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...
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...
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...
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,...
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...
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...
