Ethiopian news in English · Business
The latest news from Ethiopia, from Tikvah, Addis Standard, The Reporter, BBC and more, summarized in English. Updated every 15 minutes.
- FAO Representative Urges African Nations to Adopt Technology to Reduce Crop Loss
Capital Ethiopia · Abebe Haile-Gabriel, FAO Assistant Director-General and Regional Representative for Africa, stated that African countries face food insecurity not only due to producti…
- Ethiopia's Annual Inflation Rate Reaches 14.9% in September
Addis Fortune · According to the Ethiopian Statistical Service (ESS), Ethiopia's annual inflation rate stood at 14.9% in September, a slight decrease from 15.3% recorded in July. Food…
- Federal Government Nearly Doubles Treasury Bill OfferingAddis Fortune ·
The federal government has significantly increased its Treasury bill offering in the latest tender. In the auction held on October 14, the offering was raised to 23.39…
- Emirates Businesswomen Council Eyes New Investment Opportunities in Ethiopia
ENA · The Emirates Businesswomen Council has highlighted growing investment opportunities in Ethiopia, aiming to deepen economic cooperation. Between 2021 and 2025, bilatera…
- Study proposes wind power plants in Gode, Arerti, Mega, and Debre BerhanCapital Ethiopia ·
A new feasibility study has been released for the construction of wind power plants in Gode, Arerti, Debre Berhan, and Mega. These locations were identified as part of…
- Tigray Interim Administration to Resume Civil Servant Salary Payments
Natnael Mekonnen · The Tigray Interim Administration has announced that government employee salaries will resume starting October 30, 2019 E.C. Dr. Tewodros Aregay, the Chief Executive o…
- First Africa Franchise Expo Held in Addis AbabaCapital Ethiopia ·
The first Africa Franchise Expo has been held at the Addis Ababa Hilton Hotel. The event brought together local and international companies, as well as individuals int…
- IMF Warns of Potential El Niño Impact on Ethiopian EconomyAddis Fortune ·
The International Monetary Fund (IMF) has warned that El Niño-related rainfall disruptions could threaten Ethiopia's agricultural output, electricity generation, and i…
- Tax assessment disputes lead to business closures in Addis AbabaCapital Ethiopia ·
Small businesses in Addis Ababa are reportedly closing their shops due to disputes regarding tax assessments and mandatory Value-Added Tax (VAT) registration requireme…
- Ethiopia Seeks $11 Billion for National Electrification PlanCapital Ethiopia ·
Ethiopia is actively seeking nearly $11 billion in funding from the World Bank and other international development partners to support a comprehensive national electri…
- Dashen Bank's profit more than doubles to 15.2 billion birrCapital Ethiopia ·
Dashen Bank has announced a profit before tax of 15.2 billion birr for the fiscal year that ended on June 30, 2026. This figure marks a significant 127.6 percent incre…
- Addis Ababa City Administration Introduces Fees for Tender DocumentsAddis Fortune ·
The Addis Ababa City Administration has implemented a new payment requirement for downloading public tender documents. Following a one-year pilot phase where documents…
- Exchange Rate Discrepancies Across Ethiopian BanksAddis Fortune ·
Last week, significant differences in exchange rates persisted between the Commercial Bank of Ethiopia (CBE) and Oromia Bank. On Saturday, Oromia Bank sold dollars at …
- Ethiopia's WTO accession bid faces critical review in NovemberAddis Fortune ·
Ethiopia's bid to join the World Trade Organization (WTO) will face a critical review at a Working Party meeting scheduled for November 9 and 10, 2026. This session fo…
- Heavy Rains Impact Coffee Harvest in Southwest EthiopiaAddis Fortune ·
Ashabir Haile, a coffee farmer in Gimbo Wereda, Southwest Ethiopia, reports significant damage to his coffee crop due to heavy rainfall during the flowering season in …
- Ethio Telecom Projects ETB 127 Billion Operating Profit
The Reporter · Ethio Telecom has projected an operating profit of ETB 127 billion for the current fiscal year. The state-owned telecom giant plans to disburse ETB 43.1 billion in div…
- World Bank reports widening gap in private capital mobilization for poor nations
Birr Metrics · The World Bank Group announced it mobilized a record 112 billion USD in private capital during the 2026 fiscal year, tripling its 2022 figures. However, the data revea…
- Namibia Denies Leaked Memo Concerning Ethiopian Airlines DealAddis Fortune ·
Namibia's Ministry of Works & Transport officially dismissed a leaked memorandum on September 2, 2026, which suggested that Ethiopian Airlines Group would gain executi…
- Allied Gold Corporation Begins Wet Commissioning at Kurmuk MineCapital Ethiopia ·
Allied Gold Corporation has officially commenced wet commissioning at its Kurmuk Gold Mine project in western Ethiopia. This milestone signals the transition of the si…
- Addis Ababa Revenue Bureau Issues New Tax Audit GuidelineThe Reporter ·
The Addis Ababa City Administration Revenues Bureau has implemented a new desk audit guideline to increase scrutiny of corporate and individual financial records. This…
- OPEC+ Maintains December Production Targets, Delays Key DecisionsBirr Metrics ·
OPEC+ core members have agreed to maintain current oil production targets for December. The decision, involving Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan…
- Israeli Water Expert Sees Ethiopia's Potential as Agricultural SuperpowerENA ·
Ravid Levy, Director of WaterEdge.IL, stated that Ethiopia possesses the potential to become an agricultural superpower if it effectively utilizes its water resources …
- Ethiopian Industries Awarded at Africa Kaizen Awards
Tikvah Ethiopia · Ethiopia has received awards for two of its industries at the Africa Kaizen Award-2026 held in Mauritius. Out of 31 industries from 11 countries that participated in t…
- Danish Diplomat Praises Ethiopia's Energy Sector ProgressENA ·
Thomas Fleurine Sorensen, Counsellor at the Embassy of Denmark in Ethiopia, has praised the country’s progress in renewable energy. Speaking at the Third Ethiopian Wat…
- Africa Energy Bank Established in AbujaBirr Metrics ·
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organisation (APPO) have formally established the Africa Energy Bank. Headquartered i…
- IMF to Review Implementation Schedule for Ethiopia’s New Economic Forecasting ModelThe Reporter ·
The International Monetary Fund (IMF) plans to discuss the implementation timeline for Ethiopia’s new macroeconomic forecasting model with government authorities. Whil…
- Ethiopia Becomes Top Services Exporter Among LDCsThe Reporter ·
Ethiopia has become the largest exporter of commercial services among the world’s least-developed countries (LDCs), capturing 17 percent of the group's total services …
- Ministry of Agriculture Announces Major Irrigated Wheat Production TargetsBirr Metrics ·
Ethiopia's Ministry of Agriculture plans to cultivate 4.5 million hectares of irrigated wheat for the 2026/27 season, targeting a production of 189 million quintals (1…
- Ethiopia Opens 11 New Electric Vehicle Charging StationsTikvah Ethiopia ·
Ethiopian Electric Utility has inaugurated 11 new electric vehicle (EV) charging stations across Addis Ababa and regional cities, increasing the total to 14 stations w…
- Strategies for Africa to Benefit from Mineral ResourcesAddis Fortune ·
Sulaiman Cisse argues that for Africa to effectively benefit from its vast mineral resources, it must prioritize early public investment, establish special economic zo…
- Kenya Ranks Seventh in Africa's Industrial Coverage, Surpassing Ethiopia
Addis Standard · Kenya has secured the seventh position in Africa for industrial coverage, according to John Mukhwana, the country’s Principal Secretary for Industry and Investment. Th…
- Ethiopia's Money Market Faces Divergent Interest RatesAddis Fortune ·
Ethiopia's money market is experiencing significant discrepancies in interest rates this month. Commercial banks are lending to each other for seven days at 13%, while…
- Marriott Drilling Group to drill geothermal wells in Ethiopia next yearAddis Standard ·
Marriott Drilling Group has announced plans to commence drilling exploration wells in the Corbetti Caldera, located near Shashemene in the Oromia region, early next ye…
- Ethiopia to Electrify Strategic Djibouti Trade Corridor with EV InfrastructureCapital Ethiopia ·
Ethiopia is preparing to electrify its strategic trade corridor connecting the country to Djibouti through a multi-million-dollar electric vehicle (EV) infrastructure …
Summaries are written by AI and link to the original reporting.
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