NBE’s Directive on Fuel Imports Raises Concerns of Increased Activity in Parallel Markets
The National Bank of Ethiopia (NBE) has shifted a significant portion of the foreign currency responsibilities for fuel imports to commercial banks. As part...
How Ethiopia’s Floating Birr is Reshaping Trade for Exporters and Importers
Post Floating: Are Businesses Staying Ahead of the Curve?
The recent shift to a market-based exchange regime is affecting businesses across all sectors, from small...
Fitch Upgrades Ethiopia’s Credit Rating Amid Economic Reforms and Eased Financial Pressures
October 28, 2024 – Fitch Ratings has raised Ethiopia’s Long-Term Local-Currency (LTLC) Issuer Default Rating to ‘CCC+’ from ‘CCC-‘, citing easing financial pressures and...
Ethiopian Shipping and Logistics Eyes Six New Ships to Meet Ethiopia’s Rising Import-Export Needs
Executives at Ethiopia’s state-owned Ethiopian Shipping and Logistics Services Enterprise (ESLSE) are advancing plans to add six bulk cargo ships to their fleet as...
Ethio Foreign Exchange Bureau Goes Operational: A New Era in Currency Trade
Unveiling Ethiopia's First Independent Forex BureausThe National Bank of Ethiopia (NBE) has recently granted operational licenses to five new independent foreign exchange bureaus, marking...
Ministry of Finance Greenlights Entry of Fuel Vehicles Stuck at Djibouti and Dire Dawa Ports
Addis Ababa, October 19, 2024 – The Federal Democratic Republic of Ethiopia’s Ministry of Finance, in collaboration with the Customs Commission, has issued a...
