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Aug 27 , 2022

LUCKY SAVERS

Emnet Alemayehu was one of the lucky winners of the Commercial Bank of Ethiopia's (CBE) raffle competition to encourage saving. Held at its headquarters near National Theatre, in the central business...

Aug 27 , 2022

IGAD Warns of Fifth Consecutive Poor Rainy Season

The Intergovernmental Authority on Development (IGAD) has warned that drought-affected areas in Ethiopia, Somalia and Kenya are likely to receive insufficient rainfall this year. It will mark a fifth...

Aug 27 , 2022

Finance Ministry Signs $165m Land Project Agreement

The Ministry of Finance has signed a 165 million dollar loan and grant agreement with the World Bank Group for the extension of a sustainable land management programme that looks to curb land degradat...

Aug 27 , 2022

City Admin, Local Contractors Ink 7.7b Br Cluster Zone Deal

The Addis Abeba City Administration has inked a 7.7 billion Br agreement with two private construction firms to build an industry cluster zone in the Akaki-Qality District. MCG Construction Plc and...

Aug 27 , 2022

Ethiopian to Embark on Domestic Cargo Flights

The Ethiopian Airlines Group's Cargo & Logistics Service division has announced it will begin operating domestic cargo flights to Dire Dawa and Jigjiga in the coming week. The carrier will fly...

Aug 27 , 2022

Electric Utility Reports 26b Br in Revenues

The state-owned Ethiopian Electric Utility (EEU) generated over 26 billion Br in revenues during the last financial year. Close to 80pc of the revenues were secured from energy sales. The enterpris...

Aug 27 , 2022

Yagout Pay Eyes Market Entry as Fintech Race Heats Up

Another financial technology (fintech) firm is readying to enter the financial sector as a payment gateway operator. Yagout Pay Financial Technology S.C. is one of over a dozen fintech firms lookin...

Aug 27 , 2022

Ethiopian Airlines Records $5b Revenues

The Ethiopian Airlines Group reports that it generated five billion dollars in revenue in the financial year ended two months ago. It is eight percent higher than what the Group's executives had forec...

Aug 20 , 2022

UMBRELLA DISPLAY

In the populated area of Megenagna, where there is a lot of foot traffic for street vendors to get potential customers, umbrellas are displayed. It is a hot item for the rainy season. They come in dif...

Aug 20 , 2022

FLAG MEN

Decorating streets is not an easy task. It requires many workers to do manual and tiring work. In this case, one worker could be seen moving a ladder to another location on Africa Avenue, around Flami...

Aug 20 , 2022

LOW-BED BLOCK

Construction sites are a constant source of road blockage. This low-bed truck coming out of a construction site has blocked the road around Sengatera as it tries to turn and move. Motorcycle drivers a...

Aug 20 , 2022

US Agency Donates $7.7m to Disaster Risk Training

The United States Agency for International Development (USAID) has announced 7.7 million dollars in funding to Bahir Dar University for the training of 750 disaster risk management professionals. T...

Aug 20 , 2022

Hawassa Industrial Park Opens Employee Grievance Call Centre

A workers' call centre has been opened in Hawassa Industrial Park as part of efforts to curb abuse in the workplace. The centre appears as uncertainty looms over the Park's 35,000 employees, over t...

Aug 20 , 2022

Dashen Bank Implements $1.2m IBM Cloud Tech

Dashen Bank has announced the completion of a 1.2 million dollar project with IBM, the technology multinational, to modernise its cloud integration architecture. The implementation allows the Bank...

Aug 20 , 2022

Ministers Council Nods to Contract Farming Bill

The Council of Ministers has approved a bill that looks to formalise contract farming models. Federal officials hope to encourage expanding a demand-driven farming system by rolling out a legal fra...

Aug 20 , 2022

CBE Embarks on Digital Fuel Payment Platform

The state-owned Commercial Bank of Ethiopia (CBE) has struck a deal with a local software developer for an application that would enable digital payments at fuel stations. Dubbed "Nedaj", the app d...


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The Budget Bill Asks the Most from Citizens with the Least Slack


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The Budget Bill Asks the Most from Citizens with the Least Slack

When Parliament takes up the appropriation bill, federal legislators will receive a docume...

Editorial |

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

For Consumers in Addis Abeba, Even Thrift Becomes Expensive

For Senayit Bekele, the day's rhythm begins at a vegetable stall. The lunchtime crowd spil...

Agenda | Jun 21 , 2026 . By BEZAWIT HULUAGER

AG MESERET MAKES AUDIT MISMATCH HARD TO DEFEND

Federal and regional authorities have spent months urging taxpayers to pay more into the t...

Fortune News | Jun 21 , 2026 . By NAHOM AYELE