Ethiopia MPC Holds Policy Rate at 15%, Raises Credit Growth Ceiling to 24%
The National Bank of Ethiopia’s Monetary Policy Committee has kept the benchmark rate at 15% in its fourth meeting in September 2025, while raising the credit growth ceiling to 24%. [...]
Ethiopia Names Eyob Tekalign as New Central Bank Governor
Ethiopia’s Prime Minister Abiy Ahmed has appointed State Finance Minister Dr. Eyob Tekalign as governor of the National Bank of Ethiopia, filling the vacancy left by Mamo Mihretu earlier this [...]Ethiopia to Remove Long-Standing Lift Bank Lending Cap
Ethiopia will remove its long-standing cap on bank lending, a landmark reform expected to release 1.3 trillion birr (US$ 21.9 billion) into the economy, officials at the Ministry of Finance [...]
Equity Bank Bids for Ethiopia’s Banking Sector
Equity Bank Group has taken a major step toward expanding into Ethiopia after its chief executive Dr. James Mwangi held talks with Ethiopian Investment Commission (EIC) Commissioner Dr. Zeleke Temesgen [...]Ethiopia Inagurates US$ 4.2bn Grand Renaissance Dam
Ethiopia has inaugurated the Grand Ethiopian Renaissance Dam (GERD), Africa’s largest hydroelectric project, marking a watershed moment for Africa's second most populous nation as it seeks energy independence and a [...]Ethiopia Tightens VAT Rules to Widen Tax Base
Ethiopia has introduced sweeping changes to its Value Added Tax (VAT) system, requiring a broader range of businesses and professionals to register under the tax regime. The directive also extends [...]Mamo Mihretu Resigns as Ethiopia's Central Bank Boss After Reform-Heavy Tenure
Mamo Mihretu has stepped down as Governor of the National Bank of Ethiopia (NBE), ending a 32-month tenure that redefined the country’s monetary policy and financial regulation. On leaving the [...]Dangote Group, Ethiopia Sign US$ 2.5Bn Fertiliser Plant Deal
Dangote Group and Ethiopian Investment Holdings have signed a shareholder investment agreement to establish a US$2.5 billion fertiliser plant in Ethiopia. This project will create jobs locally, ensure a reliable [...]
AfDB to Arrange Financing for Ethiopia's US$ 10bn Mega Airport
Ethiopia has moved closer to building Africa's largest airport after signing a mandate letter with the African Development Bank (AfDB) to arrange financing for a new greenfield facility in Bishoftu. [...]Ethio Telecom Cements Market Lead with 73% Revenue Jump
Ethiopia's leading telco Ethio Telecom capped its three-year LEAD Growth Strategy with all-time high revenues and continued expansion across digital and network infrastructure, reinforcing its dominance in Ethiopia’s liberalizing telecoms [...]Safaricom Ethiopia Hits 10 Million Users Amid Rapid Expansion
Safaricom Plc shares rose 4.8% on Tuesday, closing at KSh 26.20, their highest since October 2022, after the telco company reported that its Ethiopian subsidiary has crossed the 10 million [...]Ethiopia Opens Doors to Foreign Banks, But With Tight Controls
Ethiopia has introduced a comprehensive directive—effective June 25, 2025—governing the licensing and operations of foreign banking institutions. While this move signals a major liberalization of one of Africa’s last closed [...]
