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Ethio Telecom, Ericsson Extend Partnership with New Network Expansion Deal
Ethio telecom and Sweden-based telecommunications giant Ericsson are partnering on a network expansion project that will reportedly bring 4G-LTE to more than 100 towns...
Ethiopia Welcomes Turkish President
Recep Tayyip Erdogan, president of Türkiye, arrived in Addis Ababa today for talks with Prime Minister Abiy Ahmed (PhD). Observers expect the talks will revolve...
Eurobond Restructuring Efforts Suffer Major Setback as Creditors Committee Rejects AIP
Ethiopia’s bid to restructure its USD one billion Eurobond debt has suffered a significant setback as its creditors committee rejects an agreement in principle...
IMF’s Abebe Aemro Selassie to Retire in May
Abebe Aemro Selassie is set to part ways with the International Monetary Fund (IMF) in the coming May, retiring from his post at the...
Dashen Bank Catalogues Unprecedented Profit Despite Return of Forex Troubles
Dashen Bank finished the fiscal year with record profits despite registering foreign exchange losses for the fifth time in the past six years. The...
Fed Inks USD 1.5bln Health Cooperation Agreement with Washington
Ethiopia commits to 70bln Birr increase in health spending as part of MoU Ethiopian authorities have signed a memorandum of understanding (MoU) for a USD...
Second VP Placed under House Arrest as South Sudan Threatens to Slip back into Civil War
An estimated 50,000 South Sudanese refugees have arrived in Gambella since March This week saw Benjamin Bol Mel, one of South Sudan’s five vice presidents,...
Safaricom Ethiopia Banks on Breaking Even in 2027, Reports Narrowing Losses
The executives of Safaricom say they are looking to break even on their Ethiopian venture some time in 2027, reporting that Safaricom Telecommunications Ethiopia...
EthSwitch Celebrates Record Revenues as Digital Transactions Surpass ATM Withdrawals for First Time
EthSwitch, the national switch operator, registered a record 2.2 billion Birr in revenues in the 2024/25 fiscal year as person-to-person (P2P) transactions surpassed ATM...
Egypt Ready to Deploy Troops in Somalia under AU Peacekeeping Mission
The Egyptian government is finalizing preparations to deploy military personnel in Somalia as part of the African Union Support and Stabilization Mission in Somalia...
