June 21, 2023
Ethiopia: #breaking - Safaricom Ethiopia Chief Executive Officer Leaves Business
Anwar Sousa. Photo/Anwar Sousa/Twitter Read more »
Ethiopia: Govt Moves a Step Closer to Securing Crucial Foreign Currency From IMF, World Bank
With the conclusion of consultation on the second Home Grown Economic Reforms Agenda with the executive committee of the Development Assistance Group (DAG), Ethiopia moves a step… Read more »
June 16, 2023
Ethiopia: Ethiopia Indicates Insurance Industry's Probable Opening for Foreign Firms
Following years of speculation, the National Bank of Ethiopia (NBE) announced their intention of allowing foreign insurers to operate in the country after the creation of an… Read more »
June 09, 2023
Ethiopia: World Bank Group Pledges Support for Safaricom Ethiopia's Internet Expansion
The World Bank Group's International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) have revealed plans to fund the ongoing expansion of Safaricom… Read more »
Ethiopia: Safaricom Ethiopia Gets Additional Investment, Loan to Support Affordable Internet, Reliable Mobile Connectivity
World Bank Group signing an agreement with Safaricom Ethiopia (Photo: Anuwar Soussa, CEO, Safaricom Ethiopia) Read more »
June 07, 2023
Ethiopia: Senior Citizens of Tigray Stage Demonstrations in Mekelle Over Unpaid Pension
Hundreds of retired civil servants in the Tigray region have staged demonstrations in the capital Mekelle, protesting against interrupted pensions following the war that has… Read more »
June 03, 2023
Ethiopia: Ethiopian Airlines Refutes Accusation of Blocking Tigrayans From Travel
Ethiopian Airlines Group refuted as "false allegation" a report that its services was blocking Tigrayans from travel to and the the Tigray regional state. Read more »
May 29, 2023
Ethiopia: Innovation - Ethiopian Students Won Third Prize in Global Final Huawei ICT Competition in China
Ethiopian students won third prize in the 7th Huawei ICT Competition Global Final, which took place in Shenzhen, China, from May 24 to May 28, 2023. Read more »
May 15, 2023
Ethiopia: Farmers' Market Sabotage, Inflation and Price Disorientation As Govt Wheat Export Story Hits News
For outside onlookers, when Prime Minister Abiy Ahmed officially unveiled the country's plan to export wheat to neighboring countries from products in Bale zone, announcing the… Read more »
May 11, 2023
Ethiopia: Ethiopia Issues Mobile Money License to Safaricom M-Pesa
The National Bank of Ethiopia (NBE) has today issued a mobile money service license to Safaricom M-Pesa Mobile Financial Service Plc, making it the first foreign investor in the… Read more »
May 09, 2023
Ethiopia: Govt Opts for Solar Water Pumps, Ends Importing of Diesel Pumps #AfricaClimateCrisis
The Ministry of Irrigation and Lowlands has announced that it has decided to end imports of water pumps that run on diesel and/or gasoline and instead focus on green energy… Read more »
May 04, 2023
Ethiopia: National Bank Governor Meets Kenyan, Moroccan Banking Executives, Discuss Participation, Potential Entry
NBE Governor Mamo Mihretu with KCB executives. Picture: NBE Read more »
April 25, 2023
Ethiopia: Change Is Coming to Ethiopian Banking
In early April, when KCB Group announced they are undergoing talks to acquire stakes in Ethiopian lenders, it was easy to sense a feeling of déjà-vu. The second… Read more »
April 14, 2023
Ethiopia: World Bank Tells Ethiopia to 'Remove Macroeconomic Distortions' to Help Slow Inflation, Unlock Investment
Today, World Bank Group President David Malpass met with Ahmed Shide, Minister of Finance of Ethiopia. Read more »
April 13, 2023
Ethiopia: Despite Massive Resources Mobilization, Drought Victim IDPs in Borana Zone Complain Inadequate, Unfair Aid Distribution
It has been more than a year since the pastoralists of Dubluk district in Borena Zone of Oromia Region, who lost all their livestock and properties to the drought that occurred as… Read more »
April 11, 2023
Ethiopia: Health Minister Arrives in Tigray to Discuss Rehabilitation of Health Facilities Damaged in War
High level federal delegation from Ministry of Health led by minister Liya Tadesse (PhD) has arrived in Tigray, Mekelle, today to observe the status of severely damaged health… Read more »
April 07, 2023
Ethiopia: More Than 90 Foreign Nationals, Locals Detained for Alleged 'Illegal Exploitation' of Gold
Security and Intelligence Joint Task Force announced detaining more than 90 foreign nationals and their local associates for allegedly engaging in "illegal exploitation" of gold… Read more »
March 20, 2023
Ethiopia: Akobo Minerals Announces Start of Core Drilling at Gindibab, A New Target in Ethiopia
Akobo Minerals, the Scandinavian-based Ethiopian gold exploration and boutique mining company, today announced the start of core drilling on a new target at Gindibab, the mining… Read more »
March 11, 2023
Ethiopia: Govt 'Dismayed' By Arab League's Resolution on Filling 'Flexibility', Operation of GERD
Ethiopia said it is dismayed by the resolution issued by the Arab League regarding the filling and operation of the Grand Ethiopian Renaissance Dam (GERD). Read more »
March 03, 2023
Ethiopia: Mastercard Foundation, Gebeya Announce $48 M Partnership to Equip Next Generation Entrepreneurs
Mastercard Foundation and Gebeya Inc. have announced Mesirat ("to work"), a five-year program that will equip 100 entrepreneurs in Ethiopia with their own multi-sided gig… Read more »
February 25, 2023
Ethiopia: Key Stakeholders Discuss Regulatory, Legal Issues Ahead of Launching First Industrial Gold Mining Project
Major local and international stakeholders of the Tulu Kapi Gold Mining Project, Ethiopia's first modern mining development have met in Addis Abeba on 23 February to discuss and… Read more »
February 24, 2023
Ethiopia: Coca Cola Announces Subsidy for 30 Plastic Collection Centres
Coca Cola Beverages Africa (CCBA) signed an agreement with 30 plastic bottle collection centers in Addis Abeba, to give a subsidy of up to 10 million birr aiming to boost… Read more »
February 23, 2023
Ethiopia: Ethiopian Rights Commission Says Restrictions On Free Movement of People, Trade Impede Recovery Efforts of IDP Returnees in Afar Region
Ethiopian Human Rights Commission (EHRC) has said IDP returnees in war-affected zones in Afar regional state unable to get back to their normal lives due to hindrances and… Read more »
February 08, 2023
Ethiopia: Ethiopia Secures Millions During PM Abiy's Latest Visit to Italy
As part of the Ethiopian Italian Cooperation Framework 2023-2025 which was announced during the Prime Minister Abiy Ahmed visit to Rome on 06 February, the two countries have… Read more »
February 06, 2023
Ethiopia: Central Bank Sends Cash to Banks in Tigray As Liquidity Crisis Cripples Services
The National Bank of Ethiopia (NBE) has begun distributing 5 billion Birr ($90 million) to banks in the Tigray region to enable them resume their much needed services amidst… Read more »