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Oct 14 , 2023

African Ministers Call for Key Reforms

African Ministers of Finance, Planning, and Economic Development requested the World Bank to focus on specific priorities of African countries, including regional integration, infrastructure developme...

Oct 14 , 2023

Northern Ethiopia Embarks on €10m Finance Deal

War-stricken areas in the north foresee a 10 million euro finance to harness stabilisation from the German government and the United Nations Development Programme (UNDP). The agreements were signed be...

Oct 14 , 2023

Zemen Insurance Profits Soar Despite Turbulent Market

Executives of Zemen Insurance heralded remarkable growth during the annual general assembly at the Grand Eliana Hotel, Churchill Road. The three-year-old Company amassed a 45 million Br gross profi...

Oct 14 , 2023

Data Centre Slates Alternatives for Financial Institutions

Financial industry insiders convened at the Sheraton Hotel to discuss the opportunities and pitfalls of the Raxio-Tier III data centre last week. Slated to launch before the end of the year, Raxio...

Oct 14 , 2023

IMF Mission Preserves Ambiguity on Ethiopia's Macroeconomic Standing for Second Consecutive Year

In a persisting aura of indecision, the International Monetary Fund (IMF) maintains its opacity about macroeconomic performance and impending financial support to Ethiopia for the second successive ye...

Oct 14 , 2023

Capital Market Authority Presents Capacity-Building Deal Amidst Public Offering Consultation

It was an eventful week at the Ethiopian Capital Markets Authority (ECMA) where a couple of particular occasions came to pass. At the Ethiopian Embassy in London, a capacity-building agreement for...

Oct 7 , 2023

SILLY WHEELS

A colourful bike is loosely tied to a bushy picket fence around the Medhanit Fabrica area. While bike lanes exist in some parts of Addis Abeba's roads, cycling has not been adopted to a marked degree...

Oct 7 , 2023

FESTIVE FERVOR

Irrecha celebrations swept across Addis Abeba the past weekend as thousands clad in colourful cultural outfits flocked into the Mesqel Square for the festivities. The holiday often linked with thanksg...

Oct 7 , 2023

CUSHY COFFERS

The second phase of the "Tatariwochu" competition was launched with Tsehay Shiferaw, the president of Awash Bank (Center) and Nebil Kello, managing director of First Consult at the Skylight Hotel last...

Oct 7 , 2023

Digital Transformation Forum Attracts Hundreds Across Africa

Close to 300 participants hailed from 41 countries to attend the International Annual Regional Development Forum last week. The three-day event was organised by the International Telecom Union partner...

Oct 7 , 2023

Tripartite Agreement Offers a Bridge to Basic Needs for Refugees

A data-sharing agreement that aims to assist refugees in easily accessing basic services such as health insurance, education, and banking was signed between officials of the National ID program, the U...

Oct 7 , 2023

USAID Partially Resumes Food Assistance

USAID resumes food aid strictly for refugees in Ethiopia after more than four months of suspension due to alleged food diversions by officials. Meanwhile, a plan to mitigate the risk of diversions...

Oct 7 , 2023

European Union, Finance Ministry Launch a 650m Grant Program

A three-year program on governance, peacebuilding, green growth and inclusive human development was launched between Ethiopia and the European Union (EU) last week. With a 650 million euro grant, the...

Oct 7 , 2023

Securities Exchange Unveils Inaugural Board Ahead of Launch

In a seminal move poised to shift the terrain of Ethiopia's economic landscape, the Ethiopian Securities Exchange (ESX) has unveiled its inaugural board of directors, with preparations set to finalise...

Oct 7 , 2023

Slowed Down Growth Looms for Sub-Saharan Africa

The growth prospects of sub-Saharan countries decelerate with rising instability, weak economic growth, debt distress, and climate shocks, according to a report published by the World Bank last week....

Oct 7 , 2023

Finance Ministers of the Horn Forge a New Path for Borderland Development

Finance ministers of the Horn of Africa convened in the capital last week to discuss the development of borderlands and private sector engagement during a Ministerial Initiative Meeting at Skylight Ho...


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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