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Jun 22 , 2024

Central Bank Revises Gold Premiums Amid Supply Chain Chaos

The National Bank of Ethiopia (NBE) has adjusted its gold procurement strategy in response to major supply chain disruptions over the past three years. Last week, the central bank introduced a tiered...

Jun 22 , 2024

Report Lauds Fund Remedy for Global Coffee Farmers

A global fund mechanism to finance over 25 million coffee farmers globally was proposed by the United Nations Industrial Development Organisation (UNIDO) and the International Coffee Organisation (ICO...

Jun 15 , 2024

Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Or...

Jun 15 , 2024

Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to...

Jun 15 , 2024

Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the...

Jun 15 , 2024

Authority Cracks Down on Tobacco Disposal

The proper collection, treatment, and disposal of tobacco product waste is put forth by regulators at the Ethiopian Food & Drug Authority (EFDA). Officials have taken a step to combat illicit toba...

Jun 15 , 2024

Fed Blocks Purpose Black's Bank Accounts

Ethiopian authorities have blocked the bank accounts of Purpose Black Ethiopia, including those held by its CEO, Fiseha Esehtu (PhD). This action comes amidst allegations of a "controversial transacti...

Jun 15 , 2024

Central Bank's Tough Love Targets Loan Risks, Cronyism

Regulators at the National Bank of Ethiopia (NBE) have rolled out a series of new directives targeting the banking industry, including the preemptive introduction of an "unlikely to pay" category to i...

Jun 15 , 2024

Agribusiness Wilts Under Weathering Hurdles

The agribusiness sector is struggling, with a cascade of conflict, infrastructure deficiencies, and input shortages that led to a decline in investment. The sector's share fell to a two-decade low bel...

Jun 11 , 2024

Court Blocks BGI Ethiopia's Assets Trying High Stake Lawsuits

Judges at the Federal First Instance Court issued an injunction last week, halting the sale of BGI Ethiopia's headquarters and the transfer of shares in Brasseries International Holding Limited (B.I.H...

Ethiopia's Third Shot at Peace Gets a $6.7m Boost

A 6.7 million dollars to finance the National Rehabilitation Commission (NRC)'s disarmament, demobilisation, and reintegration (DDR) program for nearly 370,000 ex-combatants, was pledged by the Japane...

Jun 11 , 2024

Digital Startups Seek Level Playing Field

Digital service providers gathered to discuss the complexities of the country's startup ecosystem last week. Weak legal frameworks and limited access to financing emerged as key challenges, despite th...

Jun 11 , 2024

Feasibility Study Sweetens Possible Restart of Sugar Factory

Industrial Project Services (IPS) completed a year-long feasibility study on restarting operations at the Qessem Sugar Factory in Amhara Regional State. The report, submitted last week, could pave the...

Jun 11 , 2024

Council Eyes Separate Funds for Green Legacy Initiative

To alleviate federal and regional administrations struggling with limited resources, a proclamation dedicating separate funds for land rehabilitation and service efficiency improvement was approved by...

Jun 11 , 2024

A Near Trillion Birr Budget Bill Makes its Way to Parliament

A near one trillion Birr budget was proposed by the Council of Ministers for the next fiscal year, currently under review by lawmakers. The Standing Committee for Plan, Budget and Finance Affairs will...

Jun 11 , 2024

Human Right Association Urges Industrial Parks to Combat Labor Abuses

A call to establish an independent inspection body within industrial parks and monitor labour practices was made by the Association of Human Rights in Ethiopia. The impact of domestic conflict, human...


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Getachew Reda's return to the national stage was always going to stir attention. Once at t...

Editorial | Sep 20 , 2025

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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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Haimanot Yonas discovered her exam result at dawn last week, squinting at a flickering pho...

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Eyob Tekalegn (PhD) assumed the governorship of the National Bank of Ethiopia (NBE) last w...

Fortune News | Sep 21 , 2025