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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...

Sep 22 , 2024

Telecom giant to bridge rural digital divide

Ethio Telecom looks to offer over 250,000 discounted smartphones to low-income rural communities, looking to significantly narrow the digital divide. The giant parastatal has unveiled its ambitious 2...

Sep 14 , 2024

Global Climate Innovators Launch New Campaign

A global campaign featuring up to 50 diverse innovators and their tangible climate solutions across regions, industries, and communities was launched last week. Dubbed the Impact Makers, it is hop...

Columns

Commentaries | Jul 18,2026

Millions Looking for Work. Companies Cannot Find Many to Hire. A Paradox?

Pressed in Parliament on jobs and household incomes, Prime Minister Abiy Ahmed (PhD) offer...

Editorial | Jul 18 , 2026

EL NINO MEETS A REGION EMPTIED BY WAR

Weldu Yiheysh, a farmer in Shibta District of Enderta Wereda in the Southeast Zone, was st...

Featured | Jul 19 , 2026 . By GEBRU KAHSAY and WORKINEH DIRIBSA

A Sack of Cement, with the Chain No One Can See

In the Jemo area of Addis Abeba, Fikremariam Wondimu no longer trades cement so much as ga...

Agenda | Jul 19 , 2026 . By FITSUM TADESSE

Adverse Opinions Pile Up as Addis Abeba’s Budget Hits a Record

Bureaus, agencies and institutions under the Addis Abeba City Administration are sitting o...

Fortune News | Jul 19 , 2026 . By BEZAWIT HULUAGER