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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...

Sep 1 , 2024

Fed to Receive $15M Lifeline for Urgent Humanitarian Relief

The United Nations has allocated 15 million dollars to Ethiopia from its Central Emergency Response Fund (CERF) for urgent relief to millions facing hunger, displacement, disease outbreaks, and climat...

Aug 25 , 2024

Zemen Bank Expands Reach with Dutch Businesses Partnership

Zemen Bank expands its network with over 75 Dutch businesses operating in Ethiopia, signing an associate membership agreement with their lobby group last week. According to Asrat Tadesse, from Zeme...

Aug 25 , 2024

Wegagen Bank Unveils Global Prepaid Visa Card

Customers of Wegagen Bank are set to make cashless payments globally at ATMs and point-of-sale (POS) terminals, as the Bank introduces an international prepaid Visa card. Yared Endale, country mana...

Aug 25 , 2024

Italy, UNOPS Ink 1.5m Deal to Revamp Tigray Hospital

A 1.5 million euro project agreement to re-establish the healthcare services at Suhul Hospital in Tigray Regional State was signed last week. The project is expected to benefit over 18,000 people thro...

Takaful Gains Ground in Ethiopia's Insurance Market

A two-day international forum in Addis Abeba brought together experts from around the world to discuss the prospects and perils facing the growing interest-free banking industry in Africa. Discussi...

Aug 25 , 2024

Railway Corp Launches Construction Unit for Regional Road Project

The financial issues of Ethiopian Railway Corporation (ERC) are expected to be addressed as it establishes a new construction business unit. This initiative will focus on the maintenance of a 60Km roa...

Aug 20 , 2024

Customs Commission Backtracks on Pre-Float Import Tax Calculations

Ethiopian Customs Commission has announced revised import tax regulations allowing shipments documented before the currency liberalisation will be subject to import taxes calculated based on the exch...

Aug 20 , 2024

Securities Exchange Nears Launch with Advanced Trading Platform

Ethiopian Securities Exchange (ESX) is on track to launch its real-time trading platform in the coming months, marking a momentous milestone for the country's capital market. A climactic component...


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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

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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

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

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE