Ethiopia’s Finance Minister Engages in Productive Bilateral Talks with Officials from US State Department

​​​​​​Addis Ababa, April 29, 2025 (ENA)—The Finance Minister of Ethiopia Ahmed Shide and the Ethiopian Ambassador to the United States, Binalef Andualem, held productive bilateral discussions with officials from the US State Department today. On the …

Potential Lessons Ethiopia Can...

The Department of Government Efficiency (#DOGE), is a proposed initiative in the United States championed by figures like Elon Musk and Vivek Ramaswamy, aims to drastically reduce government waste and enhance the efficiency of public spending. DOGE’s …

Boeing expands presence in Africa with office in Ethiopia

Boeing has strengthened its presence in Africa with the opening of a new office in Addis Ababa to serve as the company’s administrative hub in the region. Kuljit Ghata-Aura, president of Boeing Middle East, Türkiye, Africa, and Central Asia, said: “Boeing’ …

Why Ethio Telecom’s IPO Fell Short – A Deeper Look into Ethiopia’s Telecom Liberalization

Ethiopia’s Ethio Telecom IPO has attracted considerable attention, but its performance has been disappointing. It raised only $24.5 million against an estimated $240 million. The underperformance raises pertinent questions about the difficulties of …

Ethiopia Strategic Market for Africa’s Growth

Bitcoin miner Phoenix Group adds 52 MW of mining capacity in Ethiopia

Bitcoin mining firm Phoenix Group announced the addition of 52 megawatts (MW) worth of mining capacity to its capabilities in Ethiopia. According to an April 29 announcement, with this latest addition, Phoenix’s Bitcoin mining capacity in Ethiopia reaches …

Wang Yi: China welcomes Ethiopia's greater role on international stage

China welcomes Ethiopia playing a greater role on the international and regional stage and contributing more to the development and revitalization of the African continent, Chinese Foreign Minister Wang Yi said on Monday. Wang, also a member of the …

Ethiopia Emerging as Startup, Technological Innovation Hub

Addis Ababa, April 29, 2025 (ENA) -- Ethiopia is rapidly positioning itself as a hub for startups and technological innovation, driven by coordinated efforts from both the public and private sectors, Minister of Innovation and Technology Belete Mola said. …

Ethiopia's Amhara Region Making Strides toward Peace, Development: Chief Administrator  

Addis Ababa, April 29, 2025 (ENA)— The Amhara region has been currently making strides toward peace and development, Chief Administrator of the region, Arega Kebede revealed. Chief Administrator Arega spoke with ENA about the region's current situation …

Ethiopia’s eQUB is bringing group-based credit and savings accounts into the modern era

Ethiopian fintech startup eQUB is bringing group-based credit and savings accounts into the modern era via its digital platform. Founded in 2020 by Alexander Hizikias, eQUB was born from a “deep understanding of Ethiopia’s informal finance culture and a …