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.
- Ethiopia's Capital Market Authority Outlines Custody Framework for Foreign Investors
Addis Fortune · The Capital Market Authority has detailed a strict custody chain framework designed to show regulators exactly who holds security assets in the emerging market. Under …
- Ethiopian Airlines to Resume Daily Durban Flights, Order 10 Boeing Freighters
The Reporter · Ethiopian Airlines has officially announced plans to resume its daily passenger flight services to Durban, South Africa, starting on December 11. This route resumption…
- NBE Pumps Extra $340M into Banking System, Lifting Q2 FX Auctions by 68%
Capital Ethiopia · The National Bank of Ethiopia (NBE) has announced a substantial expansion of its foreign exchange auction schedule for the second quarter of the 2026/27 fiscal year. A…
- New Government Targets 9.62% Tax-to-GDP Ratio Amid Economic ReformsThe Reporter ·
Ethiopia’s newly sworn-in government led by Prime Minister Abiy Ahmed (PhD) has announced plans to raise the country’s tax-to-GDP ratio to 9.62 percent by the 2026/27 …
- Gadaa Bank Launches Digital Onboarding for Remote Account OpeningAddis Fortune ·
Gadaa Bank has officially introduced a new digital service called Gadaa Digital Onboarding. This new platform allows prospective customers residing both within Ethiopi…
- Fine Spinners Targets DRC, Zambia, and Ethiopia in Expansion DriveCapital Ethiopia ·
Fine Spinners Uganda Limited has announced an aggressive African expansion strategy targeting the Democratic Republic of Congo (DRC), Zambia, and Ethiopia. To support …
- African Leaders to Gather in Egypt for Business SummitCapital Ethiopia ·
African leaders are scheduled to gather in Egypt on Friday for a major business summit aimed at strengthening Cairo's influence across the continent. The event, named …
- African Food-System Leaders Back Market-Led Model to Scale Agricultural InvestmentCapital Ethiopia ·
African agriculture and food-system leaders have voiced support for a market-led model designed to scale up agricultural investments across the continent. According to…
- Ministry of Revenue Signs Agreement with Abay Printing for Secure ReceiptsAddis Fortune ·
The Ministry of Revenue has officially signed a cooperation agreement with Abay Printing & Paper Packaging PLC to expand the printing and deployment of secure receipts…
- Coal Mining Operations in Boreda TownAddis Fortune ·
In the small town of Boreda, which is located approximately 404 kilometers south of Addis Ababa, active mining operations are taking place. The highlighted coal mine i…
- Ethiopia Finance Forum 2026 Opens in Addis AbabaAddis Fortune ·
Deputy Prime Minister of Ethiopia, Temesgen Tiruneh, delivered the opening address at the Ethiopia Finance Forum 2026. During the event, he was escorted to the podium …
- Enat Bank Shares Gender Banking Model with African PeersAddis Fortune ·
Enat Bank utilized a gathering of banking leaders from across the African continent last week to showcase its specialized gender-focused banking model. The Ethiopian i…
- Zemen Bank Reports Net Profit of 6.75 Billion BirrCapital Ethiopia ·
Zemen Bank announced that it has registered a net profit of 6.75 billion Birr for the concluded budget year. The financial report was presented during the bank's annua…
- EIH to Develop $55 Million Hilton Garden Inn in Addis Ababa CompoundAddis Fortune ·
Ethiopian Investment Holdings (EIH) has announced the development of a new hospitality project within the existing Hilton Addis Ababa compound. The proposed project fe…
- International Coffee Organization Launches Free Interactive Coffee Data PlatformAddis Fortune ·
The International Coffee Organization (ICO) has officially launched a new, free interactive data tool designed to consolidate key global coffee market statistics into …
- Ethiopia's Headline Inflation Drops to 13.21% in 2025, EEA Study ShowsAddis Fortune ·
Ethiopia’s headline inflation has experienced a significant decline, dropping from a high of 34.04 percent in 2022 to 13.21 percent in 2025, according to a recent stud…
- High Digital Transaction Costs and Fraud Risks Threaten Ethiopia's Financial Inclusion GoalsThe Reporter ·
High digital transaction fees, undisclosed user charges, and unmitigated digital fraud risks are threatening to derail Ethiopia’s push toward universal financial inclu…
- ECMA Drafts Investor Compensation Fund to Attract Foreign CapitalAddis Fortune ·
Foreign portfolio investors in Ethiopia could soon receive compensation for financial losses caused by the failure of licensed capital-market service providers or mark…
- Ethiopia Launches New Trader Guide and Digital Portal to Support AfCFTA TradeCapital Ethiopia ·
Ethiopia is taking concrete steps to streamline cross-border trade under the African Continental Free Trade Area (AfCFTA) by introducing a new comprehensive resource f…
- Africa Electric Mobility Forum Calls for Investment and Regional CooperationCapital Ethiopia ·
Participants at the Africa E-Mobility Week & Forum 2026 (AEWF2026) have emphasized that African countries and regional institutions must move urgently from policy comm…
- Ethiopian Airlines Orders Eight Boeing 777-8 FreightersAddis Fortune ·
African airlines expanded their air cargo capacity far faster than demand growth in August, which pulled down aircraft utilisation despite improvements in the global a…
- IMF Says Foreign Exchange Reforms Do Not Mean Opening Ethiopia's Capital AccountAddis Fortune ·
The International Monetary Fund (IMF) has clarified that Ethiopia's foreign exchange policy reforms do not constitute a full opening of the country's capital account. …
- Goh Betoch Bank Halts Mortgage Lending Due to Structural Liquidity MismatchesThe Reporter ·
Goh Betoch Bank, which operates as Ethiopia's sole specialized mortgage lender, has been forced to halt its long-term mortgage lending operations. The decision came af…
- Ethiopian Mobile Money Wallets Set to Link with PAPSS, Opening African Market AccessCapital Ethiopia ·
Ethiopia's non-bank mobile-money operators and payment-service providers are preparing to integrate with the Pan-African Payment and Settlement System (PAPSS). This ma…
- Ethiopian Tanneries Import Inputs from Chile, India, and BangladeshCapital Ethiopia ·
Ethiopia's leather industry is currently grappling with a critical shortage of raw materials alongside rapidly rising input costs. Despite the country boasting one of …
- Alibaba Market Remains Out of Reach for Ethiopian ExportersCapital Ethiopia ·
Ethiopian exporters have yet to meet the necessary requirements to access Alibaba's global e-commerce platform, according to a report by Samuel Abate. Local businesses…
- Central Bank Weighs Greenfield Entry for First Fully Owned Foreign BanksThe Reporter ·
The National Bank of Ethiopia (NBE) is currently reviewing formal applications from two foreign banking institutions that are seeking to establish fully owned subsidia…
- Addis Ababa Chamber of Commerce and AeTrade Group Sign Partnership AgreementCapital Ethiopia ·
The Addis Ababa Chamber of Commerce and Sectoral Associations has officially signed a strategic agreement with the African Electronic Trade Group (AeTrade Group). The …
- Addis Ababa Revenues Bureau Issues Directive for Taxpayers Without Account Books
Tikvah Ethiopia · The Addis Ababa City Administration Revenues Bureau has officially published a manual detailing operational procedures for taxpayers who are unable to present account …
- Policy and Data Credibility Deficit Threatens Ethiopia's Inflation Fight, EEA Survey FindsThe Reporter ·
A comprehensive expert elicitation survey conducted by the Ethiopian Economics Association (EEA) has uncovered widespread skepticism among economic scholars regarding …
- Oromia Bank Inaugurates 11-Story Mixed-Use Building in Sheger City's Gelan Sub-CityTikvah Ethiopia ·
Oromia Bank has officially inaugurated an 11-story mixed-use building located within its Excellence and Convention Center in Gelan Sub-City, Sheger City. The inaugurat…
- Rising Inflation and Living Costs Become Central Focus of Daily LifeCapital Ethiopia ·
A newly published commentary highlights how the ongoing economic pressures of inflation and rising living costs have become an unavoidable part of daily conversation i…
- Ethiopia Partners with IFC to Establish First Mortgage Refinance CompanyCapital Ethiopia ·
The National Bank of Ethiopia and the International Finance Corporation (IFC) have signed a cooperation agreement to establish Ethiopia's first Mortgage Refinancing Co…
- Ethiopian Gaming Studios Rely Heavily on Foreign Capital, Report ShowsAddis Fortune ·
Ethiopian game development studios are heavily dependent on foreign capital, project investors, and grants to sustain their operations due to a weak domestic market. D…
- NCBA Group Targets Ethiopia and DRC for Regional ExpansionCapital Ethiopia ·
NCBA Group PLC, a major East African financial services conglomerate, has identified Ethiopia and the Democratic Republic of Congo (DRC) as its next primary frontier m…
- Ethiopian Airlines has not yet set a date for resuming flights to MekelleTikvah Ethiopia ·
A senior official from Ethiopian Airlines told Tikvah Ethiopia that the date for resuming flights to Mekelle has not yet been determined. The flights appearing on the …
- Aliko Dangote Discusses African Investment and New Kenya Oil RefineryTikvah Ethiopia ·
Nigerian billionaire Aliko Dangote has urged Africans to take control of the continent's development rather than relying on foreign entities. In an interview with the …
- Ethiopia Wins Bid to Host the 2027 Africa Commerce Convergence SummitCapital Ethiopia ·
Ethiopia has been officially selected to host the 2027 Africa Commerce Convergence Summit (ACCS) in its capital city, Addis Ababa. The official announcement was made d…
- Donor Aid Cuts and Financial Pressure Threaten African Development ProgramsAddis Fortune ·
Takunda Chirau, Steven Masvaure, and Hlanganani Mnguni highlight a growing crisis as donor governments cut aid budgets and multilateral lenders face severe financial p…
Summaries are written by AI and link to the original reporting.
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