Market

Ethiopia Unveils Landmark Shebele Resort in Push for Regional Tourism Hub

Ethiopia officially inaugurated the Shebele Resort in the Somali Region on Saturday, marking a...

How Abel Tesfaye Became the World’s Highest-Paid Musician

For the global music industry, 2025 was a year of historic financial shifting. But for Ethiopians everywhere, it...

Disconnected by Design: Why Christopher Nolan and Haile Gerima Reject the Smartphone

In an era where the smartphone is treated as an extension of the human hand, choosing to step...

Federal High Court Grants Bail to Teddy Afro’s Assistant Manager and Co-Defendants

ADDIS ABABA — The Federal High Court issued its final ruling this afternoon regarding the bail requests of...

Teddy Afro’s 148 Million-View Triumph Highlights YouTube’s Ethiopia Revenue Problem

The release of Teddy Afro’s latest album, Etorika, has not just been a musical event; it is a...
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Ethiopia to Launch Unified Vehicle License Plates Featuring National Branding

Addis Ababa, Ethiopia – The Ministry of Transport and Logistics has issued a new directive mandating a nationwide overhaul of vehicle license plates, introducing...

Council of Ministers Forwards Draft Proclamation on Foreign Ownership of Property to Parliament

April 23, 2017 – In its 44th regular session held today, the Council of Ministers unanimously agreed to forward a draft proclamation to the...

Federal Government Launches “Mesob” One-Stop Digital Service Center

In a groundbreaking move towards digital transformation, the federal government has officially launched Mesob, a one-stop service platform designed to integrate multiple public services...

Ethiopia: Passport Services to Require National ID (Fayida) Starting June 1

Addis Ababa, April 18, 2017 (FMC) — In a major policy shift aimed at enhancing security and improving service delivery, Ethiopia’s Immigration and Citizenship...

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...

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...
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