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 [...]The Early Stages of ESG in Ethiopia's Banking Sector
For Ethiopia's banks and their emerging market peers, now is a critical moment to embrace ESG -not to mimic the West, but to carve a context-specific path that leverages ESG [...]
Ethiopia Triples EV Adoption in Two Years Amid Intense Policy Shifts, Incentives
Ethiopia is experiencing a sharp acceleration in electric vehicle adoption, within the number tripling from 4,600 in early 2023 to 14,000 EVs in early 2025 in Addis Ababa, according to [...]Ethiopia Eases Forex Rules to Boost Market Access, Flexibility
Addis Ababa, May 20, 2025 – The National Bank of Ethiopia (NBE) has introduced new foreign exchange reforms to improve access and transparency for importers, travelers, and the banking public. [...]
