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Oct 5 , 2024

Ride-Hailing Service Collaborates to Enhance Digital Payments, Healthcare

Yango, the international ride-hailing service, has entered two partnerships aimed at improving both digital payments and healthcare access for its commuters and partner drivers in Ethiopia. In coll...

Oct 5 , 2024

Ethiopia Receives $70 Million World Bank Loan to Improve Governance

The Ethiopian government has secured a 70-million-dollar concessional loan from the World Bank to support its efforts to modernize public administration and improve financial management. The loan will...

Oct 5 , 2024

Backing Coffee with Tourism

On October 1, International Coffee Day was celebrated with a landmark event: the first Ethiopian Coffee Tasting Competition, judged by Samuel Demisse, founder of Keffa Coffee from the United States. W...

Oct 6 , 2024

Nib Banks Short-Lived CEO Finds a New Home at DBE

Finance Minister Ahmed Shide appointed Emebet Melese (PhD), who helmed as president of Nib Bank in May this year, to lead the Development Bank of Ethiopia (NBE), effective October 11, 2024. She has...

Oct 6 , 2024

Central Bank Grants Forex Bureau Permits to Five Non-Bank Operators

The National Bank of Ethiopia (NBE) has granted licenses to five private non-bank entities to operate in the foreign exchange market, in a groundbreaking move to liberalise a tightly regulated forex r...

Sep 29 , 2024

Premier Inaugurates Lemi National Cement Factory

Prime Minister Abiy Ahmed (PhD) inaugurated the slated-to-be largest cement factory in the nation, Lemi National Cement, marking a significant milestone in the industry. With a daily production cap...

Sep 29 , 2024

IMF to Unlock $345m in Loans, Concluding Ethiopia Deals First Review

Alvaro Piris, chief of the International Monetary Fund's (IMF) staff team, struck a bullish tone completing a two-week visit to Addis Abeba — an optimistic shift from his language of despair over th...

Sep 29 , 2024

Ministry Upgrades Public Transport Terminal

Ministry of Transport and Logistics is undertaking an upgrade to the public transport terminal at the Asco Public Transport Terminal, one of the terminals in Addis Abeba city. The works include paving...

Sep 29 , 2024

Ethiopian Airlines to Expand Italy Flights

Ethiopian Airlines CEO Mesfin Tasew announced plans to enhance connectivity between Addis Abeba and Rome and Milan by increasing the number of weekly flights between the two nations from 14 to 20. ...

Sep 29 , 2024

Premier Switch Solutions Targets Expanded Clientele

Premier Switch Solutions (PSS) is currently negotiating with more than ten commercial Banks to provide its services beyond its shareholders. The company has extended its strategic partnership with the...

Sep 29 , 2024

$2.7 Million Digital Boost for Youth

Safaricom Ethiopia partnered with Vodafone Foundation, United States Agency for International Development (USAID) and Amref Health Africa to support the Kefeta (USAID Integrated Youth Activity) Projec...

Sep 29 , 2024

Centre Looks to Enhance Ethio-China Trade, Investment

In a bid to enhance trade and investment between China and Ethiopia, the first Africa-China Investment and Trade Facility (ACTIF) center has been inaugurated last week at Hyatt Regency Hotel, with hop...

Melika Bedri Replaces Melaku Kebede at EthSwitch Board of Directors

ZamZam Bank' president is elected Vice Chair of the Board of Directors for the national switch, replacing the former United Bank president. This was announced in a special program organized by EthSwit...

Sep 22 , 2024

CBE, Visa Join Hands

The agreement between Visa International and the Commercial Bank of Ethiopia will last for five years and will include capacity building training for the bank's staff. The strategic agreement is cruci...

Sep 22 , 2024

Ethio Telecom Signs Strategic Partnership

The giant telecom company signed a strategic partnership agreement with the Chinese company which includes the provision of foreign currency to import and develop new technologies. The agreement was s...

Sep 22 , 2024

Lion International Bank Ready for Liberalized Market

Lion International Bank held a ceremony last week at Skylight Hotel on Africa Avenue to recognize and appreciate its longstanding customers who have played a pivotal role in mobilizing foreign exchang...

Columns

Commentaries | Oct 25,2025

The Rules Multiply. So Does the Confusion, and Uncertainty

The regulatory machinery is on overdrive. In only two years, no fewer than 35 new proclama...

Editorial | Oct 25 , 2025

TRADITION THRIVES AS COSTS CLIMB

As dawn broke over Addis Abeba last week, the city's arteries pulsed not with the usual we...

Featured | Oct 5 , 2025 . By REDIET YARED

Pay Penalty, Convert Lease Hold, or Cease Business

The clang of metal shutters has gone silent on Addis Abeba's commercial corridors across B...

Agenda | Oct 26 , 2025 . By NAHOM AYELE

Addis Abeba Education Bureau Rolls Out Cluster Classes

Officials of the Addis Abeba's Education Bureau have embarked on an ambitious experiment t...

Fortune News | Oct 25 , 2025 . By YITBAREK GETACHEW