IFC Approves $80M Loan to Upgrade Sheraton Addis and Build New Luxury Hotel
ADDIS ABABA — The International Finance Corporation (IFC) has officially finalized an $80 million long-term loan to MIDROC Ethiopia PLC. The major funding package...
Ride-Hailing Giant Yango Expands to Hawassa, Launching First Ethiopian Operation Outside Addis Ababa
HAWASSA, ETHIOPIA — Yango, the international tech company and prominent ride-hailing service provider, has officially launched its operations in Hawassa. This strategic move marks...
Ethiopia Allows Foreign Investors, Embassies to Import Own Fuel Under ‘Franco-Valuta’
The National Bank of Ethiopia (NBE) has issued a new directive permitting foreign direct investors, embassies, and international organizations to import refined petroleum using...
Air Congo to Launch Kinshasa-Brussels Flights via Ethiopian Airlines Partnership
Air Congo is set to break a years-long drought for Congolese carriers in Europe. Beginning July 1, 2026, the startup flag carrier will launch...
IMF and Ethiopia Reach Staff-Level Agreement on $468 Million Disbursement Amid Promising Economic Reforms
International Monetary Fund (IMF) and senior Ethiopian government officials have reached a crucial staff-level agreement that will pave the way for the disbursement of...
Ethiopian Airlines to Resume Kuwait Flights in June Following Middle East Cancellations
ADDIS ABABA – Ethiopian Airlines, Africa’s largest aviation group, has officially announced the upcoming resumption of its passenger flight services to Kuwait City. The...
