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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...

Aug 17 , 2025

City Roads Authority Outpaces Plan, Inner Streets Get Makeover

The Addis Abeba City Roads Authority outperformed this fiscal year's cobblestone road target, completing 95.2 km, well above the planned 70.2 km, a 35 percent surplus. Officials say the initiative foc...

Aug 17 , 2025

EEU Reports Progress in Distribution Projects, Confronts Persistent Power Losses

The Ethiopian Electric Utility (EEU) closed the 2024/25 budget year with major gains in rural electrification and infrastructure upgrades, but the sector continues to bleed from theft, outages, and ag...

Aug 17 , 2025

Kifiya, Mastercard Foundation Push AI-Driven Credit Access

Kifiya Financial Technologies and the Mastercard Foundation convened the third Kifiya Knowledge Series at the Hyatt Regency, gathering over 250 policymakers, bankers, fintech leaders, and entrepreneur...

Aug 10 , 2025

Somali Region Advances Budget Independence as Revenues Rise

Somali Regional State is moving closer to fiscal independence, with nearly half its budget now funded locally. Officials point to rising agricultural output and stronger tax enforcement as key drivers...

Environmental Protection Authority Shuts Down Polluters

Addis Abeba's Environmental Protection Authority (EPA) has taken enforcement action against 3,249 manufacturers and service providers found violating environmental standards in the 2024/25 fiscal year...

Aug 10 , 2025

Ministry Mandates Full Electronic Clearance for Top Taxpayers

Taxpayers under the Ministry of Revenues' Medium No. 1 branch will have to ditch paper filings and switch entirely to the e-Clearance system for non-audited services starting August 1, 2025. The manda...

Aug 10 , 2025

Brewing the Next Generation: African Fine Coffees Conference Returns to Addis Abeba

The launch of the 22nd African Fine Coffees Conference & Exhibition (AFCC&E) held at Millennium Hall, drew over 1,200 delegates, featured 53 speakers, and showcased more than 350 coffees. Ethi...

Aug 10 , 2025

Addis Roads Authority Produces 3.1b Br in Materials

The Addis Abeba Roads Authority has produced over 3.1 billion Br worth of road construction materials during the 2024/25 fiscal year through in-house manufacturing. The lineup includes aggregates, sub...

Aug 10 , 2025

Manufacturing Sector Edges Past Market Share Target

The manufacturing sector has inched past its domestic market share goal for the 2024/25 fiscal year, reaching 44.84pc against a planned 44.76pc. The figure marks an improvement from last year's 40.8pc...

Aug 7 , 2025

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Pr...

Aug 3 , 2025

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financ...

Aug 3 , 2025

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Fin...


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Ethiopians Celebrate Big Dreams, While Everyday Realities Cast Shadow

The dawn of a new year is more than a simple turning of the calendar. It is a moment heavy...

Editorial | Sep 6 , 2025

Holiday Bazzars Reveal a City Split by Price, Policy, and Public Mood

At the heart of the city, the Zemen Gebeya New Year bazaar inside the Exhibition Hall behi...

Featured | Sep 7 , 2025 . By AMANUEL BEKELE

As Holidays Near, Addis Abeba's Markets Thrum with Hope, Hardship

As the holiday nears, the markets of Addis Abeba thrum with anticipation and anxiety. In t...

Agenda | Sep 7 , 2025 . By AMANUEL BEKELE

Soverign Fund's Foray into Gold Mining Sparks Debate Over Risk Appetite, Strategy

Brook Taye (PhD), the chief executive of the Ethiopian Investment Holdings (EIH), is steer...

Fortune News | Sep 7 , 2025 . By BEZAWIT HULUAGER