Heavy Investment Costs Prolong Safaricom Ethiopia’s Wait for First Profit

A 270 percent growth in revenue did not translate to profits for Safaricom Telecommunications Ethiopia, which posted an operating loss of 42 billion Birr in the fiscal year ended March 25, 2025. Its executives say the loss is expected and hope that “strong …

Made in Ethiopia: Unresolved Troubles Dull Manufacturing Gains

Opening the third manufacturing expo under the government’s Ethiopia Tamrit campaign this week, Prime Minister Abiy Ahmed (PhD) made bold claims outlining unprecedented levels of growth in the country’s manufacturing sector.  The PM told his audience, …

Ethiopia's Health Center of Excellence Reaching Regional Milestone, WHO Says

Addis Ababa, May 10, 2025 (ENA) --- The World Health Organization (WHO) has congratulated Ethiopia's recent launch of the Public Health Emergency Management Center of Excellence (PHEM-CoE) as a milestone in regional and global health leadership. …

FASESA, Boeing Continue Education Programme In Nigeria, Ethiopia, Launch In Kenya

LAGOS – The Future African Space Explorer’s STEM Academy (FASESA) and Boeing, have extended the launch of its Pathways to Space’ programme in Nigeria and two other countries in Africa. The programme in its second edition, a statement by Mary Chege, Account …

DHL Ethiopia Workers Union Strikes for Better Pay

Unmet wage demands have prompted a strike at DHL Express offices in Addis Ababa and Hawassa. Tilahun Tadesse, chairman of the DHL Express Ethiopia workers’ union, told The Reporter that the company failed to respond to annual salary adjustment requests put …

Fano forces in the Amhara region of Ethiopia have established a central command

Ethiopia's Economic Growth Spurs Interest from Pakistani Investors: Ambassador Atif Sharif Mian

Addis Ababa, May 9, 2025 (ENA) --- Pakistan and Ethiopia are forging stronger bilateral ties through increased collaboration in key sectors such as aviation, trade, education, and information technology. Atif Sharif Mian, Pakistan’s Ambassador to Ethiopia …

Private Sector Engagement Key to Ethiopia's Benefit from AfCFTA, Says Ministry of Trade and Regional Integration

Addis Ababa, May 9, 2025 (ENA) --- The engagement of private sector could play a critical role for Ethiopia’s optimum gains from the African Continental Free Trade Area (AfCFTA), according to Ministry of Trade and Regional Integration.  State Minister …

Ethiopia moves to lift decades-old law banning foreigners from property ownership

This proposed change that will now enable foreigners to own properties in the country is part of the Ethiopian government’s broader efforts to attract foreign direct investment (FDI) and strengthen property rights. Since Prime Minister Abiy Ahmed came to …

Safaricom defies regional headwinds with 11% profit surge amid Ethiopia expansion

Safaricom’s net profit rose 11% to $540 million in FY2024, driven by Kenya’s strong performance and reduced losses in Ethiopia. Ethiopian operations’ losses decreased by over 50%, contributing nearly 10% to group revenue. Group revenue reached a record $3 …