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Jan 19 , 2025

Parliament Enacts Sweeping Property Tax, Dividing Lawmakers Over Fairness, Economic Impact

Federal legislators passed a landmark property tax law last week, granting regional states and municipal authorities new powers to levy taxes on land-use rights and housing. The bill, with four votes...

Jan 19 , 2025

Council of Ministers Dissolves PEHA

The Council of Ministers approved a regulation that dissolves the Public Enterprises Holding & Administration (PEHA) which managed several state-owned enterprises (SOEs) for over two decades. T...

Jan 12 , 2025

Authority Enacts EV Charging Stations Directive

A new directive setting technical standards, licensing requirements, and safety measures for electric vehicle (EV) charging stations has been approved. Created by the Petroleum & Energy Authority...

Jan 12 , 2025

Fuel Prices Surge Following Subsidy Withdrawal

The Council of Ministers has authorised monthly reviews and adjustments to retail fuel prices, leading to a price hike on January 7. The increase affects gasoline, kerosene, white diesel, light bl...

Jan 12 , 2025

Wegagen Bank Expands into Diaspora Real Estate Market

Wegagen Bank has signed a memorandum of understanding (MoU) with Deluxe Properties to support diaspora communities in purchasing homes. The agreement was signed at Wegagen Bank's headquarters last wee...

Jan 12 , 2025

Parliament Tightens the Screws on Petroleum Distributors

Federal legislators passed today a sweeping bill tightening licensing requirements for distributors of petroleum products and imposing stiffer penalties on violators. The authors' of the bill beli...

Jan 12 , 2025

Dashen Bank Launches New Digital Banking App

Dashen Bank has introduced a new digital banking app that sets a new standard for convenience. The app combines all aspects of personal and commercial banking into one user-friendly platform. It offer...

Jan 12 , 2025

GERD Faces 80bn Br Funding Gap, Nears Completion

The Grand Ethiopian Renaissance Dam (GERD), a 5,150MW hydropower project, requires an additional 80 billion Br, one-third of its 2024 revised cost of 240 billion Br. The dam has reached 97.6pc complet...

Jan 12 , 2025

Parliament Approves Asset Recovery Law

Parliament has passed the Asset Recovery Proclamation with three votes against and four abstentions. The law grants the government extensive powers to trace, investigate, and confiscate assets obtaine...

Jan 4 , 2025

Tech Expo to Spotlight Digital Future, Emerging Technologies

An expo set on capitalizing on Business Process Outsourcing (BPO)—Future Tech Addis Expo 2025—is set to take place at Skylight Hotel in February. Organized by RCNDC Consultancy in partnership with...

Jan 4 , 2025

Ministry Leads New Climate Reporting System

The Ministry of Planning & Development launched an integrated system for measuring, reporting, and verifying greenhouse gas emissions, as well as monitoring and evaluating climate change implement...

Jan 4 , 2025

Haile Hospitality Expands with New Jimma Resort

Haile Resort Jimma, the tenth destination in the 15-year-old Haile Hospitality Group, was inaugurated last week at a cost of 1.7 billion Br, with financing sourced internally. Located 350km southwest...

Jan 4 , 2025

Reinsurer Navigates Headwinds, Grows Profit

Ethiopian Reinsurance registered an increase in profit after tax, reaching 391 million Br in financial year 2023/24, a 60pc jump of 146 million Br from the previous year. The company also saw a rise i...

Jan 4 , 2025

ZamZam Bank Charts Growth with Interest-Free Banking

ZamZam Bank closed the fiscal year with a net profit 110.3 million Br, an increase of 55.95 million Br or 103pc year-over-year. This followed income reaching 857.9 million Br, against expenses of 710...

Dec 29 , 2024

Digital Heights for Coop Bank, Profits Dip

The Cooperative Bank of Oromia (CBO) announced that a total transaction volume of 1.36 trillion Br was made through 489.5 million transactions on its digital platform, Coopay E-Birr. Fuel payment...

Dec 29 , 2024

AI-Powered, Sharia-compliant Digital Financing for MSMEs, Consumers Debuts

ZamZam Bank, in partnership with Kifiya Financial Technology, has launched a Sharia-compliant digital financing service, "Ansar Digital Financing". The service, which the Bank asserts is Ethiopia's fi...


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Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE