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Apr 21 , 2024

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a...

Apr 21 , 2024

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending...

Apr 21 , 2024

ECX Tightens Regulations on Sesame Exports

Sales contracts with overseas buyers and pre-registration with the Ministry of Trade & Regional Integration have become mandatory prerequisites for trading sesame on the Ethiopian Commodity Exchan...

Apr 21 , 2024

City Opens Bidding for 243 Prime Plots

About 243 plots were put up for auction by Addis Abeba Land Development & Administration Bureau across nine districts. The plots include areas that were recently marked as part of the corridor...

Apr 21 , 2024

Healthcare, Floriculture Businesses Awarded 4.9m Grant

A couple of businesses have been awarded a 4.9 million euro grant aimed at creating jobs in the healthcare and floriculture industries. Kadisco General Hospital and Tinaw Business Share Company were c...

Apr 21 , 2024

Parliament Paves the Way for Special Economic Zones

Lawmakers approved a proclamation aimed at overseeing the development and administration of Special Economic Zones (SEZs), which are envisioned as an expanded and integrated version of industrial park...

Apr 21 , 2024

Oversight Committee Eyes Regulatory Tweaks Amid Export Slump

The federal government announced the formation of a technical committee tasked with overseeing the engagement of foreign investors in the retail, wholesale, import, and export sectors. The authorities...

Apr 15 , 2024

High-Level Event Aims to Address Humanitarian Crisis

Development partners and government officials are expected to discuss improved humanitarian responses at a crucial event in Geneva, Switzerland this week. Co-hosted by the Ethiopian government and the...

Foundation Announces Up to $2.5m Grants for Agribusinesses

Small and medium enterprises (SMEs) in the agricultural sector are poised for financial support as the Mastercard Foundation Fund pledges to award grants over the next three years. The Agribusiness Ch...

Apr 15 , 2024

Document Authentication Service Gets Fee Revamp

The Council of Ministers approved a new regulation for the Federal Document Authentication & Registration Service last week which introduces a two-tier fee structure for citizens and foreigners, w...

Apr 15 , 2024

Ministry Consults on New National WASH Program

Officials at the Ministry of Water & Energy are launching a new 10-year National Drinking Water, Sanitation & Hygiene (WASH) Program, funded by a 500 million dollar World Bank loan. It aims to...

Apr 15 , 2024

EU Renews National, Continental Commitment

European Union delegation pledges continued humanitarian aid, strong trade ties, and support for major infrastructure projects in Ethiopia, during a press conference held at its headquarters on Cape V...

Apr 15 , 2024

Digital Transformation Council Holds Inaugural Meeting

The newly formed National Digital Transformation Council, led by Deputy Prime Minister Temesgen Tiruneh, held its inaugural meeting last week. This follows Prime Minister Abiy Ahmed's (PhD) announceme...

Apr 15 , 2024

Electric Utility Advances to Off-Grid Power, Electric Vehicles

Ethiopian Electric Utility (EEU) aims to establish off-grid electricity services in remote regions and develop battery charging stations for electric vehicles in partnership with Huawei Technology S.C...

Apr 8 , 2024

ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchang...

AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking pla...


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