Ethiopia’s House of People’s Representatives (HPR) has unanimously approved a concessional loan agreement worth USD 145.8 million with the International Development Association (IDA) to finance the ...

Oromia Bank reported a 49% increase in pre-tax profit to Birr 3.82 billion for the 2025/2026 fiscal year, despite liquidity constraints and broader economic challenges affecting Ethiopia’s banking ...

The Ministry of Trade and Regional Integration announced adjustments to fuel prices, effective July 10, 2024. According to the Ministry, this decision comes in response to rising global oil prices.

In a move designed to bolster the security and stability of the Ethiopian financial sector, the National Bank of Ethiopia (NBE) announced a series of revisions to its regulatory framework. Accordingly ...

Awash Bank announced significant financial achievements at its 29 th Annual General Meeting held in Addis Ababa. The bank's total assets reached Birr 282 billion during the 2023/24 fiscal year, ...

Ethiopian merchants will be able to access working capital loans based on their digital transaction history under a new payment and financing initiative launched by Visa and ETTA Solutions.

Ethiopia has set a target of generating USD 13.4 billion in export revenue during the 2026/27 fiscal year, as the government seeks to increase foreign exchange earnings and expand the country’s ...

The Ministry of Trade and Regional Integration has announced a new increase in retail fuel prices effective from May 08, 2025. E.C. This follows an earlier adjustment on March 23, 2025, and reflects ...

C & E Brothers Steel Factory Plc is a private company established on August 14, 2008, G.C. Starting on July 7, 2014, the company became a joint venture factory for Ethiopia and China’s investors. The ...

Ethiopia is set to benefit from Kenya’s planned Lamu oil refinery through expanded access to regional refined petroleum supplies and increased opportunities for trade and investment, Prime Minister ...

Ethiopian Airlines has signed an aircraft purchase agreement with Boeing for 10 Boeing 777 freighter aircraft, marking a major expansion of the airline’s cargo fleet and strengthening its position in ...

The Ministry of Trade and Regional Integration (MoTRI) renewed and issued over 2.2 million business licenses in the past nine months of the 2022/2023 fiscal year. According to Belaynesh Kassa, MoTRI’s ...