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Jun 24 , 2023

Capital Market Authority Prohibits Issuing Shares without Approval

Issuing shares without the approval of the Ethiopian Capital Market Authority is prohibited pending the implementation of a new "Public Offering" directive. A document outlining details of a company l...

Jun 24 , 2023

Finance Ministry Asserts Vitality of Budget Austerity

The proposed 801 billion Br "conservative budget" was posed as a tool for fighting inflation by State Minister of Finance Eyob Tekalegn (PhD) last week. He addressed questions raised by members of the...

Jun 24 , 2023

Amhara Bank Celebrates a Milestone with 6b Br Paid-up Capital

Amhara Bank celebrated its one-year operation with six billion Br paid-up capital, trailing Awash, Abyssinia and Dashen, the veterans in the industry. It was able to garner 19 billion Br deposits from...

Jun 24 , 2023

Oromia State's Tax Revenues to Double Through Ethiotelecom Deal

A new partnership with Ethio telecom is hoped to more than double revenues for the Oromia Regional State. The Oromia Regional Revenue Bureau partnered with Ethiopia's leading telecom provider, Ethiote...

Jun 24 , 2023

UK Pledges to Aid Ethiopia's Accession to World Trade Organization

Amidst Ethiopia's efforts to gain membership in World Trade Organization (WTO), the United Kingdom has pledged technical, regulatory and financial support of 450,000 pounds. Gebremeskel Chala, mini...

Jun 24 , 2023

Ethiotelecom Claims Height, Holds Sway in a Competitive Landscape

The state-owned Ethiotelecom presented its first-ever performance report in its 129-year history before Parliament last week. Spearheaded by the CEO Frehiwot Tamiru, the telecom company which has b...

Jun 24 , 2023

Derba Cement Moves to Resume Ardent Plant Expansion

Derba Cement embarks on an ambitious plant expansion that will double its daily production to 150,000qtl upon completion. If realised, the company will be the largest cement producer in Ethiopia. D...

Jun 17 , 2023

FEINT ARCHETYPES

Ethio-Cuba friendship park breathes life into the Tikur Anbessa Hospital outdoors. Kindled during the seizing of power by the communist military Derg regime in 1974, bilateral relationships between th...

Jun 17 , 2023

GRIMM AURAS

Vendors argue with taskforce over a bid to demolish a marketplace less than a year old around the Mebrat Hail condominium. Both the Addis Abeba City Administration and newly formed Sheger City authori...

Jun 17 , 2023

MYSTIC MURALS

Paintings around the walls of the French Embassy depict a dancing Axum Obelisk parallel to the Eifel Tower. The obelisk migrated back to Ethiopia after a sixty-eight-year stay in Italy in 2006. While...

Jun 17 , 2023

Safaricom Ethiopia Secures $157m Investments

An equity investment of 157.4 million dollars has been provided to Safaricom Ethiopia by the International Finance Corporation (IFC), the largest development institution focused on private sectors wit...

Jun 17 , 2023

Ethiopia's Businesses Trepid Over New Commercial Code Proclamation

The new wave of taxes took priority in a discussion on the two-year-old commercial code proclamation during a stakeholder forum organised by the Addis Abeba Chamber of Commerce & Sectoral Associat...

Jun 17 , 2023

French Ambassdor Launches Gender Equality Initiative

A program targeting legal reforms in prosecuting sexual crimes and fostering women's participation in the national dialogue and transitional justice issue was launched last week. It is expected to...

Jun 17 , 2023

City Ushers East African Finance Summit

The sixth annual East African Finance Summit took place last week, bringing together several players in the financial sector. Vice Governor of the central bank, Solomon Desta heralded Ethiopia's fi...

Jun 17 , 2023

Decline in Annual Export Earnings Despite Agricultural Boost

Ethiopia has fallen short of its annual export goal, having only generated three billion dollars in revenue over the past ten months, according to a recent report by the Ministry of Regional Trade &am...

Jun 17 , 2023

Ministry Moves to Stress Efficiency of State-Owned Enterprises

Officials at the Ministry of Finance are on the move to amend the 34-year-old proclamation with hopes of boosting the role of state-owned enterprises in commercial affairs while serving the public. Th...

Columns

Commentaries | May 09,2026

Every Encounter with the State Should Not Become an Invoice

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