Ethiopia and China have signed a five‑year agreement to incorporate the Chinese language into Ethiopia’s national education system. The agreement was formalized by Ethiopia’s State Minister of Education, Professor Kindeya Gebrehiwot, and China’s Ambassador to Ethiopia, Qin Hai, during a ceremony in Addis Ababa. It marks the latest step in the countries’ growing educational and […]

Ethiopia should be one of Africa’s most compelling e-commerce stories. It has a large young population, expanding mobile connectivity, a growing urban consumer class, a government eager to digitise the economy, and mobile-money platforms that have already reached tens of millions of users. The country now has 93.2 million active mobile connections, 29.5 million internet […]

PDS Health, a US-based integrated healthcare support services provider, said it has raised more than 2 million US dollars through its annual campaign for charity: water, with proceeds directed toward clean water systems in Ethiopia expected to benefit more than 50,000 people. The fundraising effort was driven through its consumer brand Smile Generation and a […]

Eyob Tekalign (PhD), the eleventh governor of the National Bank of Ethiopia, has called on domestic lenders to bolster their balance sheets and modernise operations as the country moves towards opening its banking sector to foreign competition. The governor told bank executives, seated before him at the closing ceremony of Dashen Bank’s 30th anniversary, that […]

MIDROC Investment Group has secured 80 million US dollars from the International Finance Corporation (IFC) to refurbish Sheraton Addis and build a new luxury hotel in the capital, as Ethiopia’s largest private conglomerate doubles down on high-end hospitality at a time of sweeping economic reform. The agreement, signed in Nairobi by MIDROC chief executive Jemal […]

The Addis Ababa City Administration has expanded the legal reach of public asset audits, allowing investigators to examine records dating back up to 10 years in cases of suspected misconduct, as it rolls out a stricter oversight framework for government property management. The new system, introduced under Directive No 190/2026 and signed by Yesuf Ebrahim […]

The Ministry of Trade and Regional Integration has introduced a long-awaited warehouse receipt system that will allow farmers and cooperative unions to use stored agricultural products as collateral for bank loans, in a move aimed at easing financing constraints across the agricultural sector. The new regulation establishes a formal Warehouse Receipt System (WRS), enabling farmers […]

The National Bank of Ethiopia (NBE) cancelled a planned 100 million US dollars in foreign-exchange auction on Tuesday due to unforeseen technical issues, postponing a sale that had been expected to inject hard currency into the country’s banking system amid persistent demand for dollars. NBE said the foreign-exchange auction scheduled for June 9 had been […]