Mela Finance Inc. officially announced the public launch of Mela, a U.S.-based digital banking platform designed…
Category: Business and Economy
Ethio Telecom Targets 295 Billion Birr Revenue in Ambiguous Shift to Comprehensive Tech Company
Ethio Telecom has announced an ambitious annual business plan for the 2019 Ethiopian fiscal year (2026/27),…
Ethiopia and IFC Partner to Launch 100 Billion Birr Mortgage Refinance Facility
The National Bank of Ethiopia (NBE) and the International Finance Corporation (IFC) have signed a landmark…
Ethiopian Electric Power Negotiates €400 Million Commercial Loan with Italian Lenders for Koysha Hydroelectric Project
Ethiopian Electric Power (EEP) is currently in negotiations with Italian financial institutions to secure a €400…
EIB Global and WFP Launch Major Climate Insurance Initiative for Ethiopian Farmers
The European Investment Bank (EIB Global) and the United Nations World Food Programme (WFP) have officially…
Ethiopia’s Annual Inflation Rate Rises to 15.3 Percent in July, Driven by Soaring Food Costs
Ethiopia’s headline inflation rate rose to 15.3 percent year-on-year in July 2026, up from 13.7 percent…
Ethiopia National Bank Forex Auction Sees Over $700 Million in Demand
The National Bank of Ethiopia (NBE) announced the results of its special foreign exchange auction conducted…
Over 40 Ethiopian Enterprises Sign Strategic Agreements to Boost Exports to China
More than 40 Ethiopian companies signed landmark memoranda of understanding (MoU) with Chinese enterprises today at…
Addis Ababa Chamber to Host 6th MATEX-ETHIOPIA 2026 International Expo in December
The Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) has officially announced that the 6th…
Unlocking Africa’s Era: Global Leaders Gather in London for the 2026 FT Africa Summit
The Financial Times has officially announced the 13th annual FT Africa Summit, taking place on October…