Banks have indicated that the recent relaxation of the credit growth cap is expected...

The Ministry of Finance has confirmed the full implementation of a combined 30 percent...

The Ethio-Djibouti Railway (EDR) SC is undergoing a significant transformation into a holding company, driven by a newly secured World Bank project. This strategic shift positions the railway operator as a vital contributor to engineering and human development within Africa's transport sector. CEO Takele Uma announced this initiative during the launch of EDR's first privately financed railway project, a three-kilometer line in Gelan. He emphasized the company's renewed focus on three core areas: railway operations, global logistics, and a newly created engineering business division. In addition to its primary railway operations, EDR has expanded into logistics with the establishment of EDR Global Logistics, a division dedicated to multimodal cargo transport. "This is a natural evolution for us," Takele stated. "We are upgrading to a holding company to better manage our expanding portfolio. Our engineering division will focus...

Addis Ababa this week hosted a high-level gathering that leaders and economists described as...

Etihad Airways, the national airline of the United Arab Emirates, has introduced a new...

Social media platforms have surged in popularity, far surpassing traditional media outlets, especially among young people and digital natives....

Ethiopia is on the verge of a major economic milestone: joining the World Trade Organization (WTO), the global body...

In recent months, Ethiopia has witnessed a disturbing surge in the arrests of journalists, media professionals, and human rights...

The world’s persistent neglect of Palestinian statehood and the unbearable conditions imposed by Israeli forces have created one of...