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Apr 27 , 2025

Over 1.6B Dollars Saved Through Shift to Locally Made Income Products

Ethiopia has saved over 1.6 billion dollars in the fiscal year by replacing imported income-generating products with local alternatives, while small and medium enterprises (SMEs) earned 54.5 million d...

Apr 27 , 2025

Ministry Blames Road Delays on 400pc Cost Surge

The Ministry of Urban Development and Infrastructure says road construction targets have fallen short due to a 300–400pc rise in construction material prices. The update came as part of the Ministry...

Apr 27 , 2025

Droga Pharma Launches Health Financial Institution

Droga Pharma has announced the establishment of a financial loan and savings institution designed to support healthcare workers. Was Insurance S.C.—a new  venture affiliated with the firm, is await...

Apr 27 , 2025

Addis Abeba Becomes Home to Boeing's Africa Office

Boeing has confirmed Ethiopia as the location for its new African headquarters, ending speculation that Kenya or South Africa might host the strategic expansion. This move reflects Boeing's commitment...

Apr 19 , 2025

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of...

Apr 19 , 2025

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a...

Apr 19 , 2025

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registrat...

Apr 19 , 2025

Vietnam Deepens Diplomatic Ties with Ethiopia

Prime Minister Abiy Ahmed (PhD) and his Vietnamese counterpart, Phm Minh Chính, oversaw the signing of a series of cooperation agreements during Abiy's official visit to Hanoi—the first by an Ethio...

Apr 19 , 2025

EED Drives Industrial Boom with 2,700 Launched SMEs

Ethiopian Enterprise Development (EED) has helped launch more than 2,700 small and medium-sized manufacturing enterprises in just nine months—driving a wave of industrial growth and employment acros...

Apr 19 , 2025

6,000 Animals Prepared for Slaughter for Easter

The Addis Abeba Abattoirs Enterprise (AAAE) has planned the slaughter of 6,000 animals for Easter. The slaughtering will take place at the city's two main slaughterhouses, known as Kera and Akaki. ...

Apr 19 , 2025

Yango Lets Drivers Pay Insurance Monthly

Yango Group has teamed up with Nib Bank and Nib Insurance to ease the financial strain on drivers by introducing a monthly insurance payment scheme. Under the new arrangement, annual insurance premium...

Apr 19 , 2025

Assosa Animal Health Center Struggles with Lack of Resources

Last week, the Standing Committee on Agricultural Affairs of the parliament visited the Asossa Animal Health Research Center (AAHRC) under the Animal Health Institute in Benishangul Gumuz Regional Sta...

Apr 13 , 2025

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct re...

Apr 13 , 2025

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging t...

Apr 13 , 2025

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance,...

Apr 13 , 2025

ESX Hopes Partnership with FSD Accelerates Market Development

The Ethiopian Securities Exchange (ESX) has entered into a deal with FSD Africa and FSD Ethiopia to improve the capital market. The partnership was announced in a joint statement released last week. ...


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Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE