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Sep 14 , 2024

Finance Ministry Receives $10.3m for Ex-Combatant Reintegration

The national demobilisation and reintegration program has garnered nearly 10.3 million dollars from Canada. The funding is expected to aid in the demobilisation of over 371,971 ex-combatants and their...

Sep 14 , 2024

Ministry Announces Dismal National Exam Results

Ministry of Education has released the results of this year's 12th-grade national exam, revealing a marginal improvement in student performance. Still, only 5.4pc of the 674,823 students who took the...

Sep 8 , 2024

Fitch Downgrades Lemmi National Cement Investor

Fitch Ratings has lowered West China Cement Limited's (WCC) credit rating due to concerns over its financial health and operating environment in Ethiopia. The company's Long-Term Issuer Default Rating...

Ethiopia Seals Currency Swap Deal with China

Ethiopia and China have agreed to use their respective currencies for bilateral trade, a move aimed at enhancing economic cooperation and addressing foreign exchange challenges. The announcement wa...

Sep 8 , 2024

USAID Launches National Youth SACCOs

The United States Agency for International Development (USAID) Integrated Youth Activity (IYA), Kefeta, has reached a milestone in its youth empowerment efforts. The Amref Health Africa-led project ha...

Sep 8 , 2024

Dashen Bank, Mastercard Launch Online Payment System

Dashen Bank, in partnership with Eagle-Lion System Technology and Mastercard, has introduced a new online payment service called "GetFee - Pay By Link". This service allows customers to make secure an...

Sep 8 , 2024

TradeMarkAfrica Appoints Hailemariam Desalegn as Board Chair

TradeMarkAfrica (TMA) has announced the appointment of Hailemariam Desalegn, former Prime Minister of Ethiopia, as its new Board Chair. Hailemariam will lead TMA as it focuses on increasing African ex...

Sep 8 , 2024

Investors Urge IPDC Reconsider Increased Lease Rates

Investors in industrial parks are faced with increased lease rates for factory sheds overnight after the exchange rate floatation caused the Birr's value to plunge to less than half its value within d...

Sep 8 , 2024

New Year Ushers Electric Tariff Raise

A new electric tariff structure is implemented nationwide aimed at improving the financial health of the Ethiopian Electric Utility (EEU). This move is part of broader energy reforms to enhance infras...

Sep 3 , 2024

Adama-Awash Expressway Construction to Relocate Hundreds of Households

Hundreds of households and thousands of hectares of farmland are poised for relocation for the construction of the Adama-Awash Expressway, with total estimated budget for compensation and related cost...

Sep 1 , 2024

INSA Unveils New Data Center to Bolster Cybersecurity

The Information Network Security Agency (INSA) has introduced a new data centre that will provide digital certificates for national institutions and private companies, ensuring data confidentiality, i...

Sep 1 , 2024

Midroc Gold Expands with Million Dollar Machine Investment

Midroc Gold, a leading company in gold mining industry, has upgraded its operations with the acquisition of new heavy mining equipment, valued at over 1.5 million dollars. The delivery of two Komatsu...

Sep 1 , 2024

Ministry Urges Businesses Prioritise Quality

The crucial role of exceeding consumer expectations through high-quality production in reducing import reliance and enhancing exported goods was underlined at a recent panel discussion at the Ministry...

Sep 1 , 2024

Fed to Receive $15M Lifeline for Urgent Humanitarian Relief

The United Nations has allocated 15 million dollars to Ethiopia from its Central Emergency Response Fund (CERF) for urgent relief to millions facing hunger, displacement, disease outbreaks, and climat...

Aug 25 , 2024

Zemen Bank Expands Reach with Dutch Businesses Partnership

Zemen Bank expands its network with over 75 Dutch businesses operating in Ethiopia, signing an associate membership agreement with their lobby group last week. According to Asrat Tadesse, from Zeme...

Aug 25 , 2024

Wegagen Bank Unveils Global Prepaid Visa Card

Customers of Wegagen Bank are set to make cashless payments globally at ATMs and point-of-sale (POS) terminals, as the Bank introduces an international prepaid Visa card. Yared Endale, country mana...

Columns

Commentaries | Jun 13,2026

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