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Nov 16 , 2024

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. Th...

Nov 16 , 2024

New Solar Power Plant Lights up in Somali Region

Ethiopian Electric Utility inaugurated a solar power plant in the town of Beqolmayo, Somali Regional State. The plant can generate 2.5 MW of electricity, enough to power 43,542 residents. The project...

Nov 16 , 2024

Telco Introduces Sheger Smart Parking System

Ethio Telecom has implemented a modern smart parking system in Sheger city, aiming to enhance urban mobility and efficiency. The smart parking system, launched in collaboration with the Oromia Regiona...

Nov 16 , 2024

Customs Revises EV Import Tariffs

The Ethiopian Customs Commission (ECC) has implemented revised import taxes to bolster domestic businesses and decrease reliance on imported products. Imported electric vehicles (EVs) now face higher...

Nov 16 , 2024

EthSwitch Registers High Profits, Battles the Tax Disputes

The national switch operator has reported 1.06 billion Br in gross profit, a growth of 97pc from last year with earnings per share climbing to 73.7pc. Executives of EthSwitch, an industry-wide payment...

Nov 9 , 2024

Parliament Nods Loan Agreement with South Sudan

In a parliamentary session last week, MPs approved a 738-million-dollar loan agreement with South Sudan. The federal body ratified the proposed bill which looks to establish road infrastructure linkin...

Nov 9 , 2024

AfCFTA Strides, National Implementations Fall Behind

The 15th Council of Ministers Meeting of the African Continental Free Trade Area (AfCFTA) convened in Addis Abeba last week, bringing together stakeholders to discuss boosting trade integration and su...

Nov 9 , 2024

MOENCO Moves to Control BYD Ethiopia Presence

MOENCO, a subsidiary of Inchcape Plc, has partnered with BYD to become the official distributor of the latter's electric and hybrid vehicles in Ethiopia. This is Inchcape's third partnership with BYD...

Nov 9 , 2024

Textile and Leather Fashion Convene at ASFW

The 10th annual Africa Sourcing and Fashion Week (ASFW) opened its doors last week at the Skylight Hotel on Africa Avenue, bringing together textile, fashion, and leather industries from across the co...

Nov 9 , 2024

Tulu Kapi Gold Project Opens Investment to Ethiopian Nationals

KEFI Gold and Copper PLC, a UK-listed exploration and development company, announced it has secured 470 million dollars of the 500 million dollars required to finance its Tulu Kapi Gold Project, appro...

Nov 9 , 2024

Hibret Insurance Celebrates 30 Years with Soaring Profits

Hibret Insurance reported a gross written premium of 1.96 billion Br for the fiscal year, a 23.72pc increase from the previous period. Established in 1994 and celebrating 30 years of operations, the i...

Nov 3 , 2024

Parliament Nods for Cabinet Appointments

Federal legislators have approved five cabinet-level positions last week with a member of Parliament (MP) voted against and two abstentions were counted. Gedion Timotheos (PhD) leads the charge as...

Abyssinia Group Eyes Expansion with IFC Funding

Abyssinia Group of Industries (AGI), a leading East African steel producer, is poised for significant expansion owing to a proposed investment from the International Finance Corporation (IFC) which is...

Nov 3 , 2024

Fitch Acknowledges Easing Financial Pressures, Enhanced Macroeconomic Stability

Fitch Ratings has upgraded Ethiopia's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) to 'CCC+' from 'CCC-', citing easing financing pressures, improved macroeconomic stability, and increase...

Nov 3 , 2024

German Boost for Agriculture, Small Business Growth

Ethiopia and Germany have signed grant agreements totaling approximately 33 million dollars to support two initiatives: "Increasing Productivity through Innovation in Agriculture II" and "Promotion of...

Nov 3 , 2024

Housing Corp Invests in Local Manufacturing to Combat Construction Costs

Federal Housing Corporation (FHC) has launched a one billion Birr construction materials manufacturing factory on a four-hectare plot in the capital. The Corporation teamed up with Addis Abeba Univ...

Columns

Commentaries | Jul 04,2026

The New Gold Standard Comes with a Warning Label

In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-payments...

Editorial | Jul 4 , 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

A City Between the Market and the Rules

July has arrived with the heaviest rains of the winter, dark clouds and mist blanketing Ad...

Agenda | Jul 4 , 2026 . By NAHOM AYELE and FITSUM TADESSE

Prime Minister Concedes Health Sector Remains Underprovided

The health sector remains underprovided despite rising public spending, Prime Minister Abi...

Fortune News | Jul 7 , 2026