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Mar 16 , 2025

Capital Market Authority Extends Public Company Registration Deadline, Warns Against Unlicensed Investment Bank

Ethiopian Capital Market Authority (ECMA) has granted a final one-month extension for publicly held companies to register, setting the new deadline for April 9, 2025. The extension applies specificall...

Mar 16 , 2025

State Corps Post Growth Eyeing Innovation, Market Expansion

The Ethiopian Insurance Corporation (EIC) generated 9.34 billion Br in written gross premiums, marking a considerable 51.7pc increase compared to the same period last year. The Corporation's profit re...

Mar 16 , 2025

Ethiopian Airlines, AfDB Forge Partnership for Bishoftu International Airport Project

The Ethiopian Airlines Group has signed a letter of intent with the African Development Bank (AfDB) to launch a partnership for the ambitious Bishoftu International Airport Project. Mesfin Tasew, CEO...

Mar 16 , 2025

Parliament Approves New Accounting Institute

The critical shortage of certified actuaries and valuators is expected to be addressed as Parliament approves establishment of Ethiopian Institute of Certified Public Accountants last week. The Instit...

Mar 16 , 2025

Cholera Outbreak Escalates in Western Ethiopia Amid South Sudan Refugee Crisis

Doctors Without Borders (MSF) reports a rapidly spreading cholera outbreak in western Ethiopia, with 31 deaths in Gambella Regional State within the past month. Since the outbreak began in February, o...

Mar 16 , 2025

Central Bank, Securities Exchange Partner on Interbank Market

National Bank of Ethiopia (NBE) and Ethiopian Securities Exchange (ESX) join forces to improve the operation and governance of a transparent interbank money market, using the Exchange's trading platfo...

Mar 16 , 2025

Somali, Amhara Regional States Receive Major Water Project Boost

Over 650 million Br is being invested in crucial drinking water projects across the Somali and Amhara regional states, with initiatives launched to improve access to clean water for thousands of resid...

Mar 9 , 2025

Central Bank, Global Alliance Partner to Enhance Sustainable

The National Bank of Ethiopia (NBE) recently hosted a high-level meeting with representatives from the Global Alliance for Banking on Values (GABV) and selected member banks in anticipation of the 17t...

Mar 9 , 2025

Commercial Bank of Ethiopia Adjusts Loan Interest Rates Amid Market Reforms

Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025. Bank executives cited rising deposit mobilisation costs and the need to align with mark...

Mar 9 , 2025

Chemical Corp Posts Substantial Revenue, Profit Growth in 1Q

The state-owned Chemical Industry Corporation recorded a revenue of 2.53 billion Br in the first half of the 2024/2025 financial year. The Corporation reported a profit before tax of over half a billi...

Mar 9 , 2025

Ministry Lauds Transporting Large Fertiliser Shipments

Over 700,763tns of fertiliser have arrived at the ports of Djibouti, according to the Ministry of Transport & Logistics. Officials have confirmed that more than 90pc of this shipment has already b...

Mar 9 , 2025

DBE Generates 7.42 Billion Birr in Revenue; Faces Challenges with Non-Performing Loans Mid-Year

Ethiopian Investment Holdings (EIH) conducted a half year performance review with the Development Bank of Ethiopia (DBE) to assess its accomplishments for the 2024/2025 fiscal year. EIH announces that...

Mar 9 , 2025

Ethiopia and Korea railway Sign MOU to Improve Ethiopian Railway service

The Ethiopian Railways Corporation (ERC) and Korea Railroad Corporation (KORAIL) have signed a Memorandum of Understanding (MOU) to advance railway development, technical exchange, and infrastructure...

Mar 9 , 2025

Shipping Co. Allocates Over Half Billion Birr for Qaliti Port Development

The Ethiopian Shipping & Logistics Services (ESLS) has allocated a budget of 510 million Br for the design and construction of internal roads and the container terminal at Qaliti Port. The company...

Mar 3 , 2025

Central Bank's Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held last week, offering 60 million dollars. Close to 27 banks made their bid where the weighted average was 135.61 Br fo...

Mar 2 , 2025

Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are availab...


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Policymakers Trudge Down a Path of Punitive Taxation

Benjamin Franklin famously quipped that “nothing is certain but death and taxes.” Yet...

Editorial | Apr 26 , 2025

From Cassette, CD Dreams to Cloud Streams

Key Takeaways Kuku Sebsibie's transition to digital singles represents a shift in the...

Featured | Apr 19 , 2025 . By BEZAWIT HULUAGER

In the Shadows of Renewal, a Generation Struggles to Find Its Place

Takeaways: Hana Melaku's story demonstrates the personal turmoil within the broad...

Agenda | Apr 27 , 2025 . By BEZAWIT HULUAGER

Bound by Duty, Lawyers Fight for Fair Pay in Free Legal Aid Battle

Key Takeaways: The Ministry of Justice's directive plans to enforce pro bono work amo...

Fortune News | Apr 28 , 2025 . By NAHOM AYELE