The National Bank of Ethiopia has licensed CNETPay Financial Technologies to provide payment gateway and POS services, pending a three-month pilot program.

Bethlehem Gashaw2 min read

Business

Former Ethiopian Airlines CEO Tewolde Gebremariam Appointed CEO of Air India

Tewolde Gebremariam, who led the expansion of Ethiopian Airlines for over a decade, has been named the new CEO and Managing Director of Air India.

Bethlehem Gashaw2 min read

Business

Ethio Telecom, CBE, and Ethiopian Airlines Drive 25% of Ethiopia’s Large Taxpayer Revenue

Ethio Telecom , the Commercial Bank of Ethiopia , and Ethiopian Airlines Group dominated Ethiopia's fiscal landscape in the 2025/26 year, collectively contributing 133.58 billion b...

Bethlehem Gashaw2 min read

Business

Awash Bank Named Ethiopia's Largest Domestic Private Taxpayer

Awash Bank S.C. contributed 15.77 billion birr in taxes during the 2025/26 fiscal year, becoming the only domestically owned private company to rank among Ethiopia's top ten largest taxpayers.

Bethlehem Gashaw2 min read

Tech

Startup Credit Guarantee Fund Reports Zero Defaults on ETB 85.7 Million in Loans

A joint UNDP and Development Bank of Ethiopia initiative has enabled 37 startups to secure financing with no defaults, prompting an extension of the program through the end of 2026.

Bethlehem Gashaw2 min read

Business

Tsedey Bank Reports ETB 4.3 Billion Profit Following Strategic Reforms

Tsedey Bank has significantly improved its financial standing, reporting a pre-tax profit of ETB 4.3 billion and a sharp reduction in its non-performing loan ratio to 6.4% for the 2025/26 fiscal year.

Bethlehem Gashaw2 min read

Business

Ethiopian Shipping and Logistics Posts ETB 28.2 Billion Profit for FY2025/26

State-owned Ethiopian Shipping and Logistics exceeded its annual revenue target, recording ETB 157.2 billion in revenue and a pre-tax profit of ETB 28.2 billion for the 2025/26 fiscal year.

Bethlehem Gashaw2 min read

Business

Development Bank of Ethiopia Secures €31 Million for MSME Lending in Conflict-Affected Regions

The Development Bank of Ethiopia is launching a €31 million concessional loan facility, funded by the EU and KfW, to support small businesses in Afar, Amhara, and Tigray.

Bethlehem Gashaw2 min read

Business

Ethiopian Airlines Reports $9.1 Billion Revenue Amid Fleet Expansion and Global Network Growth

Ethiopian Airlines Group achieved $9.1 billion in revenue during the 2025/26 fiscal year, driven by a 10% increase in passenger traffic and 16% growth in cargo volumes despite rising fuel costs and regional geopolitical challenges.

Bethlehem Gashaw2 min read

Business

Ethiopian Capital Market Authority Approves Nib Insurance Share Registration

The Ethiopian Capital Market Authority has officially registered over 2.8 million shares of Nib Insurance S.C., including both existing holdings and a new offering for current shareholders.

Bethlehem Gashaw2 min read

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NBE Grants CNETPay Payment System Operator License

Former Ethiopian Airlines CEO Tewolde Gebremariam Appointed CEO of Air India

Ethio Telecom, CBE, and Ethiopian Airlines Drive 25% of Ethiopia’s Large Taxpayer Revenue

Awash Bank Named Ethiopia's Largest Domestic Private Taxpayer

Startup Credit Guarantee Fund Reports Zero Defaults on ETB 85.7 Million in Loans

Tsedey Bank Reports ETB 4.3 Billion Profit Following Strategic Reforms

Ethiopian Shipping and Logistics Posts ETB 28.2 Billion Profit for FY2025/26

Development Bank of Ethiopia Secures €31 Million for MSME Lending in Conflict-Affected Regions

Ethiopian Airlines Reports $9.1 Billion Revenue Amid Fleet Expansion and Global Network Growth

Ethiopian Capital Market Authority Approves Nib Insurance Share Registration

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