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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 […]

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 […]

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 […]

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 […]

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 […]

The National Bank of Ethiopia (NBE) is developing a regulatory sandbox that could allow financial technology firms to test platforms enabling international online payments of up to 5,000 US dollars annually, according to sources familiar with the initiative. The proposed framework would create a controlled environment where selected fintech companies can pilot cross-border payment services […]

The African Trade & Investment Development Insurance recorded a 20 percent increase in annual profit in 2025, significantly outpacing the growth of its insured portfolio as demand for protection against political and payment risks remained high across Africa. ATIDI’s profit rose to 71.4 million US dollars from 59.5 million US dollars a year earlier, while […]

Weak certification systems, limited laboratory capacity and inconsistent inspections are preventing Ethiopian agricultural exporters from securing higher prices and gaining wider access to premium global markets, industry officials and policymakers said on Tuesday. The constraints have contributed to repeated shipment interceptions, rejected consignments and price discounts for products that otherwise have the potential to compete […]

Sidama Bank S.C. has registered 1,447,002 existing shares with the Ethiopian Capital Market Authority (ECMA), becoming the latest private lender to align its securities with the country’s newly introduced capital market regulatory framework. ECMA approved the bank’s Registration Statement on July 20, according to a public notice issued under Articles 4 and 29 of the […]