Commercial Bank of Ethiopia Channels Over 91% of New Lending to Private Sector in First Half
Addis Ababa — Ethiopia’s largest lender said it directed the vast majority of its new credit to private businesses in the first half of...
IFC Considers $80 Million Loan to Back MIDROC’s Sheraton Addis Expansion and New Hotel Project
Addis Ababa, Jan. 22, 2026 — The (IFC) is considering an $80 million A-loan to support the refurbishment of the landmark Sheraton Addis and...
Ethiopian Investment Holdings Drives $250 Million Flagship Hotel Push in Addis Ababa
Ethiopia is accelerating a shift toward active ownership of state assets, placing hospitality and luxury hotels at the center of a broader strategy to...
How Ethiopian Airlines Turned Air Congo Into a Domestic Power
In just 12 months, the Democratic Republic of the Congo’s aviation landscape has undergone a tectonic shift. Air Congo, the joint venture between the...
MIDROC Investment Group Acquires Historic Wabi Shebele Hotel, Plans Marriott Autograph Collection Renovation
Addis Ababa — MIDROC Investment Group has acquired the historic Wabi Shebele Hotel, marking a major investment in Ethiopia’s hospitality sector ahead of the...
17 New Levies: Ethiopia Broadens Disaster Fund Financing Across Banks, Telecoms, and Transport
Ethiopia has enacted a sweeping framework to finance its Disaster Risk Response Fund, drawing contributions from banks, insurers, telecom operators, transport services, fuel suppliers,...
