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.
- Development Bank of Ethiopia Plans Restructuring and Wholesale Finance Framework
Birr Metrics · The Development Bank of Ethiopia (DBE) is preparing to restructure its operations and establish a comprehensive wholesale development finance framework with support fr…
- Corporate Demand Could Support Up to 1.9 Million Tonnes of SAF by 2030
Capital Ethiopia · A new study released by the International Air Transport Association (IATA), Airbus, and Accenture projects that corporate demand could support between 1.0 million and …
- Megech Irrigation Dam Project Inaugurated
Tikvah Ethiopia · The Megech irrigation dam project, which has been under construction for 18 years, has been officially inaugurated. Located around Gondar, the project is expected to p…
- National Bank of Ethiopia Forex Auction Results
Addis Fortune · The National Bank of Ethiopia conducted a foreign exchange auction on October 13, 2026, allocating 140 million dollars against a total bid demand of 152.09 million dol…
- ZamZam Bank and Amio Engineering PartnershipAddis Fortune ·
ZamZam Bank and Amio Engineering have officially launched a partnership focused on supporting agricultural development through Musharaka financing. The inauguration ce…
- Energy Authority Mandates Contractual Clearance for Fuel Stations Switching SuppliersBirr Metrics ·
The Petroleum and Energy Authority has mandated that fuel stations must obtain contractual clearance from their current distributors before they can switch to new supp…
- Ethiopian Securities Exchange Admits Ninth Trading MemberBirr Metrics ·
The Ethiopian Securities Exchange (ESX) has admitted Prize Worth Investment Bank S.C. as its ninth trading member. The bank officially received its membership certific…
- Meat prices surge in Addis Ababa and surrounding areas
BBC Afaan Oromoo · Meat prices in Addis Ababa and Adama have surged significantly, causing public frustration and a decline in consumer demand. Addis Ababa residents report that prices h…
- Addis Ababa Revenue Bureau Issues New Desk Audit GuidelinesTikvah Ethiopia ·
The Addis Ababa Revenue Bureau has unveiled new desk audit guidelines for the 2018 fiscal year to improve tax collection efficiency and transparency. Under the new rul…
- Dashen Bank, Mastercard, and ShebaMiles Launch New Platinum CardCapital Ethiopia ·
Dashen Bank, in partnership with Mastercard and Ethiopian Airlines’ ShebaMiles loyalty program, has officially launched a new platinum co-branded debit card. This fina…
- Tax deadline approaching for Category A taxpayersTikvah Ethiopia ·
The Ministry of Revenues of Ethiopia has issued a reminder that the deadline for Category A taxpayers to file their 2018 E.C. tax returns is approaching. The final dat…
- Ethiopian restaurant and hotel prices see sharp monthly surgeAddis Fortune ·
According to the latest data from the Ethiopian Statistics Service, the monthly price increase for restaurant and hotel services surged significantly in September. Thi…
- KNCCI Convenes Africa Commerce and Industry Summit 2026 in NairobiCapital Ethiopia ·
The Kenya National Chamber of Commerce and Industry (KNCCI) has officially convened the Africa Commerce and Industry Summit (ACIS) 2026 at the Uhuru Gardens National M…
- Modjo Logistics Hub Upgrading Trade Infrastructure
The Reporter · The Modjo Logistics Hub (MLH) is evolving beyond traditional dry port operations to provide the robust infrastructure required for the African Continental Free Trade A…
- IMF Projects Increase in Ethiopia's Reserve CoverAddis Fortune ·
The International Monetary Fund (IMF) projects that Ethiopia's foreign exchange reserve cover will reach 2.7 months of imports in the 2025/26 fiscal year, an increase …
- Kenya Overtakes Ethiopia as East Africa's Largest EconomyAddis Fortune ·
According to IMF projections, Ethiopia's economy is expected to grow by 9.2% this year, which is double the sub-Saharan Africa average. However, the Ethiopian Birr's d…
- Hibret Bank Reports Profit Growth and Operational Expansion for FY 2026Birr Metrics ·
Hibret Bank announced a pre-tax profit of 5.46 billion Birr for the fiscal year ending June 30, 2026, marking a significant increase from the previous year. Board Chai…
- Taranis Acquires Majority Stake in 50MW Corbetti Geothermal Project
Addis Standard · London-based impact investor Taranis has acquired a majority stake in Ethiopia’s 50 MW Corbetti geothermal project. The company has committed up to 27 million US dolla…
- Development Bank of Ethiopia Launches Tender for Electric Vehicle FleetBirr Metrics ·
The Development Bank of Ethiopia (DBE) has launched a tender to acquire a fleet of electric and hybrid vehicles to replace conventional ones. The procurement includes …
- Ethiopia's real estate sector flagged for money laundering and terror financing risksBirr Metrics ·
Ethiopian officials have warned that the country's expanding real estate sector is highly vulnerable to money laundering and terror financing. A risk assessment study …
- Addis Ababa Administration announces measures to curb rising living costsBirr Metrics ·
The Addis Ababa City Administration has allocated an additional 500 million birr in revolving funds to consumer cooperatives to combat rising prices for essential good…
- Lagos' Night Economy: Insights and Challenges
The Africa Report · Lagos, Nigeria, boasts a vibrant night economy that extends far beyond entertainment venues to include logistics, payments, and hospitality. Estimates suggest the city…
- Yapi Merkezi Lawsuit Narrowed to Ethiopian Railway CorporationAddis Fortune ·
The lawsuit filed by construction firm Yapi Merkezi against the Ethiopian ministries of Transport & Logistics and Finance, as well as the Ethiopian Railway Corporation…
- Horticulture sector generates over half a billion dollars annuallyCapital Ethiopia ·
The Ethiopian Horticulture Producer and Exporter Association announced that the horticulture sector is generating over half a billion dollars in annual revenue. Vice P…
- The State of Meat and Milk Consumption in EthiopiaThe Reporter ·
Although Ethiopia possesses abundant livestock resources, its per capita meat and milk consumption remains significantly low. Over 50 million people rely on the livest…
- Kacha and Mastercard Sign Five-Year Strategic PartnershipAddis Fortune ·
Kacha Digital Financial Service S.C. has signed a five-year strategic partnership agreement with Mastercard. The deal allows Kacha to issue payment cards directly to i…
- Ethiopia Reaches Deal with Bondholders on Debt RepaymentAddis Fortune ·
Ethiopia has reached an agreement to pay 99.375 million dollars to cover three missed interest payments on its international bonds. The deal includes a 0.5 percent con…
- Expert Highlights Role of International Cooperation in Enhancing Ethiopia's Audit Quality
ENA · Muhammed Dabo, a Senior Manager at the INTOSAI Development Initiative (IDI), stated that international cooperation is essential for Ethiopia to enhance its public audi…
- IMF Plans to Increase Ethiopia's Quota ShareAddis Fortune ·
The International Monetary Fund (IMF) has proposed increasing Ethiopia's quota share to 451.1 million SDR, equivalent to approximately 613.5 million dollars. Quota sha…
- Ethiopia's debt crisis: Beyond financial aidCapital Ethiopia ·
Ethiopia's ongoing debt crisis cannot be resolved solely through large-scale financing packages. While billion-dollar injections provide temporary relief for foreign c…
- Commercial Bank of Ethiopia Adjusts Forex Buying RatesAddis Fortune ·
The Commercial Bank of Ethiopia (CBE) adjusted its foreign exchange buying rates upward throughout the past week. Starting from 160.23 Br on Wednesday, the bank increa…
- Property Investment and EntrepreneurshipCapital Ethiopia ·
Alazar Kebede discusses the increasing challenges of starting a new business in the current economic climate. Rising costs, limited access to finance, and general econ…
- Ethiopia-UAE Trade Deficit Hits $3.2 Billion Over Five YearsBirr Metrics ·
Ethiopia recorded a $3.2 billion merchandise trade deficit with the United Arab Emirates between 2021 and 2025, according to the Ministry of Trade and Regional Integra…
- US FAA Clears Boeing 737 Max 10 for Passenger ServiceAddis Standard ·
The US Federal Aviation Administration (FAA) has officially approved Boeing’s 737 Max 10 for passenger service, marking a major milestone for the manufacturer. This re…
- Kenya plans tax cuts for low-income earnersCapital Ethiopia ·
The Kenyan government has drafted a bill to reduce income taxes for low-wage earners. President William Ruto stated that the initiative aims to alleviate the cost-of-l…
- Ethiopia’s coffee exports at risk from EU deforestation regulationsCapital Ethiopia ·
A new study by ODI Global warns that Ethiopia risks losing up to $453 million in coffee export revenue due to stringent new European Union environmental regulations. T…
- Canadian firm Sun Peak Metals raises over 11 million CAD for Ethiopia & Saudi projectsAddis Standard ·
Canadian mineral exploration company Sun Peak Metals has successfully raised 11.4 million Canadian dollars (approximately $8.2 million USD) to support its ongoing proj…
- Zemen Bank prepares to support Small and Medium EnterprisesCapital Ethiopia ·
Zemen Bank has announced that it is making preparations to support Small and Medium Enterprises (SMEs). According to Ato Asrat Tadesse, the bank's Retail Banking Execu…
- Siinqee Bank Appoints New Acting CEOCapital Ethiopia ·
Siinqee Bank S.C. has appointed Getachew Deresa as its new acting Chief Executive Officer (CEO). Deresa previously served as the bank's Vice President of Banking Opera…
- Over 64,000 Ethiopians Sent to Jordan on Fake Visas in 1.1 Billion Birr ScandalCapital Ethiopia ·
Federal prosecutors have filed formal corruption and money laundering charges against several individuals involved in a major fraud scheme. The accused include the for…
Summaries are written by AI and link to the original reporting.
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