Sunday, October 5, 2025

Staff Reporter

Aqua for All and Bunna Bank partner to revolutionize financing in the water, sanitation, and hygiene sector

A major new partnership between international water and sanitation organization Aqua for All and Bunna Bank aims to transform access to clean water and...

Access to agricultural advisory services plummets, threatening climate resilience and transformation goals

Access to agricultural advisory services plunged after the phase-out of the Major Agricultural Growth Programme (AGP), posing a significant threat to Ethiopia’s agricultural transformation...

Wegagen Capital Investment Bank unveils strategic expansion into wealth management, ESG products

Wegagen Capital Investment Bank (WCIB), Ethiopia's first licensed private investment bank, announced plans to expand its services into wealth and portfolio management, alongside launching...

Finance Ministry halts tax decision affecting juice manufacturers

The Ministry of Finance (MoF) has suspended a tax authority decision that would have required fruit drink manufacturers to settle years of unpaid excise...

Banks skeptical as NBE loosens credit growth cap

Banks have indicated that the recent relaxation of the credit growth cap is expected to have minimal impact on their operations. At the same...

Ministry of Water and Energy rejects Egypt’s claims on GERD impact

The Ministry of Water and Energy (MoWE) has strongly dismissed recent accusations from Egypt concerning the Grand Ethiopian Renaissance Dam (GERD), labeling them...

BoA reports record profit with 50% rise in earnings per share

Bank of Abyssinia (BoA) has achieved remarkable financial growth for the fiscal year ending June 30, 2025, solidifying its status among Ethiopia's top private...

Private sector cooperation strengthened to boost trade along Djibouti-Ethiopia Corridor

By our staff reporter A significant step has been taken to enhance trade facilitation and logistical efficiency on the vital Djibouti-Ethiopia corridor, with the launch...

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