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.
- Ethiopian Airlines Launches Flights to Nacala, Mozambique
ENA · Ethiopian Airlines has announced the launch of a new thrice-weekly flight service to Nacala, Mozambique, with the inaugural flight departing from Addis Ababa Bole Inte…
- EALS CEO Discusses Ethiopia's Role and EAC Prospects
The Reporter · David Sigano, CEO of the East Africa Law Society (EALS), has discussed Ethiopia's potential integration with the East African Community (EAC) and the broader investmen…
- Ethiopia Earns $3.1 Billion from Exports in First Quarter
Addis Fortune · Ethiopia has generated 3.1 billion dollars in revenue from exports during the first quarter of the current budget year. This achievement represents 96 percent of the q…
- International agricultural exhibition with participants from 14 countries to be held
Capital Ethiopia · An international agricultural exhibition and conference featuring over 130 stakeholders from 14 countries is set to commence. The Ministry of Agriculture announced tha…
- Mastercard, Dashen Bank, and Ethiopian Airlines Forge Digital Payment PartnershipCapital Ethiopia ·
Mastercard, Dashen Bank, and Ethiopian Airlines have recently signed a significant partnership agreement aimed at advancing digital payment solutions. This collaborati…
- Ethiopia and Pakistan Discuss Strengthening Banking Ties
Addis Standard · Ethiopian and Pakistani officials have discussed strengthening banking and financial connectivity to enhance bilateral trade and investment. The meeting took place bet…
- Addis Ababa Revenue Bureau Issues New Tax Implementation Directives
Tikvah Ethiopia · The Addis Ababa Revenue Bureau has unveiled new desk audit guidelines for the 2018 fiscal year to streamline tax collection. A key directive limits cash transactions t…
- National Bank of Ethiopia to Auction $140 Million TomorrowCapital Ethiopia ·
The National Bank of Ethiopia (NBE) has announced that it will conduct its 31st round of foreign exchange auction tomorrow, Tuesday, Tikimt 26, 2019 E.C. The bank is p…
- Ethiopia’s growth outlook strong, but businesses face currency and execution risksCapital Ethiopia ·
Ethiopia is projected to achieve one of the strongest economic growth rates in Africa this year, according to a recent business report. Despite this positive outlook, …
- Ethiopia aims to boost logistics ranking ahead of 2027 FIATA CongressCapital Ethiopia ·
The Ethiopian Freight Forwarders and Shipping Agents Association (EFFSAA) has announced that Ethiopia is preparing to host the 101st FIATA World Congress in October 20…
- Dangote Oil Refinery Stock Sale to End TomorrowCapital Ethiopia ·
The $2 billion public stock offering for the Dangote Oil Refinery is set to conclude tomorrow, Tuesday, October 17, 2018 E.C., following a 44-day period. According to …
- Development Bank of Ethiopia Delivers 11 Combine Harvesters
Birr Metrics · The Development Bank of Ethiopia (DBE) has delivered 11 combine harvesters, valued at over 1.2 million euros (approximately 226.9 million birr), to agricultural invest…
- Ethiopia's Money Market Shows Disparate Interest Rates Amid InflationAddis Fortune ·
The Ethiopian money market is currently seeing four different interest rates for the same Birr. Interbank lending for seven days stands at 13 percent, while the four-w…
- ESX Seeks Clarification on Dividend and Voting Rights Amid Secondary Market LaunchAddis Fortune ·
The Ethiopian Securities Exchange (ESX) has requested clarification from the Ethiopian Capital Market Authority (ECMA) regarding shareholder rights during the secondar…
- Ethiopian Smallholders Face Climate Insurance Coverage GapsAddis Fortune ·
Insurers are becoming increasingly reluctant to underwrite climate-related risks for smallholder farmers, such as droughts and floods. Despite Ethiopia having nearly 2…
- Denmark and Rwanda Seek Stronger Water, Energy Ties with EthiopiaENA ·
During the 3rd Ethiopian Water and Energy Week in Addis Ababa, ambassadors from Denmark and Rwanda expressed interest in deepening partnerships within the water and en…
- AfDB Raises $2.5B in Bond Issuance as Ethiopia Continues Economic ReformsBirr Metrics ·
The African Development Bank (AfDB) has raised 2.5 billion US dollars through a global bond issuance, attracting 4.8 billion dollars in orders. This comes as Ethiopia …
- Mastercard seeks entry into Ethiopia's domestic payments marketAddis Fortune ·
Mastercard is actively seeking regulatory approval to enter Ethiopia's domestic payment market, aiming to expand beyond its current role in international and cross-bor…
- New Sheraton-branded hotel construction begins in Addis AbabaAddis Fortune ·
Construction has officially commenced on a new Sheraton-branded hotel located within the existing Sheraton Addis compound. The project is being designed by ZIAS Archit…
- African Economic Independence and Ethiopia's Infrastructure Projects
BBC Afaan Oromoo · Billionaire Aliko Dangote has urged African nations to prioritize domestic processing of raw materials over exports to secure true economic independence. He argues tha…
- Ethiopia Ranks Third Globally in Russian Fertilizer ImportsAddis Standard ·
Ethiopia has emerged as the world's third-largest importer of Russian fertilizers, according to Yevgeny Terekhin, the Russian Ambassador to Ethiopia. This significant …
- Rising meat prices shift consumer habits for many EthiopiansAddis Fortune ·
Addis Ababa residents are shifting their lifestyle habits due to the sharp rise in meat prices. Individuals who previously enjoyed raw meat ('tere sega') weekly have r…
- ZamZam Bank reports over 22 billion Birr in total depositsCapital Ethiopia ·
ZamZam Bank has announced its financial performance for the 2025/26 fiscal year during its annual shareholders' meeting. CEO Melika Bedri stated that the bank's total …
- Administrative Action Taken on Illegal Car Sales in Addis AbabaTikvah Ethiopia ·
The Addis Ababa Revenue Bureau announced that it has taken administrative action against 45 vehicles offered for sale in the Kirkos sub-city without the required city …
- HarmeeCare Pharmaceuticals to Acquire Kilitch Estro Biotech for $14 MillionBirr Metrics ·
State-owned HarmeeCare Pharmaceuticals, an enterprise under the Oromia Regional State, has agreed to acquire Kilitch Estro Biotech PLC, the Ethiopian subsidiary of Ind…
- Study Alleges Political Protection for Illicit Coffee Traders in SW EthiopiaThe Reporter ·
A recent study by the Rift Valley Institute (RVI) alleges that politically connected traders in southwest Ethiopia's coffee sector are benefiting from illicit activiti…
- Access Bank Targets $500M for Dangote Refinery via Botswana SecuritiesBirr Metrics ·
Access Bank Botswana has launched an investment channel allowing investors to acquire shares in Nigeria's Dangote Petroleum Refinery via a depository receipts program.…
- Ethiopian Airlines Brand Value Reaches $323.9 MillionCapital Ethiopia ·
The Ethiopian Intellectual Property Authority announced that Ethiopian Airlines' brand value has reached $323.9 million. This figure is based on the 2026 global corpor…
- Ethiopian Agritech 'Lersha' Wins Top Honors at Africa Sustainable Futures AwardsBirr Metrics ·
The Ethiopian agricultural technology company Lersha has won two top honors at the 2026 Africa Sustainable Futures Awards, organized by the Financial Times and the Wor…
- Ethiopia to Host Africa Agricultural Policy Research Institutes ConferenceENA ·
The Africa Network of Agricultural Policy Research Institutes (ANAPRI), in partnership with Ethiopia’s Policy Studies Institute (PSI), will host a conference focused o…
- WTO Assistance to Least Developed CountriesAddis Fortune ·
Over the past two decades, the World Trade Organization (WTO) has provided over 223 billion dollars in trade-related development assistance to least developed countrie…
- Ethiopia's Export Revenue Rises by 25.75% Driven by Mining Sector GrowthBirr Metrics ·
Ethiopia's export revenue reached 3.14 billion USD in the first quarter of the 2026/27 fiscal year, marking a 25.75 percent increase compared to the same period last y…
- Safaricom Launches 'Fuliza Ya Pochi' Credit Facility for Micro-TradersBirr Metrics ·
Safaricom has launched 'Fuliza Ya Pochi', an overdraft facility for its 'Pochi La Biashara' merchants in Kenya. The service allows eligible traders to complete transac…
- Ethiopian Water and Energy Week Focuses on Science, Policy and ImplementationENA ·
The Ethiopian Water and Energy Week is scheduled to take place from October 26 to 30, 2026, at the Addis Ababa Science Museum. Held under the theme “Advancing Science-…
- Global Advisors Communications Wins Award for Promoting UAE’s AI InitiativeCapital Ethiopia ·
Global Advisors Communications has won the 'Best Campaign of the Year' award for its work highlighting a $1 billion AI initiative for Africa. The agency received two P…
Summaries are written by AI and link to the original reporting.
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