Government representatives, private sector leaders, financial institutions, and development partners gathered in Addis Ababa for a…
Category: Business and Economy
Addis Ababa Clarifies Vehicle Phasing-Out Strategy Based on Gas Emissions Rather Than Age
Addis Ababa’s Transport Bureau announced that older vehicles will be removed from service based strictly on…
Mela Finance Launches First Neobank Platform Tailored for Ethiopian Diaspora
Mela Finance Inc. officially announced the public launch of Mela, a U.S.-based digital banking platform designed…
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…