Fitch Upgrades Ethiopia’s Local Currency Rating Amid Macroeconomic Reforms
April 26, 2025
Hong Kong – Fitch Ratings has upgraded Ethiopia's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) from 'CCC-' to 'CCC+', citing easing financing...
Ethio Telecom Sells Only 10.7% of 100 Million Shares After 121 Days of IPO Offering
Share Sale Results: Only a Fraction Sold
Six months after launching Ethiopia’s first-ever Initial Public Offering (IPO), Ethio telecom announced it had sold just 10.7...
Lemi National Cement Powers Ethiopia’s Construction Boom with Over 12 Million Quintals Delivered
Lemi National Cement PLC is making major waves in Ethiopia’s construction industry, having supplied more than 12 million quintals of cement in just six...
National Bank of Ethiopia Launches Modernized Ethiopian Automated Transfer System
The National Bank of Ethiopia (NBE) has officially launched the enhanced Ethiopian Automated Transfer System (EATS), a landmark upgrade that now operates using the...
Kenya Poised to Surpass Ethiopia as East Africa’s Largest Economy in 2025
April 23, 2025 | Africa Economics Desk
Kenya is on track to overtake Ethiopia as East Africa’s largest economy this year, according to projections from...
Boeing Expands African Presence with New Office in Addis Ababa
Addis Ababa, Ethiopia – April 23, 2025 – In a move underscoring its long-term commitment to the African aviation industry, Boeing has officially opened...
