Business

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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Eight Public Development Organizations Officially Join Ethiopian Investment Holding

Eight public development organizations have officially joined Ethiopian Investment Holding. The newly added companies include Ethio Post, Ethio Engineering Group, Ethiopian Industrial Resources Development Corporation,...

MIDROC Investment Group to Build $200 Million Gold Processing Plant in Benishangul-Gumuz, Ethiopia

MIDROC Investment Group, owned by Ethiopian-born Saudi billionaire Mohammed Al-Amoudi, is investing over 26 billion Ethiopian birr (approximately US $200 million) to build a...

Ethio Telecom Claims Company is World’s Cheapest Service Provider 

Frehiwot Tamiru, CEO of Ethio Telecom, took the spotlight at Parliament yesterday, answering over 200 questions from lawmakers about the company’s growth and its...

Haile Hotels & Resorts Group Unveils 10th Property in Jimma

JIMMA, ETHIOPIA – Haile Hotels & Resorts Group, a hospitality brand founded 15 years ago, has announced the completion of its newest property, Haile...

Faida Digital ID Requirement for Bank Account Openings in Addis Ababa Starts to Take Effect Today

Addis Ababa, December 23, 2017 – In a landmark move to streamline banking services and promote financial inclusion, the National Bank of Ethiopia (NBE)...

National Bank of Ethiopia Holds Policy Rate at 15% to Curb Inflation and Boost Stability

Addis Ababa, December 31, 2024The Monetary Policy Committee (MPC) of the National Bank of Ethiopia (NBE) held its inaugural meeting to evaluate the nation’s...
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