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Safaricom targets seven-fold subscriber rise in Ethiopia by 2030

Safaricom targets seven-fold subscriber rise in Ethiopia by 2030

East African telecoms giant Safaricom is targeting a seven-fold increase in its subscribers in Ethiopia in five years, driven by the move to digital payments in Africa’s second-most populous country, the company’s chief technology officer told...

Ethiopia Enhances Regional Integration by Supplying Electricity to Neighboring Nations

Ethiopia Enhances Regional Integration by Supplying Electricity to Neighboring Nations

Addis Ababa, August 17, 2025 (ENA) -- The Ministry of Planning and Development has reported that Ethiopia has been creating a new dynamic for regional cooperation by extending its progress in renewable energy far beyond its borders, using clean...

Africa’s climate challenge: Fair fossil exit, finance

Africa’s climate challenge: Fair fossil exit, finance

Nearly 600 million people across the African continent still lack access to electricity. Close to one billion rely on traditional biofuels for cooking. Africa is also very vulnerable to climate change, even though it has contributed less than 5%...

Ethiopia plays vital role in combating climate change: Ministry

Ethiopia plays vital role in combating climate change: Ministry

The Ministry of Water and Energy has emphasized that tackling the impacts of climate change demands unified action from all sectors, highlighting Ethiopia’s significant contributions toward global mitigation efforts. Speaking at a pre-summit...

Nigeria’s World Bank IDA Debt Climbs To $18.2bn

Nigeria’s World Bank IDA Debt Climbs To $18.2bn

Nigeria has maintained its position as the third-largest debtor to the World Bank’s International Development Association (IDA), with outstanding obligations rising to $18.2bn as of June 30, 2025. This represents a $1.7bn—or about 10.3 per...

Ethiopia to Copy Kenya's Tax Tricks to Increase Revenue

Ethiopia to Copy Kenya's Tax Tricks to Increase Revenue

Ethiopia is turning to regional peers such as Kenya to guide its sweeping tax transformation plans as the country grapples with a sharp decline in domestic revenue collection. According to a recent report on Ethiopia’s tax-to-GDP ratio, the...

Nigeria’s Debt To W’Bank IDA Hits $19.2bn -Report

Nigeria’s Debt To W’Bank IDA Hits $19.2bn -Report

Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association (IDA) with outstanding obligations of $18.2bn as of June 30, 2025. This marks a rise from $16.5bn in June 2024, representing a...

Nehikhare: 30% of Africa’s Trade Flows ‘ll Run on Our Rails in 10 Years

Nehikhare: 30% of Africa’s Trade Flows ‘ll Run on Our Rails in 10 Years

MultiGate is a licensed treasury management and cross-border payments solution provider with operational offices in Canada, British Columbia, London, and Uganda, and licences in many African countries. In this interview, the company’s Chief...

Ethiopian-Canadian advocate honored for...

Ethiopian-Canadian advocate honored for...

Markos Z. Tegegn, a prominent charity advocate in Winnipeg’s Ethiopian community, has been honored with one of the Canadian government’s most prestigious awards for his years of dedicated service to those in need, both in Canada and Ethiopia. An...

Ethiopia Ranks 22nd Globally...

Ethiopia Ranks 22nd Globally...

Africa Leads in Global Generosity The Charities Aid Foundation’s (CAF) World Giving Report 2025 reveals compelling insights into global philanthropy trends, placing Ethiopia prominently at 22nd in the world for generosity, with its people donating...

Business leaders seek rate cut, power relief to spur exports

Business leaders seek rate cut, power relief to spur exports

KARACHI: Business leaders on Saturday called on the government to create a pro-business environment by cutting interest rates, lowering power tariffs, and supporting export-led growth. Speaking at a joint press conference on the economic roadmap,...

Ethiopia: We Are Here To Resist, Strive and Purge

Ethiopia: We Are Here To Resist, Strive and Purge

Resist. Strive. Purge. According to the Ethiopian ruling party’s self-assessment, since it came to power Seven (7) Years Ago, it has brought about tangible changes on Three (3) National Agendas, despite the fact that, over the Last Two (2) Years,...

Nigeria records 3rd largest debtor to W’Bank with $18.2bn – Report 

Nigeria records 3rd largest debtor to W’Bank with $18.2bn – Report 

BY SAM OTUONYE Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association, with outstanding obligations of $18.2 billion as of June 30, 2025. This marked a rise from $16.5 billion in...

Policy Signals, Not Competition, Steer Forex Price Discovery

Policy Signals, Not Competition, Steer Forex Price Discovery

The Birr slipped by 0.79pc against the Dollar over six days last week, but with unusual calm. Oromia Bank led the market, bidding up to 141.46 Br and asking as high as 144.29 Br. The CBE held fixed quotes for four weeks, more than three percent...

The Essential Guide to Doing Business in Ethiopia: Risks, Opportunities, and Must-Have Resources

By Andualem Sisay Gessesse – Ethiopia, with its population of over 120 million and one of the fastest-growing economies in Africa, is attracting increasing attention from foreign investors. The country’s strategic location in the Horn of Africa,...

Abiy Ahmed crisis threatens Amhara and Ethiopian unity

Historical Context of Amhara-Ethiopian Relations Evolution of Ethnic Federalism in Ethiopia The evolution of ethnic federalism in Ethiopia is a major factor in today’s conflicts. Ethiopia switched to ethnic federalism in 1991 after the fall of the...

Ethiopia Records World’s Sharpest Tax-to-GDP Ratio Decline in a Decade

Ethiopia Records World’s Sharpest Tax-to-GDP Ratio Decline in a Decade

Ethiopia has suffered the sharpest and sustained crumble in tax-to-GDP ratio recorded anywhere in the world over the past decade, a new government-backed study reveals. The joint report by the Ministry of Finance and the Institute for Fiscal...

Over half of Ethiopia’s...

Over half of Ethiopia’s...

More than 50% of Ethiopia’s adult population remains excluded from formal financial services, posing a significant challenge to the country’s economic development and social inclusion. Millions, particularly rural residents, have no access to...

Ethiopia Requests UN to Extend Landmine Clearance Deadline for Third Time

Ethiopia Requests UN to Extend Landmine Clearance Deadline for Third Time

USD 31mln required for clearing work between 2026-7 Ethiopia has requested the UN to again extend a deadline to clear landmines left strewn by wars old and new, placing people at risk on more than 125 million hectares of land. Ethiopia acceded to...

Ethiopia Omits Advantageous Goods, Services from AfCTA Implementation Regulation

Ethiopia Omits Advantageous Goods, Services from AfCTA Implementation Regulation

The Council of Ministers has ratified a regulation outlining the concession of duty tariff rates on goods for trade under the African Continental Free Trade Agreement (AfCFTA). The 419-page regulation approved last month appeared in the Negarit...

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