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 ...

Former Advisor to Ethiopian Prime ministers, Neway Gebregab, has passed away today. He was a chief economic advisor to former Prime Ministers of Ethiopia, Hailemariam Desalegn and the late Meles ...

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 ...

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 ...

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 ...

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 ...

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 ...

Born in Arsi, State of Oromia, the legendary coach Haji Adilo discovered his running ability at grade nine. Soon enough, he was able to compete in regional and national championships in the late 1980s ...

The Ministry of Trade and Regional Integration has issued a statement clarifying recent misinformation suggesting that new taxes have been imposed on fuel sales. While the Ministry insists that no new ...