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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Ethiopia 2025: U.S. Report Flags Reforms and Corridor Risks

The U.S. State Department’s 2025 Investment Climate Statement on Ethiopia paints a picture of a country pulling in two directions at once: a government...

NBE Lifts Credit Cap to 24% but Stops Short of Full Removal

Ethiopia’s Central Bank Holds Tight on Monetary Policy Ethiopia’s central bank unexpectedly opted for a partial easing of its credit controls, lifting the ceiling on...

Ethiopia’s Central Bank Holds Interest Rate at 15% as Inflation Cools and Economy Strengthens

Addis Ababa — Ethiopia’s central bank kept its benchmark interest rate unchanged at 15% and opted for only a cautious loosening of credit growth...

Malaysia Reopens Embassy in Addis Ababa After 43 Years

Malaysia has officially re-established its diplomatic presence in Ethiopia, reopening its embassy in Addis Ababa after more than four decades of closure. The decision...

Abyssinian Flight Launches First Tourist Charter to the Grand Ethiopian Renaissance Dam

Abyssinian Flight Services & Aviation Academy (AFS), one of Ethiopia’s leading private air charter operators, has inaugurated the first tourist charter flight to the...

Ethiopia to Enforce 30% Tax on Petroleum Products in Current Fiscal Year

The Ministry of Finance has announced that it will fully implement a 30% tax on petroleum products during the current 2018 fiscal year. The...
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