Ethiopia's Parliament Ratifies Africa Finance Corporation Membership
Ethiopia's House of People's Representatives has approved the country's accession to the Africa Finance Corporation (AFC). After the vote, Ethiopia's State Minister of Finance Dr. Eyob Telakign said joining the [...]
Ethiopia to Allow Foreigners to Own Real Estate
Ethiopia's Council of Ministers has ratified a draft law that will define how foreigners can own real estate, as the country reforms its laws to encourage foreign investment. Ethiopia has [...]
Ethio Telecom Raises Just 10% of Target in Historic IPO
Ethio Telecom's historic IPO has opened up the country's telecom sector to private ownership but falls short of fundraising targets. Why the Modest Uptake? While the IPO's immediate financial outcome [...]
How Ready Are Ethiopia's Retail Investors for the Stock Market?
After decades of operating a closed financial system, Ethiopia is entering a new economic era with the establishment of the Ethiopian Securities Exchange (ESX). The idea of a functioning capital [...]
Kenya, Ethiopia Sign Pact to Boost Trade, Collaborate on AfCFTA
Kenya and Ethiopia have signed a landmark agreement to ease cross-border trade, setting a $1,000 threshold for goods moving through the Moyale border under the African Continental Free Trade Area [...]
Why Foreign Flower Farms in Ethiopia are Shifting to Kenya, Uganda
Some foreign-owned flower firms are now shifting their operations from Ethiopia to Kenya and Uganda as conflict in the Amhara region disrupts Ethiopia's horticulture sector. “The closure of our Kunzila [...]Ethiopia to Hold Foreign Exchange Auctions Every Two Weeks
The National Bank of Ethiopia will begin regular foreign exchange auctions, starting with a US$50 million auction on April 1st. Since the launch of a comprehensive program of macroeconomic reforms [...]Ethiopia Maintains Benchmark Rate to Control Inflation
The National Bank of Ethiopia (NBE) has maintained the 15% benchmark rate to temper inflation and anchor exchange rate expectations at its second Monetary Policy Committee (MPC) meeting. The Committee [...]Africa's Richest Man Aliko Dangote Doubles Down on Ethiopia Investments
The richest man in Africa, Aliko Dangote, will set up a second production line at his cement factory in Ethiopia increasing its capacity to 5 million tonnes per annum, [...]Safaricom Ethiopia's M-PESA Revenue Dips Despite 245% Jump in Registrations
The number of registered M-PESA customers in Safaricom Ethiopia increased by 245% to 10.8 million as at December 2024 from 3.1 million December 2023, driven by airtime purchases and cross [...]National Bank of Ethiopia Maintains Benchmark Rate at Inaugural MPC Meeting
The National Bank of Ethiopia has maintained the country's benchmark rate at 15% citing the need to reduce the still elevated inflation rate and also the importance of anchoring exchange [...]Ethiopia's Parliament Approves Entry of Foreign Banks
Ethiopia will allow foreign banks to tap into the country's financial sector by setting up subsidiaries, branches or representative offices. The new proclamation will also allow foreign banks to buy [...]
