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Sep 14 , 2025

Italy, Ethiopia Agree on Railway Modernisation Partnership

The Ethiopian Railways Corporation (ERC) and COIPA Italia S.p.A. have signed a Strategic Cooperation Framework Agreement to modernise Ethiopia's railway network and advance sustainable transport. The...

Sep 14 , 2025

Ministry Suspends VAT on Essential Medicines Temporarily

The Ministry of Finance (MoF) announced the suspension of value-added tax on certain over-the-counter medicines sold by pharmacies until a legal amendment is finalised. The move follows a request from...

Sep 14 , 2025

Equity Bank Moves to Enter Ethiopias Financial Sector

Kenya's Equity Bank has signaled interest in joining Ethiopia's financial sector as the market opens to foreign players. Founded in 1984, the lender has grown into one of East Africa's largest banks,...

Sep 14 , 2025

Supreme Court Issues Directive on Case Execution Procedures

The Federal Supreme Court has issued a directive to regulate and standardise the work of its Execution Department, setting a framework for how final judgments and court orders are enforced across fede...

Sep 7 , 2025

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and servi...

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-bal...

Sep 7 , 2025

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout incl...

Sep 7 , 2025

Urban Investments Fuel Employment, World Bank

The Urban Institutional & Infrastructure Development Program (UIIDP) created over 1.15 million jobs between 2018 and 2024, the World Bank reported. The program supported 117 cities with infrastruc...

Sep 7 , 2025

Abay Bank Partners with Visa to Expand Digital Reach

Abay Bank marked its 15th anniversary with a strategic deal with Visa to accelerate digital payments. The partnership introduces prepaid cards, ATMs, and PoS services, planning to reduce cash dependen...

Sep 7 , 2025

Fintech Milkii Lifts Borrowing Beyond Collateral

Milkii, a digital lending platform rolled out by Oromia Bank with Quantum Technology, has stormed into the fintech scene with over 60,000 users and 140 million Br disbursed in just three months no col...

Sep 7 , 2025

Freight Operators Win Eased Certification Requirements in Policy Shift

The Ministry of Transport & Logistics has relaxed long-contested rules governing freight transport competence certification. State Minister Denge Boru said the revisions came after repeated consul...

Sep 7 , 2025

CBE Launches Diaspora Money Transfer Service

The Commercial Bank of Ethiopia (CBE) has received regulatory approval to operate as an international money transfer agent through licensed intermediaries. The web-based service allows Ethiopians abro...

Aug 30 , 2025

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

Ethiopian Investment Holdings (EIH), the state's sovereign investment arm, has struck a deal with Dangote Group to build one of the world's largest urea fertiliser complexes in Gode, Somali Regional S...

Aug 30 , 2025

CBE Capital Joins Nib Bank for Market Expansion

Nib International Bank has partnered with CBE Capital, the investment arm of the Commercial Bank of Ethiopia (CBE), to expand investment banking services and shore up its finances. The deal covers adv...

Aug 30 , 2025

Credit Cap Nears Lift-Off

The National Bank of Ethiopia (NBE) is preparing to lift its long-standing credit cap by September, unlocking 1.3 trillion Br in bank lending. The move, flagged by board member and State Minister of F...

Aug 30 , 2025

Dire Dawa Launches Cheche App, Unifying City Services

A new application named Cheche was launched in Dire Dawa this week, integrating 30 public institutions and offering over 500 services. The app was launched in the presence of officials from the Minist...


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Luxury of the Ordinary

Agenda | Oct 18,2025

Traders Count the Cost as Officials Sweep Through Mercato

Editorial | Oct 18,2025

Official Narratives Preach Recovery. People Don't Feel It


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Official Narratives Preach Recovery. People Don't Feel It

The political establishment, notably the ruling party and its top brass, has become preocc...

Editorial | Oct 18 , 2025

TRADITION THRIVES AS COSTS CLIMB

As dawn broke over Addis Abeba last week, the city's arteries pulsed not with the usual we...

Featured | Oct 5 , 2025 . By REDIET YARED

Traders Count the Cost as Officials Sweep Through Mercato

Last Tuesday, long before dawn, Mercato was awake but not to haggle. Around Mierab Hotel,...

Agenda | Oct 18 , 2025 . By YITBAREK GETACHEW

Addis Abeba Raises Health Insurance Fees as Fiscal Pressures Mount

In a sweeping reform that upends nearly a decade of uniform health insurance contributions...

Fortune News | Oct 18 , 2025 . By NAHOM AYELE