The group behind Shop Circle launches Circeus as its holding company brand, backed by a new equity investment from the EBRD. Shop Circle continues as the group’s retail and commerce software division. The investment will accelerate the deployment of AI across the portfolio and fund the continued acquisition of the software businesses that power the […]
Month: June 2026
Saudi Companies Express Interest in Investing in Ethiopia
Addis ababa: Saudi Arabia-based Jo Drinks Factory and Soil Roasters, companies operating in different sectors, have expressed their interest in investing in Ethiopia. A high-level Ethiopian diplomatic delegation led by Deputy Head of Mission at the Em…
Ethiopia and Italy Sign £70 Million Concessional Loan Agreement for Development Policy Operation
Addis ababa: Ethiopia and Italy have today signed a £70 million concessional budget support loan to be utilized for the third Development Policy Operation (DPO3), which will be aligned with financing to be obtained from the World Bank. The agreement w…
Ethiopian National Quality Management Capacity Enhancement Project Launched to Boost Agro Competitiveness
Addis ababa: The Ministry of Trade and Regional Integration, in collaboration with the Korea International Cooperation Agency (KOICA) and the Korean Technical Cooperation (KTC), inaugurated a five-year initiative today. This initiative, named the ‘Eth…
Ethiopia Advances Nat’l Electrification Roadmap to Achieve Universal Energy Access by 2035
Addis ababa: Ethiopia has advanced discussions on its National Electrification Program (NEP 3.0), bringing together government institutions, development partners, the private sector, and international stakeholders. The discussions aimed at charting a …
EU Delegation Expresses Concern over TPLF’s Military Conscription in Tigray Region
Addis ababa: The European Union (EU) Delegation to Ethiopia has expressed deep concern over the deteriorating security and political situation in northern Ethiopia as growing reports indicate that the TPLF hardliner leadership is propagating another e…