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50,000 Ethiopian refugees flood Kenyan border town as intercommunal violence flares

An estimated 50,000 people have fled renewed intercommunal violence in southern Ethiopia and crossed into northern Kenya, triggering an escalating humanitarian crisis in Moyale,...

Belayneh Kinde, Jamal Ahmed lawsuit withdrawn as sector associations council prepares for re-election

A legal case challenging the election of the Ethiopian Sectoral Associations Council’s leadership has been withdrawn following an agreement with the Ministry of Industry...

Nyala insurance unveils the “NISCO Reimagined” strategy as it celebrates its 30th anniversary

​Nyala Insurance Company S.C. has reported total assets exceeding 7 billion Birr and paid-up capital of more than 2 billion Birr as it marks...

Ethiopia’s OTC market targets 8 securities outside main listing requirements

Ethiopia’s securities market is preparing to accommodate eight securities through an over-the-counter (OTC) market, offering an alternative trading platform for companies that do not...

Dashen Air Pay service officially goes operational to bridge the gap between businesses and customers

​Dashen Bank has officially launched a revolutionary new digital payment solution named “Dashen Air Pay.” Aimed at transforming everyday commercial interactions, the newly introduced...

BitFuFu evaluates terminating $4.1M Ethiopian bitcoin mining deal amid power dispute

Nasdaq-listed Bitcoin mining operator BitFuFu Inc. is reassessing its planned acquisition of an 80-megawatt (MW) mining facility in Ethiopia. The deal has stalled following...

Ethiopia targets 4.4 million off-grid connections under new electrification plan

Ethiopia has officially launched its National Electrification Program 3.0 (NEP 3.0), a strategic national framework aimed at expanding electricity access, improving service reliability, and...

Weighted average dollar rate falls to 159.70 birr in NBE latest auction

Ethiopia’s weighted average exchange rate for successful bids in the foreign exchange auction fell to 159.70 birr per US dollar in the latest round...

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