Ethio telecom has announced a moderate adjustment to its telecom tariffs, pointing to prevailing macroeconomic pressures and rising capital and operational costs, while reaffirming its commitment to affordability and digital inclusion. In a statement issued on today, the state-owned operator said that over the past six years it has implemented repeated and significant tariff reductions,
The Commercial Bank of Ethiopia (CBE) has signed a 27.8 billion birr loan agreement with Ethiopian Airlines to finance the construction of housing for the airline’s employees. The agreement aims to provide a long-term solution to the housing needs of Ethiopian Airlines staff while ensuring the availability of adequate financial resources for the large-scale construction
Safaricom Ethiopia has announced a revision of its mobile data bundle prices, citing rising operational and investment costs as the key drivers behind the move. In a statement to customers, the telecom operator said the price rationalization is aimed at ensuring the continued delivery of reliable and high-quality mobile data services across the country. The
Ethiopian Investment Holdings (EIH), Ethiopia’s sovereign wealth fund, has launched a sweeping leadership and governance reform across its portfolio of state-owned enterprises, signaling a decisive shift toward commercially oriented management and stronger accountability. The reform drive, led by EIH Chief Executive Officer Brook Taye, aims to modernize board structures and executive leadership in line with
Ethiopost has signed a cooperation agreement with EthSwitch Share Company to jointly implement strategic initiatives aimed at strengthening digital payment and agency banking infrastructure. The agreement, signed during an official ceremony, focuses on the joint development of an Agent Network Management Application, a system expected to enhance the efficiency, reach, and coordination of agent-based financial
Dr. Brook Taye, CEO of Ethiopian Investment Holdings (EIH), has been named among Africa’s Most Influential Africans in 2025 by New African Magazine. Dr. Taye’s inclusion reflects his central role in shaping Ethiopia’s evolving economic reform agenda and in transforming EIH into one of Africa’s most discussed sovereign investment institutions. Since assuming leadership, he has
FC Africa has signed the country’s first blended finance partnership agreement focused on conflict-affected areas, marking a major step toward expanding access to finance for micro, small, and medium enterprises (MSMEs in post-conflict settings. Under the agreement, Lion International Bank, through its digital finance platform Alegnta, has formally launched a pilot uncollateralized digital lending service
The Ethiopian Lottery Service has announced the revocation of licenses for all sports betting companies operating in the country, effective December 6, 2018. In an official statement, the Service said the decision was taken in line with directives issued by the Government of the Federal Democratic Republic of Ethiopia and the regulatory authority granted to
The Ministry of Trade and Regional Cooperation has announced new retail prices for petroleum products, effective today, following adjustments aligned with global oil market trends. According to the Ministry, the revised prices took effect on 01 December 2018 EC at 12:00 PM, introducing changes to several fuel categories while keeping others unchanged. Prices for aviation
As Ethiopia races to industrialise and plug itself into East Africa’s emerging trade corridors, one structural constraint shapes its economic reality more than any other: maritime access. The country once relied on two Red Sea ports, Assab and Massawa, as its commercial lifeline. By the early 1990s, Assab alone handled more than 80% of Ethiopia’s
The Ministry of Industry, in partnership with Ethio Telecom, has officially launched “E-Tamirt,” a modern B2B e-commerce platform designed to connect manufacturing industries and accelerate their transition into digital commerce. Speaking at the launch event, Minister of Industry Melaku Alebel said the platform will play a crucial role in helping manufacturers source inputs more efficiently
Today, Ethiopia marks a major milestone with the launch of M-PESA ለሁሉም (M-PESA LeHulum), a mobile money platform that works with any SIM card. The new service makes digital financial services accessible to all Ethiopians, breaking the barriers of network limitations and bringing more people into the digital economy. With M-PESA LeHulum, users can register
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