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Mar 16 , 2025

Cholera Outbreak Escalates in Western Ethiopia Amid South Sudan Refugee Crisis

Doctors Without Borders (MSF) reports a rapidly spreading cholera outbreak in western Ethiopia, with 31 deaths in Gambella Regional State within the past month. Since the outbreak began in February, o...

Mar 16 , 2025

Central Bank, Securities Exchange Partner on Interbank Market

National Bank of Ethiopia (NBE) and Ethiopian Securities Exchange (ESX) join forces to improve the operation and governance of a transparent interbank money market, using the Exchange's trading platfo...

Mar 16 , 2025

Somali, Amhara Regional States Receive Major Water Project Boost

Over 650 million Br is being invested in crucial drinking water projects across the Somali and Amhara regional states, with initiatives launched to improve access to clean water for thousands of resid...

Mar 9 , 2025

Central Bank, Global Alliance Partner to Enhance Sustainable

The National Bank of Ethiopia (NBE) recently hosted a high-level meeting with representatives from the Global Alliance for Banking on Values (GABV) and selected member banks in anticipation of the 17t...

Mar 9 , 2025

Commercial Bank of Ethiopia Adjusts Loan Interest Rates Amid Market Reforms

Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025. Bank executives cited rising deposit mobilisation costs and the need to align with mark...

Mar 9 , 2025

Chemical Corp Posts Substantial Revenue, Profit Growth in 1Q

The state-owned Chemical Industry Corporation recorded a revenue of 2.53 billion Br in the first half of the 2024/2025 financial year. The Corporation reported a profit before tax of over half a billi...

Mar 9 , 2025

Ministry Lauds Transporting Large Fertiliser Shipments

Over 700,763tns of fertiliser have arrived at the ports of Djibouti, according to the Ministry of Transport & Logistics. Officials have confirmed that more than 90pc of this shipment has already b...

Mar 9 , 2025

DBE Generates 7.42 Billion Birr in Revenue; Faces Challenges with Non-Performing Loans Mid-Year

Ethiopian Investment Holdings (EIH) conducted a half year performance review with the Development Bank of Ethiopia (DBE) to assess its accomplishments for the 2024/2025 fiscal year. EIH announces that...

Mar 9 , 2025

Ethiopia and Korea railway Sign MOU to Improve Ethiopian Railway service

The Ethiopian Railways Corporation (ERC) and Korea Railroad Corporation (KORAIL) have signed a Memorandum of Understanding (MOU) to advance railway development, technical exchange, and infrastructure...

Mar 9 , 2025

Shipping Co. Allocates Over Half Billion Birr for Qaliti Port Development

The Ethiopian Shipping & Logistics Services (ESLS) has allocated a budget of 510 million Br for the design and construction of internal roads and the container terminal at Qaliti Port. The company...

Mar 3 , 2025

Central Bank's Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held last week, offering 60 million dollars. Close to 27 banks made their bid where the weighted average was 135.61 Br fo...

Mar 2 , 2025

Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are availab...

Mar 2 , 2025

Addis International Convention Centre Inaugurates

The much-anticipated Addis International Convention Centre, spanning 40 hectares, was officially inaugurated last week. It is set to become the country's largest conference venue, designed to host bot...

Mar 2 , 2025

Communications Authority Reports Surge in Licensing

In the first half of the current fiscal year, the Ethiopian Communications Authority (ECA) issued three communications investment licences, 184 telecommunications service licences, 23 postal service l...

Mar 2 , 2025

Electric Utility Generates 23.83 Billion Br in Revenue in Six Months

Ethiopian Electric Utility (EEU) reported strong growth in the first half of the fiscal year. The Utility's revenue from energy and related sales reached 23.83 billion Br, with a provisional net incom...

Mar 2 , 2025

Sovereign Fund Reports Strong Performance in First Half Year

The Ethiopian Investment Holdings (EIH) in a performance report of the first half of 2024/2025 fiscal year, stated that it registered strong results by the companies under the sovereign fund. One of t...


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Last week, the International Finance Corporation (IFC), part of the World Bank Group, anno...

Editorial | Apr 6 , 2025

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Key Takeaways: Human stories, like Hiwot's and Mekdes', reveal dire safety lapses i...

Featured | Apr 6 , 2025 . By YITBAREK GETACHEW

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Key Takeaways Addis Abeba residents face sudden and severe fines for waste disposal v...

Agenda | Apr 6 , 2025 . By AKSAH ITALO

Ministry Moves to Forge Trade Policy as WTO Push Sparks Hopes, Fears

Federal officials and private sector leaders are finalising the first consolidated trade p...

Fortune News | Apr 6 , 2025 . By RUTH BERHANU