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Oct 5 , 2024

Backing Coffee with Tourism

On October 1, International Coffee Day was celebrated with a landmark event: the first Ethiopian Coffee Tasting Competition, judged by Samuel Demisse, founder of Keffa Coffee from the United States. W...

Oct 6 , 2024

Nib Banks Short-Lived CEO Finds a New Home at DBE

Finance Minister Ahmed Shide appointed Emebet Melese (PhD), who helmed as president of Nib Bank in May this year, to lead the Development Bank of Ethiopia (NBE), effective October 11, 2024. She has...

Oct 6 , 2024

Central Bank Grants Forex Bureau Permits to Five Non-Bank Operators

The National Bank of Ethiopia (NBE) has granted licenses to five private non-bank entities to operate in the foreign exchange market, in a groundbreaking move to liberalise a tightly regulated forex r...

Sep 29 , 2024

Premier Inaugurates Lemi National Cement Factory

Prime Minister Abiy Ahmed (PhD) inaugurated the slated-to-be largest cement factory in the nation, Lemi National Cement, marking a significant milestone in the industry. With a daily production cap...

Sep 29 , 2024

IMF to Unlock $345m in Loans, Concluding Ethiopia Deals First Review

Alvaro Piris, chief of the International Monetary Fund's (IMF) staff team, struck a bullish tone completing a two-week visit to Addis Abeba — an optimistic shift from his language of despair over th...

Sep 29 , 2024

Ministry Upgrades Public Transport Terminal

Ministry of Transport and Logistics is undertaking an upgrade to the public transport terminal at the Asco Public Transport Terminal, one of the terminals in Addis Abeba city. The works include paving...

Sep 29 , 2024

Ethiopian Airlines to Expand Italy Flights

Ethiopian Airlines CEO Mesfin Tasew announced plans to enhance connectivity between Addis Abeba and Rome and Milan by increasing the number of weekly flights between the two nations from 14 to 20. ...

Sep 29 , 2024

Premier Switch Solutions Targets Expanded Clientele

Premier Switch Solutions (PSS) is currently negotiating with more than ten commercial Banks to provide its services beyond its shareholders. The company has extended its strategic partnership with the...

Sep 29 , 2024

$2.7 Million Digital Boost for Youth

Safaricom Ethiopia partnered with Vodafone Foundation, United States Agency for International Development (USAID) and Amref Health Africa to support the Kefeta (USAID Integrated Youth Activity) Projec...

Sep 29 , 2024

Centre Looks to Enhance Ethio-China Trade, Investment

In a bid to enhance trade and investment between China and Ethiopia, the first Africa-China Investment and Trade Facility (ACTIF) center has been inaugurated last week at Hyatt Regency Hotel, with hop...

Melika Bedri Replaces Melaku Kebede at EthSwitch Board of Directors

ZamZam Bank' president is elected Vice Chair of the Board of Directors for the national switch, replacing the former United Bank president. This was announced in a special program organized by EthSwit...

Sep 22 , 2024

CBE, Visa Join Hands

The agreement between Visa International and the Commercial Bank of Ethiopia will last for five years and will include capacity building training for the bank's staff. The strategic agreement is cruci...

Sep 22 , 2024

Ethio Telecom Signs Strategic Partnership

The giant telecom company signed a strategic partnership agreement with the Chinese company which includes the provision of foreign currency to import and develop new technologies. The agreement was s...

Sep 22 , 2024

Lion International Bank Ready for Liberalized Market

Lion International Bank held a ceremony last week at Skylight Hotel on Africa Avenue to recognize and appreciate its longstanding customers who have played a pivotal role in mobilizing foreign exchang...

Sep 22 , 2024

IGAD Unveils Master Plan for Sustainable Tourism Development

The Intergovernmental Authority on Development (IGAD) launched a ten-year master plan to unify and strengthen tourism development efforts across its member countries. The plan was unveiled at a ceremo...

Sep 22 , 2024

World Bank Approves $90m For Horn Corridor Development

The World Bank has approved 90 million dollars in additional financing for the Addis Abeba to Djibouti road corridor development project, part of a broader initiative for regional integration in the H...


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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