Must Read

Merging with Dignity: Lessons for Ethiopia’s Private Banks from Truist

Ethiopia’s private banks were built on trust, not by Wall Street veterans. Now, a 5-billion-birr capital rule, foreign competition, and tight regulations are forcing a shift from legacy to structure.

MinT Launches Tech Addis Expo to Attract Global AI, BPO, and Cloud Investments

The Ministry of Innovation and Technology launches Future Tech Addis, an ambitious 3-year initiative aiming to attract 1,000 global tech companies and boost Ethiopia’s innovation landscape.

Ethiopia’s Green Transport Crusade Spawns Market for Fuel-Saving Technology Company

Stricter vehicle emission rules are coming to Ethiopia. A new fuel enhancer promises to reduce emissions by 80% and improve fuel efficiency by 30%, arming drivers with tools for new laws.

Ethiopia Freezes New Power Permits for Crypto Miners Amid Capacity Saturation

Ethiopia won’t greenlight new crypto-mining power deal. EEP says it needs to ensure local access before expanding 'data mining' operations. The country’s Bitcoin mining boom may be slowing.

Ethiopian Trio Build Multilingual AI Assistant to Bridge the Language Gap

A new AI assistant trained in Ethiopia understands local slang, dialects, and culture. Built by three Ethiopian developers, Ras aims to remove the language barrier in accessing AI tools.

NBE Announces Crackdown on Illicit Currency Flows After Major FX Auction

Governor Mamo Mihertu announced enhanced crackdown on illicit foreign currency flows a day after major FX auction by the National Bank of Ethiopia.

Ethiopian Youth Ride TikTok’s Reach to Turn Crochet Skills into Earnings

From living room doilies to TikTok-driven fashion brands crochet in Ethiopia is making a comeback. Young entrepreneurs are turning childhood skills into thriving online businesses.

NBE Kicks Off Fiscal Year with Biggest FX Splash

Ethiopia’s central bank is doubling down on its FX auctions, literally. The NBE will offer $150m at tomorrow’s sale, more than twice previous amounts.