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Dec 2 , 2023

Berhan Bank Dims Financial Year Course

Berhan Bank shareholders had little to smile about during the annual general assembly, learning that their profit earnings for the year hung by a thread. The Bank has netted 508.6 million Br profit fo...

Nov 27 , 2023

BEARISH STROLLS

A street vendor around Chechnya sells colourful giant teddy bears. Theatrical spectacles with evading street vendors and officials from the Code Enforcement Authority are ubiquitous across the streets...

Nov 27 , 2023

HEAVY SYNC

Daily labourers around Qaliti attempt to lift a portion of a giant 16-wheeler truck that was in an accident. A recent decision by the Ethiopian Customs Authority to deny clearing procedures for import...

Nov 27 , 2023

MARCHING BLOCKS

Renovations around the soon-to-be-inaugurated Adwa Zero Km museum around Piazza kick up in gear. The museum is an integral element of a series of mega projects in the capital carefully watched over by...

Nov 27 , 2023

Capital Hosts International Oilseed, Pulse Conference

Oilseed and pulse exporters from more than 20 countries gathered in one room at the 12th Oilseed International Conference held in the capital for two days at Sky-light Hotel, organized by the Ministry...

Pioneering Mortgage Bank Increases Assets Amidst Declining Profits

Goh Betoch Bank, the first private mortgage bank in the country, experienced a 19pc decline in gross profits in a financial year that saw total assets soar by 117.4pc to 2.63 billion Br. Total depo...

Nov 27 , 2023

Hibret Wraps Quarter Century In Surging Profits

Hibret Bank shareholders were in cheerful spirits as it doubled its net profit to 2.29 billion Br and marked a quarter of a century in Ethiopia's financial sector. Melaku Kebede president of the ba...

Nov 27 , 2023

EthSwitch Lights Profitable Horizons

EthSwitch, the national switch operator,  has reported 534 million Br in gross profits, registering a growth of 172pc from last year during the general assembly meeting held at the Hilton Hotel on Me...

Nov 27 , 2023

AEMFI Celebrates Silver Jubilee

The Association of Ethiopian Microfinance Institutions (AEMFI)  celebrates its silver jubilee, marked by the establishment of a shared core banking system, which 30 of its members share. Board Cha...

Nov 27 , 2023

UNIDO Upgrades Slaughter Houses

The United Nations Industrial Development Organization (UNIDO) handed over 430 thousand euros worth of slaughterhouse equipment to five abattoirs as part of the African Industrialization Day celebrati...

Nov 20 , 2023

BRIEF STROKES

A series of paintings by Worku and Barbara Goshu adorn the Sheraton Addis Hotel's gallery. Inaugurated on February 1 998, the Hotel has been home to several distinguished art exhibitions throughout it...

Nov 20 , 2023

PUTRID POOLS

A puddle forms amidst a block of apartment buildings around the Cassanchis area. Poor urban planning has been the source of several of Addis Abeba's woes, ranging from overcrowding to misplaced transp...

Nov 20 , 2023

FRESH LOOK

Left to right) Solomon Desta, vice governor of the National Bank of Ethiopia, Merem Chebsa, board chairman of Oromia Insurance and Tigistu Shiferaw, CEO of Oromia Insurance as the Company unveiled it...

Nov 20 , 2023

State-owned Telco Dives Further Fuel Digitsation

Fuel supply chain management, third-party insurance and coupons are availed on the Telebirr platform as the state-owned telecom upgrades its digital ecosystem. The collaborative endeavour includes...

Universal Music Partners with Local Company for Music Distribution

International music under the Universal Music Group (UMG) will be availed and distributed through a local entertainment company, partnering with Sewasew Multimedia. Globally recognised labels, such...

Nov 20 , 2023

Bank of Abyssinia Climbs Profit Ladder

Shareholders of the Bank of Abyssinia convened at the Interluxury Hotel on Tito Street, as the Bank marks another profitable year, amassing 3.8 billion Br net profits. It is an increase of 18.7pc from...


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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