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Jul 6 , 2025

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Ta...

Jul 6 , 2025

Safaricom Ethiopia Launches Social Impact Foundation

Safaricom Ethiopia has launched the Safaricom Ethiopia Foundation, registered under the Authority for Civil Society Organisations, to scale its social investments in education, health, digital inclusi...

Jul 6 , 2025

Ethiopian Capital Market Secures Major Grant

The African Development Bank(AfDB) has approved a 400,000 dollars grant to support Ethiopia's emerging capital market ecosystem. Funded through the Capital Markets Development Trust Fund, the grant wi...

Jul 6 , 2025

CBE Posts Highest-Ever Growth, New Deposits

The Commercial Bank of Ethiopia(CBE), has announced a record-breaking 515 billion Br in new deposits during the 2024/25 fiscal year, pushing its total deposits to 1.69 trillion Br. In a message shared...

Jul 6 , 2025

New World Bank Financing Boosts Economic Reform, Social Protection

The government has secured a 1 billion doallrs  financing agreement with the World Bank under the Second Sustainable and Inclusive Growth Development Policy Operation, marking a significant step forw...

Jul 6 , 2025

Capital Markets Set for Lift with Real Estate Funds, Commercial Paper

Ethiopia's financial sector is on the brink of a transformative shift as the Ethiopian Securities Exchange (ESX), with FSD Africa and FSD Ethiopia, prepares to launch Real Estate Investment Trusts/Fun...

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material...

Jun 29 , 2025

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement...

Jun 29 , 2025

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Spo...

Jun 29 , 2025

Customs Drafts New Code to Rein in Clearing Agents

The Ethiopian Customs Commission has drafted a new Code of Conduct for customs clearing agents, targeting long-standing issues of fraud, under-declaration, and informal brokerage that cost the state i...

Jun 29 , 2025

EFDA Launches Pharmaceutical Traceability Hub

The Ethiopian Food & Drug Authority (EFDA) has begun implementing its pharmaceutical traceability system to curb the flow of illegal medicines. Rolled out on June 26, 2025, the system requires all...

Jun 29 , 2025

Ethio-Re Set to Relocate as New Chair Takes Over

Ethiopian Reinsurance (Ethio-Re) is relocating its headquarters to the newly acquired Black Panther Building, purchased for nearly 100 million Br. Board Chairperson Dagnachew Mehari told Fortune that...

Jun 29 , 2025

NBE Requires Rating Disclosure From Foreign Banks

The National Bank of Ethiopia (NBE) has issued a directive requiring foreign bank applicants to disclose any recent credit ratings issued by external agencies but does not impose a minimum rating thre...

Jun 29 , 2025

ESX Sees First Broker-to-Broker Trade

In a landmark transaction, CBE Capital, acting on behalf of a client with a brokerage account, purchased shares from Wegagen Capital, representing Wegagen Bank. The deal marks the first-ever inter-bro...

Jun 21 , 2025

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates fo...

Jun 21 , 2025

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's s...


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The New Gold Standard Comes with a Warning Label

In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-payments...

Editorial | Jul 4 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

A City Between the Market and the Rules

July has arrived with the heaviest rains of the winter, dark clouds and mist blanketing Ad...

Agenda | Jul 4 , 2026 . By NAHOM AYELE and FITSUM TADESSE

Prime Minister Concedes Health Sector Remains Underprovided

The health sector remains underprovided despite rising public spending, Prime Minister Abi...

Fortune News | Jul 7 , 2026