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Oct 27 , 2024

Zeleke Temesgen Assumes EIC Commissioner Role

Zeleke Temesgen (PhD) has been appointed as the new commissioner of the Ethiopian Investment Commission (EIC) after previously serving as deputy commissioner. His predecessor, Hanna Arayaselassie, who...

Oct 27 , 2024

New Duty-Free Store Opens at Skylight Hotel

Country Trading PLC announced the opening of its second duty-free store, dubbed 'Millennium Duty Free', located inside Skylight Hotel last week. The store will also cater to the city's diplomatic corp...

Oct 20 , 2024

Warehouse Receipt Financing Secures 117 million Br Loans in 3 Months

The Ethiopian Commodity Exchange announced that 117 million Br in loans were accessed through warehouse receipt financing in the past three months. Since last year ECX has facilitated warehouse rec...

Oct 20 , 2024

Berhan Bank's Profit Jump, Foreign Exchange Revenues Slide

Berhan Bank has reported a noteworthy 103.4pc increase in net profits, reaching 1.18 billion Br. It was accompanied by a 20.8pc return on equity and a 124pc surge in earnings per share (EPS), which cl...

Oct 20 , 2024

Dashen Bank Profits Surge Amid Economic Headwinds

Shareholders of Dashen Bank left their annual general assembly content, as their Bank netted 4.9 billion Br. Despite a two percent decline in earnings per share, now at 433 Br, the profit increased by...

Oct 19 , 2024

Zemen Bank's Profit Soars, Deposits Reach New High

Executives of Zemen Bank have announced a record-high profit for the ended fiscal year. The Bank netted 2.39 billion Br, a 32pc jump from the previous year, fueled by increased deposits and a strong p...

Oct 19 , 2024

Solar Cell Production Set for Hawassa

The Tokyo-based solar solutions company, Toyo Solar, has announced plans to set up a solar cell manufacturing facility in Hawassa Industrial Park (HIP) with an expected annual capacity of two gigawatt...

Oct 19 , 2024

Tripartite Partnership Comes Live to Boost Regional Capital Markets

A partnership that promotes cross-border investments, knowledge exchange, and capacity building was formed between the securities exchanges of Ethiopia and Kenya last week. Ethiopian Securities Exc...

Oct 12 , 2024

Ethiopia Gears Up to Host Global Logistics Leaders in 2027

Logistics professionals are gearing up to discuss industry developments and strengthen international ties, as Ethiopia hosts the 64th World Congress of the International Federation of Freight Forwarde...

Oct 12 , 2024

Civil Registration Agency Set to Roll Out FAYDA ID Registration Across Addis Abeba

The Civil Registration & Residency Service Agency (CRRSA) will lead the registration of the FAYDA digital ID system across Addis Ababa, covering 119 woredas, 11 districts, and the Agency's two bra...

Oct 12 , 2024

Digital Platform Aims to Bridge Financing Gap for MSMEs

To bridge the financing gap in micro, small, and medium enterprises (MSMEs), Ahadu Bank has launched an uncollateralised digital lending platform. Dubbed 'Mahder,' the new system enables credit regist...

Oct 12 , 2024

Six Year Health Financing Program Draws Down

The United States Agency for International Development (USAID) has concluded its six-year Health Financing Improvement Program (HFIP) in Ethiopia aimed at expanding health insurance coverage and impro...

Oct 12 , 2024

Second Phase Corridor Development Commences

Mayor Adanech Abiebie revealed that the second phase of Addis Ababa's corridor development will encompass 132 kilometers and cover 2,817 hectares. The city administration has earmarked five billion bi...

Oct 12 , 2024

RIDE Increases Service Fees Amid Strategic Changes

RIDE, a leading ride-hailing service provider, has announced an increase in its baseline service fee from 100 to 130 Br, effective October 7, 2024. The decision comes as part of a strategic plan to im...

Oct 12 , 2024

UK, Germany Roll Out $9m to Boost Textile Industry

A 9-million-dollar funding initiative spanning the next three years was rolled out by the UK and German governments to improve economic development and trade in Ethiopia's textiles and garments sector...

Oct 5 , 2024

Newly-opened Trade Sectors Attract 21 Investment Applications

The Ethiopian Investment Commission has received 21 applications for investment licenses from foreign investors looking to tap into newly opened retail and export sectors. The Ethiopian Investment Boa...


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital

The recent policy decision to fully open freight forwarding to foreign capital may become...

Editorial | Jun 13 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

THE PRICE OF MISTRUSTING THE TAP

Bottled water, once a symbol of convenience and safety for most residents, has become a sm...

Agenda | Jun 14 , 2026 . By HELINA HADGU

Parliament Receives Biggest Budget Bill, Debt Already First in Line

Finance Minister Ahmed Shide walked into Parliament on Thursday, June 11, 2026, with the l...

Fortune News | Jun 14 , 2026 . By NAHOM AYELE