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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Telegram Wallet Exits Ethiopian Birr P2P Crypto Trading Amid Regulatory Crackdown

In a significant development for East Africa’s rapidly evolving digital asset landscape, Wallet, the custodial cryptocurrency platform deeply integrated into the Telegram messenger ecosystem,...

Ethiopia Debt Crisis: $1B Eurobond Restructuring Talks Collapse After Creditors Reject Revised Deal

Key Takeaways Negotiations End: The Ethiopian Ministry of Finance confirmed that debt restructuring talks over its $1 billion Eurobond have collapsed. The Conflict: Private bondholders rejected...

NBE Decentralizes Forex Approvals to Boost Ease of Doing Business

ADDIS ABABA — In a major move to streamline international trade and enhance business community confidence, the National Bank of Ethiopia (NBE) has officially...

NBE Eases Trade Finance Rules and Rationalizes Letter of Credit Fees in Latest FX Reform

ADDIS ABABA, ETHIOPIA — May 25, 2026 — In a significant move to streamline international trade and reduce bureaucratic bottlenecks, the National Bank of...

Ethiopia to Halt Ceramic Imports Next Year, PM Abiy Announces at Grandeur Factory Launch

MOJO, ETHIOPIA – Prime Minister Abiy Ahmed has announced that Ethiopia will completely substitute ceramic imports with domestic production starting next year. The declaration...

Ethiopia Unveils Plan to Export Oil and Gas Through Djibouti

The Horn of Africa is on the verge of a major energy boom. Following high-level talks at the Presidential Palace in Djibouti, leaders from...
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