In a significant move to boost the operational capabilities of Ethiopia's Dire Dawa Free Trade Zone, a formal cooperation ...

Sidama Bank recorded a net profit of Birr 71.6 million for the previous fiscal year, surpassing its initial profit target by 58 percent. The announcement was made during the bank's third regular and ...

IMF highlighted Ethiopia’s homegrown economic reform program. One notable reform of Ethiopia’s economic agenda, according to IMF, is the shift to a market-determined exchange rate. The agreement ...

Kurmuk Gold Mine PLC has announced its gold mining plant will begin commissioning by the end of 2025, with full-scale ...

The Ministry of Water and Energy (MoWE) has announced that the country’s energy generation capacity has exceeded 6,000MW.

The Benishangul Gumuz Regional State has achieved a milestone in gold production, depositing 548 kilograms of gold into the ...

The Addis Ababa Investment Commission (AAIC) announced that 612 investors registered a combined capital of Birr 2.93 billion in the first quarter of the fiscal year, reflecting a 13% growth compared ...

The House of Peoples' Representatives has approved a supplementary budget of Birr 582 billion for the current fiscal year. The decision was made during the council's 6th regular meeting after Finance ...

Awash Bank announced significant financial achievements at its 29 th Annual General Meeting held in Addis Ababa. The bank's total assets reached Birr 282 billion during the 2023/24 fiscal year, ...

Ethiopia plans to export 100 megawatts of electricity to Tanzania through Kenya as part of a growing cross-border electricity trade initiative. Ethiopian Electric Power (EEP) announced the move ...