Business

Ethiopia Sets FX Auction Rate at 157 Birr/USD as Demand Hits USD 241 Million

The National Bank of Ethiopia (NBE) has announced the results of its latest foreign exchange auction, allocating USD 70 million to participating banks as part of its ongoing efforts to stabilize the forex market and improve access to hard currency. According to the official statement released on Tuesday, the total bid amount submitted by commercial

March 18, 2026 • By Addis Insight

Business

Ethiopian Airlines to Resume Passenger Flights to Atlanta

Addis Ababa — Ethiopian Airlines has announced that it will resume passenger flights to Atlanta, one of the United States’ largest aviation hubs, beginning May 13, 2018, marking a strategic expansion of its North American network. According to the airline, the route will operate three times per week as a direct service between Addis Ababa

March 18, 2026 • By Addis Insight

Business

Awash Bank Registers 54 Million Shares as Ethiopia’s Capital Market Gains Momentum

Addis Ababa, Ethiopia — has formally registered more than 54 million ordinary shares with the (ECMA), marking a critical step toward its anticipated listing on the country’s nascent stock exchange. In a public notice issued on March 16, the regulator confirmed that 54,066,089 existing shares held by current shareholders have been approved for registration. The

March 17, 2026 • By Addis Insight

Business

Ethiopia Announces Temporary Amnesty for Ethiopian-Origin U.S. Citizens Facing Overstay Penalties

Addis Ababa, March 16, 2026 — Ethiopia’s Immigration and Citizenship Service (ICS) has issued an urgent directive offering partial and full penalty waivers for Ethiopian-origin U.S. citizens who have overstayed their legal residence in the country, signaling a rare administrative amnesty aimed at regularizing immigration status and easing compliance. The measure, announced in an official

March 17, 2026 • By Addis Insight

Business

Ethiopian Cargo Joins Freightos Digital Booking Platform to Expand Global Freight Access

Addis Ababa — March 12, 2026 Ethiopian Cargo & Logistics Services, Africa’s largest air cargo operator, will join the global digital freight booking platform Freightos by the end of March, marking a significant step in the airline’s digital transformation strategy and expanding online cargo booking capabilities across its global network. The integration will allow freight

March 13, 2026 • By Addis Insight

Business

Ethiopia Moves to Unlock Potash Wealth as Ethiopian Investment Holdings Signs Mining Deal

Addis Ababa — Ethiopia has taken a new step toward developing its mineral resources after Ethiopian Investment Holdings (EIH) signed a potash mining agreement with the Ministry of Mines (Ethiopia), a move officials say could help transform the country into a significant player in the global fertilizer supply chain. The agreement was signed by Brook

March 13, 2026 • By Addis Insight

Business

Prime Minister Abiy Ahmed Arrives in UAE for Working Visit

Prime Minister Abiy Ahmed (Dr.) has arrived in the United Arab Emirates for a working visit, according to an announcement from the Prime Minister’s Office on Thursday. During the visit, Abiy is expected to hold talks with senior UAE officials on bilateral relations and other issues of mutual interest. The trip comes shortly after the

March 12, 2026 • By Addis Insight

Business

Ethiopia Introduces New Immigration Fees, Launches $10,000 Golden Visa

Ethiopia has approved a sweeping revision of immigration and citizenship service fees, introducing a new 10-year Golden Visa priced at $10,000 and sharply increasing charges for several premium passport and residency services. The new regulation, endorsed by the Council of Ministers, will take effect once it is published in the Negarit Gazette. Officials say the

March 11, 2026 • By Addis Insight

Business

Fuel Prices Raised Across Ethiopia as Government Responds to Higher Global Oil Costs

Ethiopia has increased fuel prices nationwide, with retail rates for key petroleum products rising by as much as 10 birr per liter effective March 10, 2026, according to a directive issued by the Ministry of Trade and Regional Integration. Under the new pricing structure, white diesel rose by 10 birr to 139.84 birr per liter,

March 11, 2026 • By Addis Insight

Business

Ethiopia’s Hotel Pipeline Nears 6,000 Rooms as COP32 Preparations Gain Pace

Ethiopia is emerging as one of Africa’s most active hotel development markets, with nearly 80 percent of its pipeline rooms already under construction, the highest ratio on the continent, as the country accelerates preparations to host the COP32 climate conference in 2027. According to the 2026 Hotel Chain Development Pipelines in Africa report by W

March 11, 2026 • By Addis Insight