Libya’s OLA Energy Group has signed a definitive agreement to acquire the Ethiopian assets of France’s…
Category: Business and Economy
Ethiopia Approves Landmark Carbon Market Proclamation to Regulation Green Investments
The Ethiopian House of Peoples’ Representatives officially approved the nation’s first Carbon Market Proclamation during its…
Ethiopia Reaches Preliminary Agreement with Bondholders on Eurobond Restructuring
The Ethiopian government has reached an agreement in principle with a committee representing approximately 45% of…
Ethiopia and Italy Sign €80 Million Deal to Boost Economy and Climate Resilience
The Government of Ethiopia and the Government of Italy have signed a €80 million financing package…
EEU Signs 3 Billion Birr Grid Rehabilitation Deal to Boost Power Reliability in Three Towns
The Ethiopian Electric Utility (EEU) has officially signed a 3 billion Birr grid rehabilitation agreement with…
Addis Chamber and ESL Sign MoU to Boost Trade and Logistics
The Addis Ababa Chamber of Commerce and Sectoral Associations (Addis Chamber) and the Ethiopian Shipping and…
Zemen Bank Officially Launches Shari’ah-Compliant ‘Z-Qemer’ Banking Service
Zemen Bank has officially launched “Z-Qemer,” a new interest-free banking service designed to provide modern financial…
Ethiopia to Ban Uncertified Professionals from Construction Sector
Ethiopia is set to ban all construction professionals who lack official competency certification from participating in…
Binance Restores Access in Ethiopia Following Regulatory Engagement
The world’s largest cryptocurrency exchange, Binance, has successfully restored access to its platform for users in…
Ethiopia Sees Rapid Digital Finance Growth Amid Escalating Cyber Security Risks
Ethiopia’s digital finance sector is experiencing unprecedented growth, compressing decades of traditional financial evolution into a…