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Sep 24 , 2022

Feeding on Road

In the middle of a recently constructed highway in Qera, on Alexander Pushkin Street, a donkey is grazing on grass on the road separator. It shares the infrastructure with pedestrians and vehicles as...

Sep 24 , 2022

World Bank Funds $210m Groundwater Project as Drought Intensifies

A sustainable groundwater project in drought-prone lowland areas of Ethiopia, Kenya and Somalia was launched last week with 210 million dollars in funding from the World Bank. The six-year initiati...

Sep 24 , 2022

Chinese Textile Manufacturer Joins Adama Industrial Park

A Chinese textile manufacturer has signed a 216 million Br deal for a lease at Adama Industrial Park. The managers of Lighthouse Garment Manufacturing Plc say they expect to invest close to one bil...

Sep 24 , 2022

Ethiopian, Italian Firm Open Blanket Manufacturing Facility

The national carrier has inaugurated a facility for the manufacturing of insulation blankets for Boeing 737-MAX aircraft at its hub in Addis Abeba Bole International Airport. The facility is part o...

Sep 24 , 2022

Election Board Request 541m Br for Latest Southern Referendum

The National Electoral Board of Ethiopia (NEBE) has submitted a budget request of over half a billion Birr to Parliament to organise a referendum scheduled to be held in the Southern Regional State. ...

Sep 24 , 2022

Ethiopian Airlines Consortium Wins Nigeria Carrier Bid

A consortium with the Ethiopian Airlines Group as one of the major shareholders has won a bid to control Nigeria's national carrier – Nigeria Air. The other members of the consortium are Nigerian...

Sep 24 , 2022

RedFox Latest to Roll out Data Centre

A privately-owned modular data centre in Addis Abeba's ICT Park has gone operational nearly two years after RedFox Solutions Group secured land in the Park. RedFox executives, led by General Manage...

Sep 24 , 2022

Siinqee Leaps into Banking Industry

Siinqee Bank has made its official debut in the banking industry with a capital base that puts it on a footing with veterans. The Bank's executives celebrated the entry during a launch ceremony las...

Sep 18 , 2022

AGRA Launches $550m Africa Farming Fund

The Alliance for a Green Revolution in Africa (AGRA) has announced a half billion dollar catalytic fund to back efforts to improve food security on the continent over the next five years. The organisa...

Sep 18 , 2022

Safaricom Ethiopia to Build Data Centre in ICT Park

Safaricom Ethiopia Plc has inked a sub-lease agreement with the Industrial Parks Development Corporation (IPDC) for the construction of a new data centre in Addis Abeba's ICT Park. Projected to cos...

Sep 17 , 2022

Recognition to Suppliers

Abdulkedir Gelgelo (MD), director general of the Ethiopian Pharmaceutical Supply Service, oversaw recognition awards to pharmaceutical suppliers for their services at the height of the COVID-19 pandem...

Sep 17 , 2022

Carpet Load

A street vendor walks up the road near Sheraton Hotel and Friendship Park, carrying merchandise that instantly grabs attention. He is holding two carpets rolled up into cylinderical shapes. Despite ap...

Sep 17 , 2022

Streetside Shop

An outdoor shop under the ring road is displaying colourfully designed clothes and slippers. Since one of the mannequins could not be propped up, it is tied up to the bridge column. Situated next to a...

Sep 17 , 2022

Damot Bank Promoters Opt for Dissolution

The promoters of Damot Bank have decided to dissolve the would-be financial institutions after struggling to raise enough equity to meet the central bank's minimum paid-up capital threshold. Only t...

Sep 17 , 2022

MIDROC Embarks on Mega Real Estate Project

MIDROC Investment Group has kicked off construction on a luxury residential development project in Addis Abeba. A launch ceremony last week saw the attendance of Mayor Adanech Abiebie and Jamal Ahm...

Sep 17 , 2022

Electric Vehicles Catch Tax Break

Drivers have an added reason to go electric as the import and sale of electric vehicles is no longer subject to value added tax (VAT) or excise tax, according to the Ministry of Finance. Officials...


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Editorial | Jul 25 , 2026

Chasing Excellence in the Summer, Raising Questions Over Who It Leaves Behind

For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

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The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

Agenda | Jul 25 , 2026 . By NAHOM AYELE

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Global Bank's Board of Directors have overhauled top management, after suspending several...

Fortune News | Jul 25 , 2026 . By BEZAWIT HULUAGER