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Jun 29 , 2025

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Spo...

Jun 29 , 2025

Customs Drafts New Code to Rein in Clearing Agents

The Ethiopian Customs Commission has drafted a new Code of Conduct for customs clearing agents, targeting long-standing issues of fraud, under-declaration, and informal brokerage that cost the state i...

Jun 29 , 2025

EFDA Launches Pharmaceutical Traceability Hub

The Ethiopian Food & Drug Authority (EFDA) has begun implementing its pharmaceutical traceability system to curb the flow of illegal medicines. Rolled out on June 26, 2025, the system requires all...

Jun 29 , 2025

Ethio-Re Set to Relocate as New Chair Takes Over

Ethiopian Reinsurance (Ethio-Re) is relocating its headquarters to the newly acquired Black Panther Building, purchased for nearly 100 million Br. Board Chairperson Dagnachew Mehari told Fortune that...

Jun 29 , 2025

NBE Requires Rating Disclosure From Foreign Banks

The National Bank of Ethiopia (NBE) has issued a directive requiring foreign bank applicants to disclose any recent credit ratings issued by external agencies but does not impose a minimum rating thre...

Jun 29 , 2025

ESX Sees First Broker-to-Broker Trade

In a landmark transaction, CBE Capital, acting on behalf of a client with a brokerage account, purchased shares from Wegagen Capital, representing Wegagen Bank. The deal marks the first-ever inter-bro...

Jun 21 , 2025

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates fo...

Jun 21 , 2025

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's s...

Jun 21 , 2025

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United...

Jun 21 , 2025

EEU Pegs 6.8B Dollars for Full Power Access by 2030

The Ethiopian Electric Utility (EEU) estimates 6.8 billion dollars is needed to ensure universal access to electricity by 2030. Around 37pc of the population remains without power, while the rest use...

Jun 21 , 2025

Ministry Fines Traders Millions of Birr for Anti-Competitive Conduct

The Ministry of Trade & Regional Integration has reported the deposit of over 4.8 million Br into the government treasury from fines imposed on traders found guilty of engaging in anti-competitive...

Jun 21 , 2025

Dashen Bank Rolls Out Secure Asset Deposit Service for Valuables

Dashen Bank has introduced a new secure deposit service for storing valuable items, including precious metals, gems, legal documents, and securities. The service is equipped with advanced security sys...

Jun 21 , 2025

Inflation Rate Stands at 14.4 pc, Tracking System Improved

The Ethiopian Statistical Service (ESS) has expanded its Consumer Price Index (CPI) coverage from 120 to 200 markets, marking the first major update in 25 years. The move comes in response to rapid ur...

Jun 21 , 2025

Crackdown on Non-Compliant Universities: 57 Sanctioned

The Federal Education & Training Authority has sanctioned 57 higher education institutions across 89 campuses for failing to meet regulatory standards. These institutions must reapply for accredit...

Jun 15 , 2025

Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience...

Jun 15 , 2025

Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopi...


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In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

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Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE