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Mar 11 , 2024

Ministry Seeks to Revive Leather Industry

Limited access to finance, infrastructure, raw material shortages, market linkages and promotion were attributed as the long-standing issues plaguing the leather industry as Ethiopia aims to reignite...

Mar 11 , 2024

Abay Bank Unveils New Brand

Marking a significant milestone in its 14-year journey, Abay Bank recently unveiled a fresh brand identity with seven million Birr. Drawing inspiration from the Blue Nile River Falls, executives said...

Mar 11 , 2024

Authorities Eye Humanitarian Response

Several regional states face climate-induced shocks, ongoing conflicts, droughts and floods, prompting a critical discussion between the Ministry of Finance and UNICEF to provide humanitarian aid. Ahm...

Mar 11 , 2024

Ashgoda Wind Farm Blows Back to Life After Civil War Hiatus

Ashgoda Wind Power Station in Tigray Regional State has rekindled its turbines after a three-year lull, marking an addition to the country's renewable energy mix. Kahse Tsehay, the station head, attri...

Vertical Integration Offers Lifeline for Ethiopian Coffee

Challenges of successfully implementing vertical integration strategies prompted lively discussions from stakeholders in the coffee supply chain while championing the approach for boosting coffee expo...

Mar 11 , 2024

Maritime Authority Aims to Break State Monopoly for Dry Ports

A proposal that aims to establish a comprehensive framework for certifying private companies as dry port developers and operators was put forth by the Ethiopian Maritime Authority. It is a significant...

Mar 2 , 2024

DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the prog...

Mar 2 , 2024

Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with person...

Mar 2 , 2024

ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 1...

Mar 2 , 2024

Awash Bank Secures Exchange Stakes

In a historic financial development, Awash Bank secured a notable 70 million Br investment in the inaugural securities exchange last week. Awash's significant stake acquisition is the highest among co...

Mar 2 , 2024

Ministry Partners with Private Co. to Provide Improved Seeds

Nearly 4,000 farmers in the drought and conflict-affected areas of Amhara and Tigray regional states are set to get improved seeds as German chemical manufacturing giant BASF has joined forces with SN...

Feb 24 , 2024

Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) an...

Feb 24 , 2024

Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank En...

Feb 24 , 2024

Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has wel...

Feb 24 , 2024

Koysha Hydro Power Project Faces Financial Delay

A serious forex crunch and inadequate cement supply have pushed the completion of the Koysha Hydropower project back by several years. Abayneh Getnet, deputy head of the project, disclosed last week t...

Feb 24 , 2024

Google Pledges to Propel African Tech Startups

Google aims to enable one million startups in Africa to generate 100 billion dollars in revenue by 2033 and upscale 5,000 young Africans in computer science education starting this year. It also plans...

Columns

Commentaries | May 09,2026

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