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
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...
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...
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...
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...
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
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...
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...
The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hil...
The Ethiopian Securities Exchange (ESX) has achieved a remarkable feat, surpassing its initial capital requirement by more than twofold. Raising a total of 1.51 billion Br capital, the Exchange paves...
A substantial finance package of 1.72 billion dollars, greenlit by the World Bank, aims to fortify Ethiopia's critical economic sectors with six projects encompassing food security, climate resilience...
Poor policy set-ups for credit scoring and intellectual property rights were identified as areas requiring significant overhauls to increase finance for Micro, Small and Medium Enterprises (MSMEs) in...
Apr 1 , 2024
Deloitte, the global consulting firm, receives the inaugural capital market service provider license. The commencement of license issuance was announced last month, making Deloitte's entry into Ethiop...
A key theme for climate-informed investments in crucial sectors like construction, energy, water, transportation, and agriculture was discussed last week, at the Hyatt Regency. It brought together sta...
Amhara Bank has emerged as a major player in the development of the stock exchange, acquiring a significant stake worth 90.6 million Br. This investment marks the largest holding among commercial bank...
Around 14 distributors of the pioneering brewery BGI Ethiopia are locked in a legal battle with the company. The crux of the issue lies in a court injunction obtained by the distributors three months...
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