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Jun 22 , 2024

Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three ye...

Jun 22 , 2024

VAT Overhaul Targets Broader Revenue Base

The VAT-exempt items have been reduced following a directive signed by Finance Minister Ahmed Shide last week. The revised list now includes cereals, agricultural inputs, and capital goods. Notably, a...

Jun 22 , 2024

Addis Abeba Dictates Minimum Building-Road Setbacks

New regulations from the Addis Abeba City Cabinet dictate minimum distances buildings must be built from roadways. Buildings must be at least 10m from the main road edge while five meters and two metr...

Jun 22 , 2024

Petrol Company Plugs EV Charging Station

A pioneering fast electric car charging public station was inaugurated at TotalEnergies Airport Road (Bole Road) outlet last week. Sharla Abdulahi, director-general of the Ethiopian Petroleum &...

Jun 22 , 2024

Central Bank Revises Gold Premiums Amid Supply Chain Chaos

The National Bank of Ethiopia (NBE) has adjusted its gold procurement strategy in response to major supply chain disruptions over the past three years. Last week, the central bank introduced a tiered...

Jun 22 , 2024

Report Lauds Fund Remedy for Global Coffee Farmers

A global fund mechanism to finance over 25 million coffee farmers globally was proposed by the United Nations Industrial Development Organisation (UNIDO) and the International Coffee Organisation (ICO...

Jun 15 , 2024

Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Or...

Jun 15 , 2024

Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to...

Jun 15 , 2024

Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the...

Jun 15 , 2024

Authority Cracks Down on Tobacco Disposal

The proper collection, treatment, and disposal of tobacco product waste is put forth by regulators at the Ethiopian Food & Drug Authority (EFDA). Officials have taken a step to combat illicit toba...

Jun 15 , 2024

Fed Blocks Purpose Black's Bank Accounts

Ethiopian authorities have blocked the bank accounts of Purpose Black Ethiopia, including those held by its CEO, Fiseha Esehtu (PhD). This action comes amidst allegations of a "controversial transacti...

Jun 15 , 2024

Central Bank's Tough Love Targets Loan Risks, Cronyism

Regulators at the National Bank of Ethiopia (NBE) have rolled out a series of new directives targeting the banking industry, including the preemptive introduction of an "unlikely to pay" category to i...

Jun 15 , 2024

Agribusiness Wilts Under Weathering Hurdles

The agribusiness sector is struggling, with a cascade of conflict, infrastructure deficiencies, and input shortages that led to a decline in investment. The sector's share fell to a two-decade low bel...

Jun 11 , 2024

Court Blocks BGI Ethiopia's Assets Trying High Stake Lawsuits

Judges at the Federal First Instance Court issued an injunction last week, halting the sale of BGI Ethiopia's headquarters and the transfer of shares in Brasseries International Holding Limited (B.I.H...

Ethiopia's Third Shot at Peace Gets a $6.7m Boost

A 6.7 million dollars to finance the National Rehabilitation Commission (NRC)'s disarmament, demobilisation, and reintegration (DDR) program for nearly 370,000 ex-combatants, was pledged by the Japane...

Jun 11 , 2024

Digital Startups Seek Level Playing Field

Digital service providers gathered to discuss the complexities of the country's startup ecosystem last week. Weak legal frameworks and limited access to financing emerged as key challenges, despite th...


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A Cup of Juice, A Long Day, an Uncomfortable Realisation

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The Promise and Peril of AGI

Sunday with Eden | Jun 20,2026

Prevention Starts Years Before the First Diagnosis

Agenda | Jun 21,2026

For Consumers in Addis Abeba, Even Thrift Becomes Expensive

Editorial | Jun 20,2026

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


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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