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Apr 6 , 2025

Unilever Ethiopia Eyes Triple Sales Under New Executive

Unilever Ethiopia plans to triple its annual sales within the next five years, aiming to reach 200 million euros. The growth push is led by 42-year-old Nesibu Temesgen, who took the top job this month...

Apr 6 , 2025

EU Grants Ethiopia a 240 Euro to Support Key Sectors

Financial Assistance Targeted at Agribusiness, Digital Expansion, and Democratic Institutions The European Union (EU) has agreed to provide Ethiopia with a grant of €240 million to support develo...

Apr 6 , 2025

Institute Introduces Marks for Imports Goods

Initiative Aims to Enhance Product Quality and Facilitate Global Trade Integration The Ethiopian Standards Institute (ESI) has announced the upcoming implementation of a new standard mark for impor...

Apr 6 , 2025

Birr Strengthens Marginally Against Dollar as National Bank of Ethiopia Conducts Auction

The National Bank of Ethiopia announces further foreign exchange auctions as demand persists despite currency fluctuations. The Birr was traded at 131.71 against the Dollar during a central bank au...

Apr 6 , 2025

Nationals Contribute 20B Br to GERD Project

Over the past almost decade and a half, more than 20 billion Br has been collected for the construction of the Grand Ethiopian Renaissance Dam (GERD), disclosed the project coordination office. Of thi...

Mar 30 , 2025

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Mi...

Mar 30 , 2025

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The Nat...

Mar 30 , 2025

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to me...

Mar 30 , 2025

Ethiopian Airlines to Introduce Electric Air Taxis for City Travel

Ethiopian Airlines has made a 30-million-dollar deal with Archer Aviation to bring electric air taxis to the country. The airline plans to use Archer's "Midnight" aircraft to create a new, faster way...

Mar 30 , 2025

Ministry Joins Force with RIDE on Regional Gig Economy Jobs

Ministry of Labour & Skills and Hybrid Designs Plc, the parent company of Ride, have partnered to expand technology-driven transportation services to regional states, creating 300,000 gig economy...

Mar 30 , 2025

Hibret Bank Partners with Mastercard to Advance Digital Banking

Hibret Bank moves to strengthen its digital banking capabilities, leveraging Mastercard's expertise, financial and advisory support. Adualem Hailu, vp of strategy & technology at Hibret Bank, d...

Mar 30 , 2025

France Backs Ethiopia's SOE, Financial Sector Reforms

Around 3.5 million euros worth of technical support is promised by France to advance financial sector reform, state-owned enterprises (SOEs) policy reforms, capacity building, and public-private partn...

Mar 23 , 2025

Ethiopia Revives WTO Ambitions After Five-Year Stall

Ethiopia's trade delegation led by Kassahun Gofe (PhD), a chief negotiator in the WTO accession talks, is reviving a long-stalled effort to join the World Trade Organisation (WTO), signalling renewed...

Mar 23 , 2025

First Digital Insurance, Loan Services Launched

A new digital insurance and loan service platform christened 'Agar' - translated as a partner - has debuted in the market, marking a notable entry into the financial sector. The initiative, a colla...

Mar 23 , 2025

City Forms Task Force to Regulate Informal Street Vendors

A new task force under the city administration will enforce new regulations designed to restore order on the streets of Addis Abeba and address concerns over cleanliness and public safety. The task fo...

Mar 23 , 2025

Ministry Targets More Revenues Imposing New Excise Stamp System

Tax authorities announced a pending requirement for unique excise stamps on excisable products as part of their target to improve tax collection strategies. Minister of Revenues, Aynalem Nigussie,...


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital

The recent policy decision to fully open freight forwarding to foreign capital may become...

Editorial | Jun 13 , 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

THE PRICE OF MISTRUSTING THE TAP

Bottled water, once a symbol of convenience and safety for most residents, has become a sm...

Agenda | Jun 14 , 2026 . By HELINA HADGU

Parliament Receives Biggest Budget Bill, Debt Already First in Line

Finance Minister Ahmed Shide walked into Parliament on Thursday, June 11, 2026, with the l...

Fortune News | Jun 14 , 2026 . By NAHOM AYELE