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 Secures $1.432 Billion in Foreign Direct Investment in Q1
Capital Ethiopia · The Ethiopian Investment Commission (EIC) has released its performance report for the first quarter of the 2019 fiscal year. The commission announced that it successfu…
- Addis-Sharjah Business Forum to Strengthen UAE-Ethiopia Trade RelationsCapital Ethiopia ·
Ethiopia is preparing to host the Addis-Sharjah Business Forum this week. The primary objective of this event is to connect investors and enterprises from Sharjah, Uni…
- African Supreme Audit Institutions Workshop on Accountability Begins in Addis Ababa
ENA · A three-day capacity-building workshop for African Supreme Audit Institutions (SAIs) has commenced in Addis Ababa. Ethiopian Auditor General Meseret Damtie opened the …
- Ethiopian Airlines Signs Codeshare Agreement with China Southern Airlines
Addis Fortune · Ethiopian Airlines and China Southern Airlines have officially signed a new codeshare agreement. This partnership allows both carriers to market and sell flights under…
- NKPI Holding proposes hosting 2027 African Tourism Infrastructure Summit in Ethiopia
Birr Metrics · The Ethiopian Ministry of Tourism and NKPI Holding have held discussions regarding hosting the 2027 African Tourism Infrastructure Summit in Ethiopia. The proposal aim…
- Hibret Bank Begins Construction on 26-Storey Headquarters ExpansionBirr Metrics ·
Hibret Bank has launched the construction of a 26-storey expansion to its existing headquarters, Hibir Tower, located in the Senga Tera area of Addis Ababa. According …
- Ethiopia signs second-phase LNG development deal for Ogaden gas field
Addis Standard · The Ethiopian government has signed a second-phase development agreement for the LNG gas field located in the Ogaden region. This agreement aims to advance the ongoing…
- Airbus Sees Growing Opportunities in Ethiopia and AfricaAddis Fortune ·
European aerospace manufacturer Airbus has identified significant business opportunities in Ethiopia and Africa due to the continent's booming population and expanding…
- Ethiopia Earns $2.3 Billion from Exports in Two MonthsAddis Fortune ·
According to figures released by the Ministry of Trade and Regional Integration, Ethiopia earned 2.309 billion dollars from exports during the first two months of the …
- Ethio Telecom Denies False Rumor Regarding CEO Appointment
Tikvah Ethiopia · Ethio Telecom has officially denied a circulating social media rumor claiming that former Addis Ababa mayor Engineer Takle Uma has been appointed as the company's new …
- AfDB Launches $1.84 Million Project to Support Ethiopian SMEs and Alternative FinancingBirr Metrics ·
The African Development Bank (AfDB) has unveiled a 1.84 million US dollar project, titled "Financing the Missing Middle," aimed at supporting Ethiopian small and mediu…
- Coopbank's CoPay e-Birr reaches 22.3 million usersAddis Fortune ·
The Cooperative Bank of Oromia (COOP) has announced significant growth for its digital wallet service, CoPay e-Birr. According to the bank's latest performance report,…
- IMF-World Bank Bangkok Meetings: Implications for Ethiopia and the Horn
The Reporter · The 2026 IMF and World Bank Group Annual Meetings held in Bangkok have placed a spotlight on Ethiopia's economic trajectory and its engagement with global financial in…
- Ethiopia and Africa's Oil Dependency and Renewable Potential
The Africa Report · This analytical piece discusses how African nations' heavy reliance on fossil fuel imports creates significant economic vulnerability. Countries like Ethiopia, Kenya, …
- AfDB Targets USD 12.6 Billion Lending Goal for 2026The Reporter ·
The African Development Bank (AfDB) has utilized 43.4 percent of its risk capital and 23.4 percent of its statutory lending limit according to a new comparison report.…
- French Retailer Carrefour to Launch Operations in EthiopiaCapital Ethiopia ·
French retail giant Carrefour will officially launch operations in Ethiopia starting December 8, 2024 (Hidar 29, 2017 E.C.), according to a statement by MIDROC Investm…
- Ethiopia’s Renewable Energy Potential Opens New Avenues for African CooperationENA ·
Representatives from the Uganda Solar Energy Association and the Renewable Energy Association of Nigeria highlighted Ethiopia’s renewable energy potential as a catalys…
- Ministry of Finance Targets ETB 134 Billion in Q2 Domestic BorrowingThe Reporter ·
Ethiopia's Ministry of Finance has released its treasury bill auction calendar for the second quarter of the 2019 Ethiopian Fiscal Year. The plan targets a gross issua…
- Ghana set to overtake Ethiopia as Africa’s eighth-largest economyAddis Standard ·
According to recent reports, Ghana is set to overtake Ethiopia as Africa’s eighth-largest economy. This shift in economic rankings follows Kenya’s emergence as the lea…
- Ethiopian Electric Power Accelerates 18 Grid Projects Ahead of COP32Capital Ethiopia ·
Ethiopian Electric Power (EEP) is accelerating the implementation of 18 major electricity infrastructure projects to strengthen the national grid. The initiative is sp…
- Private Higher Ed Institutions Cite Regulatory Burden as Existential ThreatCapital Ethiopia ·
Private higher education institutions in Ethiopia have warned that current regulatory frameworks are creating significant financial pressure on the sector. Institution…
- Ethiopia’s Property Tax Reform Facing Delays, Report SaysThe Reporter ·
Ethiopia’s property tax reform is facing significant implementation delays across the country, according to a recent report by the Institute for Fiscal Studies (IFS). …
- Arifpay and KLIK Investment Partner to Expand Digital PaymentsCapital Ethiopia ·
Arifpay Financial Technologies S.C. and KLIK Investment PLC have formally entered into a strategic partnership agreement. The collaboration is designed to expand the r…
- LCIA Orders ERC to Pay Yapi Merkezi $213.6 Million in Arbitration RulingAddis Fortune ·
The London Court of International Arbitration (LCIA) has ordered the Ethiopian Railways Corporation (ERC) to pay Turkish contractor Yapi Merkezi $213.6 million, plus 9…
- FaydaVerse Begins Charging Banks for Digital ID VerificationCapital Ethiopia ·
FaydaVerse, the institution responsible for Ethiopia's national digital ID, has officially introduced fees for identity verification services used by banks and various…
- African debt restructuring efforts gaining momentumCapital Ethiopia ·
According to a new report by the Global Sovereign Debt Roundtable, African debt restructuring processes are making significant progress. Ghana and Zambia are currently…
- Optasia and ETTA Partner to Expand Credit Access for Ethiopian BusinessesCapital Ethiopia ·
Global fintech company Optasia has announced a new strategic partnership with the Ethiopian technology firm ETTA. The collaboration is designed to enhance financial in…
- IMF Raises Sub-Saharan Africa Growth Forecast Amid Rising Economic RisksCapital Ethiopia ·
The International Monetary Fund (IMF) has released an updated economic growth forecast for Sub-Saharan Africa, projecting a growth rate of 4.5 percent for both 2026 an…
- Ethiopia's IMF Shareholding and Economic Growth AnalysisAddis Fortune ·
Ethiopia's shareholding in the International Monetary Fund (IMF) stands at 300.7 million Special Drawing Rights (SDR), equivalent to approximately 410.3 million dollar…
- United Capital Ethiopia to lead local distribution of Dangote Refinery sharesCapital Ethiopia ·
United Capital Financial Services Ethiopia (UCFS Ethiopia) has been selected as the lead distributor, official stockbroker, and joint issuing house for the initial pub…
- Aliko Dangote to list 10% of Gode Fertilizer on Ethiopian Securities ExchangeThe Reporter ·
Aliko Dangote, the president and chairman of Dangote Group, has announced plans to list at least 10 percent of his Gode fertilizer business on the Ethiopian Securities…
- Ethio Telecom Appoints Tariku Demissie as Acting CEOThe Reporter ·
The Board of Directors of Ethio Telecom has appointed Tariku Demissie as the new acting CEO of the company. This appointment follows the transition of the former CEO, …
- Awash-Kombolcha-Hara Gebeya Railway Project to be Completed in Two YearsCapital Ethiopia ·
The legal dispute between the Awash-Kombolcha-Hara Gebeya railway construction project and the contractor, Yapi Merkezi, has been officially resolved. Following the se…
- Experts warn Ethiopia’s economic reforms risk failure without better implementationCapital Ethiopia ·
Experts have warned that Ethiopia’s economic reform agenda is facing significant risks due to a persistent gap between policy planning and implementation. During a rec…
- Zemen Bank Expands Financial Support for Women-Led SMEsCapital Ethiopia ·
Zemen Bank S.C. is currently in the process of developing new banking products tailored to support small and medium-sized enterprises (SMEs). The initiative specifical…
- Dangote Launches $1.6Bln Global IPO Roadshow in Addis AbabaThe Reporter ·
Executives from Dangote Petroleum and Petrochemicals, alongside African financial leaders and senior Ethiopian government officials, officially launched a $1.6 billion…
Summaries are written by AI and link to the original reporting.
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