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.
- FX Volatility and Capital Pressures Mount for Ethiopian Enterprises
Capital Ethiopia · Ethiopian enterprises, particularly those dependent on imports, are encountering significant working-capital pressures following recent macroeconomic and foreign-excha…
- Garment industry workers face challenges due to low wagesCapital Ethiopia ·
A new study reveals that workers in Ethiopia's textile and garment sector are struggling with low and inconsistent wages. The report highlights that pay scales vary si…
- Ethiopia Faces Sharp Rises in Fuel and Fertilizer Costs
Addis Fortune · Ethiopia is experiencing significant economic pressure due to rising global commodity prices, specifically fuel and fertilizer. Regulated retail petrol prices have sur…
- China Southern Airlines Launches New Guangzhou-Addis Ababa Route
Addis Standard · China Southern Airlines has officially inaugurated a new passenger air service connecting Guangzhou, China, and Addis Ababa, Ethiopia. The route includes a stopover at…
- Ethiopia's First Philips Smart Light Hub Opens in Addis AbabaAddis Fortune ·
Ethiopia's first Philips Smart Light Hub has officially opened in Addis Ababa. This new facility aims to provide advanced lighting solutions tailored for both resident…
- Ethiopian Pharmaceuticals Supply Service Repeals Three Directives
The Reporter · The Ethiopian Pharmaceuticals Supply Service (EPSS) has repealed three existing directives that previously governed pharmaceutical warehousing, distribution, and procu…
- Airbus Forecasts 150% Rise in Per Capita Air Travel in EthiopiaCapital Ethiopia ·
According to the Airbus Global Market Forecast (GMF) 2026, per capita air travel in Ethiopia is expected to rise by 150 percent over the next two decades. The report i…
- Ethiopia Imposes Strict Rules on Dangote Petroleum Securities OfferCapital Ethiopia ·
The Ethiopian Capital Market Authority (ECMA) has issued strict investor eligibility and marketing requirements regarding the proposed offering of Dangote Petroleum an…
- IMF Warns of Inflation and External Account Risks Despite Ethiopia’s Growth OutlookCapital Ethiopia ·
The International Monetary Fund (IMF) has released its October 2026 World Economic Outlook, projecting a strong growth trajectory for Ethiopia. However, the report cau…
- Prime Real Estate Inaugurates Bole Millennium Plaza Apartment ProjectCapital Ethiopia ·
Prime Real Estate officially inaugurated its Bole Millennium Plaza apartment project on October 12, 2026 (Tikimt 2, 2019 E.C.). The company held an inauguration and ke…
- New Gold Refinery in Ethiopia with 600-Ton Annual Capacity Inaugurated
BBC Afaan Oromoo · Ethiopia has inaugurated a modern gold refinery in the Bole Lemi Industrial Zone, capable of processing over 600 tons of precious metals annually. The project is a joi…
- Kenya's President William Ruto's promotion of water buffalo milk sparks debateBBC Afaan Oromoo ·
Kenyan President William Ruto has proposed water buffalo milk as a solution to the country's ongoing dairy supply shortages. The suggestion caused confusion on social …
- Ethiopia’s economic growth outlook improves despite persistent inflation and job challengesCapital Ethiopia ·
Ethiopia’s economic growth outlook is strengthening due to recent reforms, increased investment, and a more favorable business environment that supports activities bey…
- Zemen Bank Reports Significant Asset and Profit GrowthCapital Ethiopia ·
Zemen Bank S.C. has released its financial report for the fiscal year that ended on June 30, 2026. The bank announced a 31.9 percent growth in its total assets, reachi…
- Engineers Urge Shift to Local Agricultural Machinery ManufacturingCapital Ethiopia ·
Ethiopian agricultural engineers are advocating for increased investment in domestic manufacturing and assembly of farm machinery. They argue that the country's curren…
- KEFI resumes Tulu Kapi gold project developmentCapital Ethiopia ·
KEFI Gold and Copper has officially resumed development activities at the Tulu Kapi Gold Project in Ethiopia. The project, which serves as the company's flagship asset…
- CBE Reduces Non-Performing Loan Ratio to 2.15%The Reporter ·
The Commercial Bank of Ethiopia (CBE) has successfully reduced its Non-Performing Loan (NPL) ratio to 2.15 percent for the 2025/26 fiscal year. This performance is not…
- Ethiopian Agricultural Bank to Commence Operations within Three MonthsCapital Ethiopia ·
The Ministry of Agriculture has announced that the newly established Ethiopian Agricultural Bank is set to begin official operations within the next three months. The …
- NBE Plans Tax Reform to Boost Interest-Free FinanceThe Reporter ·
The National Bank of Ethiopia (NBE) has unveiled a new strategy aiming to reform the national tax framework to support interest-free finance. The proposed changes are …
- Price Caps Imposed on Bottled Water in Welkite City
Tikvah Ethiopia · The Welkite City Trade and Market Development Office has imposed price caps on bottled water due to excessive price hikes exploited from water shortages. Two-liter, on…
- WTO Raises Global Merchandise Trade Forecast for 2026Addis Fortune ·
The World Trade Organization (WTO) has revised its 2026 global merchandise trade growth forecast to 3.9 percent, up from the previously projected 1.9 percent. This gro…
- African Union Launches African Credit Rating Agency (AfCRA)Addis Fortune ·
The African Union officially launched the African Credit Rating Agency (AfCRA) on October 7, 2026, in Port Louis, Mauritius. The agency is headquartered in Port Louis …
- National Bank of Ethiopia Schedules Forex Auctions Through DecemberAddis Fortune ·
The National Bank of Ethiopia (NBE) has announced a series of six foreign exchange auctions, each valued at 140 million dollars, scheduled to take place throughout the…
- Djibouti Ports Face Rising Operational Costs Due to Red Sea CrisisCapital Ethiopia ·
Djibouti's port sector is seeing increased activity due to ongoing geopolitical tensions in the Red Sea disrupting major global shipping routes. While transshipment vo…
- Ethiopia Returns USD 109 Million in Unspent World Bank LoanThe Reporter ·
Ethiopia has officially cancelled and returned approximately USD 108.9 million in unwithdrawn World Bank credits. This decision follows the completion of the Modjo-Haw…
- Unfinished buildings in Ethiopia to host COP32 delegatesAddis Fortune ·
Organizers of the 32nd United Nations Climate Change Conference (COP32) are planning to utilize unfinished residential projects in Addis Ababa, Bishoftu, and Adama as …
- Bank of Abyssinia Reports 56.9% Profit Surge for 2025/26Addis Fortune ·
Bank of Abyssinia reported a pre-tax profit of 15.85 billion Birr for the 2025/26 fiscal year, marking a 56.9% increase. During the annual shareholders' meeting held a…
- Zemen Bank Share Profits and Non-Performing Loan StatusCapital Ethiopia ·
Zemen Bank President Ato Dereje Zebene has provided insights into the bank's financial performance. The discussion centers on the returns generated per share for the b…
- Ethiopia Allows State Enterprises to Write Off Decade-Old ReceivablesThe Reporter ·
The Ethiopian Ministry of Finance has issued Directive No. 1151/2026, creating a legal framework for state-owned enterprises to clean up their balance sheets. The new …
- Muger Cement Factory Urged to Reform Following Market Share DeclineCapital Ethiopia ·
Muger Cement Factory, a long-standing key player in Ethiopia's construction sector, is facing calls for urgent reform. Reports indicate that the state-owned enterprise…
- Addis Ababa Revenue Bureau Issues Notice to Warehouse LessorsTikvah Ethiopia ·
The Addis Ababa Revenue Bureau has issued a formal notice directed at all private limited company (PLC) warehouse lessors operating within the city. This notification …
- UNCTAD Warns of Sharper Global Economic Slowdown by 2026Capital Ethiopia ·
The United Nations Trade and Development (UNCTAD) has released its 2026 Trade and Development Report, warning of a significant economic slowdown. Global growth is proj…
- Captain Tefera Kassa Appointed CEO of Ethiopian Maritime Transport and LogisticsCapital Ethiopia ·
Captain Tefera Kassa has been appointed as the new Chief Executive Officer of Ethiopian Maritime Transport and Logistics (EMTL). He replaces Engineer Abdulber Shemsu, …
- Ethiopian Airlines Pays USD 6 Million for Carbon CreditsThe Reporter ·
Ethiopian Airlines reported a payment of USD 6 million for carbon credits during the 2025/26 fiscal year. CEO Mesfin Tasew disclosed this figure while addressing the f…
- Oromia Bank Announces Total Assets Reach 105.7 Billion BirrCapital Ethiopia ·
Oromia Bank held its 17th regular and 6th extraordinary general assembly for shareholders. During the meeting, the bank announced that its total assets have reached 10…
- Ethiopian Government Takes Over Awash–Kombolcha–Hara Gebeya Railway ProjectThe Reporter ·
The Ethiopian government has officially taken over the restoration of the stalled Awash–Kombolcha–Hara Gebeya railway line project. The Ethiopian Railways Corporation …
- Oromia Bank Reports 49% Profit Surge to 3.82 Billion BirrCapital Ethiopia ·
Oromia Bank has announced a 49% increase in pre-tax profit for the 2025/2026 fiscal year, reaching 3.82 billion Birr. This financial achievement comes despite signific…
Summaries are written by AI and link to the original reporting.
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