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Jul 13 , 2024

CBE Shatters Profit Record at 25.6B BR

The state-owned Commercial Bank of Ethiopia (CBE) registered a record-breaking 25.6 billion Br in gross profits for the ended fiscal year, driven by aggressive cost-cutting measures. While CBE face...

Jul 13 , 2024

Ethio telecom Dominates Industry with Expanding Profits, Coverage

The state-owned teleco company netted 21.7 billion Br in the financial year, posting a 21.7pc jump in revenues to 93.7 billion Br from last financial year. While it has not enjoyed a monopoly since th...

Jul 13 , 2024

Fuel Prices Rise as Shortages Linger

Drivers will face higher costs at the pump after the Ministry of Trade & Regional Integration announced adjustments to fuel prices. The changes, effective last week, reflect rising global fuel pri...

Jul 13 , 2024

Bankers Association Re-elects Leadership Team for Second Term

Ethiopian Bankers Association (EBA) re-elected its leadership a fortnight ago, making Abie Sano, president of the Commercial Bank of Ethiopia (CBE), its president. Asfaw Alemu, president of Dashen Ban...

Jul 13 , 2024

Brewery Launches Livelihood Improvement Projects

Around 75,000 individuals in Addis Abeba City and Oromia Regional State will benefit from a 25 million Br skills training program aimed at economic empowerment. Heineken Ethiopia partnered with Mahber...

Jul 13 , 2024

Authority Delists over 250 CSOs for Failing to Report

Ethiopian Bar Association, Ethiopian Society for Consumer Protection and 253 other civil society organisations were dissolved last week for failing to submit their annual reports and re-register by th...

Jul 7 , 2024

E-Consultation Portal Launched to Boost Stakeholder Engagement

An e-consultation manual and portal designed to enhance stakeholder engagement in the drafting of laws before their final ratification stage was launched last week. Developed by the Business Enviro...

Jul 7 , 2024

Trade Ministry Changes Guard

Prime Minister Abiy Ahmed (PhD) made a series of appointments last week, assigning Kassahun Goffe (PhD) as the new Minister of Trade & Regional Integration. Kassahun, who previously served as the...

Jul 7 , 2024

Ahadu Bank Savours First Taste of Profits

Ahadu Bank registered a 175 million Br gross profits in the ended year, turning around its financial performance. The two-year-old Bank established with 503 million Br in paid-up capital mobilised fro...

Jul 7 , 2024

Ministry to Conduct Agricultural Census in Over Two Decades

A comprehensive national agricultural information project will be launched in early September 2024. The initiative aims to improve data collection and decision-making processes within the country's cr...

Jul 7 , 2024

MIDROC Gold Receives Safety Nod

MIDROC Gold, the largest industrial gold miner in Ethiopia, received certification from the Ethiopian Conformity Assessment Enterprise for its environmental protection and occupational safety standard...

Jun 30 , 2024

Feasibility Study Targets Sugar Estate Rebound

The Tana Beles Sugar Factory in Amhara Regional State edges closer to restarting operations following the completion of a second feasibility study by the Industrial Projects Services(IPS). It is one o...

Jun 30 , 2024

Ethio Tel Kicks Off Smart Campus Project

Ethio Telecom signed a strategic partnership agreement with Addis Abeba University for a project that allows digital grading, reporting, and smart learning capabilities at the Sidist Kilo Campus on Me...

Jun 30 , 2024

Boutique Mining Firm Commissions Processing Plant

Akobo Minerals, a Norway-based gold exploration and mining company, has completed the construction of its processing plant at its boutique mine in South Western Ethiopia. The company holds an explora...

Jun 30 , 2024

Half a Billion Birr Flood Management Project Onboards Contractors

Five local contractors have entered into a 515 million Br deal with the Ministry of Water & Energy for flood risk management projects in Oromia and Afar Regional States. Habib Hussein Construct...

Jun 30 , 2024

Power Supplier Looks to Consultants For Solar Project

Ethiopian Electric Power (EEP) is seeking consultants for a 10-month feasibility study on the Utility Scale Weranso Solar PV Project, including hydrology, geotechnical, seismic, and solar resource ass...


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The Budget Bill Asks the Most from Citizens with the Least Slack

When Parliament takes up the appropriation bill, federal legislators will receive a docume...

Editorial | Jun 20 , 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

For Consumers in Addis Abeba, Even Thrift Becomes Expensive

For Senayit Bekele, the day's rhythm begins at a vegetable stall. The lunchtime crowd spil...

Agenda | Jun 21 , 2026 . By BEZAWIT HULUAGER

AG MESERET MAKES AUDIT MISMATCH HARD TO DEFEND

Federal and regional authorities have spent months urging taxpayers to pay more into the t...

Fortune News | Jun 21 , 2026 . By NAHOM AYELE