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Nov 9 , 2024

Hibret Insurance Celebrates 30 Years with Soaring Profits

Hibret Insurance reported a gross written premium of 1.96 billion Br for the fiscal year, a 23.72pc increase from the previous period. Established in 1994 and celebrating 30 years of operations, the i...

Nov 3 , 2024

Parliament Nods for Cabinet Appointments

Federal legislators have approved five cabinet-level positions last week with a member of Parliament (MP) voted against and two abstentions were counted. Gedion Timotheos (PhD) leads the charge as...

Abyssinia Group Eyes Expansion with IFC Funding

Abyssinia Group of Industries (AGI), a leading East African steel producer, is poised for significant expansion owing to a proposed investment from the International Finance Corporation (IFC) which is...

Nov 3 , 2024

Fitch Acknowledges Easing Financial Pressures, Enhanced Macroeconomic Stability

Fitch Ratings has upgraded Ethiopia's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) to 'CCC+' from 'CCC-', citing easing financing pressures, improved macroeconomic stability, and increase...

Nov 3 , 2024

German Boost for Agriculture, Small Business Growth

Ethiopia and Germany have signed grant agreements totaling approximately 33 million dollars to support two initiatives: "Increasing Productivity through Innovation in Agriculture II" and "Promotion of...

Nov 3 , 2024

Housing Corp Invests in Local Manufacturing to Combat Construction Costs

Federal Housing Corporation (FHC) has launched a one billion Birr construction materials manufacturing factory on a four-hectare plot in the capital. The Corporation teamed up with Addis Abeba Univ...

Nov 3 , 2024

AliExpress Brings Online Shopping Experience Offline

AliExpress has launched its first showroom in Addis Abeba through a partnership with a company active in BPO, warehousing, logistics, farming, and manufacturing. The partnership with Echelon Group too...

Oct 27 , 2024

Historic Africa Hall's $57 million Renovation Eyes Tourists

The iconic Africa Hall, where the leaders of 32 African nations gathered in 1963 to establish the Organization of African Unity (OAU), the precursor to today's African Union (AU) was inaugurated after...

Oct 27 , 2024

Investment Holdings Backs Electric Mobility with Battery Swap Stations

Ethiopian Investment Holdings has made its second joint venture with an electric mobility startup company to avail 100 battery swap stations in Addis Abeba within a year and expand to 300 stations ove...

Oct 27 , 2024

Expo Looks to Enhance Underdeveloped Agri Subsectors

A three-day agricultural exhibition assembling stakeholders from the poultry, aquaculture, apiculture, and livestock is set to kick off at Millenium Hall on Airport Road. Organised by Prana Events, th...

Oct 27 , 2024

Ethiopian Innovators Shine at Start-Up Competition

Three Ethiopian innovators have emerged victorious in Total Energies' annual start-up competition. Open to entrepreneurs aged 18 to 35 owning businesses less than three years old, the competition aims...

Oct 27 , 2024

Report Forecasts Ethiopia's Digital Growth in the Next Four Years

Ethiopia's digital economy is expected to show significant growth contributing 1.3 trillion Br in the next four years, according to a latest report by Global System for Mobile Communications (GSMA). D...

Oct 27 , 2024

Fertiliser Giant's Subsidiary Tackles Soil Acidity

USAID and OCP Ethiopia Fertilisers Manufacturing PLC (OCP-EFMC) have partnered to tackle soil acidity, aiming to boost crop yields and farmer incomes. By introducing innovative fertiliser blends, the...

Oct 27 , 2024

Zeleke Temesgen Assumes EIC Commissioner Role

Zeleke Temesgen (PhD) has been appointed as the new commissioner of the Ethiopian Investment Commission (EIC) after previously serving as deputy commissioner. His predecessor, Hanna Arayaselassie, who...

Oct 27 , 2024

New Duty-Free Store Opens at Skylight Hotel

Country Trading PLC announced the opening of its second duty-free store, dubbed 'Millennium Duty Free', located inside Skylight Hotel last week. The store will also cater to the city's diplomatic corp...

Oct 20 , 2024

Warehouse Receipt Financing Secures 117 million Br Loans in 3 Months

The Ethiopian Commodity Exchange announced that 117 million Br in loans were accessed through warehouse receipt financing in the past three months. Since last year ECX has facilitated warehouse rec...

Columns

Commentaries | Apr 19,2025

Overseas Job Push Evokes Hopes at Home, Hardship Abroad

Mufariat Kamil, the minister of Labour & Skills, recently told Parliament that her Min...

Editorial | Apr 20 , 2025

From Cassette, CD Dreams to Cloud Streams

Key Takeaways Kuku Sebsibie's transition to digital singles represents a shift in the...

Featured | Apr 19 , 2025 . By BEZAWIT HULUAGER

A Holiday of Uneasy Choices

Takeaways: The Addis Abeba market faces logistical challenges with fewer livestock...

Agenda | Apr 19 , 2025 . By RUTH BERHANU

LEGACY Businesses in a Liminal Space

At first light in Addis Abeba's Qality District, the smell of freshly roasted Yirgacheffe...

Fortune News | Apr 19 , 2025