Wegagen Bank Secures $85M Trade Finance Boost from TDB and Afreximbank
Wegagen Bank has secured an $85 million international trade finance guarantee facility through partnerships with the Eastern and Southern African Trade and Development Bank...
Ethiopia’s Halal Meat Exports Surge to $120 Million, Driven by Gulf Demand
Ethiopia has recorded a sharp increase in earnings from halal meat and livestock by-product exports, generating $120 million in the fiscal year ending June...
Ethiopian Airlines Reports Record $7.6 Billion Revenue in 2025 Fiscal Year
Ethiopian Airlines Group, Africa’s largest and most profitable carrier, has announced a record-breaking annual revenue of over $7.6 billion for the 2017 Ethiopian fiscal...
A $4.5 Billion Drop Overnight: What’s Behind the Shake-up of Al Amoudi’s Empire?
A Deal that Reshaped a Billionaire's Empire: How the Sale of Preem Erased $4.5B from Al Amoudi's Net Worth
ADDIS ABABA – A dramatic plunge...
Russia Turns to Ethiopian Airlines for Aircraft Amid Western Sanctions
Addis Ababa | August 3, 2025
As Western sanctions continue to isolate Russia’s aviation sector, Moscow is turning its gaze toward Africa—specifically, Ethiopian Airlines—as a...
National Bank of Ethiopia Warns Diaspora Against Using Unlicensed Money Transfer Operators
Addis Ababa, August 2, 2025 —In a stern public advisory issued today, the National Bank of Ethiopia (NBE) has warned the Ethiopian diaspora community...
