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.
- Awash Bank's Assets Exceed 624 Billion Birr
Birr Metrics · Awash Bank reported that its total assets grew by 41 percent to reach 624 billion Birr by the end of the 2025/26 fiscal year. During its general shareholders' meeting,…
- Ethiopia Establishes Legal Framework for Collective Investment Schemes
Capital Ethiopia · Ethiopia has officially established a legal framework for collective investment schemes, introducing mechanisms such as mutual funds, money market funds, real estate f…
- Cooperative Bank of Oromia Launches 'Mticu Mizan' Interest-Free Digital LendingBirr Metrics ·
Cooperative Bank of Oromia (Coop) has launched 'Mticu Mizan,' a new Sharia-compliant digital lending service aimed at youth and women entrepreneurs. The platform integ…
- Mojo and Debre Berhan Ceramic Factories Transition to Natural Gas EnergyCapital Ethiopia ·
Two major ceramic factories in Mojo and Debre Berhan have fully transitioned their energy sources to domestic natural gas. Previously, these facilities relied on fuel …
- AU and Germany strengthen cooperation on energy and infrastructureBirr Metrics ·
The African Union and Germany have agreed to prioritize funding for energy and infrastructure projects following high-level development cooperation talks in Addis Abab…
- Ethiopian Deposit Insurance Fund Reports Rise in Premium IncomeBirr Metrics ·
The Ethiopian Deposit Insurance Fund (EDIF) announced that it collected 2.61 billion birr in premiums during the first quarter of the 2026/27 fiscal year, marking a 25…
- Ethiopian Investment Holdings Expands Hospitality Portfolio
Addis Fortune · Ethiopian Investment Holdings (EIH) is actively expanding its footprint in the hospitality sector as part of its broader investment portfolio. The state-owned sovereig…
- Ministry of Revenues approves second authorized tax receipt printerBirr Metrics ·
The Ministry of Revenues has authorized Abay Printing and Paper Packaging Factory as the second official printer for QR-coded tax receipts to address critical supply s…
- Ethiopia's Monetary Policy and Banking Sector ChallengesAddis Fortune ·
The Ethiopian government's reliance on cheap financing is impacting savers through negative real returns on their deposits. Previously, banks competed for large deposi…
- Addis Ababa Deploys Natural Gas Buses with Plans for Further ExpansionBirr Metrics ·
The Addis Ababa City Administration has deployed 26 public buses powered by natural gas, as part of a government initiative to reduce reliance on imported petroleum. P…
- Ethiopian Banks Forex Buying and Selling SpreadsAddis Fortune ·
Ethiopian banks have maintained their selling prices for foreign currency at approximately two percent above their buying prices. Market data indicates that the spread…
- Ethiopia secures $30 million from Green Climate Fund
Addis Standard · The Ministry of Finance has announced that Ethiopia has secured $30 million in financing from the Green Climate Fund (GCF) to bolster climate resilience for vulnerable…
- Concerns Raised Over Farmer Access in Ethiopia's Coffee Traceability SystemAddis Fortune ·
Ethiopia's Coffee Traceability & Management System provides a public batch search function for buyers, regulators, and partners. The system's registration page lists s…
- Ethiopia's coffee traceability system vs. EU deforestation regulation risksBirr Metrics ·
Ethiopia has implemented a national coffee traceability system (ECTMS) covering over 1.5 million farms to track production from source to export. However, a recent ODI…
- Africa Pension Infrastructure Fund Proposed for Major ProjectsBirr Metrics ·
At the inaugural African Social Security Summit in Addis Ababa, a proposal was introduced to pool continental pension capital to finance major infrastructure projects,…
- Addis Ababa Tax Bureau Urges 'Category A' Taxpayers to Meet October 30 Deadline
Tikvah Ethiopia · The Addis Ababa Revenue Bureau has announced that the deadline for declaring and paying the 2018 fiscal year 'Category A' annual business profit tax is October 30, 201…
- Amahoro Coalition eyes Ethiopian private sector to boost refugee employmentBirr Metrics ·
The Amahoro Coalition is seeking to engage Ethiopian companies in initiatives designed to employ refugees and finance their businesses. Ahead of the Africa Private Sec…
- Hibret Insurance premiums surge 24% to 3.42 Billion birrCapital Ethiopia ·
Hibret Insurance Company S.C. has released its financial performance report for the 2025/26 fiscal year. The company recorded a significant 24 percent increase in gros…
- Overview of Ethiopia's Forex Auction and Inflation TrendsAddis Fortune ·
Following a September circular by Vice Governor Eyob Tekalegn (PhD) banning upfront interest payments, commercial banks have adjusted their deposit competition strateg…
- Commercial Bank of Ethiopia ramps up cybersecurity investmentBirr Metrics ·
The Commercial Bank of Ethiopia (CBE) is scaling up its cybersecurity investments as its digital platforms now handle 92 percent of its total transactions, accounting …
- Dangote Hires Spanish Firm for Ethiopia’s $4 Billion Fertilizer ProjectAddis Standard ·
Nigerian billionaire Aliko Dangote's group has contracted the Spanish engineering firm Técnicas Reunidas to supply equipment for its fertilizer plant currently under c…
- Dashen Bank Prepares to Launch Dedicated Investment Banking UnitBirr Metrics ·
Dashen Bank is preparing to launch a dedicated investment banking unit as it expands beyond its traditional commercial banking operations. CEO Asfaw Alemu announced th…
- Mastercard Seeks Entry into Ethiopia's Domestic Payments SystemAddis Fortune ·
International payment giant Mastercard is moving to enter Ethiopia's domestic payment market. This development follows the Ethiopian government's policy shift, which o…
- Ethiopia Submits Candidacy for ICAO Council MembershipBirr Metrics ·
Ethiopia has officially submitted its candidacy for membership in the Council of the International Civil Aviation Organization (ICAO). As the UN agency governing globa…
- Dashen Bank Announces Total Assets Reached 350 Billion BirrCapital Ethiopia ·
Dashen Bank announced at its annual shareholders' meeting that its total assets have reached 350 billion Birr. The bank reported a pre-tax profit of 15.2 billion Birr …
- MIDROC Investment Group Acquires Savanna Beach Resort and Wabe Shebelle HotelAddis Fortune ·
MIDROC Investment Group has acquired the Savanna Beach Resort in Langano with plans to redevelop it as an international destination under the Marriott brand. Additiona…
- Congo's Cobalt Policy and Industrial Opportunity
The Africa Report · The Democratic Republic of Congo's attempt to cap cobalt exports has faced challenges due to global price volatility and shifting demand toward cobalt-free battery tec…
- Ethiopia and EIB Global Deepen Strategic Partnership to Mobilize Investment
ENA · The Ministry of Finance and an EIB Global delegation met to discuss strategic partnerships for Ethiopia’s economic transformation. The talks focused on advancing 190 m…
- New E-Commerce Platform Proposes Model for Global South Trade ExpansionCapital Ethiopia ·
As Ethiopia actively works to bolster its digital economy and integrate more deeply into international trade, a new e-commerce platform has introduced a proposed model…
- Ethiopia Emerging as Leading Healthcare Manufacturing Hub in AfricaENA ·
Dr. Barton, speaking at the African Healthcare Manufacturing Trade Exhibition and Conference (AHMTEC 2026) in Addis Ababa, stated that Ethiopia is emerging as a leadin…
- Dashen Bank signs €20 million financing deal with EIB for SMEsCapital Ethiopia ·
Dashen Bank has officially signed a €20 million financing facility agreement with EIB Global, the development finance arm of the European Investment Bank. This deal is…
- Agricultural Insurance in Ethiopia Remains Limited to Pilot ProjectsAddis Fortune ·
According to Dr. Fikru Tsegaye from the Ethiopian Reinsurance Company (Ethio-Re), agricultural insurance in Ethiopia has remained largely confined to pilot projects fo…
- Ethiopian Securities Exchange (ESX) clarifies dividend and financial year cut-off policiesAddis Fortune ·
Yodit Kassa, the newly appointed CEO of the Ethiopian Securities Exchange (ESX), has clarified policies regarding dividend distribution and financial cut-off dates. Sh…
- President Putin Cites Ethiopian Products as an Example
Natnael Mekonnen · Russian President Vladimir Putin cited Ethiopia as an example during his speech at the Russia-Africa summit while explaining the benefits of digital trade technology f…
- Lawsuit against Belayneh Kinde and Jamal Ahmed dropped; Council to hold new electionCapital Ethiopia ·
The lawsuit filed against Belayneh Kinde and Jamal Ahmed regarding the legality of the Ethiopian Sector Associations Council's leadership election held last year has b…
Summaries are written by AI and link to the original reporting.
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