Stanbic’s Ethiopia Ambition Signals a New Phase in Africa’s Banking Race
Ethiopia’s Banking Liberalization Faces Its First Major Test
Ethiopia’s gradual opening of its banking sector is beginning to attract the kind of strategic attention policymakers...
IFC Approves $80M Loan to Upgrade Sheraton Addis and Build New Luxury Hotel
ADDIS ABABA — The International Finance Corporation (IFC) has officially finalized an $80 million long-term loan to MIDROC Ethiopia PLC. The major funding package...
Ride-Hailing Giant Yango Expands to Hawassa, Launching First Ethiopian Operation Outside Addis Ababa
HAWASSA, ETHIOPIA — Yango, the international tech company and prominent ride-hailing service provider, has officially launched its operations in Hawassa. This strategic move marks...
Ethiopia Allows Foreign Investors, Embassies to Import Own Fuel Under ‘Franco-Valuta’
The National Bank of Ethiopia (NBE) has issued a new directive permitting foreign direct investors, embassies, and international organizations to import refined petroleum using...
Air Congo to Launch Kinshasa-Brussels Flights via Ethiopian Airlines Partnership
Air Congo is set to break a years-long drought for Congolese carriers in Europe. Beginning July 1, 2026, the startup flag carrier will launch...
IMF and Ethiopia Reach Staff-Level Agreement on $468 Million Disbursement Amid Promising Economic Reforms
International Monetary Fund (IMF) and senior Ethiopian government officials have reached a crucial staff-level agreement that will pave the way for the disbursement of...
