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News
The Young Capital Market Sees New Pipeline of Investment Professionals
10+ hour, 23+ min ago (379+ words) The country’s young capital market is expanding its institutional foundations, but industry leaders say a shortage of skilled local professionals remains a critical challenge as the country moves towards a more developed securities market. The graduates include 22 professionals who completed…...
Federal Agencies Told to Verify Employee Records
14+ hour, 39+ min ago (409+ words) Federal agencies have been ordered to verify the records of all government employees within deadlines set by the Federal Civil Service Commission, as authorities seek to improve payroll integrity and speed up the digital transformation of the civil service. The…...
UAE Automation Company Brings Affordable Warehouse Automation to Industrial Firms
2+ day, 17+ hour ago (410+ words) A UAE-based warehouse automation company is entering the local market with lower-cost technology aimed at helping industrial firms replace manual warehouse operations with faster and more efficient systems. The partnership comes as many firms continue to rely on manual loading…...
“Sustainable growth cannot be achieved through pricing that does not reflect underlying risks” Frehiwot Alemayehu, CEO of Zemen Insurance
2+ day, 17+ hour ago (1599+ words) Frehiwot Alemayehu joined Zemen Insurance in March 2026 with a mandate to strengthen one of the country’s younger insurers as the market enters a period of rapid change. A veteran of the insurance sector with nearly two decades of experience, she…...
Digital Financial Service Providers Launch Association as Industry Enters New Phase
3+ day, 10+ hour ago (473+ words) Digital financial service providers have created an industry association after six years of informal coordination, marking a new stage for a market that has expanded rapidly since regulators opened the country's payments ecosystem beyond traditional banks. The Ethiopia’s Digital Financial…...
The NBE Opened the Highway But Banks Are Still Checking the Traffic
5+ day, 20+ hour ago (538+ words) The National Bank of Ethiopia is busy again. Four years ago, it was scrambling to contain inflation that was racing towards 30 percent. Alarmed by rapid credit expansion that threatened to fuel even higher prices, the central bank reached for one…...
Audit Finds Ministry Used Just 16% of Q1 Budget as Audit Exposes Tax Collection Weaknesses
5+ day, 17+ hour ago (603+ words) The Ministry of Revenues spent just 16.17 percent of its adjusted first-quarter budget for the tax system sector in the 2025/26 fiscal year, according to a performance audit by the Federal Office of the Federal Auditor General that also identified billions of…...
Africa to Need 75,000 Aviation Workers by 2045
5+ day, 20+ hour ago (446+ words) Africa's commercial aviation industry will need 75,000 new professionals by 2045 as expanding airline fleets and rising air travel reshape the continent's workforce requirements, according to Boeing's latest long-term industry outlook. The forecast, published in Boeing's 2026 Pilot and Technician Outlook alongside its…...
Ethiopia Signs Up to New Global Artificial Intelligence Alliance
5+ day, 20+ hour ago (434+ words) Ethiopia has joined a new international artificial intelligence cooperation body aimed at strengthening global collaboration and governance on AI, after signing the establishment agreement of the World Artificial Intelligence Cooperation Organization (WAICO) at the 2026 World Artificial Intelligence Conference in Shanghai,…...
FAO Report Warns Climate and Price Volatility Threaten Ethiopian Coffee Farmers, African Producers
1+ week, 4+ day ago (258+ words) Ethiopian coffee farmers, whose harvests support millions of rural livelihoods, face mounting risks from climate shocks and volatile global prices, according to a new report by the Food and Agriculture Organization (FAO). Similar pressures are weighing on cocoa growers in…...