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Ethiopia Injects $500 Million in FX Auction as Birr Trades Near 153 per Dollar

By Addis Insight — February 21, 2026 Addis Ababa — Ethiopia’s central bank supplied $500 million to commercial banks through a special foreign-exchange auction on Friday, signaling continued efforts to stabilize the country’s dollar market as the birr trades near historic lows. The National Bank of Ethiopia (NBE) said banks bid for $455.29 million, leaving

February 21, 2026 • By Addis Insight

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MIDROC Investment Group Launches Ethiopia’s Largest Coal Beneficiation Plant

ADDIS ABABA – MIDROC Investment Group has officially inaugurated its state-of-the-art coal processing facility in the Arjo area of the Oromia Region, marking a strategic shift in Ethiopia’s industrial energy sector. The ceremony was attended by high-ranking officials, including Prime Minister Abiy Ahmed and Oromia Regional President Shimelis Abdisa. Strategic Import Substitution In a move

February 18, 2026 • By Addis Insight

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Museveni Appoints Aviation Veteran Girma Wake as Interim CEO of Uganda Airlines

Ugandan President Yoweri Museveni has appointed former Ethiopian Airlines Group Chairman and Chief Executive Officer Girma Wake as interim CEO and advisor to Uganda Airlines, in a bid to stabilize the state-owned carrier amid leadership turmoil and mounting financial losses. The appointment follows the resignation of Jennifer Bamuturaki, who stepped down as CEO after a

February 17, 2026 • By Addis Insight

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Ethiopia Trade Ministry Reports $5.1 Billion Exports, 2.3 Million Services in H1 2018 E.C.

Ministry of Trade and Regional Integration said first-half performance in the 2018 E.C. fiscal year exceeded targets across key indicators, underscoring momentum in exports, market access, and digital trade services. Speaking at the ministry’s six-month trade sector performance conference held in Dessie, officials reported that nationwide business registration and licensing delivered 2.31 million online services,

January 22, 2026 • By Addis Insight

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Carrefour to Enter Ethiopian Market Through Franchise Deal with MIDROC Affiliate

French retail giant has officially announced its entry into the Ethiopian market after signing a franchise agreement with , a subsidiary of . Under the agreement, Queens Supermarket will operate Carrefour-branded stores across Ethiopia, using Carrefour’s trademarks, operating standards, and product systems. Existing Queens Supermarket branches in Bole and other parts of Addis Ababa are

January 6, 2026 • By Addis Insight

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Ethiopia Ends Decades-Old Minimum Savings Rate as Central Bank Deepens Market-Driven Monetary Policy

Addis Ababa, Dec. 30, 2025 — Ethiopia’s central bank has scrapped the country’s long-standing 7% minimum savings deposit rate, a policy in place for decades, marking one of the most sweeping financial sector reforms in recent years as the National Bank of Ethiopia (NBE) moves toward a fully market-based interest-rate regime. The National Bank’s Monetary

December 30, 2025 • By Addis Insight

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Ethiopia Revokes Licenses of All Sports Betting Companies

The Ethiopian Lottery Service has officially revoked the licenses of all sports betting companies operating in the country, citing widespread legal violations, financial misconduct, and threats to national security. In a statement released on Thursday, the Lottery Service announced that the decision was taken in accordance with directives issued by the Government of the Federal

December 15, 2025 • By Addis Insight

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2.3 Million Failed Before, Half a Million Failed This Year: Ethiopia Can No Longer Deny Its Education Crisis

Dr. Hawi Kidanu Kebede When nearly half a million young Ethiopians are told they have failed their university entrance exam, what exactly do we mean? Who failed whom? This year, only eight percent passed, but this crisis did not begin today. In an interview aired by the Ethiopian Broadcasting Corporation (EBC) approximately five months ago,

December 9, 2025 • By Addis Insight

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Ethiopia Suspends Licenses of 22 Sports Betting Agencies Amid Massive Embezzlement Probe

The Ethiopian Lottery Service has suspended the operating licenses of 22 sports betting agencies, effective November 25, 2018, following a major multi-agency investigation into alleged large-scale embezzlement and illegal financial activities within the betting sector. According to the announcement, the decision follows intelligence reports indicating that several betting companies and their associates were involved in

December 4, 2025 • By Addis Insight

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Binance Confirms Talks With Ethiopian Regulators as Website Access Gets Restricted

Over the past three weeks, Ethiopia has quietly restricted access to major global crypto exchange websites — Binance, OKX, and Bybit — in what industry watchers describe as a “silent blockade” targeting unregulated peer-to-peer (P2P) crypto markets. While the exchanges’ mobile apps remain functional, their official websites are inaccessible from Ethiopian IP addresses without a

November 6, 2025 • By Addis Insight