News

Historic Milestone Sees Ethio Telecom Unveil 100 Million Shares

In a historic milestone for Ethiopia's capital market, Ethio Telecom has launched the country's first initial public offering (IPO), unveiling 100 million shares to the public.

Dashen Bank Expands Digitization En Route to Historic 6.4 Billion Profits

Since the launch of Dashen’s partnership with Ethio Telecom, the bank has been able to provide 1,306,158 customers with micro-credit of 8.6 billion birr and collect micro-savings of 474 million birr.

Ethiopia’s Central Bank Pulls Back Fees From FX Spreads Sparking Industry Wide Trims on ‘Posted’ Rates

Following the transition towards a market-based foreign exchange regime in the final days of July, the ballooning spread at most banks had become a source of concern for many industry onlookers.

Proposal to Push EU’s Deforestation Law Brews Good News for Ethiopia’s Coffee

The EU accounted for 34.5% of all merchandise exports from Ethiopia in the second quarter of 2023/2024, with coffee contributing nearly a third of the total outflow.

EDI Launches Women Founders Program

A 2024 report by Disrupt Africa highlights a concerning trend in the gender divide among Africa’s startup founders.

New Animated Series Taps Ethiopian Roots For Fresh Take On Kids Content

Meet Kimem, Abule, Bitiqo, and Bochera: Friends to Ethiopian Children

Digital ID Project Gets Solid Footing in Addis Ababa

The project ranks second only to the Grand Ethiopian Renaissance Dam (GERD) in the list of key undertakings spearheaded by Prime Minister Abiy Ahmed’s (PhD) office.

Ride Increases Prices, Adds TOT

In the initial phase to be implemented on Monday, the flag-down fee will rise from 100 birr to 130 birr.