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.
- Challenges in Ethiopia's Coffee Exports to the EU
Addis Fortune · Ethiopian coffee rarely moves directly from the farm to European markets, instead passing through various collectors, processors, and exporters. New European Commissio…
- IMF Quota Review Could Boost Ethiopia's Global Governance Role
The Reporter · The International Monetary Fund (IMF) is currently conducting its 17th General Review of Quotas to reassess the financial and governance shares of its member countries…
- Ethiopia's Economic Performance Report for First Month of 2017 ECAddis Fortune ·
Ethiopia's economy achieved a growth rate of 9.2 percent for the 2024/25 fiscal year, according to data from the International Monetary Fund (IMF). The Grand Ethiopian…
- FATF Findings Highlight Ethiopia's Financial Regulatory GapsAddis Fortune ·
The Financial Action Task Force (FATF) reported in 2025 that hidden ownership and complex financial structures remain significant methods for evading international san…
- Reframing Success for Interest-Free Banking in EthiopiaAddis Fortune ·
Aminu Nuru argues that Ethiopia's emerging interest-free banking sector needs to redefine its metrics for success. He suggests that simply tracking deposit volumes and…
- Kenya Overtakes Ethiopia as East Africa's Largest Economy
Addis Standard · According to the IMF’s October 2026 World Economic Outlook, Kenya has surpassed Ethiopia to become the largest economy in East Africa in terms of nominal GDP. The shif…
- Dire Dawa Administration Introduces New Fee Rates for Food and Health Services
Tikvah Ethiopia · The Dire Dawa Health Bureau has issued a new service fee directive (Directive No. 20/2019) covering food, medicine, health institutions, and professional licensing. Th…
- Ethiopia's Coffee Traceability System: Capability vs. CoverageAddis Fortune ·
Ethiopian authorities have announced that a new coffee traceability system is now operational and prepared for export standards in Europe. While the technology demonst…
- Critique of IMF-Backed Tax Policies Amid Ethiopia's Economic RealitiesThe Reporter ·
The Reporter Ethiopia highlights concerns regarding the government's aggressive tax revenue mobilization strategy, supported by the IMF. The report critiques plans to …
- The Culture of Suspicion in Ethiopia's Tax SystemAddis Fortune ·
Eden Sahle reflects on a candid conversation regarding the Ethiopian tax system held at an American Embassy conference. She highlights the prevailing frustration among…
- Forex auctions may reduce Birr liquidityAddis Fortune ·
The new forex auction system is expected to ease the pressure on banks to acquire dollars before the October 13 deadline. However, analysts note that wholesale forex s…
- Ethiopia Establishes New Directive for Collective Investment SchemesAddis Fortune ·
The Ethiopian Capital Market Authority (ECMA) has introduced a new directive to regulate collective investment schemes in the country. Officially registered by the Min…
- Interest-Free Banking Industry Growth and ChallengesAddis Fortune ·
The domestic interest-free banking sector in Ethiopia has reached a significant milestone, with deposits surpassing 400 billion Birr. The industry now serves over 33 m…
- National Bank of Ethiopia Joins Pan-African Payment SystemAddis Standard ·
The National Bank of Ethiopia (NBE) has officially joined the Pan-African Payment and Settlement System (PAPSS). This platform was established to simplify and reduce t…
- Pakistan Presses Ethiopia to Expedite Pharma Approvals
Capital Ethiopia · The government of Pakistan has officially requested that Ethiopia expedite regulatory approval processes for its pharmaceutical companies. The negotiations focus on cl…
- Kenya Increases Fuel Prices Following Middle East ConflictAddis Standard ·
Kenya has announced a retail price hike for petrol, diesel, and kerosene. The government cited the ongoing conflict in the Middle East as the primary driver for increa…
- CEMEC: Toward a New Ethical Market Economy for EthiopiaThe Reporter ·
The Ethiopian Reporter has published an article discussing the concept of a new 'Ethical Market Economy' for Ethiopia, referred to as CEMEC. The article analyzes the l…
- Ethiopian Capital Market Authority launches Dangote Refinery share salesCapital Ethiopia ·
The Ethiopian Capital Market Authority has officially launched the sale of shares for the Dangote Oil Refinery. This move marks a significant step in Ethiopia's growin…
- Dar es Salaam Port cargo volume grows by 17 percentThe Reporter ·
Transit cargo passing through Dar es Salaam Port increased by 17 percent to reach 14.61 million tons during the 2025/26 financial year. The surge is primarily driven b…
- Addis Ababa Prepares Hospitality Infrastructure for COP32Addis Fortune ·
Mayor Adanech Abiebie announced that Addis Ababa hosted 700,000 foreign visitors last year, generating 155 billion Birr in economic activity. The city is now preparing…
- National Bank: Ethiopia Prioritizes Sustainable Growth Post-Debt ReliefCapital Ethiopia ·
The Governor of the National Bank of Ethiopia, Mamo Mihretu (referenced as Iyoob Tekalign in text context), addressed the IMF and World Bank annual meetings regarding …
- Global Agencies Downgrade Ethiopia's Credit RatingAddis Fortune ·
Global credit rating agencies S&P, Fitch, and Moody's have updated their assessments regarding Ethiopia's debt obligations as of March 2025. S&P has downgraded Ethiopi…
- Ethiopia's Inflation Rate Rises to 14.9 PercentCapital Ethiopia ·
The Ethiopian Statistical Service has announced that the country's general inflation rate reached 14.9 percent in September 2019 E.C. This figure marks an increase of …
- Ethiopian Railways Ordered to Pay Turkish Contractor $307.6 MillionAddis Standard ·
The London Court of International Arbitration (LCIA) has ordered the Ethiopian Railways Corporation (ERC) to pay Turkish contractor Yapı Merkezi $307.6 million in dama…
- What Modern Leaders Must Do to Survive the Hyper-Information AgeCapital Ethiopia ·
In this article, Gezahegn Anbelu discusses how the landscape of leadership and organizational management in Ethiopia has shifted due to the rapid flow of information. …
- Effective Altruism and the Global EconomyCapital Ethiopia ·
Alazar Kebede examines the contradiction within the global economy, where technological advancement and wealth exist alongside widespread poverty and lack of access to…
- The Necessity of Managers and Leaders in Ethiopian OrganizationsCapital Ethiopia ·
Samson Worku Teshome explores the critical balance between management and leadership within Ethiopian professional settings. Citing Peter Drucker, the article distingu…
- Ethiopian Investment Holdings invests $250M in hospitality infrastructureAddis Fortune ·
Ethiopian Investment Holdings (EIH) is spearheading a $250 million investment in hospitality infrastructure as part of a broader development program. Recently, a 50 mi…
- Women Entrepreneurs Receive Egg Incubators in FuriThe Reporter ·
Four young women entrepreneurs in Furi, a sub-city of Sheger City, have received subsidized grid-tied egg incubators. This initiative aims to provide tangible economic…
- KEFI resumes operations at Tulu Kapi gold projectTikvah Ethiopia ·
KEFI Gold and Copper has announced the resumption of its gold mining project at Tulu Kapi in the Oromia region. The company had previously halted operations due to sec…
- IMF Postpones Ethiopia's Extended Credit Facility Review to 2027The Reporter ·
The International Monetary Fund (IMF) has rescheduled the sixth review of Ethiopia’s Extended Credit Facility (ECF) to November. Following these discussions, the final…
- Ethiopian Investment Holdings and Enterprise AccountabilityCapital Ethiopia ·
Solomon Zena's article argues that while the Ethiopian Investment Holdings' demand for higher productivity and accountability in state-owned enterprises is necessary, …
- MoF to issue 73.23 billion birr in one-year Treasury BillsCapital Ethiopia ·
The Ethiopian Ministry of Finance has announced plans to issue 73.23 billion birr in one-year Treasury Bills (T-Bills). This issuance is part of a broader government s…
- FX auction records higher demand in OctoberCapital Ethiopia ·
Ethiopia’s National Bank recorded a significant increase in demand during its October foreign exchange auction. This surge in demand resulted in bids exceeding the tot…
- Lawyers Challenge Ministry of Finance VAT DirectiveAddis Fortune ·
Lawyers in Ethiopia have formally challenged a directive issued by the Ministry of Finance requiring them to register for Value Added Tax (VAT). The legal professional…
- Addis Ababa Hotels Face Bed Shortage for 2027 Conference AttendeesAddis Fortune ·
Addis Ababa's current hotel infrastructure can only accommodate 25,000 guests, covering just 31% of the estimated 80,000 attendees expected for major conferences in No…
Summaries are written by AI and link to the original reporting.
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