Business

Ethiopia’s Central Bank Sets USD 520 Million FX Auction Plan Through March 2026

Addis Ababa — November 20, 2025 — The National Bank of Ethiopia (NBE) has unveiled a detailed bi-weekly foreign exchange (FX) auction schedule for the remainder of the current fiscal year, allocating a combined USD 520 million to stabilize the market and reinforce transparency in FX distribution. According to the announcement, the central bank has

November 20, 2025 • By Addis Insight

Business

Ethiopia Adds Fourth Investment Bank as ECMA Licenses Awash Capital S.C.

Regulator pushes momentum in nascent capital market with 13 CMSPs now approved The Ethiopian Capital Market Authority (ECMA) has issued a Capital Market Service Provider (CMSP) license to Awash Capital S.C., authorizing the company to operate as an Investment Bank within a banking group—a move that signals growing confidence in Ethiopia’s newly emerging capital markets

November 20, 2025 • By Addis Insight

Business

Chapa Powers Ethiopia’s First Health SuperApp: Teninete Goes Live with Seamless Digital Payments

In just a couple of years, Chapa has become known nationwide for its speed, innovation, and frictionless digital payment infrastructure, an engine powering some of Ethiopia’s most influential institutions. From enabling smooth, secure, and instant digital payments for Ethiopian Airlines ticket purchases to becoming the primary digital payment method for platforms such as Ethiopia’s Digital

November 20, 2025 • By Addis Insight

Business

Ethiopian Airlines Signs Deal for 11 Additional Boeing 737 MAX Jets

Ethiopian Airlines, Africa’s largest carrier and one of Boeing’s most strategic global partners, has committed to purchasing 11 additional Boeing 737-8 MAX aircraft, further cementing its role as a major driver of aviation growth on the continent. The agreement, signed at the Dubai Airshow, marks a significant expansion of the airline’s narrowbody fleet and reinforces

November 17, 2025 • By Addis Insight

Business

Ethiopia’s 30% Fuel Tax Takes Effect Next Month as Government Pushes Toward Full Cost Recovery

Ethiopia is preparing to introduce a major shift in its fuel pricing regime, with a combined 30% tax on petroleum products set to take effect next month. The measure reflects the government’s wider move away from decades-long fuel subsidies as it pursues fiscal consolidation, tackles budget pressures, and advances the Homegrown Economic Reform Agenda. The

November 17, 2025 • By Addis Insight

Business

Ethiopia, RUSAL Advance Plan for $1 Billion Aluminium Smelter as MoU Signed

Addis Ababa — Ethiopian Investment Holdings (EIH) has signed a Memorandum of Understanding (MoU) with RUSAL, one of the world’s largest producers of low-carbon aluminium, to push forward plans for a major aluminium smelter in Ethiopia. The proposed plant will have an annual production capacity of 500,000 metric tons, positioning Ethiopia as a competitive player

November 14, 2025 • By Addis Insight

Business

Six Dead in Suspected Hemorrhagic Fever Outbreak in Ethiopia

Addis Ababa — A suspected outbreak of viral hemorrhagic fever in Jinka town, South Omo Zone, has claimed the lives of six people, among them a doctor and a nurse, intensifying concerns among health authorities and triggering an international emergency response. Local hospital officials who spoke to the BBC confirmed that the cause of the

November 13, 2025 • By Addis Insight

Business

IMF Flags Currency Risks as Kenya and Ethiopia Pivot to Yuan Debt Swaps

The International Monetary Fund has cautioned Kenya and Ethiopia over the rising financial risks tied to their recent decisions to convert portions of their Chinese loans from US dollars into Chinese yuan, warning that the strategy—while lowering immediate borrowing costs—may expose both economies to new layers of currency volatility. Kenya completed the shift on October

November 13, 2025 • By Addis Insight

Business

NBE Publishes Official List of Licensed Money Transfer Operators

The National Bank of Ethiopia (NBE) has released the official list of financial institutions authorized to provide money remittance and transfer services in the country, reaffirming that any unlicensed operation in this sector is illegal and punishable by law. In its announcement, the NBE emphasized that only licensed financial institutions are permitted to receive or

November 12, 2025 • By Addis Insight

Business

Commercial Bank of Ethiopia Unveils ‘CBE Beje,’ a Digital Salary-Backed Savings and Loan Platform

The Commercial Bank of Ethiopia (CBE), the country’s largest financial institution, has launched a new digital savings and loan service branded “CBE Beje”, marking another major step in the bank’s ongoing digital transformation strategy. The launch event in Addis Ababa was attended by CBE President Abe Sano, Executive Vice President for Corporate Services Afereem Mekuria,

November 11, 2025 • By Addis Insight