Tag: Ethiopia

Visa and Bank of Abyssinia expand partnership to boost digital payments
BusinessTechnology

Visa teams with Bank of Abyssinia to drive Africa digital finance

Global payments company Visa Inc. is deepening its presence in East Africa with a renewed agreement with Bank of Abyssinia, a move aimed at widening access to digital payments in Ethiopia.  The deal comes at a time when Ethiopia’s financial system is changing quickly. More people are using smartphones, regulators are opening the sector, and businesses are looking for faster,…

Oluwatosin Alao Oluwatosin Alao
Business

Ethiopia’s richest man, Mohammed Al Amoudi, loses $270 million in 23 days

Ethiopia’s richest man Mohammed Al Amoudi loses $270 million in 23 days as Preem stake revaluation trims his fortune to $9.13 billion.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ethiopian Airlines, Africa’s largest carrier, posts $4.4 billion revenue in H1 2026

Africa’s largest carrier reports $4.4 billion revenue in H1 2026, with strong passenger and cargo growth despite operational challenges.

Omokolade Ajayi Omokolade Ajayi
Hot NewsTourism

Shabeely Resort in Ethiopia highlights nation’s culture and tourism ambitions

Ethiopia’s Shabeely Resort showcases heritage, culture, and leisure with 51 rooms, 3 restaurants, and extensive recreational spaces.

Omokolade Ajayi Omokolade Ajayi
Hot NewsTechnology

Ethiopia joins Africa’s mobile payment boom with 58 million digital wallet users

Ethiopia is emerging as a major mobile payments market, with 58 million digital wallet users and mobile transactions rising sharply.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

East Africa pulls ahead as Africa’s growth leader amid global uncertainty

East Africa is set to lead Africa’s growth in 2026, supported by investment, trade links and steady expansion despite global uncertainty.

Omokolade Ajayi Omokolade Ajayi
A railway bridge stretches across the highlands in northern Ethiopia, part of the Awash–Kombolcha line under modernization efforts
BusinessTechnology

Ethiopia partners with Italy to build East Africa’s top rail hub

At a Glance Ethiopia is taking a decisive step to reassert itself as one of Africa’s leading transport and logistics hubs. In a landmark move, the Ethiopian Railways Corporation (ERC) has signed a framework agreement with Italy’s COIPA Italia to modernize the country’s railway network—beginning with the long-delayed revival of the Awash–Kombolcha line.  The deal, signed in Addis Ababa on…

Oluwatosin Alao Oluwatosin Alao
Ethiopia ACS 2025
BusinessHot News

Ethiopia to host 2025 Africa climate summit on nature

Addis Ababa to lead a second continental gathering spotlighting the green economy, ecological restoration, and climate finance reform.

Timilehin Adejumobi Timilehin Adejumobi
Hot NewsLuxuryTourism

Top 10 luxury hotels in Ethiopia you need to visit in 2025

Ethiopia’s rising hospitality sector offers unmatched comfort and sophistication

Timilehin Adejumobi Timilehin Adejumobi