የቅርብ ጊዜ የEthiopia ዜናዎች

Addis Fortune01-11-2026

AWASH WITH DEPOSITS, SPARING WITH LOANS

Gure Kumssa (left), board chairperson of Awash Bank, and Tsehay Shiferaw (right), its president, presented a record gross profit of 38.3 billion Br, up 49.2pc, to shareholders on Saturday. Thousands gathered for the annual meeting at the Skylight Hotel's Grand Ballroom on Africa Avenue (Bole Road), October 31, 2026. The result, for the year ended June 30, lifted earnings per share to 858 Br from 783 Br. Deposits grew by 41pc to 469.3 billion Br, which the Bank called “the la…

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Addis Fortune01-11-2026

The Farmers Europe’s Coffee Rules Cannot See

Europe's deforestation rule takes effect in two months, yet many of Ethiopia's smallholders have never heard of it. Unions and exporters are mapping farms, but a registration total is not a traceable supply chain reports NAHOM AYELE, FORTUNE STAFF WRITER. Ashabir Haile, 50, has farmed coffee for nearly a quarter of a century. This season, the father of three is worried about a sharp fall in production. Heavy rains in April and May damaged his coffee plants while they were fl…

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Addis Fortune01-11-2026

Addis Abeba Centralizes Land Subdivision Decisions at Mayor’s Office

CLARIFICATION: It has come to our attention that a news story we published in our last edition [Volume, 27, Number 1383, November 1, 2026], headlined “Addis Abeba’s Land Files Move to the Mayor's Desk", has led to misunderstanding, hence speculation, that the decision concerns all plots of land in the city. Despite our subheadline stating that Addis Abeba's Cabinet “has handed Mayor Adanech Abiebie sole power to approve subdivisions of allotted land, promising faster service…

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Addis Fortune01-11-2026

Addis Abeba Charges Bidders for E-tender Files

Manual tenders have long carried a reputation for favouring the connected and obscuring the procurement trail. The Addis Abeba City Administration is betting that moving transactions onto a digital platform will leave less room for deals outside official channels. The city has 217 public administrative agencies, and if the 54 newcomers join on schedule, about half will be on the platform by the end of the fiscal year. The Administration aspires to bring all government instit…

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Addis Fortune01-11-2026

Namibia Calls Leaked Memo on Ethiopian Airlines Running Its Planned Carrier Unauthorised

Ethiopian Airlines earned 9.1 billion dollars in revenue and carried 20.7 million passengers in the 2025/26 fiscal year. At home, it paid 30.87 billion Br in taxes in 2025/26, the third-largest sum among large taxpayers after Ethio telecom and the Commercial Bank of Ethiopia (CBE). Its partnerships span ASKY Airlines in Togo, Malawi Airlines, Zambia Airways and Kinshasa-based Air Congo, feeding traffic to its Addis Abeba hub. A potential Namibian partner could add profitable…

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Addis Fortune01-11-2026

IMF El Niño Warning Comes with a Payment Plan

The International Monetary Fund (IMF) warns that El Niño-related rainfall disruptions could threaten Ethiopia's farm output, electricity generation and inflation outlook. The World Meteorological Organisation (WMO) puts the probability of El Niño conditions through February 2027 near 100pc. Prolonged dry spells and erratic rainfall could bring food shortages, weaker export earnings and renewed price pressure, according to an IMF Spokesperson. Agriculture employs the vast maj…

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Addis Fortune01-11-2026

Gov’t Readies Long-term Bonds as Its Bills Pay Half the Inflation Rate

The federal government nearly doubled its planned Treasury bill offering to 23.39 billion Br at the October 14 tender, from 11.94 billion Br two weeks earlier. The National Bank of Ethiopia (NBE) disclosed that a framework for 10- and 15-year government bonds and over-the-counter (OTC) trading is ready. The framework has passed management review, and a fiscal agency agreement has been secured, Eyob Tekalegn (PhD), governor of the National Bank of Ethiopia (NBE), disclosed. T…

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The Reporter31-10-2026

Moscow Summit demands Compensation for Colonial-Era Damages on African Countries

Condemns Western Sanctions, Asset Freezing and Economic Coercion African heads of state and governments, including Ethiopian PM Abiy Ahmed, and Russian leadership have issued a pressing demand for historical accountability, pushing for the creation of binding legal mechanisms to assess and compensate for the extensive economic, social, and structural damages inflicted on African nations during the colonial era. The leaders issued ‘Declaration of the Third Russia-Africa Summi…

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The Reporter31-10-2026

Opposition Parties, UN Agencies Sound Alarm Over Security Incidents, Civilian Safety in Ethiopia

UN agencies report tens of thousands fled to Kenya Opposition political parties and United Nations agencies have voiced mounting concern over civilian casualties, security incidents, and displacement across parts of Ethiopia, urging immediate measures to protect citizens, investigate reported violations, and ensure accountability amid ongoing regional violence. The Ethiopian Citizens for Social Justice (EZEMA), in a statement issued on October 27, expressed concern that the…

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The Reporter31-10-2026

Ethiopia Overtakes Tanzania to Become Top LDC Services Exporter: WTO-OECD Report

Ethiopia has emerged as the largest commercial services exporter among the world’s least-developed countries (LDCs), accounting for 17 percent of the group’s total services exports in 2024, according to a joint report by the World Trade Organization (WTO) and the Organisation for Economic Co-operation and Development (OECD). The milestone marks a dramatic ascent for Ethiopia, whose share more than doubled from seven percent in 2006. The country’s robust growth allowed it to…

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The Reporter31-10-2026

IMF to Review Implementation Schedule for Ethiopia’s New Economic Forecasting Model

The International Monetary Fund (IMF) plans to discuss the implementation timeline for Ethiopia’s new macroeconomic forecasting model with government authorities, as questions remain over the project’s completion following an initial September 2026 target. Ethiopia has been working with the IMF to overhaul its economic forecasting framework through successive rounds of technical assistance dedicated to the Comprehensive Adaptive Expectations Model (CAEM). The government requ…

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The Reporter31-10-2026

Heat Stress Could Cost Ethiopia USD33.3bn in Annual GDP by 2040: ILO Warns

Rising temperatures could cost Ethiopia an estimated USD 33.3 billion in annual gross domestic product by 2040 through reduced labor productivity, according to a new study by the International Labour Organization (ILO), which warns that heat exposure is already adversely impacting employment and economic output. The projected loss is based on a low-emissions scenario and represents the potential annual economic impact over the next decade and a half. Among the six countries…

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The Reporter31-10-2026

Press Freedom Is Not A Luxury!

When Ethiopia enacted its landmark Mass Media Proclamation in 2021, it was widely hailed as a watershed moment for democratic reform in the Horn of Africa. The law was designed to usher in a new era of open civic dialogue, explicitly guaranteeing editorial independence, decriminalizing defamation, and enshrining the longstanding constitutional promise of free expression. Coupled with clear and explicit guarantees under Article 29 of the Constitution and various international…

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Addis Fortune25-10-2026

MIDROC Breaks Ground on a Second Sheraton-branded Hotel

Construction has started on a new Sheraton-branded hotel inside the Sheraton Addis compound, with DEZACON Construction as builder and ZIAS Architecture & Engineering as designer. ORC & SHC are consultants, and ELIMI is the contractor. The International Finance Corporation (IFC), the World Bank Group's private-sector arm, has disclosed proposed financing of up to 80 million dollars for MIDROC Ethiopia Plc to support both projects. The total estimated cost is up to 116 million…

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Addis Fortune25-10-2026

Mastercard Taps the Domestic Market Where Only One Adult in Five Transacts Digitally

Entry into the domestic market would broaden Mastercard's role from international transactions to local payments and financial inclusion. However, much will depend on rules still in draft, from minimum security standards to how financial data is handled. Mastercard is seeking regulatory approval to enter the domestic payments market. The global payments company wants to move beyond cross-border transactions, bringing digital payment technologies and services to farming commu…

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Addis Fortune25-10-2026

Capital Authority, Securities Exchange Spar Over Who Decides Shareholder Rights

As listed banks head into annual general meetings, the Securities Exchange wants the regulator to fix a cut-off date for dividends and votes, while the Authority insists existing rules already assign the job. Banks, particularly listed lenders, are heading into their annual general meetings (AGMs) without a clear answer to a basic question. When shares change hands in the secondary market, who receives the dividend, attends the meeting, votes, and contests a board seat? Exec…

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Addis Fortune25-10-2026

Farm Insurance Retreats as El Niño Advances

FEWS NET, a food-security monitoring network, warned in October that June-to-September rainfall deficits could substantially reduce the 2026 "Meher" harvest, while regional forecasts point to a higher chance of floods in southern Ethiopia between October and December. Parts of Tigray Regional State, the Tekeze River catchment and East and West Hararghe received less than 50pc of normal rainfall, with production losses above 40pc in some locations, according to AGRA's Septemb…

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