News - Financial
ECMA registered 15 million existing Bank of Abyssinia shares with the authority’s registry. 3. 125 million new shares approved for issuance via rights offer. …
Jan 30, 2026
Latest News
News - Financial
Ethiopia’s bid to restructure its USD 1 billion Eurobond stalled as creditors rejected the agreement in principle. AIP terms included a 15% haircut, new …
Jan 30, 2026
Import/Export
Ethiopia lost an estimated USD 24. 6 billion to trade-related illicit financial flows (2013–2022). Losses place Ethiopia among the top ten globally for such …
Jan 29, 2026
News - Financial
Revenue reported: Ethio Telecom earned 85. 02 billion birr in first half of current fiscal year. Growth drivers: Rapid expansion in data consumption and …
Jan 29, 2026
News - Financial
Credit rating lowered: Fitch cut Afreximbank’s long-term rating to BB+ from BBB- (investment grade). Ratings withdrawn: Fitch has withdrawn future ratings and analytical coverage …
Jan 29, 2026
News - Financial
Bank of Abyssinia’s total deposits exceeded 300 billion birr in early 2025/26. At end of 2024/25, deposits were 243. 2 billion birr. Total assets …
Jan 29, 2026
News - Financial
Interbank FX market opened: Ethiopia’s central bank has launched a competitive interbank foreign exchange market with real-time pricing. Market pricing: Banks conduct FX trades …
Jan 28, 2026
News - Financial
Auction size: National Bank of Ethiopia sold USD 500 million in its largest single foreign exchange auction to date. Exchange rates: Weighted average clearing …
Jan 27, 2026
News - Financial
Total assets: Zemen Bank’s assets reached 106 billion birr in the first half of fiscal 2025/26. Profit: Gross profit for the same period exceeded …
Jan 27, 2026
News - Transport
Ethio-Djibouti Railway (EDR) and National Oil Company (NOC) launched a pilot to transport 120,000 liters of diesel by rail from Indode depot on January …
Jan 26, 2026
Construction & Mining
Zijin Gold International agreed to acquire Allied Gold Corporation for C$5. 5 billion (about US$4. 0 billion) in an all-cash transaction at C$44 per …
Jan 26, 2026
Regulations - Financial
Key points from NBE Directive No. SBB/99/2026 (“Requirements for Licensing a Bank Branch to Operate in Special Economic Zones”): Effective January 6, 2026, banks …
Jan 25, 2026
Regulations - Financial
NBE now requires banks to use Ethiopian Customs Commission indicative prices for selected imported goods in Letters of Credit and import permits. The measure …
Jan 25, 2026
News - Financial
CBE launched CBE Connect Digital Wallet to channel diaspora remittances. The platform targets capturing part of $35 billion annual remittances. Only 22 % ($7. …
Jan 25, 2026
News - Financial
ESX reported 2,500 active investment accounts during its first year. Total trading value exceeded 12 million birr on the Ethiopian Securities Exchange. Account numbers …
Jan 25, 2026
News - Financial
Afreximbank terminated its credit rating relationship with Fitch on January 23, 2026. The decision followed a review finding Fitch’s ratings didn’t reflect Afreximbank’s mandate …
Jan 25, 2026
Electric
CATL officially introduced the Tianxing II battery series on January 22, 2026, highlighting a new sodium-ion variant. The 45 kWh sodium-ion battery is designed …
Jan 24, 2026
Analysis
When Ethiopia loosened its grip on the foreign-exchange market, policymakers framed the move as a technical correction — a necessary alignment of the birr …
Jan 24, 2026
Analysis
Ethiopia’s Fuel Price Staircase: Diesel, Gasoline and the Rising Cost of an Import-Dependent Economy
By any recent standard, Ethiopia’s fuel price trajectory has been steep. Since the start of 2023, official pump prices for diesel, gasoline and kerosene …
Jan 23, 2026
News - Financial
Ethiopia generated over USD 5. 1 billion in export earnings over the past six months, surpassing official targets. The export performance exceeded government expectations
Jan 23, 2026
News - Financial
The Ethiopian Capital Market Authority (ECMA) set the maximum investor compensation at 100,000 birr (~$640 USD
Jan 23, 2026
News - Financial
The International Finance Corporation (IFC) is considering up to $80 million A-loan to support MIDROC Ethiopia Plc’s Sheraton Addis project. The financing would cover …
Jan 23, 2026
Regulations - Financial
The new Investment Incentive Regulation introduces an exit penalty that prevents investors who close businesses from reclaiming previously granted tax incentives. Tax holidays previously …
Jan 21, 2026
News - Financial
Launch of StarPay: The Commercial Bank of Ethiopia (CBE) has launched a new digital payment platform called StarPay to integrate banking and payment services. …
Jan 21, 2026
Regulations - Financial
Oromia Regional State has imposed a 5% levy on coffee beans sold for export. The 5% fee applies to every kilogram of coffee bought …
Jan 20, 2026
News - Financial
Starting February 8, 2026, Ethiopia will impose a 5% levy on all mobile airtime and data purchases to fund the National Disaster Fund. The …
Jan 20, 2026
News - Financial
Ethiopia’s central bank allocated $70 million in foreign exchange at its latest auction. Total bids from commercial banks exceeded $94 million, indicating strong demand …
Jan 20, 2026
Regulations - Financial
Ethiopia’s Council of Ministers approved revisions to the Customs Proclamation to modernize and align it with international trade standards. The updated customs law aims …
Jan 20, 2026
Construction & Mining
EAG expects to select a lead contractor between June and July 2026. Ethiopian Airlines Group (EAG) aims to finalize the principal contractor for the …
Jan 18, 2026
News - Financial
National Bank bans CAD payments for exports to certain African markets. The central bank barred the use of Cash Against Documents (CAD) for exports …
Jan 18, 2026