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Jun 14 , 2026

Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuri...

Jun 14 , 2026

Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the National Bank of Ethiopia's 15pc threshold. The Committee described the debt settlement as a “braveâ€...


Jun 14 , 2026

City Audit Uncovers 188 Million Br in Financial Irregularities

The Addis Abeba Finance Bureau has implemented corrective measures on 187.7 million Br in financial irregularities identified across 75 public institutions, as the city grapples with a 350-billion-Br financing gap for infrastructure and public services. The Bureau exceeded its annual audit target by 171pc, expanding oversight to 3,242 entities and improving audit report quality to 85pc. The performance comes after an international assessment ranked Addis Abeba first among six African cities for financial management, placing it alongside Nairobi in conducting regular formal audits. To rei...


Jun 14 , 2026

Siket Bank Enters Commodity Trade Finance

Siket Bank has signed a strategic partnership agreement with the Ethiopia Commodity Exchange (ECX) to integrate its digital payment gateway and introduce warehouse receipt financing for agricultural trade. The agreement, signed on June 11, 2026, by Siket Bank CEO Damtew Alemayehu and ECX CEO Mergiya Baysa, enables the bank to open specialised trading accounts and process electronic settlements through a secure data gateway. The partnership follows Siket's transition from a microfinance institution to a commercial bank, bringing 24 billion Br in assets and 10 billion Br in capital into the E...

Jun 14 , 2026

Bureau Disburses Large Compensation for Urban Redevelopment Displacements

The Land Development and Administration Bureau said it has disbursed 15.5 billion Br in compensation to property owners displaced by urban redevelopment projects across the city during the current fiscal year. The announcement was made during the Bureau's annual performance review chaired by Bureau Head Kassahun Alemu and Finance Directorate Director Tamiru Mosisa. Speaking to branch directors, Tamiru called on all offices to make full use of the remaining days of the fiscal year to close annual accounts on schedule and avoid the budget-closing delays recorded in 2024/25. To improve effi...

Jun 14 , 2026

ESLSE Tightens Spending, Saves Half a Billion Birr and Exceeds Targets

The Ethiopian Shipping & Logistics Services Enterprise (ESLSE) said it has saved over half a billion birr in the past 10 months, crediting the turnaround to strict cost-control measures and targeted expenditure reductions. The logistics operator attributed the gains to a series of operational reforms, including the overhaul of workflows, reduced reliance on external vendors, and expanded in-house capacity. It also began manufacturing machinery spare parts locally to cut import costs, while tightening oversight of heavy equipment and corporate vehicle usage. Fuel expenses were reduced...


Jun 14 , 2026

Authority Launches World Bank Backed Reform for Power Sector Regulation

The Petroleum and Energy Authority (PEA), with World Bank support, has launched a capacity-building programme to address regulatory gaps, modernise infrastructure, and enhance oversight in the country's power sector. An international consultancy has been engaged to conduct a data-driven review of the regulatory framework and recommend long-term reforms. The assessment focuses on institutional strategy, data systems for policymaking, digital readiness, and regulatory bottlenecks, while also exploring the integration of smart-grid and other technology-driven solutions. The initiative has comp...

Jun 14 , 2026

After Four Years, National Dialogue Heads to Final Summit

The National Dialogue Commission will convene its final national summit on July 15, 2026, in Addis Abeba. Chief Commissioner Mesfin Araya (Prof.) announced the timeline during a press briefing at the Sheraton Addis on June 12. Over the past four years, the Commission has completed preparatory dialogues in Addis Abeba, Dire Dawa, and 12 regional states, covering 1,234 woredas and 93pc of the country. Owing to security concerns in some regions, the summit has been relocated to the capital and is expected to run for three weeks. The Commission is currently consolidating agenda items submitt...


Radar

Jun 7 , 2026

Association Reports Largely Peaceful Vote, Flags Gender Gaps, Registration Issues

The Ethiopian Women Lawyers Association (EWLA) says the 7th National and Regional Elections held on June 1, 2026 were largely peaceful, orderly, and transparent, based on its preliminary monitoring re...

Jun 7 , 2026

ESL Prepares to Launch Full Digital Logistics Platform

Ethiopian Shipping & Logistics (ESL) is finalising plans to roll out a comprehensive digital service platform aimed at reducing bureaucracy and streamlining maritime trade operations. Under its...

Jun 7 , 2026

Ministry of Revenues Reports High Number of Digital Tax Payments

The Ministry of Revenues reported over 281 billion Br collected through its electronic payment platform in the first 10 months of 2026. Elsabeth Ashenafi said the record digital inflow reflects a s...

Jun 7 , 2026

Trade, Finance Alliance Targets Africa's Coffee, Leather Industries

The International Trade Centre (ITC) and Equity Group Holdings have signed a deal to boost inclusive, scalable economic growth in East Africa, beginning with Kenya, focusing on coffee, leather and cre...

Jun 7 , 2026

Eth-Switch Reports Five Billion Br Transaction in Single-Day

Eth-Switch S.C., the country's national payment switch, recorded a milestone after its interoperable instant payment platform, Ethio-Pay-IPS, processed more than one million transactions in a single d...

Jun 7 , 2026

Capital to Host Global Leaders for Africa Trade Development Forum 2026

Africa's heads of state, policymakers, and leading industrialists are set to gather in Addis Abeba on November 23–24, 2026, for the biennial Africa Trade Development Forum (ATDF), co-hosted by the M...

May 31 , 2026

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includ...

May 31 , 2026

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory va...

May 31 , 2026

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of...

May 31 , 2026

Ethiopia Calls for Scaled-Up Rural Financing at IFAD14

Ethiopia urged a significant scale-up in strategic financing for Africa's rural transformation at the IFAD14 meeting in Brazzaville, Congo on May 27. State Minister for Finance Semereta Sewasew framed...

May 31 , 2026

Coffee Export Revenues Threatened by 30pc Price Slump

New York Arabica futures declined by nearly 30pc as analysts forecast a global coffee surplus of 10 million bags the largest in six years. This production glut follows record-shattering harvests in Br...

May 31 , 2026

NBE Institutionalises Franco Valuta to Formalise Informal Trade

The National Bank of Ethiopia (NBE) has authorized a comprehensive legal framework for Franco Valuta imports, effective last week, to institutionalise a trade channel previously defined by regulatory...

May 25 , 2026

MOENCO Introduces BYD Shark 6 as Hybrid Demand Gains Ground

Motor & Engineering Company of Ethiopia (MOENCO), the sole authorised dealer for BYD in Ethiopia, officially launched the BYD Shark 6, a plug-in hybrid electric vehicle (PHEV) pickup truck, at the...

May 23 , 2026

Lawmakers Warn Contractors Over Cost Overruns, Project Delays

The Standing Committee for Urban, Infrastructure & Transport Affairs of the parliament has urged stricter enforcement of timelines, budgets, and quality standards in public construction projects a...

May 23 , 2026

Ethiopia, Dubai Record Sharp Rise in Non-Oil Trade

Non-oil trade between Ethiopia and Dubai reached 22.3 billion UAE dirhams in 2025, marking a sharp year-on-year increase of 236.6pc. The figures were announced following a trade mission to Addis Ab...

May 23 , 2026

Trade Minister Links Export Growth to Economic Reform Drive

Trade & Regional Integration Minister Kassahun Gofe says export earnings have more than quadrupled over the past eight years, reaching 8.7 billion dollars in the first 10 months of the current fis...


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Logistics Reform Should Deliver More Than Market Entry by Foreign Capital

The recent policy decision to fully open freight forwarding to foreign capital may become...

Editorial | Jun 13 , 2026

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

THE PRICE OF MISTRUSTING THE TAP

Bottled water, once a symbol of convenience and safety for most residents, has become a sm...

Agenda | Jun 14 , 2026 . By HELINA HADGU

Parliament Receives Biggest Budget Bill, Debt Already First in Line

Finance Minister Ahmed Shide walked into Parliament on Thursday, June 11, 2026, with the l...

Fortune News | Jun 14 , 2026 . By NAHOM AYELE