Feb 17 , 2024
Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel sub...
Siinqee Bank has taken a significant step towards the realisation of the inaugural securities exchange by making a 50 million Br equity investment in the Ethiopian Securities Exchange (ESX). The agree...
One of Ethiopia's leading private financial institutions Awash Bank has joined forces with the US-based technology giant Mastercard to unveil a virtual pre-paid international card. Dubbed "Awash Pre-p...
Calling for a shift away from aid dependency, Prime Minister Abiy Ahmed (PhD) addressed Africa's progress and challenges, emphasising the impact of geopolitical dynamics, economic hurdles, climate cha...
Feb 10 , 2024
A 70 million-dollar project to fight against malnutrition in Ethiopia was launched by the US Agency for International Development (USAID) last week. Dubbed "Feed the Future", the project will be im...
Ethiopian Petroleum Supply Enterprise(EPSE) and Nile Petroleum Corporation signed a Memorandum of Understanding to resume the supply of Liquefied Petroleum Gas(LPG) at the Hilton Hotel on Menelik II A...
Unmet energy demand prompted discussion on the necessary structural and regulatory reforms for improved access between the World Bank and representatives of the Ethiopian government last week. Mini...
Modalities to minimize the impact of the European Union Deforestation Regulation(EUDR) on smallholder coffee farms were discussed by senior government officials and EU representatives representatives...
The Authority for Civil Society Organizations (ACSO) dissolved 477 civil society organizations last week for failing to report for over two years. Despite successive appeals by the Authority, the o...
Feb 3 , 2024
The electric distribution grid in war-devasted Tigray Regional State is receiving a 1.7 billion Br renovation by the Ethiopian Electric Utility. Slated for completion after six months, the project...
A 28-million-dollar project to advance the textile and garments industry was signed between the Ministry of Finance and the United Nations Industrial Development Organisation (UNIDO) last week. The pr...
The Addis Abeba Housing Development Corporation opened an auction to the public for the purchase of 3,452 housing units and 306 shops last week. Revenues from the sale will be used to finance the c...
The National Bank of Ethiopia began discussions with stakeholders last week on the pending implementation of a national Quick Response(QR) code standard for digital payment transactions. Chaired by...
Jan 27 , 2024
In a bid to garner support from the private sector for the disarmament, demobilisation and reintegration (DDR) project, the National Rehabilitation Commission (NRC) partnered with the Addis Abeba Cham...
A 10 million euro loan and two million euro grant to finance a skill park for fashion and design in Addis Abeba and an enterprise incubator hub in Jimma town, Oromia Regional State was lauched. Financ...
In a bid to address the pervasive skill and labour mismatch, the Ethiopian Chamber of Commerce & Sectorial Association organised a national public-private dialogue forum last week, focusing on imp...
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