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 involved in activities he described as...
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...
Parliament to Review New Urban Land Leasing Decree Allowing Negotiations
A bill allowing the transfer of urban land through lease will be submitted to Parliament.
In addition to auctions and allocations of urban land, a...
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...
