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.
- Lawsuit against Sectoral Associations Council withdrawn
Capital Ethiopia · A legal challenge filed by business figures Belayneh Kinde and Jamal Ahmed against the leadership election of the Ethiopian Sectoral Associations Council has been offi…
- Addis Ababa Introduces Online Tax Filing and Revised Audit Procedures
Birr Metrics · The Addis Ababa Revenues Bureau has introduced a new online annual tax filing system and revised audit procedures, effective from the 2026/27 fiscal year. This initiat…
- Investment Commission and Chinese Embassy discuss strategic economic cooperationBirr Metrics ·
The Ethiopian Investment Commission and the Chinese Embassy have held discussions aimed at attracting Chinese investment into Ethiopia's strategic mining sector, speci…
- Ethiopia Signs Bilateral Trade Agreement with CanadaBirr Metrics ·
Ethiopia has finalized a bilateral market access agreement with Canada as part of its ongoing bid to join the World Trade Organization (WTO). The agreement, signed on …
- Dangote Cement Reports Strong Nine-Month Results Amid ExpansionBirr Metrics ·
Dangote Cement Plc has released its financial results for the first nine months of 2026, reporting a 41.5 percent increase in pre-tax profit to 1.47 trillion naira. Wh…
- Mastercard to Introduce Tokenisation in Ethiopia
Addis Fortune · Payment giant Mastercard is preparing to launch 'tokenisation' in Ethiopia, a technology designed to replace sensitive card details with digital tokens to mitigate sec…
- Ethiopia's OTC market targets 8 securities outside main listing requirementsCapital Ethiopia ·
Ethiopia's securities market is preparing to launch an over-the-counter (OTC) market to accommodate eight securities. This platform is designed for companies that eith…
- Nyala Insurance marks 30th anniversary and unveils new strategyCapital Ethiopia ·
Nyala Insurance Company S.C. has launched its "NISCO Reimagined" strategy in conjunction with its 30th-anniversary celebration. The company reported that its total ass…
- Meat Prices in Ethiopia Surge, Impacting SalesAddis Fortune ·
Meat prices in Ethiopia are seeing a significant surge, causing a noticeable decline in sales according to butcher shop owners. Butchers report that prices have roughl…
- Dashen Bank Launches 'Dashen Air Pay' Digital Payment ServiceCapital Ethiopia ·
Dashen Bank has officially launched 'Dashen Air Pay', a new digital payment solution designed to streamline transactions between businesses and their customers. The se…
- WFP Secures Climate Insurance Funding for Ethiopian FarmersAddis Fortune ·
The World Food Programme (WFP) distributed $1.4 million in insurance payouts to 80,000 Ethiopian smallholder farmers last year to assist them against drought, pests, a…
- BitFuFu Evaluates Terminating $4.1M Ethiopian Bitcoin Mining Deal Amid Power DisputeCapital Ethiopia ·
Nasdaq-listed Bitcoin mining operator BitFuFu Inc. is reassessing its planned $4.1 million acquisition of an 80-megawatt Bitcoin mining facility in Ethiopia. The deal,…
- Ethiopia's Khat Exports to Somalia Decline by 35 PercentBirr Metrics ·
According to a 2026 report by Somalia's National Economic Council, Somalia spent 450.4 million USD on khat imports in 2025, exceeding the country's federal domestic re…
- MIDROC Expands Hotel Portfolio in Ethiopia Ahead of COP32Addis Fortune ·
MIDROC Investment Group is accelerating hospitality investments across Ethiopia in preparation for the 32nd United Nations Climate Change Conference (COP32), scheduled…
- NBE sells $140 million in forex auction; Birr shows slight appreciationAddis Fortune ·
The National Bank of Ethiopia (NBE) conducted a foreign-exchange auction today, selling 140 million dollars to the market. The weighted average exchange rate for the a…
- Ethiopia Payment Switch Data: P2P Transfers Dominate Digital TransactionsBirr Metrics ·
Ethiopia’s national electronic payments switch, EthSwitch, reported that person-to-person (P2P) transfers accounted for 85 percent of the 7.8 billion USD in transactio…
- Ethiopia Working to Become Continental Pharmaceutical Manufacturing Hub
ENA · At the African Healthcare Manufacturing Trade Exhibition in Addis Ababa, the Ethiopian Health Ministry outlined plans to position Ethiopia as a continental hub for pha…
- Kacha Partners with Mastercard for Card Services in Ethiopia
The Reporter · Kacha Digital Financial Service SC has signed a five-year agreement with Mastercard to expand card issuance in Ethiopia. Under the partnership, Kacha will issue paymen…
- Ethiopian Banking Sector and Central Bank Market Activity ReportAddis Fortune ·
Recent financial data reveals high demand from Ethiopian banks for government and central bank securities. In the September auction, bids reached 50.6 billion Birr for…
- Ethiopia targets 4.4 million off-grid connections under new electrification planCapital Ethiopia ·
Ethiopia has officially launched its National Electrification Program 3.0 (NEP 3.0). This strategic framework aims to expand electricity access across the country by t…
- Addis Ababa Trade Bureau calls for bottled water price stability; EFDA takes enforcement actionBirr Metrics ·
The Addis Ababa Trade Bureau has urged bottled water manufacturers to adhere to a new agreement aimed at stabilizing rising prices in the capital. Bureau head Habiba S…
- EIPA and WIPO Launch Three-Day Cross-Regional Intellectual Property ForumCapital Ethiopia ·
The Ethiopian Intellectual Property Authority (EIPA), in collaboration with the World Intellectual Property Organization (WIPO), has inaugurated a three-day cross-regi…
- Manufacturing exports generate $118 million in Q1Addis Fortune ·
The Ministry of Industry announced that the manufacturing sector generated $118 million in exports during the first three months of the 2026/27 fiscal year. This figur…
- 90% of Ethiopia's Tea Production Used for Domestic ConsumptionCapital Ethiopia ·
The Ethiopian Coffee and Tea Authority announced that 90% of the tea produced in the country is consumed domestically, with only 10% exported. According to Fikadu Defe…
- Ethiopian merchandise imports rise; government reports import substitution gainsBirr Metrics ·
Ethiopia’s merchandise imports rose to 22.1 billion USD in the 2025/26 fiscal year, according to a report by Cepheus Research & Analytics, driven by continued high dem…
- Ministry of Agriculture Explains Reasons for Rising Egg and Meat PricesCapital Ethiopia ·
The Ministry of Agriculture has officially addressed the ongoing nationwide price increases in egg and meat products. W/ro Tsigereda Tadesse, advisor to the Livestock …
- Draft Bill Proposes 15% Cap on Foreign Portfolio Ownership in Ethiopian FirmsThe Reporter ·
Ethiopia’s proposed foreign portfolio investment (FPI) regulation has sparked significant debate regarding capital repatriation, investor confidence, and the readiness…
- Ten Taxpayers Account for Nearly Half of Ethiopia's Large Taxpayers RevenueBirr Metrics ·
A new macroeconomic report by Cepheus Research & Analytics reveals that ten taxpayers generated 254.4 billion birr in the 2025/26 fiscal year, accounting for nearly ha…
- Dashen Bank Launches Travel-Linked Platinum MastercardAddis Fortune ·
Dashen Bank, in partnership with Mastercard, has officially launched a new travel-linked Platinum Mastercard at an event held at the Sheraton Addis. Key figures includ…
- No African Country Meets Malabo Agricultural Development Benchmark, FAOCapital Ethiopia ·
According to the fifth Comprehensive Africa Agriculture Development Programme (CAADP) Biennial Review released by the FAO, no African nation has successfully met the a…
- International Livestock Exhibition and Conference to be HeldCapital Ethiopia ·
An international livestock and value chain exhibition and conference involving over 130 participants from 14 countries is set to take place. The Ministry of Agricultur…
- Ethiopian Investment Commission Receives UN Investment AwardThe Reporter ·
The Ethiopian Investment Commission (EIC) has been honored with the 2026 UN Investment Promotion Award for its significant efforts in promoting investment within the d…
- Ethiopia's Electrification Progress Outpaces Policy and Infrastructure ReadinessCapital Ethiopia ·
Ethiopia's electrification expansion is currently outpacing the country's policy frameworks and infrastructure readiness, according to the inaugural Electrification Co…
- Addis Ababa Land Bureau Prepares 170 Hectares for AllocationAddis Fortune ·
The Addis Ababa Land Bureau has announced the preparation of 170 hectares of land over the past two weeks. According to the bureau, this land is designated for allocat…
- Ethiopian Airlines Launches New Flights to Nacala, MozambiqueBirr Metrics ·
Ethiopian Airlines has officially launched a new flight route to the port city of Nacala in northern Mozambique. This expansion marks the airline's third destination i…
Summaries are written by AI and link to the original reporting.
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