Order at the Centre, Silence at the Edges

For a political veteran as controversial as Getachew Reda, last week's national elections...

Editorial | Jun 6 , 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 GOLD RUSH RUNS OUT OF FUEL

Zenebe Girja used to sit close to the centre of the formal gold trade, where sacks of raw...

Agenda | Jun 7 , 2026 . By MASTEWAL ZEMENE

National Census Delay Opens a New Fight Over Who Controls the Facts

The long-delayed census has returned to Parliament not as a counting exercise, but as a fi...

Fortune News | Jun 7 , 2026 . By NAHOM AYELE