Business

Ethiopia 2025: U.S. Report Flags Reforms and Corridor Risks

The U.S. State Department’s 2025 Investment Climate Statement on Ethiopia paints a picture of a country pulling in two directions at once: a government eager to court foreign capital and modernise its economy, and a political and regulatory environment that repeatedly unsettles the very investors it hopes to attract. Reform Momentum and Market Appeal The

September 29, 2025 • By Addis Insight

Business

NBE Lifts Credit Cap to 24% but Stops Short of Full Removal

Ethiopia’s Central Bank Holds Tight on Monetary Policy Ethiopia’s central bank unexpectedly opted for a partial easing of its credit controls, lifting the ceiling on commercial bank loan portfolio growth to 24% from 18%—but stopping well short of the full removal that investors, exporters and commercial lenders had widely expected. The announcement came late Monday

September 29, 2025 • By Addis Insight

Business

Ethiopia’s Central Bank Holds Interest Rate at 15% as Inflation Cools and Economy Strengthens

Addis Ababa — Ethiopia’s central bank kept its benchmark interest rate unchanged at 15% and opted for only a cautious loosening of credit growth limits, signaling that policymakers remain focused on containing inflation even as the economy shows signs of broad-based strength. The Monetary Policy Committee (MPC) of the National Bank of Ethiopia (NBE), which

September 29, 2025 • By Addis Insight

Business

Malaysia Reopens Embassy in Addis Ababa After 43 Years

Malaysia has officially re-established its diplomatic presence in Ethiopia, reopening its embassy in Addis Ababa after more than four decades of closure. The decision marks a significant step in strengthening political, economic, and cultural links between the two countries and underscores Malaysia’s growing interest in the African continent. Historic Closure and Reopening Malaysia’s Ministry of

September 29, 2025 • By Addis Insight

Business

Abyssinian Flight Launches First Tourist Charter to the Grand Ethiopian Renaissance Dam

Abyssinian Flight Services & Aviation Academy (AFS), one of Ethiopia’s leading private air charter operators, has inaugurated the first tourist charter flight to the Grand Ethiopian Renaissance Dam (GERD), positioning the iconic dam as a premier national tourism destination. The milestone flight, carrying Ethiopian-American diaspora visitors, took place on September 25, 2025, shortly after the

September 28, 2025 • By Addis Insight

Business

Ethiopia to Enforce 30% Tax on Petroleum Products in Current Fiscal Year

The Ministry of Finance has announced that it will fully implement a 30% tax on petroleum products during the current 2018 fiscal year. The tax comprises a 15% value-added tax (VAT) and a 15% excise duty. According to the ministry, this policy marks a significant shift in the country’s fiscal strategy and forms part of

September 28, 2025 • By Addis Insight

Business

Commercial Bank of Ethiopia Strikes North America Remittance Deal With Ramad Pay

The Commercial Bank of Ethiopia (CBE), the country’s largest financial institution, has signed a memorandum of understanding (MoU) with Ramad Pay, a North America–based money transfer company, in a move designed to capture a larger share of Ethiopia’s fast-growing remittance market and bring more of those flows into formal channels. Tapping Into a Multi-Billion Dollar

September 27, 2025 • By Addis Insight

Business

Ethiopian Interbank Money Market Hits 1 Trillion Birr in Cumulative Trades

Addis Ababa — Ethiopia’s interbank money market has crossed a symbolic threshold, with cumulative trades surpassing 1 trillion birr less than a year after the platform’s launch. The milestone underscores the rapid evolution of the country’s nascent money markets and signals a deepening of financial-sector reforms. Rapid Growth Under a New Policy Regime Launched in

September 26, 2025 • By Addis Insight

Business

Ethiopia Unveils Record 1.93 Trillion Birr Citizens’ Budget to Power Post-War Recovery and Growth

Addis Ababa — Ethiopia’s Ministry of Finance has released a record-breaking 1.93 trillion birr ($33.7 billion) national budget for the Ethiopian Fiscal Year (EFY) 2018 (July 2025–June 2026), marking a bold pivot toward post-war reconstruction, macroeconomic reform, and long-term sustainable growth. The “Citizens’ Budget,” a simplified public-facing version of the official plan, aims to demystify

September 25, 2025 • By Addis Insight

Business

Ethiopia’s T-Bill Market Draws Heavy Bids as Finance Ministry Reforms Gain Traction

Addis Ababa — Ethiopia’s Treasury-bill market is attracting record investor interest after a series of debt-market reforms, signaling a new phase of domestic borrowing that could reduce the country’s reliance on external lenders. The Finance Ministry said it raised 111.1 billion birr ($1.9 billion) in the first two months of the 2025/26 fiscal year—exceeding a

September 25, 2025 • By Addis Insight