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    Policy caps foreigners’ acquisition in local banks to...

    Local banks have less than one year to prepare Foreign banks are allowed to acquire up to a 30 percent stake in local banks, according to a policy document approved by the Council of Ministers last month and obtained by The Reporter. With an additional five percent stake allowed each for foreign individuals and foreign non-bank investors, the maximum stake local bank can sell to foreigners is capped at 40 percent. Licensing foreign banks and implementation of the policy is slated to kick off in one year's...
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    Interview

    “Conflict always ends in negotiation”

    Yesuf Ibrahim is a founding member of the National Movement of Amhara (NaMA). He worked as the head of the strategic sector in the...

    “Nobody wants a climate resilient, prosperous,...

    Olufunso Somorin (PhD) Olufunso Somorin (PhD), regional principal officer of climate change and green growth for the eastern Africa region at the African Development Bank...

    “If banking was opened up before,...

    Sewagegn Chane is director of the Public Financial Institutions supervisory department at the Public Enterprise Holding and Administration (PEHA), which regulates state-owned enterprises. Sewagegn...

    “We don’t want a price war...

    Anwar Soussa has been the Managing Director (MD) of Safaricom Ethiopia since July 2021. He was the Managing Director of Vodacom DRC and the...
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    Latest Stories
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    Stop weaponizing of the U.N.

    Ever since the start of a brutal war between the government of Ethiopia and the forces of Tigray People’s Liberation Front (TPLF) following the...

    Central bank raises insurers’ minimum paid-up...

    Only seven insurers meet the new threshold The National Bank of Ethiopia (NBE) raised the minimum paid-up capital of insurance firms by six-fold. The revised...

    Officials remain alert as fertilizer prices...

    Officials at the Ministry of Agriculture are worried about the global fertilizer scarcity as the nation becomes unable to endure the increase in the...

    Authority doubles down on media regulations

    Three directives on broadcast media go operational effective this month The Ethiopian Media Authority enacts three directives to regulate the public, community, and commercial broadcast...

    Mining Ministry to allocate scrap metal...

    Decision relieves metal industries from bidding processes Metal producing industries will no longer have to go through bidding processes to source scrap metal products from...

    Ethiopians among 47 people charged in...

    It is the "largest pandemic fraud" in the US Ethiopians are among 47 people who have been charged in connection with a fraud scheme in...

    UN experts’ report raises more questions...

    A startling revelation regarding the war in northern Ethiopia was announced last week by the International Commission of Human Rights Experts on Ethiopia, an...
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    Business

    Policy caps foreigners’ acquisition in local banks to 40 percent

    Local banks have less than one year to prepare Foreign banks are allowed to acquire up to a 30 percent stake in local banks, according to a policy document approved...

    KEFI slates 1 billion birr for resettlement at Tulu Kapi

    TDB and AFC to finance the USD 300 mln project The Tulu Kapi Gold Mines...

    Bill forces mobile money companies to pay a license fee

    Safaricom prepares to switch on Addis in early October The amended National Payment Proclamation requires...

    Agri inputs importers eligible for external loan

    Importers of agricultural machineries and inputs are eligible to access loans from external lenders,...

    Behind Ethiopia’s decision to end banking protectionism

    Commercial banks are mystified by the government's move to end the long-standing state protectionism...

    Art & Entertaiment

    Becoming synonymous: Kitfo central to Meskel celebrations

    On September 27, 2022, 17 days after the Ethiopian New Year, the savory smell of kitfo, burning wood, and the yellow fields of Adey...

    Miss Tourism Africa

    Ethiopia and Africa as a whole have emerged as the origins and symbols of...

    Coffee with a twist

    In and around Addis Ababa, coffee shop culture is currently growing, making it difficult...
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    Politics

    Officials remain alert as fertilizer prices continue to rise

    Officials at the Ministry of Agriculture are worried about the global fertilizer scarcity as the nation becomes unable to endure the increase in the price of the agriculture input...

    Authority doubles down on media regulations

    Three directives on broadcast media go operational effective this month The Ethiopian Media Authority enacts...

    Ethiopians among 47 people charged in alleged USD 250 mln food fraud case

    It is the "largest pandemic fraud" in the US Ethiopians are among 47 people who...

    UN experts’ report raises more questions than answers

    A startling revelation regarding the war in northern Ethiopia was announced last week by...

    Conflict recovery in Benishangul Gumuz to cost 38.5 Billion Birr

    Authorities in Benishangul Gumuz Region are preparing a conflict recovery project that would need...

    Editorial Content

    Stop weaponizing of the U.N.

    Ever since the start of a brutal war between the government of Ethiopia and the forces of Tigray People’s Liberation Front (TPLF) following the...

    A renewed call for peace!

    Calls for an immediate to the third round of...

    Hoping for a happy, peaceful, prosperous New Year!

    As Ethiopians ring in the new Ethiopian year of...

    Countering adversaries through robust diplomacy

    The scope of the fighting between government forces and...
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    የታሰሩት የኦፌኮ አመራሮች እና የኦፌኮ ቅሬታ | አዲሱ የኬንያ ፕሬዘዳንት የሰሜን ኢትዮጵያን ግጭት ለመፍታት... @Ethiopian Reporter / ሪፖርተር
    13:03
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    አብን የህወሃት እጣ ፈንታ ምን ቢሆን ይመርጣል? @Ethiopian Reporter / ሪፖርተር
    32:38
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    ባህላዊ ያማሩ አልባሳት እና የገበያ ዋጋ በዘንድሮ በዓል @Ethiopian Reporter / ሪፖርተር
    30:45
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    "የመስቀል ወፍ" ልዩ የመስቀል በዓል ፕሮግራማችንን ማክሰኞ በሪፖርተር ቲዩብ ይጠብቁን @Ethiopian Reporter / ሪፖርተር
    28:13
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    በኢትዮጵያ ያለው ግማደ መስቀል ወይስ ሙሉ መስቀል? @Ethiopian Reporter / ሪፖርተር
    41:03
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    ታይቶ በማይታወቅ ሁኔታ የቀነሰው የበግ ወጋ @Ethiopian Reporter / ሪፖርተር
    15:23
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    "ለመስቀል አከባበር ከሀገር ቤት የቀረ እንደሞተ ይቆጠራል" ጉዞ ወደ ሀገር ቤት @Ethiopian Reporter / ሪፖርተር
    14:14
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    የመስቀል አገልግሎት ከጥንት እስከ ዛሬ @Ethiopian Reporter / ሪፖርተር
    33:27
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    "የመስቀል ወፍ" ልዩ የመስቀል በዓል ፕሮግራማችንን ማክሰኞ በሪፖርተር ቲዩብ ይጠብቁን @Ethiopian Reporter / ሪፖርተር
    01:26
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    የአብን ፓርቲ አባላት በመንግስት የስልጣን መዋቅር መካተት ያመጣው ጣጣ... | @Ethiopian Reporter / ሪፖርተር
    37:56
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    Global Addis

    Africa’s laborious march...

    Between June 2020 and April 2022, the UN Security Council (UNSC) discussed the situation in Ethiopia 15 times on urgent issues related to the war in northern Ethiopia and...

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