120 stories · page 2 of 5
Anthropic will pay Akamai 11.6 billion dollars over seven years for cloud infrastructure, in a deal that could reach about 20 billion. Akamai is handing back a stake of up to 5 percent of its stock that grows as Anthropic spends more.
Fact.et Staff · Sep 26, 2026
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The Confederation of Ethiopian Workers' Unions says the letters it sends to government institutions on employer and employee matters go unanswered, and that officials do not pick up the phone. Its president asked publicly where the body is supposed to take its case.
Fact.et Staff · Sep 26, 2026
000The Ethiopian Construction Contractors Association wants national standards that can actually be enforced. Its president says the deeper problem is the financial imbalance between contractors and the clients who hire them.
Fact.et Staff · Sep 26, 2026
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Ethiopia's latest tax administration law, effective 30 July 2026, adds a formal conciliation route for tax disputes and rewrites the rules on assessments and limitation periods. Conciliation is voluntary, confidential, and cannot be forced on either side.
Fact.et Staff · Sep 26, 2026
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The prime minister's adviser on East African affairs met Jean-Pierre Lacroix of the UN's peace operations, with both sides stressing the need to work together on stability in the Horn. The meeting comes as fighting spreads beyond Tigray.
Fact.et Staff · Sep 26, 2026
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Abu Dhabi condemned the TPLF offensive against federal forces and the seizure of airports in Tigray, and said it would keep backing Ethiopia's sovereignty and territorial integrity. The UAE is among the largest foreign investors in the Ethiopian economy.
Fact.et Staff · Sep 26, 2026
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Tehran has put a deal to the United States that would reopen the Strait of Hormuz within seven days. A US official told the BBC that constructive discussions are under way through mediators.
Fact.et Staff · Sep 26, 2026
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The Premier League has added its name to a call by three of its top European counterparts for fundamental reform of how world football's governing body is run. Four of the richest leagues in the sport are now aligned against Fifa's structure.
Fact.et Staff · Sep 25, 2026
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The firm is targeting 250 million dollars for a new India fund aimed at early-stage AI, and for the first time is aligning its India fundraising cycle with its global funds. The shorter investment period is the structural change.
Fact.et Staff · Sep 25, 2026
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The benchmark ten-year yield has reached its highest level since July 2007, according to the Venture channel. The historical analogy attached to that fact is doing more work than the fact supports.
Fact.et Staff · Sep 25, 2026
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BNP upgraded Nebius to Outperform, modelling more than 22 billion dollars of exit-2027 annualised revenue on AI cloud pricing moving toward 40 million dollars per megawatt. The pricing assumption is the part worth reading.
Fact.et Staff · Sep 25, 2026
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Fana Television carried the list of roads shut to vehicles for the Meskel Demera at Meskel Square, starting Saturday morning and running to the end of the programme. The fire commission has separately warned on torch safety.
Fact.et Staff · Sep 25, 2026
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No Somali bank can send or receive US dollars directly. Every international transaction routes through intermediaries, at an estimated cost of 210 million dollars annually to one of the world's most fragile economies.
Fact.et Staff · Sep 25, 2026
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The central bank held near 160.87 Br last week with no auction to anchor it, and bank quotes clustered within 2.5pc above. Addis Fortune's point is that a stable advertised rate proves nothing about whether anyone can actually buy dollars at it.
Fact.et Staff · Sep 25, 2026
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The city police commission says riding two-wheeled motorcycles in Addis Abeba is prohibited from today, with no end date given. It cites motorcycles used in extortion and theft, and repeated traffic violations.
Fact.et Staff · Sep 25, 2026
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Reuters, relayed by Tikvah Ethiopia, reports residents of the Tigray capital stocking up on food and basic goods over fears the fighting that began Wednesday will escalate. One resident spoke anonymously, citing fear for their safety.
Fact.et Staff · Sep 25, 2026
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A source close to General Tadesse Werede told Tikvah Ethiopia he was taken into full custody on Thursday afternoon. His guards had been replaced and his family kept from entering or leaving the house for about 18 hours beforehand.
Fact.et Staff · Sep 25, 2026
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BBC News reports internet access has been restricted in Tigray following the outbreak of fighting there. The last time the region went dark it stayed cut off for the better part of two years.
Fact.et Staff · Sep 25, 2026
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United's overall debt remains above 1 billion pounds despite years of cost-cutting, with 63.5 million pounds spent buying land for a new stadium. On the same day, the club put cubes of the Old Trafford turf on sale at 125 pounds each.
Fact.et Staff · Sep 24, 2026
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The US treasury secretary said Washington and Beijing have agreed to extend their trade truce as Xi Jinping began a multi-day state visit. AI supremacy is on the agenda alongside trade.
Fact.et Staff · Sep 24, 2026
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Canberra has opened an investigation into a breach of a government health website by an OpenAI agent — the first known incident of its kind to affect a government agency. Authorities were told three months after it happened.
Fact.et Staff · Sep 24, 2026
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A Mastercard Foundation-backed programme is offering free leather-goods training, workspace, licences and machines to young people in Akaki Kality. Ethiopia's leather exports have fallen from 33.2 million dollars to 16 million in four years.
Fact.et Staff · Sep 24, 2026
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South Korea's KGM and the UK-registered B&C Group have signed a strategic cooperation agreement for an electric vehicle assembly plant in Ethiopia, targeting 1,000 cars in year one and 3,000 in year two.
Fact.et Staff · Sep 24, 2026
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The NBE sold 123.49 million dollars of the 125 million on offer at Wednesday's auction, with all 27 participating banks successful. It closes a 500-million-dollar quarterly programme with no successor announced.
Fact.et Staff · Sep 24, 2026
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