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Amhara Bank Director Warrants Steady Momentum

Amhara Bank's second general assembly kicked off with Board Chairman Melaku Fanta reassuring shareholders that the Bank is financially on a strong footing while issues raised against board directors w...

Jan 1 , 2024

Nib Bank Flaps its Profit Amidst Buzzing Board Challenges

Nib Bank's robust net profits of 1.5 billion Br face a shadowy backdrop as the selection of the Board of Directors necessitated intervention from the central bank. The election process took an unexpec...

Dec 25 , 2023

Misgivings Put AfDB's $1.24b Ethiopia Projects at Stake

The African Development Bank (AfDB) has signalled potential disruptions in its Ethiopian operations, worth an estimated 1.24 billion dollars, blaming safety concerns for its international staff. This...

Dec 25 , 2023

BGI Plans Expansion, Merge Subsidiaries in Bid to Reclaim Market Leadership from Rival Heineken

BGI Ethiopia, one of the country's top brewers, has announced an aggressive five-year expansion plan, aiming to consolidate its four subsidiaries - Meta Abo, Zebidar, Raya, and Castel - into a single...

Dec 25 , 2023

WISHY-WASHY

A row of custodians clean up the Addis Abeba Light Railway System fences around the Megenagna area. While hailed during its inauguration around a decade back as transformative to the capital's transpo...

Dec 25 , 2023

CURTAIN CALL

Top view of the construction of the National Theater expansion project from the 47th floor of the tallest building in the city. Five years into its construction commencement, the 1.5 billion Br projec...

LIQUID SWORDS

Left) Lelise Neme, head of the Ethiopian Investment Commission, Gebremesqel Challa, minister of Trade & Integration, Aklilu Tadesse, CEO of the Industrial Park Development Corporation. Several st...

Dec 25 , 2023

Enat Bank Powers with Half a Billion Profits

Enat Bank delivers a little over half a billion Birr net profit to shareholders gathered at the Millenium Hall with interest income powering nearly 70pc of its revenues. The Bank's total revenue grew...

Dec 25 , 2023

Ethiopian Takes Off $450m Loan From Citigroup

Ethiopian Airlines Group has received a nod from Citi Group for a 450 million dollar loan to buy five new aircraft from Boeing, with two being 777 and the other three 737 Max. Their planned delivery i...

Dec 25 , 2023

Reinsurer Gains Profitable Traction

The sole reinsurance company in the country, Ethiopian Reinsurance, has reported two billion Birr in premiums for the year at its shareholder meeting at the Hilton Hotel last week. The shareholding c...

Dec 25 , 2023

Public Broadcaster, Press Agency Get New Bosses

A significant reshuffle within Ethiopia's Public media sector saw the appointment of Getenet Tadesse as the new Chief Executive Officer of the Ethiopian Broadcasting Corporation (EBC), following a una...

Dec 25 , 2023

Parliament Swears-In a Lawyer as Electoral Chief

The National Election Board of Ethiopia welcomed its new chairperson, Melatworq Hailu, following a parliamentary session that saw her sworn in with hardly any opposition. Born in Gonder, Amhara Regio...

Dec 16 , 2023

GNARLY GRIND

Varieties of roasted barley mixed with other grains for sale around the Flamingo area. Qollo, referred to in Amharic, is a peculiar delicacy found in a few cultures worldwide. Tibet offers the most kn...

Dec 16 , 2023

SPREADING SPEED

Frehiwot Tamiru, CEO of Ethio telecom, introduced new services at the Haile Grand near the Lamberet area last week. The telco has launched four services including multi-media messages that enable user...

Dec 16 , 2023

PEEVISH PRESCIENCE

A striking void harrows in the streets of the Piazza area mirroring the empty former grounds of the Arada building. The area has a host of new projects, including the flagship Adwa Zero Km museum, whi...

Dec 16 , 2023

Oromia Bank Marks Lucrative Financial Year

Oromia Bank exceeds its revenue target by four percent to 8.3 billion Br while registering two billion Birr gross profits. To the delight of shareholders gathered at Millenium Hall last week, the 63pc...

Columns

Commentaries | Jun 13,2026

Logistics Reform Should Deliver More Than Market Entry by Foreign Capital

The recent policy decision to fully open freight forwarding to foreign capital may become...

Editorial | Jun 13 , 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

THE PRICE OF MISTRUSTING THE TAP

Bottled water, once a symbol of convenience and safety for most residents, has become a sm...

Agenda | Jun 14 , 2026 . By HELINA HADGU

Parliament Receives Biggest Budget Bill, Debt Already First in Line

Finance Minister Ahmed Shide walked into Parliament on Thursday, June 11, 2026, with the l...

Fortune News | Jun 14 , 2026 . By NAHOM AYELE