Ethiopia and the African Development Bank (AfDB) have signed a USD 184 million grant agreement to support Phase II of the Ethiopia - Djibouti - South Sudan Transport Corridor Project.

Ethiopia has reached a preliminary agreement with the International Monetary Fund (IMF) to secure a USD 261 million loan. The financing forms part of a four year, USD 3.4 billion extended loan program ...

A national platform on WTO membership and ongoing negotiations convened in Addis Ababa under the theme “Integrating Ethiopia, ...

Ethiopia has launched the National Digital Payment Strategy 2026 to 2030 together with a new Instant Payment System, marking another step in the country’s ongoing digital finance reforms. The launch ...

The retail prices of petroleum products in Ethiopia have been increased by up to Birr 8, according to the Ministry of Trade ...

The Kenyan government has agreed to sell a 15 percent stake in telecom operator Safaricom to South Africa’s Vodacom in a transaction valued at approximately USD 1.6 billion, as part of efforts to ...

Hibret Bank’s foreign exchange earnings reached USD 300 million in the 2024/25 fiscal year, marking an increase of USD 96.49 million, or 47.4 percent, compared to the previous year. The report further ...

The Ministry of Trade and Regional Integration has issued a directive requiring all payments for export crops produced under contract farming and investment farming arrangements to be processed ...

Ethswitch, the entity responsible for operating Ethiopia’s national payment system infrastructure, has reached the final phase of integrating its domestic card schemes with 32 international card ...

Hibret Insurance stated that it recorded a profit in the billions of birr during the 2024/25 fiscal year, according to a report presented at the company’s annual shareholders’ meeting.

The Ministry of Trade and Regional Integration (MOTRI) has issued Directive No. 1115/2025, introducing a major shift in Ethiopia’s oilseeds and pulses export system by requiring all exporter payments ...

Ethio Telecom has inaugurated its third super fast electric vehicle (EV) charging station in Addis Ababa. The new facility, which was opened yesterday in the Summit Fiyel Bet area, features 16 high ...