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Apr 1 , 2024

Amhara Bank Leads Charge in Exchange Investment

Amhara Bank has emerged as a major player in the development of the stock exchange, acquiring a significant stake worth 90.6 million Br. This investment marks the largest holding among commercial bank...

Apr 1 , 2024

Distributors Accuse BGI of Violating Court Order

Around 14 distributors of the pioneering brewery BGI Ethiopia are locked in a legal battle with the company. The crux of the issue lies in a court injunction obtained by the distributors three months...

Apr 1 , 2024

Nib Bank Shareholders Approve Capital Increase

Nib Bank shareholders voted to raise the bank's paid-up capital to 20 billion Br, during their 20th emergency shareholders meeting held at Millenium Hall last week. Shisema Shewaneka, the newly ele...

Apr 1 , 2024

Lion Insurance Joins Exchange Investment Pool

Lion Insurance Company S.C. has joined the growing roster of investors in the Ethiopian Securities Exchange (ESX), marking a pivotal shift for the insurance industry. The company signed a deal to a...

Apr 1 , 2024

Ethiopia Unveils Digital Strategy Oversight Body

Prime Minister Abiy Ahmed (PhD) announced plans for the formation of a national council force to oversee the execution of the "Digital Ethiopia 2025" strategy during a recent event held at the Adewa M...

Apr 1 , 2024

Fed Opens Up Digital Fuel Payments Breaking the Dominance

A new application developed under Ethio telecom is set to allow fuel transactions through approved commercial banks, microfinance institutions, or payment service providers. It is expected to shake up...

Mar 23 , 2024

South Korea Funds Land Title Digitisation in Four Cities

Four cities are selected to benefit from cadaster mapping through drone technology and integrated land title registration through a 30 million dollar pilot project kicked off last week. Hawassa, Bahir...

Mar 23 , 2024

Ethio-China Partnership Eyes Belt & Road Projects

A consensus to intensify efforts on key projects of road infrastructure, railway development, and agriculture was reached with a high-level Chinese delegation last week. They convened to discuss new e...

Mar 23 , 2024

Insurers Join Ethiopia's Stock Market Push

Ethiopian Securities Exchange (ESX) is picking up steam with insurers jumping on board as founding shareholders. Zemen Insurance and United Insurance have invested 20 million Br and 30 million Br resp...

Mar 23 , 2024

Inaugural Rehab Commissioner Resigns

The initial commissioner of the National Rehabilitation Commission, Teshome Toga, resigned effective March 12, 2024, citing personal matters. A former Ambassador and once speaker of Parliament, Teshom...

Mar 23 , 2024

Pulses Exporters Team Up with Exchange to Boost Quality

A three-year strategic plan compiled by the newly elected board of Ethiopian Pulses, Oilseeds & Spices Processors-Exporters Association pledges to address hurdles faced by exporters in the interna...

Mar 23 , 2024

Auditors Target Harmonised Cross Continent Standards

A unified financial reporting framework and quality assurance review standards were discussed by auditors and accountants to create specific models for African countries and ensure consistency of audi...

Mar 23 , 2024

Bankers Association Urges Responsible Action

The Ethiopian Bankers' Association, representing 21 banks, expressed disappointment with the lighthearted social media commentary surrounding the recent internal system glitch in the Commercial Bank o...

Mar 16 , 2024

Ex-MetEC Chief Kinfe Dagnew Walks Out

After enduring a lengthy period of incarceration spanning five years and four months, Kinfe Dagnew (MG), the former director general of the Metals & Engineering Corporation (MetEC), was granted re...

Mar 16 , 2024

Parliament Approves Crucial Loan Agreements

Parliamentarians unanimously endorsed a series of loan agreements last week, aimed at advancing development across various sectors. Chief Whip Tesfaye Beljige highlighted the paramount importance o...

Mar 16 , 2024

Gadaa Bank Joins Forces with Commodity Exchange

Gadaa Bank joins the Ethiopian Commodity Exchange (ECX) payment system as the 23rd member. The president of Gadaa Bank, Wolde Bulto, and Mergia Bayisa, the deputy CEO of ECX, solidified the partnershi...


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Every Encounter with the State Should Not Become an Invoice


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Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE