The International Monetary Fund (IMF) and the Ethiopian government have reached a staff-level agreement on economic…
Category: Business and Economy
Middle East Conflict Strains Ethiopia’s Meat and Livestock Export Sector
The ongoing conflict involving the United States, Israel, and Iran has cast a shadow over Ethiopia’s…
NBE Issues New Franco-Valuta Directive to Digitize Framework and Curb Illicit Flows
The National Bank of Ethiopia (NBE) has officially enacted a comprehensive new directive to regulate…
Telegram Wallet to Halt Ethiopian Birr P2P Crypto Trading Following Regulatory Alignment
In a major development for the local digital currency landscape, Wallet, the prominent cryptocurrency platform…
Ethiopia’s $1B Eurobond Talks Collapse as Creditors Reject Revised Debt Deal
Negotiations between the Ethiopian government and international investors holding the nation’s $1 billion Eurobond have…
Ethio Telecom Verifies 96 Percent of Share Buyers Ahead of Capital Market Debut
Ethio Telecom has announced that 95 percent of individuals who applied to buy shares in the…
National Bank of Ethiopia Removes Export Permit Restrictions for China
The National Bank of Ethiopia (NBE) has lifted all previous restrictions on export permits for goods…
Ethiopia’s Ministry of Revenues to Pay Interest on Delayed VAT Refunds Under New Directive
The Ministry of Revenues has officially issued the Value Added Tax (VAT) Refund Directive No. 1132/2026,…
Ethiopia’s Central Bank Eases Foreign Exchange Rules and Caps LC Fees
The National Bank of Ethiopia (NBE) has announced major amendments to its foreign exchange directive to…
Ethio-Dubai Business Forum Held in Addis Ababa; Bilateral Trade Volume Surpasses $6 Billion
The Ethio-Dubai Trade and Investment Forum was held today at the Sheraton Addis Hotel in Addis…