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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...

Aug 18 , 2024

New Tool Tracks Africa's Youth Job Growth

A new tool to monitor and forecast youth job growth across Africa until 2030 was launched last week. The African Youth Employment Clock (AYEC) provides real-time data on job creation and employment tr...

Bloomberg-Backed Training Seeks Boosting Financial Journalism

A new financial journalism training program expected to boost the country's emerging capital markets kicked off last week. The initiative, a partnership between Bloomberg Media Initiative Africa (BMIA...

Aug 18 , 2024

Ministry Avails Three Integrated Parks to Local Investors

Ministry of Industry announced plans to transfer sheds within three integrated agro-industrial parks (IAIPs) across the country that have thus far consumed over 32 billion Br. Bure, Bulbula and Yirgal...

Aug 18 , 2024

Leading Private Bank Joins Force for Digital Equb

Ethiopia's leading private commercial bank, Awash Bank, has joined forces with FinTech startup eQub Financial Technologies to revolutionise the traditional Equb system through digital platforms. Th...

Aug 18 , 2024

Dashen Bank Launches Interest-Free Credit Platform

An interest-free credit service “IFB DubeAle” with up to 700,000 Br credit limit was availed last week. Powered by one of the largest private commercial banks, Dashen Bank, the platform which alig...

Aug 11 , 2024

Passport Fees Soar Amidst Economic Twists

Ethiopian citizens are facing higher costs for passport services following a recent fee hike implemented by the Immigration & Citizenship Services (ICS). The price of obtaining a new booklet or...

Aug 11 , 2024

Ministry Intensifies Crackdown on Price Gouging

Over 1,649 trucks laden with essential food items such as edible oil, sugar and rice have been imported, according to the Ministry of Trade & Regional Integration. Officials disclosed that while p...

Aug 11 , 2024

Dashen Bank Moves to Cushion Rising Travel Costs

A new card program offering financing options for travel expenses was availed last week. Dashen Bank has introduced two new card programs designed to cater to the needs of travellers and shoppers. The...

Aug 11 , 2024

Ministry Injects Billions in Revised Budget

Leaders from the federal institutions gathered at the halls of the Ministry of Finance on King George VI St. last week to overhaul the fiscal year's budget. A dramatic surge is on the cards, with an a...

AfDB Backs Dashen Bank with $40m for Trade Finance

Executives of Dashen Bank have secured a 40 million dollar transaction guarantee facility from the African Development Bank Group (AfDB). The funding is expected to boost import and export trade for S...

Aug 4 , 2024

Fed Secures 25m Grant, Loan for Green Development

A 25 million euro financing agreement to finance state projects such as Gebeta Letewled was signed last week. The agreement includes a 13.5 million euro grant and an 11.5 million euro soft loan aimed...

Aug 4 , 2024

Justice Minister Gedeon Advocates for Legal Professionals

Ethiopian lawyers are optimistic about potential tax relief after Justice Minister Gedeon Timotheos urged the Finance Ministry and Addis Abeba Revenue Bureau to allow deductions for business expenses...


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


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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