PM Abiy Accuses Embassies of Economic Misconduct and Black Market Ties in Ethiopia
Prime Minister Abiy Ahmed (Dr.) today made a bold statement during a parliament address, pointing to unnamed embassies…
Category: Market
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…
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…
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…
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…
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…
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…
Zemen Bank Achieves Record 3.77 Billion Birr Profit Amid Economic Challenges
Zemen Bank has reported a significant profit of 3.77 billion birr for the 2023 fiscal year, marking a…
Don’t Confuse Ethio Telecom with GERD Bonds: The Investment You Need to Understand
By- Tsegamlak Solomon Ethio Telecom is Not GERD: Your Money is Not a Matter of Patriotism! Misguided Patriotism…
How Ethiopia Can Achieve 4% Growth by 2026: World Bank’s Insights on Inflation, Currency, and Investment
Ethiopia, like much of Sub-Saharan Africa, is navigating a complex economic landscape shaped by inflation, fiscal challenges, and…
