Ethiopian news in English · Business
The latest news from Ethiopia, from Tikvah, Addis Standard, The Reporter, BBC and more, summarized in English. Updated every 15 minutes.
- Enat Bank to Host 2026 GABV Africa Chapter Meeting in Addis Ababa
Capital Ethiopia · Enat Bank, which holds the distinction of being the first Ethiopian member of the Global Alliance for Banking on Values (GABV), has been named as the host for the 2026…
- Spa Service Enterprise Reports 21% Profit Growth Amid Cash Flow Shift
Addis Fortune · An Ethiopian spa service enterprise has reported a financial update showing a 21 percent increase in its net profit, reaching a total of 52.47 million Birr. Despite th…
- Article Discusses Impact of Micromanagement on Ethiopian OrganizationsCapital Ethiopia ·
Author Samson Worku Teshome has published an opinion piece titled 'The control trap: Why Micromanagement Stifles Growth in Ethiopian Organizations' on Capital Ethiopia…
- How Mobile Phones Are Rewriting Ethiopia’s Financial StoryCapital Ethiopia ·
For decades, access to banking in Ethiopia was severely limited by physical distance. Farmers and traders often faced significant obstacles in reaching physical bank b…
- If Ethiopia’s Economy Is Growing, How Are Its Workers Living?Capital Ethiopia ·
In an article authored by Solomon Zena, the writer examines the contrast between reported economic growth and the actual living standards of workers in Ethiopia. The p…
- Significant Gap Observed in USD Exchange Rates Across Ethiopian BanksAddis Fortune ·
A notable divergence in foreign exchange rates was observed across Ethiopian banks for cash customers this week, where the choice of bank proved more impactful than da…
- Environmental and Worker Health Concerns Rise in Ethiopia's Flower and Gold SectorsAddis Fortune ·
Ethiopia's flower export and gold mining sectors are vital sources of foreign currency, but they are facing increasing scrutiny over environmental and social impacts. …
- Ethiopian Investment Holdings to Build $55M Hilton Garden Inn in Addis AbabaCapital Ethiopia ·
Ethiopian Investment Holdings has announced plans to construct a new Hilton Garden Inn hotel within the premises of Hilton Addis Ababa. The project carries an estimate…
- NBE’s Transition to Interest Rate-Based Monetary Policy FrameworkCapital Ethiopia ·
Following a regular Monetary Policy Committee meeting in July 2026, the National Bank of Ethiopia (NBE) officially announced its successful transition from a money-foc…
- Economic Nationalism and the Global Political EconomyCapital Ethiopia ·
Economic nationalism has re-emerged as a defining force within the contemporary global political economy. This shift is actively reshaping trade regimes, national indu…
- Ethiopian Officials in Talks to Replace Broad Subsidies with Targeted SupportAddis Fortune ·
Federal officials in Ethiopia are actively engaged in discussions with the International Monetary Fund (IMF) and the World Bank to reform the country's subsidy system.…
- Banks Face Financial Strain Over Proposed Fayda Digital ID Verification FeesAddis Fortune ·
A new verification fee for checking customers against the Fayda digital ID system is causing financial concern for Ethiopian banks during a period of escalating operat…
- Aliko Dangote Launches $16 Billion Petroleum Refinery Project in Kenya
Tikvah Ethiopia · African billionaire Aliko Dangote, alongside Kenyan President William Ruto and Ethiopian Prime Minister Abiy Ahmed, laid the foundation stone for a $16 billion petrole…
- Haile Hotel and Resort in Gondar nears completionTikvah Ethiopia ·
The Haile Hotel and Resort currently under construction in Gondar, Amhara region, is nearing completion, according to group managing director Gadisa Girma. The facilit…
- Ethiopia’s Formal Seed System Supplies Less Than 20 Percent of Demand
The Reporter · A national assessment of Ethiopia's agricultural sector reveals that the country's formal seed system contributes less than 20 percent of the total seed supply needed …
- Ethiopia, Djibouti, and Dangote Group Launch Joint Oil Pipeline ProjectTikvah Ethiopia ·
Prime Minister Abiy Ahmed announced the official launch of a new oil pipeline project connecting Damerjog in Djibouti with Dewele in Ethiopia. The event took place in …
- Ethiopian Airlines Temporarily Suspends Flights to Tigray RegionTikvah Ethiopia ·
Ethiopian Airlines has officially announced the temporary suspension of its domestic flight services to the Tigray region starting Meskerem 13, 2019 E.C. According to …
- Ethiopia to Resume Sports Betting Under New Digital Regulatory FrameworkTikvah Ethiopia ·
The Ethiopian Lottery Service has announced that sports betting operations will resume under a new technology-backed regulatory system aligned with the "Digital Ethiop…
- Wegagen Bank Reports 4.3 Billion Birr Pre-Tax ProfitTikvah Ethiopia ·
Wegagen Bank has officially announced its latest financial performance results. According to the report released by the financial institution, it recorded a pre-tax pr…
- Ethiopian Airlines Named Best Airline in Africa for 9th Consecutive YearTikvah Ethiopia ·
Ethiopian Airlines has won the 'Best Airline in Africa' award at the SKYTRAX World Airline Awards for the ninth consecutive year. In addition to securing the top conti…
- Sheikh Mohammed Al-Amoudi Addresses MIDROC Investment Group's Family DayTikvah Ethiopia ·
Sheikh Mohammed Hussein Ali Al-Amoudi, the owner and chairman of MIDROC Investment Group, delivered a live video address via Zoom during the company's Family Day celeb…
- Injunction Placed on Noah Real EstateTikvah Ethiopia ·
The Federal High Court has placed an injunction on Noah Real Estate, prohibiting the sale or transfer of 24 apartments located at the 'Victory Site' near Women's Squar…
- Deadline for linking bank accounts to Fayda ID extendedTikvah Ethiopia ·
The National Bank of Ethiopia has extended the deadline for bank customers to link their accounts with their Fayda national ID to October 30, 2019 (Ethiopian calendar)…
- Ethiopia's Headline Inflation Rate Reaches 15.1% in AugustTikvah Ethiopia ·
The Ethiopian Statistics Service reported that the overall headline inflation rate for the month of Nehase 2018 Ethiopian Calendar reached 15.1 percent. This represent…
- First Phase of Mojo Logistics Center Expansion InauguratedTikvah Ethiopia ·
Prime Minister Abiy Ahmed has officially inaugurated the first phase of a modern logistics center expansion built on 60 hectares in Mojo. The facility is equipped with…
- Noah Real Estate Announces Home Handover Starting September 28Tikvah Ethiopia ·
Noah Real Estate home buyers have complained that the company failed to meet agreed deadlines for property handover. Company lawyer Yosef Desta responded that delays w…
- Noah Real Estate Buyers Complain Over Long Delays in 'Noah Hills' ProjectTikvah Ethiopia ·
Buyers of apartment units in Noah Real Estate's 'Noah Hills' project, located near Wosen in Addis Ababa, have raised complaints over multi-year delays in handing over …
- US Development Finance Corp plans to invest in Bishoftu Airport projectTikvah Ethiopia ·
The US Development Finance Corporation (DFC) plans to allocate significant investment to support loans for small and medium-sized enterprises related to the new Bishof…
- Meat price in Addis Ababa set at 1,200 Birr per kiloTikvah Ethiopia ·
The Addis Ababa Cooperative Commission has set a new price for meat, fixing it at 1,200 Birr per kilo at cooperative butcher shops. This decision follows a study and d…
- Addis Ababa Prepares Food Supply Distribution for Upcoming HolidaysTikvah Ethiopia ·
The Addis Ababa City Cooperative Commission has announced extensive market preparations to ensure an adequate supply of essential food items for the upcoming Ethiopian…
- Addis Ababa Tax Inspectors Find New Ways to Bypass Body Cameras, Merchants ReportTikvah Ethiopia ·
The Addis Ababa Revenues Bureau introduced body-worn cameras equipped with live audio-video streaming and GPS tracking to curb corruption among tax inspectors. While o…
- Addis Ababa Revenue Bureau intensifies regulation on vehicle tradeTikvah Ethiopia ·
The Addis Ababa Revenue Bureau has announced stricter enforcement measures on vehicle importers and sellers to curb tax evasion. Ato Mohammed Abdurahman, Deputy Head o…
- Ethio Telecom plans to provide 35 billion Birr in loans this fiscal yearTikvah Ethiopia ·
Ethio Telecom has announced its plan to provide 35.04 billion Birr in micro-loan services to its customers through Telebirr during the 2019 fiscal year. The company ha…
- Progress of the Koysha Hydroelectric Power ProjectTikvah Ethiopia ·
The construction of the Koysha Hydroelectric Power Project was captured by Tikvah Ethiopia cameras. Once completed, this project will make Ethiopia the owner of the th…
- Koysha Hydroelectric Power Project Reaches 77% CompletionTikvah Ethiopia ·
Ethiopian Electric Power has announced that the Koysha Hydroelectric Power Project in the Omo River basin has reached 77% completion. Once fully operational, the proje…
- Ministry of Foreign Affairs announces job vacancy for 100 AttachésTikvah Ethiopia ·
The Ethiopian Ministry of Foreign Affairs has announced a job vacancy to recruit 100 Attachés. Candidates with a first degree in any field and zero years of work exper…
- Addis Ababa Revenue Bureau takes action against car importers for tax evasionTikvah Ethiopia ·
The Addis Ababa Revenue Bureau has announced measures taken against car importers for engaging in illegal tax evasion. The Bureau stated that these importers failed to…
Summaries are written by AI and link to the original reporting.
Zena Digest