In October 2025, the Commercial Bank of Ethiopia said only 22 percent of Ethiopia’s diaspora remittances, estimated at $7.2 billion, were flowing through formal channels, while the remaining 78 ...

Ethiopian technology startup OrbiX Technologies PLC launched its multi-sector digital platform , introducing a unified ...

Ethiopia has been independently confirmed as a new source of paraíba tourmaline,one of the rarest and most commercially ...

Jandyr Ferreira dos Santos, Brazil’s ambassador to Ethiopia, said Brazil had also expanded its institutional presence in Addis Ababa in recent years, establishing an agricultural attaché office and a ...

Eight years ago, when Ethiopia announced its bold decision to build the biggest possible dam on the Nile River, to which it contributes 86Pct of the water volume, with financing from domestic ...

Ethiopia has recorded its highest-ever coffee export revenue, with the sector generating USD 1.868 billion over the past ten months of the current fiscal year — a historic milestone for the nation’s ...

In Addis Ababa, where a third of Ethiopia’s urban population reside, a considerable number of people live in vulnerable and highly depleted houses and slum neighbourhoods. Not a small number of people ...

Unilever has become the first foreign company licensed to directly import finished goods into the country. The landmark development was marked by the official launch of Vaseline, Unilever’s ...

The news of the establishment of a capital market has been received with hype and enthusiasm. It is hoped that it would support the national economy through the mobilization of capital for new ...

Abdusalam Kemal, Chairman of Hijra Bank’s Board, discussed the bank’s evolution from community-focused services to leveraging technology for greater impact. He stated, “Since our inception, we’ve ...

Being home to many internationally-acclaimed historical sites, Ethiopia has an immense local tourism potential. But the country has never capitalized on the opportunity. Adding to the minimal ...

Kuriftu Resorts and Spa disclosed its plan to open a water park in Arbaminch, 432.5km away from Addis Ababa. While the company is now attempting to select sites among three plots of land availed by ...