The National Bank of Ethiopia (NBE) has ordered banks to stop paying deposit interest upfront, barring them from crediting interest before a deposit has been held for its contracted term or reached ...

Allied Gold has connected its Kurmuk mine in western Ethiopia to the national electricity grid and begun crushing ore, pushing the Canadian miner's single largest growth project within weeks of its ...

Addis Abeba is growing faster than its residents can keep up with. The city changes almost by the week. Roads are widened, buildings rise where familiar spaces once stood, corridors are redesigned, ...

At Patina Bakery & Cake on Gabon Street, Muluken Hailu faced uncertainty because of their dependence on plastic bags. General Manager of the Bakery, he is well aware that not every type of bag is ...

ASKY Airlines is trying to make the leap from regional carrier to aviation platform. From Lomé, the Togolese airline wants to double its fleet, open long-haul routes, build maintenance and training ...

Prime Minister Abiy Ahmed (PhD) has reshuffled his cabinet, installing new ministers in 14 federal ministries in the ...

One of Ethiopia's leading private financial institutions Awash Bank has joined forces with the US-based technology giant Mastercard to unveil a virtual pre-paid international card. Dubbed "Awash ...

FaydaVerse, the newly created state-owned enterprise that runs the national digital identity system, has begun ...

Federal lawmakers re-elected Abiy Ahmed (PhD), president of the incumbent Prosperity Party (PP), as Prime Minister today, Monday, October 5, 2026, giving him a second full five-year term after more ...

Ethiopia is struggling to fully capitalise on the African Continental Free Trade Area (AfCFTA), with limited exportable goods, constrained private-sector capacity and a shortage of trade information ...

In a city forever glancing back at its own past while racing to keep pace with the rush of modernisation, one story ...

Tens of thousands gathered around Meskel Square for this year's Irreecha held last week, the thanksgiving festival, in ...