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Aug 21 , 2023

ANALOG POP-UPS

A trader around the Saris area exhibits his goods on a car parked outside with hopes of attracting attention. Unlike the analogue method, in a digital era where advertisement spending is expected to r...

Aug 21 , 2023

Geda Special Economic Zone Project Gets Underway with Chinese Investment

A logistics centre and manufacturing facilities are set to be developed in the Geda Special Economic Zone built by China Civil Engineering Construction Corporation (CCECC). Geda Special Economic Zo...

Health Insurance Under Formation Checks Last Boxes

Wass Insurance S.C. aspires to become the first health insurance provider to meet the 100 million Br minimum requirement set by regulators at the central bank which will quadruple after September. ...

Aug 21 , 2023

Private Telco Enters Mobile Money Service

Safaricom Ethiopia launches its M-Pesa mobile money service integrating it with nine commercial banks. Hibret Bank announced its partnership where the 475 Bank branches function as super-agents for M...

Aug 21 , 2023

Dashen, Mastercard Launch Multi-currency Payment System

Travellers that can provide essential documents such as passports, visas and air tickets can make payments worldwide through Dashen Bank which avails a multicurrency card with virtual access following...

Aug 21 , 2023

Ethio-China Bolster Ties Amid Resurgence of Belt & Road Initiative

Exporters and researchers met with enterprise officials from China last week to promote partnerships and explore trade opportunities amid the resurgence of the Belt & Road Initiative (BRI). Dep...

Aug 21 , 2023

Ethiopian Partners with Boeing to Manufacture Airplane Parts

Ethiopian Airlines has announced a 15 million dollar project in partnership with international aeroplane manufacturer Boeing to produce aircraft parts at Qilinto Industrial Park. Aircraft thermo-ac...

Aug 21 , 2023

Siket Bank Takes a Giant Leap

The microfinance institution Addis Credit & Saving Institution S.C. edges closer to joining the banking industry under the moniker Siket Bank. It received a nod from regulators of the central bank...

Aug 21 , 2023

Customs Commission Clamps Down on Car Imports

Importing vehicles under the guise of returning diaspora or Franco Valuta with extended letters of credit is prohibited, as a letter from Customs Commission Commissioner Debele Kebeta was sent out las...

Aug 12 , 2023

Textile Company Set to Launch Under New Ownership

The sprawling textile manufacturing company formerly known as Ayka Addis is set to begin production under the new banner Buluko Integrated Textile Factory following its purchase by the Oromia Public E...

Aug 12 , 2023

Electric Access Remains Feint Leaving 56m in Dark

The ambitious plan to light up 25 million households in a decade by the Ethiopian Electric Utility (EEU) is undermined as it managed to garner 353,000 new customers in the ended fiscal year. As Eth...

Aug 12 , 2023

ARTSY SCRAPS

A metal vendor around Qera waits for customers under a colourful set. Most steel manufacturers operate at around 10pc capacity with the Ministry of Mines pulling a campaign to substitute import with s...

Aug 12 , 2023

BOUND UP

A fence around the Fel Wuha area put by authorities shuts off several businesses from the main road. The area is famous for its natural hot springs powered by geothermal energy. Despite being endowed...

Aug 12 , 2023

SPIRALLING SPLURGE

A disintegrating pole around the Tikur Anbesa area is a resting spot for tired urbanites. The spirited ambition to embellish the capital with a polished look of a modern metropolis is plagued by weari...

Aug 12 , 2023

Central Bank Greenlights Pioneer Private Mobile Money Platform

As the country makes concerted efforts towards digitisation, Kacha Digital Finance Services receives a nod from the National Bank of Ethiopia (NBE) to commence commercial operations following a year o...

Aug 12 , 2023

Chinese Construction Company Eyes Coffee Exports

China Civil Engineering Construction Corporation (CCECC) plans to enter the coffee processing business at Jimma Industrial Park. Located 360Km from Addis Abeba, the Industrial Park houses several a...


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The New Gold Standard Comes with a Warning Label

In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-payments...

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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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Prime Minister Concedes Health Sector Remains Underprovided

The health sector remains underprovided despite rising public spending, Prime Minister Abi...

Fortune News | Jul 7 , 2026