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Apr 1 , 2024

Deloitte Receives First Capital Market License

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...

Authorties Pledge for Change as Climate Risks Surge

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...

Apr 1 , 2024

Amhara Bank Leads Charge in Exchange Investment

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...

Apr 1 , 2024

Distributors Accuse BGI of Violating Court Order

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...

Apr 1 , 2024

Nib Bank Shareholders Approve Capital Increase

Nib Bank shareholders voted to raise the bank's paid-up capital to 20 billion Br, during their 20th emergency shareholders meeting held at Millenium Hall last week. Shisema Shewaneka, the newly ele...

Apr 1 , 2024

Lion Insurance Joins Exchange Investment Pool

Lion Insurance Company S.C. has joined the growing roster of investors in the Ethiopian Securities Exchange (ESX), marking a pivotal shift for the insurance industry. The company signed a deal to a...

Apr 1 , 2024

Ethiopia Unveils Digital Strategy Oversight Body

Prime Minister Abiy Ahmed (PhD) announced plans for the formation of a national council force to oversee the execution of the "Digital Ethiopia 2025" strategy during a recent event held at the Adewa M...

Apr 1 , 2024

Fed Opens Up Digital Fuel Payments Breaking the Dominance

A new application developed under Ethio telecom is set to allow fuel transactions through approved commercial banks, microfinance institutions, or payment service providers. It is expected to shake up...

Mar 23 , 2024

South Korea Funds Land Title Digitisation in Four Cities

Four cities are selected to benefit from cadaster mapping through drone technology and integrated land title registration through a 30 million dollar pilot project kicked off last week. Hawassa, Bahir...

Mar 23 , 2024

Ethio-China Partnership Eyes Belt & Road Projects

A consensus to intensify efforts on key projects of road infrastructure, railway development, and agriculture was reached with a high-level Chinese delegation last week. They convened to discuss new e...

Mar 23 , 2024

Insurers Join Ethiopia's Stock Market Push

Ethiopian Securities Exchange (ESX) is picking up steam with insurers jumping on board as founding shareholders. Zemen Insurance and United Insurance have invested 20 million Br and 30 million Br resp...

Mar 23 , 2024

Inaugural Rehab Commissioner Resigns

The initial commissioner of the National Rehabilitation Commission, Teshome Toga, resigned effective March 12, 2024, citing personal matters. A former Ambassador and once speaker of Parliament, Teshom...

Mar 23 , 2024

Pulses Exporters Team Up with Exchange to Boost Quality

A three-year strategic plan compiled by the newly elected board of Ethiopian Pulses, Oilseeds & Spices Processors-Exporters Association pledges to address hurdles faced by exporters in the interna...

Mar 23 , 2024

Auditors Target Harmonised Cross Continent Standards

A unified financial reporting framework and quality assurance review standards were discussed by auditors and accountants to create specific models for African countries and ensure consistency of audi...

Mar 23 , 2024

Bankers Association Urges Responsible Action

The Ethiopian Bankers' Association, representing 21 banks, expressed disappointment with the lighthearted social media commentary surrounding the recent internal system glitch in the Commercial Bank o...

Mar 16 , 2024

Ex-MetEC Chief Kinfe Dagnew Walks Out

After enduring a lengthy period of incarceration spanning five years and four months, Kinfe Dagnew (MG), the former director general of the Metals & Engineering Corporation (MetEC), was granted re...


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Getachew Reda's return to the national stage was always going to stir attention. Once at t...

Editorial | Sep 20 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

After the Exam Shake-Up, a Generation Left Behind

Haimanot Yonas discovered her exam result at dawn last week, squinting at a flickering pho...

Agenda | Sep 21 , 2025 . By NAHOM AYELE

Eyob Steps into the Hot Seat with Reform on His Mind

Eyob Tekalegn (PhD) assumed the governorship of the National Bank of Ethiopia (NBE) last w...

Fortune News | Sep 21 , 2025