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 […]

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 […]

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 […]

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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 […]

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 […]