Wahid Business News

Tag: Ethiopia

Latest articles tagged "Ethiopia"

News - Financial

IIB Group Secures NBE License to Open Addis Ababa Office

International Islamic Bank Group receives license from National Bank of EthiopiaRepresentative office to be established in Addis AbabaApproval aligns with Ethiopia’s financial sector liberalization …

Apr 06, 2026

Electric

Ethio Engineering Group signs SKD agreements with two Chinese firms

Deals signed with Sany International and Hangzhou TrumaxSany to supply wheel loaders and excavators in SKD formTrumax to supply batching plants and crusher plants …

Apr 03, 2026

News - Financial

NBE and People's Bank of China strengthen financial cooperation

Agreement focuses on bilateral financial collaboration frameworksDiscussions include cross-border payment systems and settlement mechanismsCooperation targets improved trade financing and liquidity supportChina remains one of …

Apr 03, 2026

Diesel/Gasoline

Fuel Prices Surge Past ETB 160/Litre as Global Oil Shock Hits Ethiopia

Ethiopia has implemented a fresh round of fuel price increases in Addis Ababa, with retail rates rising across all major categories as global oil …

Apr 03, 2026

News - Financial

$5–6B Bishoftu Airport Deal Advances as Bank of China, AfDB Review Mega Financing Framework

Bank of China and African Development Bank reviewing financing for Bishoftu AirportProject estimated at $5–6 billion total investment costPlanned capacity: 60–100 million passengers per …

Apr 03, 2026

News - Transport

180,000 Tons Stalled as Global Fuel Prices Triple

180,000 metric tons of fuel shipments stalled near Strait of HormuzGlobal fuel prices tripled (≈3x increase) following supply disruptionEthiopia imports nearly 100% of its …

Apr 03, 2026

Import/Export

Ethiopia Surpasses Export Target with $6.76B in 8 Months

Ethiopia earned $6. 76 billion export revenue in first 8 months of FY 2025/26Export performance achieved 101% of government targetCoffee exports generated over $1. …

Apr 03, 2026

Electric

GAC Group Enters Ethiopia with Four New EV Models

Guangzhou Automobile Group Co., Ltd launched four EV models in EthiopiaNew flagship GAC JUNTU showroom opened in Addis AbabaShowroom spans 2,300 square meters with …

Mar 29, 2026

Electric

Ethiopia EV Boom Hits Infrastructure Gap as Charging Fees Announced

Mar 29, 2026

Import/Export

Private Sector Seen as Key to Unlocking AfCFTA Trade Potential

Mar 29, 2026

News - Transport

Ethiopia Targets $2B Logistics Gap with Global Investment Push

Mar 29, 2026

News - Financial

Afreximbank Funds 8 Startups, Ethiopia’s Gebeya Among $250K Beneficiaries

Afreximbank backs 8 African startups through its innovation programEach startup eligible for funding up to $250,000Gebeya Inc. selected as Ethiopia’s representativeProgram targets digital innovation, …

Mar 27, 2026

News - Financial

IFC Deploys $6.9Bn in Ethiopia to Accelerate Private Sector Growth

International Finance Corporation committed $6. 9 billion to Ethiopia over five yearsInvestments targeted infrastructure, manufacturing, agribusiness, and financial sectorsFunding period spans FY2020 to FY2025Significant …

Mar 27, 2026

Import/Export

Ethiopia Sets New LNG, CNG, EV Standards for Imported Vehicles

Ethiopian Standards Institute introduced 7 new standards for LNG, CNG, and EV vehiclesStandards form part of 79 total national standards prepared by the institute

Mar 24, 2026

Import/Export

Djibouti Moves to Cap War Surcharges on Ethiopia’s Trade Lifeline

Insurance pressure is intensifying, with costs up 35pc and war-risk cover being withdrawn from key routes. Djibouti banned retroactive freight surcharges on cargo loaded …

Mar 24, 2026

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