Inflation gathered momentum for a second straight month in June, suggesting the respite in consumer prices seen earlier this year may be proving short-lived despite tighter monetary policy. Annual consumer inflation stood at 13.9 percent in June, unchanged from the same month a year earlier but up from 13.4 percent in May, according to the […]

Addis Ababa University (AAU) has been named among five African universities selected as inaugural winners of the Mastercard Foundation’s Africa Higher Education for Transformation (AHEFT) Prize, receiving a 3 million US dollars award to expand initiatives aimed at strengthening research, innovation and education opportunities. The annual prize, launched with a 500 million US dollars commitment […]

Arifpay Financial Technologies S.C., Meftihe Microfinance S.C. and MZ Tech have launched a digital lending platform that introduces a social capital-based approach to unsecured lending, allowing individuals and micro and small businesses to access loans without traditional collateral requirements or formal financial records. The platform, named Kisse, offers loans of up to 3 million birr […]

Germany will provide an additional EUR 12.1 million in 2026 to support four cooperation programmes with the African Union, targeting regional infrastructure, public finance, renewable energy and health systems, including support for the continent’s response to the current Ebola outbreak. The funding, announced by the German Embassy in Addis Ababa on Monday, will be channelled […]

The Ministry of Revenues spent just 16.17 percent of its adjusted first-quarter budget for the tax system sector in the 2025/26 fiscal year, according to a performance audit by the Federal Office of the Federal Auditor General that also identified billions of birr in tax debt considered uncollectible and persistent weaknesses in the country’s tax […]

Ethiopia has joined a new international artificial intelligence cooperation body aimed at strengthening global collaboration and governance on AI, after signing the establishment agreement of the World Artificial Intelligence Cooperation Organization (WAICO) at the 2026 World Artificial Intelligence Conference in Shanghai, China. Minister of Innovation and Technology Dr Belete Mola (PhD) signed the agreement on […]

Africa’s commercial aviation industry will need 75,000 new professionals by 2045 as expanding airline fleets and rising air travel reshape the continent’s workforce requirements, according to Boeing’s latest long-term industry outlook. The forecast, published in Boeing’s 2026 Pilot and Technician Outlook alongside its Services Market Outlook, estimates Africa will require 22,000 pilots, 25,000 maintenance technicians […]