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Sep 14 , 2024

AfDB Country Director Meets Finance Minister

The newly appointed African Development Bank (AfDB) Country Director for Ethiopia met with Minister of Finance Ahmed Shide last week, signing a one million dollar Grant Agreement to support communitie...

Sep 14 , 2024

City Gears Up for Pan African Lawyers Union Congress

Over 400 members of bar associations across Africa and representatives from regional and international organisations will convene in Addis Abeba next month for the 14th Pan African Lawyers Union (PALU...

Sep 14 , 2024

Energy Ministry Seeks to Boost Biofuel Use

The biofuel development and utilisation strategy was up for discussion between officials at the Ministry of Water & Energy and stakeholders last week. Gosaye Mengiste, energy sector advisor at...

Sep 14 , 2024

Finance Ministry Receives $10.3m for Ex-Combatant Reintegration

The national demobilisation and reintegration program has garnered nearly 10.3 million dollars from Canada. The funding is expected to aid in the demobilisation of over 371,971 ex-combatants and their...

Sep 14 , 2024

Ministry Announces Dismal National Exam Results

Ministry of Education has released the results of this year's 12th-grade national exam, revealing a marginal improvement in student performance. Still, only 5.4pc of the 674,823 students who took the...

Sep 8 , 2024

Fitch Downgrades Lemmi National Cement Investor

Fitch Ratings has lowered West China Cement Limited's (WCC) credit rating due to concerns over its financial health and operating environment in Ethiopia. The company's Long-Term Issuer Default Rating...

Ethiopia Seals Currency Swap Deal with China

Ethiopia and China have agreed to use their respective currencies for bilateral trade, a move aimed at enhancing economic cooperation and addressing foreign exchange challenges. The announcement wa...

Sep 8 , 2024

USAID Launches National Youth SACCOs

The United States Agency for International Development (USAID) Integrated Youth Activity (IYA), Kefeta, has reached a milestone in its youth empowerment efforts. The Amref Health Africa-led project ha...

Sep 8 , 2024

Dashen Bank, Mastercard Launch Online Payment System

Dashen Bank, in partnership with Eagle-Lion System Technology and Mastercard, has introduced a new online payment service called "GetFee - Pay By Link". This service allows customers to make secure an...

Sep 8 , 2024

TradeMarkAfrica Appoints Hailemariam Desalegn as Board Chair

TradeMarkAfrica (TMA) has announced the appointment of Hailemariam Desalegn, former Prime Minister of Ethiopia, as its new Board Chair. Hailemariam will lead TMA as it focuses on increasing African ex...

Sep 8 , 2024

Investors Urge IPDC Reconsider Increased Lease Rates

Investors in industrial parks are faced with increased lease rates for factory sheds overnight after the exchange rate floatation caused the Birr's value to plunge to less than half its value within d...

Sep 8 , 2024

New Year Ushers Electric Tariff Raise

A new electric tariff structure is implemented nationwide aimed at improving the financial health of the Ethiopian Electric Utility (EEU). This move is part of broader energy reforms to enhance infras...

Sep 3 , 2024

Adama-Awash Expressway Construction to Relocate Hundreds of Households

Hundreds of households and thousands of hectares of farmland are poised for relocation for the construction of the Adama-Awash Expressway, with total estimated budget for compensation and related cost...

Sep 1 , 2024

INSA Unveils New Data Center to Bolster Cybersecurity

The Information Network Security Agency (INSA) has introduced a new data centre that will provide digital certificates for national institutions and private companies, ensuring data confidentiality, i...

Sep 1 , 2024

Midroc Gold Expands with Million Dollar Machine Investment

Midroc Gold, a leading company in gold mining industry, has upgraded its operations with the acquisition of new heavy mining equipment, valued at over 1.5 million dollars. The delivery of two Komatsu...

Sep 1 , 2024

Ministry Urges Businesses Prioritise Quality

The crucial role of exceeding consumer expectations through high-quality production in reducing import reliance and enhancing exported goods was underlined at a recent panel discussion at the Ministry...


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Addis Abeba's Setback Rules Leave Homes Flattened, Voices Silenced

Getachew Reda's return to the national stage was always going to stir attention. Once at t...

Editorial | Sep 20 , 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

After the Exam Shake-Up, a Generation Left Behind

Haimanot Yonas discovered her exam result at dawn last week, squinting at a flickering pho...

Agenda | Sep 21 , 2025 . By NAHOM AYELE

Eyob Steps into the Hot Seat with Reform on His Mind

Eyob Tekalegn (PhD) assumed the governorship of the National Bank of Ethiopia (NBE) last w...

Fortune News | Sep 21 , 2025