Fitch Upgrades Ethiopia’s Local Currency Rating Amid Macroeconomic Reforms
April 26, 2025
Hong Kong – Fitch Ratings has upgraded Ethiopia's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) from 'CCC-' to 'CCC+', citing easing financing...
Weyra Academy Launches 6-Week Web Development Course to Build Ethiopia’s Digital Workforce
Addis Ababa, Ethiopia — April 25, 2025 – In a move aimed at accelerating digital literacy and workforce development in Ethiopia, Weyra Academy has...
Ethio Telecom Sells Only 10.7% of 100 Million Shares After 121 Days of IPO Offering
Share Sale Results: Only a Fraction Sold
Six months after launching Ethiopia’s first-ever Initial Public Offering (IPO), Ethio telecom announced it had sold just 10.7...
Lemi National Cement Powers Ethiopia’s Construction Boom with Over 12 Million Quintals Delivered
Lemi National Cement PLC is making major waves in Ethiopia’s construction industry, having supplied more than 12 million quintals of cement in just six...
National Bank of Ethiopia Launches Modernized Ethiopian Automated Transfer System
The National Bank of Ethiopia (NBE) has officially launched the enhanced Ethiopian Automated Transfer System (EATS), a landmark upgrade that now operates using the...
Drone Strike Kills Over 100 Civilians in East Gojjam: Enarj Enawga Community Devastated by Tragedy
A devastating drone strike in the rural town of Enarj Enawga Woreda, located in the East Gojjam zone of Ethiopia’s Amhara region, has claimed...