The National Bank of Ethiopia (NBE) has announced a Special Foreign Exchange Auction scheduled for February 25, 2025, with USD 60 million available for bidding by all banks.

A new oil factory, built at a cost of Birr 150 million, has been officially inaugurated in Assosa town, Benishangul Gumuz region. The factory is expected to enhance local oil production and reduce ...

Ethiopia's sovereign wealth fund, Ethiopian Investment Holdings (EIH), has announced plans to introduce competition into the country’s multimodal transport sector, marking a shift in an industry long ...

Ethiopia’s flower exports declined by 7% during the peak Valentine’s Day season, with shipments dropping from 2.91 million ...

Ethiopia generates over USD 1.016 billion in the first seven months of the fiscal year from coffee, tea, and spice exports.

Dangote Group, Africa’s leading industrial conglomerate, has announced a major expansion in Ethiopia, reinforcing the country ...

The Addis Ababa City Administration has reported a revenue collection of over Birr 111 billion in the first half of the fiscal year, exceeding expectations.

Finance Minister Ahmed Shide emphasized that the agreement would enhance the bankability of power purchase agreements (PPAs) and strengthen EEP’s creditworthiness. ATIDI CEO Manuel Moses expressed ...