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Feb 16 , 2025

Horn Initiative Boosts Regional Development Agenda

A total of 20 projects worth three billion dollars are currently being implemented in Ethiopia under the Horn of Africa Initiative, which held a performance review platform last week. This initiative...

Feb 16 , 2025

Budget Woes Plague Region

The Amhara Regional State's six-month performance review revealed substantial budget shortfalls, achieving only 28.27pc of its targeted revenue. Chief Administrator Arega Kebede reported to the region...

Feb 16 , 2025

Modern Farming Boosted with New Centre of Excellence

The Agricultural Mechanization Centre of Excellence, built in the Qaliti area with collaboration from South Korea was inaugurated last week. The centre was constructed in seven months at a project cos...

Feb 16 , 2025

Ethio telecom Reports Over 40pc Revenue Growth, Faces Decline in Forex, Plans Nationwide Fibre Cable Upgrade

The state-owned telco posted its second-quarter results last week, marking 43pc revenue jump year-on-year. The company recorded 61.9 billion Br in total revenue for the first six months of the 2024/2...

Feb 16 , 2025

New Digital Suite Tackles Digital Payment Limitations

Nib International Bank launched two new digital products, Nib Amber Pay and Nib PayStream, seeking to streamline transactions. The former enables business clients to easily and securely receive paymen...

Feb 10 , 2025

Parliament Overhauls Three Key Sectors

Parliament approved two key proclamations last week seeking to strengthen the justice system and civil registration processes. The first re-establishes the Federal Justice & Legal Institute under...

CBE Hits Deposits Record

The Commercial Bank of Ethiopia (CBE) achieved a record 303 billion Br in deposits in the first seven months of the budget year—the largest deposit amount in the Bank's history. Total deposits now s...

Feb 10 , 2025

Revenue Bureau Cracks Down on Alleged Tax Evaders

Addis Abeba Revenue Bureau introduced a debt tracking system that would trace tax evaders. As a result, five vehicles were seized and sold to recover tax debts, generating 10.9 million Br. Currentl...

Feb 10 , 2025

First Ethiopian to Take Helm at Coca-Cola

Coca-Cola Beverages Africa (CCBA) in Ethiopia has appointed Melkamu Abebe as its new Managing Director, marking the first time an Ethiopian has held this position. His appointment follows a period as...

Feb 10 , 2025

Dodai Pushes E-bike Adoption, Supports First Association

Dodai, an electric bike manufacturer, has launched an initiative to cover the cost of license plates for 250 customers which have formed an association as mandated by the Addis Abeba Transport Bureau...

Feb 10 , 2025

M-Pesa, Dashen Bank, CashGo Team Up for Remittances

M-PESA Safaricom has partnered with Dashen Bank and CashGo to launch a new international remittance service, enabling Ethiopians to receive money directly into their M-PESA mobile wallets. Dashen Bank...

Feb 10 , 2025

Capital Market Authority Demands Share Data from Public Companies

The Ethiopian Capital Market Authority (ECMA) issued a public notice last week, requiring all publicly held companies with more than 50 shareholders to submit detailed information about their existing...

Feb 2 , 2025

New Unit to Oversee City Tax Audits

The Addis Abeba City Administration Revenues Bureau has launched a new work unit to ensure the quality of tax audit decisions through a re[1]auditing procedure. According to Adane Sule, the head of th...

Feb 2 , 2025

Shipping Behemoth Beats Profit Target Despite Cargo Dip

Ethiopian Shipping & Logistics (ESL) announced its six-month performance report for the fiscal year, revealing a mixed outcome. While it achieved 95pc of its operational service target, handling ...

Feb 2 , 2025

Customs Hits Revenue Target, Cracks Down on Smuggling

The Ethiopian Customs Commission announced that it has exceeded its revenue collection target for the first six months of the fiscal year. The Commission collected 203.75 billion Br, surpassing the pl...

Feb 2 , 2025

Italy Boosts Ethiopian Tech Innovation

A 4.69-million-dollar (4.5 million Euro) grant to establish an incubation centre for high-technology innovation enterprises has been availed by the Italian government. Minister of Finance, Ahmed Shide...

Columns

Commentaries | Jun 06,2026

The Elections Offered Order at the Centre, Silence at the Edges

For a political veteran as controversial as Getachew Reda, last week's national elections...

Editorial | Jun 6 , 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 GOLD RUSH RUNS OUT OF FUEL

Zenebe Girja used to sit close to the centre of the formal gold trade, where sacks of raw...

Agenda | Jun 7 , 2026 . By MASTEWAL ZEMENE

National Census Delay Opens a New Fight Over Who Controls the Facts

The long-delayed census has returned to Parliament not as a counting exercise, but as a fi...

Fortune News | Jun 7 , 2026 . By NAHOM AYELE

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