NBE Aligns Bank FX Pricing With Customs Rates for Letters of Credit
Addis Ababa, Ethiopia — January 17, 2026
The National Bank of Ethiopia (NBE) has announced a new directive requiring commercial banks to use Ethiopian Customs...
MIDROC Unveils 5-Hotel Expansion Plan Ahead of Ethiopia’s COP32 Hosting
Addis Ababa — MIDROC Investment Group has unveiled a sweeping expansion of its hospitality portfolio, announcing plans to build and acquire multiple internationally branded...
Ethiopian Airlines to Suspend Atlanta Passenger Service From February
Addis Ababa — Ethiopian Airlines will temporarily suspend passenger flights between Addis Ababa and Atlanta beginning early February 2026, narrowing the carrier’s U.S. network...
Ministry of Justice Unfreezes StarPay and YagoutPay Accounts After Compliance Review
Addis Ababa — Ethiopia’s Ministry of Justice has lifted account freezes on StarPay Financial Technology and YagoutPay Financial Technology, two of ten digital payment...
Commercial Bank of Ethiopia Channels Over 91% of New Lending to Private Sector in First Half
Addis Ababa — Ethiopia’s largest lender said it directed the vast majority of its new credit to private businesses in the first half of...
IFC Considers $80 Million Loan to Back MIDROC’s Sheraton Addis Expansion and New Hotel Project
Addis Ababa, Jan. 22, 2026 — The (IFC) is considering an $80 million A-loan to support the refurbishment of the landmark Sheraton Addis and...
