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May 31 , 2026

NBE Institutionalises Franco Valuta to Formalise Informal Trade

The National Bank of Ethiopia (NBE) has authorized a comprehensive legal framework for Franco Valuta imports, effective last week, to institutionalise a trade channel previously defined by regulatory...

May 31 , 2026

Billion-Dollar Bond Talks Hit a Wall

Negotiations between Ethiopia's Ministry of Finance and an Ad Hoc Committee of international bondholders over restructuring the country's one-billion-dollar Eurobond reached a deadlock on May 27, 202...

May 25 , 2026

MOENCO Introduces BYD Shark 6 as Hybrid Demand Gains Ground

Motor & Engineering Company of Ethiopia (MOENCO), the sole authorised dealer for BYD in Ethiopia, officially launched the BYD Shark 6, a plug-in hybrid electric vehicle (PHEV) pickup truck, at the...

May 23 , 2026

Ethiopia, Djibouti Explore New Petroleum, Gas Pipeline Network

Djibouti President Ismail Omar Guelleh held talks with Brook Taye, head of Ethiopian Investment Holdings (EIH), over planned cross-border energy infrastructure projects linking the two countries. D...

May 23 , 2026

Addis Abeba Relaxes Procurement Restrictions to Prevent Health Crisis

The Addis Abeba Finance Bureau has partially lifted its city-wide procurement freeze, exempting life-saving medical supplies from a fourth-quarter spending ban. The bureau had earlier imposed a swe...

May 23 , 2026

Lawmakers Warn Contractors Over Cost Overruns, Project Delays

The Standing Committee for Urban, Infrastructure & Transport Affairs of the parliament has urged stricter enforcement of timelines, budgets, and quality standards in public construction projects a...

May 23 , 2026

Ethiopia, Dubai Record Sharp Rise in Non-Oil Trade

Non-oil trade between Ethiopia and Dubai reached 22.3 billion UAE dirhams in 2025, marking a sharp year-on-year increase of 236.6pc. The figures were announced following a trade mission to Addis Ab...

May 23 , 2026

Trade Minister Links Export Growth to Economic Reform Drive

Trade & Regional Integration Minister Kassahun Gofe says export earnings have more than quadrupled over the past eight years, reaching 8.7 billion dollars in the first 10 months of the current fis...

May 23 , 2026

Prime Minister Inaugurates New Ceramic Factory in Mojo

Prime Minister Abiy Ahmed and senior officials have inaugurated the Grandeur Ceramic manufacturing plant in Mojo town, a new facility aimed at boosting domestic production of ceramic and porcelain til...

May 23 , 2026

Mining Sector Reports Strong Output, Investment Growth

The Amhara Regional State mining sector says mineral-based import substitute products worth over 246.1 million dollars were produced in the first nine months of the current fiscal year. Bureau spok...

May 17 , 2026

Land Bureau Collects Billions in Revenue, Penalties From Developers

The Addis Abeba Land Development & Administration Bureau has collected 13.1 billion Br in revenue over the past ten months from lease payments and related charges. Berhane Kebede, team leader f...

May 17 , 2026

Afar Drought Resilience Programme Receives German Finance

German's Economic Cooperation and Development ministry, through the Development Bank, has allocated 17 million euro to support a drought resilience project, with 15 million euro provided by the German...

May 17 , 2026

Ministry of Education, Huawei Introduce Offline AI Support System

The Ministry of Education has partnered with Huawei to launch a pilot AI teacher assistant system integrated directly into the national curriculum. Designed to provide instructional support, the initi...

May 17 , 2026

River Restoration Plan in Addis Abeba Receives Support

Ethiopia and Italy have signed a €5 million grant agreement to finance the Qebena Tributaries Riverside Development Project in Addis Abeba. Signed on May 14, 2026, the project will be implemented...

May 17 , 2026

Awash Bank Launches First Round of Seed Sector Grant Initiative

Awash Bank has disbursed over 137 million Br under its Guarantee to Grant (G2G) Facility, supporting 12 private seed companies to expand access to agricultural finance. The initiative, implemented...

May 17 , 2026

Chinese Renewable Energy Giant Secures Ethiopia Investment Licence

The Ethiopian Investment Commission (EIC) has issued an investment licence to China's Ming Yang Smart Energy Group, formalising a revised 14.17 billion dollar renewable energy project. The company...


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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