Ethiopia Sells $150M in Foreign Exchange Auction as Birr Weakens to 138.26/USD
Addis Ababa, August 5, 2025 — The National Bank of Ethiopia (NBE) has executed its largest foreign exchange auction to date, selling $150 million...
Ethiopian Airlines Reports $28 Million Loss from Domestic Flights, Confirms Ongoing Fund Freeze in Eritrea
Addis Ababa, August 5, 2025 — Ethiopian Airlines Group has reported a $28 million loss from its domestic flight operations over the past fiscal...
Starlink Launches in Somalia,But Triggers Political Tensions with Somaliland
Starlink, the satellite internet division of Elon Musk’s SpaceX, has officially launched operations in Somalia, delivering high-speed, low-latency broadband across the Horn of Africa...
Ethiopian Airlines to Begin Construction of $10 Billion Bishoftu Airport in November
Ethiopian Airlines Group has announced it will break ground in November 2025 on one of Africa’s most ambitious aviation infrastructure projects: the $10 billion...
Ethiopian Airlines Denies Reports of Aircraft Lease Talks with Russia
Addis Ababa – August 5, 2025Ethiopian Airlines Group CEO Mesfin Tasew has firmly denied reports claiming the airline is in negotiations to lease aircraft...
Wegagen Bank Secures $85M Trade Finance Boost from TDB and Afreximbank
Wegagen Bank has secured an $85 million international trade finance guarantee facility through partnerships with the Eastern and Southern African Trade and Development Bank...
