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Aug 4 , 2024

IMF Greenlights $3.4b Facility for Ethiopia

The International Monetary Fund (IMF) has approved a groundbreaking four-year arrangement, granting the country 2.55 billion in special drawing rights (SDR), roughly 3.4 billion dollars, under the Ext...

Jul 28 , 2024

Ethiopia Launches Ambitious Coding Initiative

An initiative to provide fundamental digital skills in programming, Android development, data science, and artificial intelligence to the youth was launched last week. The federal government has partn...

Jul 28 , 2024

Messebo Cement Eyes Recovery After Feasibility Study

Messebo Cement, one of the largest cement producers, is poised for an operational recovery following the completion of a feasibility study by Industrial Projects Services (IPS). The factory, which res...

Jul 28 , 2024

Logistics Giant Posts 8.9b Br Profit Amidst Global Turmoil

In the face of conflicts and global uncertainties, the state-owned logistics giant Ethiopian Shipping & Logistics has ended the year with 8.89 billion Br gross profit. It has garnered 57 billion B...

Wegagen Bank Launches Digital Lending Platform

A digital lending platform for micro, small, and medium enterprises (MSMEs) was launched by Wegagen Bank last week. Dubbed Efoyta, the application is put forth in partnership with Kifiya Financial Tec...

Ethiopian Faces Suspension After Eritrea Cites Service Issues

Ethiopian Airlines has confirmed its flight suspension to Eritrea within the next two months. This follows a statement from the Eritrean Civil Aviation Authority issued last week, suspending Ethiopian...

Jul 28 , 2024

Awash Bank Posts Record Profit, Deposits Surge

Awash Bank has posted impressive financial results for the year, solidifying its position as a major player in the banking industry. With gross profit surging to 11.6 billion Br, Bank President Tsehay...

Jul 28 , 2024

Parliament Declares National Mourning for Landslide Victims in Gofa Zone

Parliament has declared a three-day national mourning period to honour the memory of hundreds who lost their lives in a catastrophic landslide in Gofa Zone, Southern Ethiopia Regional State. The tr...

Jul 21 , 2024

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the tota...

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and...

Jul 21 , 2024

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 bill...

Jul 21 , 2024

Farmers Embark on New Digital Platforms

New platforms were launched to connect smallholder farmers with potential buyers and improve the distribution of agricultural inputs, ensuring efficient and transparent delivery of fertilisers, improv...

Jul 21 , 2024

Ethiopia Attracts $3.8b Foreign Investment Despite Export Setbacks

Ethiopian Investment Commission (EIC) secured a substantial increase in foreign direct investment (FDI) during the ended fiscal year, amidst declining export earnings from industrial parks. Commiss...

Jul 21 , 2024

Ethiopia, UAE Sign Currency Swap Deal

An agreement that allows the exchange of loans and interest payments between Birr and Dirham, Emirates' national currency, has been signed between the National Bank of Ethiopia (NBE) and the Central B...

Jul 21 , 2024

Ethiopian Chamber Makes Comeback with New Leadership

Ethiopian Chamber of Commerce & Sectoral Associations' (ECCSA) long-awaited general assembly elected Sebsib Abafira from the Oromia Chamber and Aynalem Abayneh (PhD), a former board member from th...

Jul 13 , 2024

Ethiopia's Central Bank Dips a Toe in the Open Market Waters

In a historic move to manage liquidity within the banking system, the National Bank of Ethiopia (NBE) held its first-ever open market operation (OMO) on July 11, 2024. The auction drew notable interes...

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

Radar

IMF Greenlights $3.4b Facility for Ethiopia

Ethiopia Launches Ambitious Coding Initiative

Messebo Cement Eyes Recovery After Feasibility Study

Logistics Giant Posts 8.9b Br Profit Amidst Global Turmoil

Wegagen Bank Launches Digital Lending Platform

Ethiopian Faces Suspension After Eritrea Cites Service Issues

Awash Bank Posts Record Profit, Deposits Surge

Parliament Declares National Mourning for Landslide Victims in Gofa Zone