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Dec 2 , 2023

IMPROMPTU AISLES

A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification a...

Dec 2 , 2023

Oromia Insurance Ascends to Profitable Heights

Oromia Insurance collected total gross premiums of 1.7 billion Br for the ended year, signalling a sizeable market share in Ethiopia's budding insurance sector. The 15-year-old Company has 1,213 share...

Dec 2 , 2023

Switch Operator Flicks Lucrative Counts

A switch operator under a consortium of six commercial banks, Premier Switch Solutions netted 41.4 million Br profits for the ended year, a 165pc increment from the preceding year. The operator man...

Dec 2 , 2023

Commission Lauds Averting Near Billion Birr Worth Corruption Cases

Officials at the Federal Ethics & Anti-corruption Commission laud preventing a staggering 812 million Br possible losses, during the first quarter report to parliament last week. Commissioner S...

Dec 2 , 2023

Zemen Bank Storms Higher Echelons

Zemen Bank has carved a formidable presence in the financial landscape, managing to cross the five billion Birr paid-up capital threshold put forth by the central bank. Shareholders gathered for th...

Dec 2 , 2023

Ahadu Bank Navigates Inaugural Year

Ahadu Bank sustained a 267 million Br loss in its first year of operation through its 75 freshly opened branches. The Bank managed to mobilise 2.03 billion Br in deposits while disbursing 924.6 millio...

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...


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The Budget Bill Asks the Most from Citizens with the Least Slack

When Parliament takes up the appropriation bill, federal legislators will receive a docume...

Editorial | Jun 20 , 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

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For Senayit Bekele, the day's rhythm begins at a vegetable stall. The lunchtime crowd spil...

Agenda | Jun 21 , 2026 . By BEZAWIT HULUAGER

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Federal and regional authorities have spent months urging taxpayers to pay more into the t...

Fortune News | Jun 21 , 2026 . By NAHOM AYELE