The National Bank of Ethiopia (NBE) has confirmed that two foreign banking institutions have formally applied to enter the domestic market through greenfield investments, establishing new operations from the ground up rather than acquiring stakes in existing local banks.
The development is the first clear indication that Ethiopia is beginning to dismantle its five-decade-long restriction on foreign participation in commercial banking.
“Currently, there are two foreign bank applicants whose applications are being processed by the central bank,” said Frezer Ayalew, Director of the Supervision Directorate at the National Bank of Ethiopia.
He said the institutions had chosen the greenfield route, seeking to establish new, fully foreign-owned banking operations in Ethiopia.
Ethiopia’s banking sector had been closed to foreign commercial banks since 1975, when the Derg military regime nationalised the country’s banks following the 1974 revolution. After the fall...
The Second Forum for Public-Private Partnership (PPP) Units in Africa opened in Addis Ababa under the theme, “Making Social Sector PPPs Work: From Policy Ambition to Effective Service Delivery.”
The two-day hybrid forum is co-organised by the United Nations Economic Commission for Africa (ECA), the African Development Bank (AfDB) and the African Legal Support Facility (ALSF). It brings together PPP...
For Bezawit Tibebu, fashion is not simply about clothing. It is a way of translating ideas, materials and the visual identity of Addis Ababa into forms that can move with the body. Trained in Architecture and Urban Planning, the founder and Creative Director of Tibebu Collection has drawn on her understanding of structure, space, proportion and material to develop...
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Suppliers to participate in the following tenders:
SN Tender SubjectClosing Date 1 Request For Proposal UNHCR RFP 3666 For the provision of consultancy services for Economic Vulnerability and Water tariff affordability assessment to support the transition to tariff-based...
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Contractors / Suppliers to participate in the following tender:
#Tender SubjectClosing Date1REQUEST FOR PROPOSSAL (RFP) UNHCR RFP 3655 FOR THE SUPPLY, INSTALLATION, COMMISSIONING OF HYBRID SOLAR POWER SYSTEMS FOR BURAMINO, HELAWEYN & MELKADIDA HEALTH CENTERS 19th October 2026 17:00 Hrs....
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Contractors / Suppliers to participate in the following tender:
#Tender SubjectClosing Date1REQUEST FOR QUOTATION REF. NO.: UNHCR RFQ 3588 FOR PRINTING SUPPLY AND DELIVERY OF HOSPITAL AND HEALTH CENTERS REGISTRATION BOOK AND POSTERS 2nd October...
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Contractors / Suppliers to participate in the following tender:
#Tender SubjectClosing Date1. 2.REQUEST FOR QUOTATION REF. NO.: UNHCR RFQ 3660 FOR PRINTING SUPPLY AND DELIVERY OF IT EQUIPMENTS REQUEST FOR QUOTATION REF. NO.: UNHCR...
Coffee beans, originating from the highlands of Ethiopia, travel thousands of kilometers to Central China's Henan province, quietly building a bridge for cross-border industrial cooperation between Henan and Africa.
Upon arrival at the Advanced Manufacturing Development Zone of Puyang county, Henan, beans from the African Plateau undergo a transformation: after roasting, grinding, cold extraction, and freeze-drying, the green beans turn...
One thing that choreographer Meti Negewo ’28 likes to tell aspiring members of Desta, her dance group is, “You don’t know how to dance? Come learn.”
Founded in 2022, Desta is the only Ethiopian and Eritrean dance group on campus. While the group focuses on dances from the two countries, they are also guided by other East African influences, incorporating...
By our staff reporter
The Mauritius Commercial Bank Limited (MCB) has provided a strategic financing package to Invictus Investment Company PLC (ADX: INVICTUS), a prominent agro-food enterprise operating in the Middle East and Africa. The package, structured as an acquisition finance and revolving credit facility, aims to support Invictus Investment’s expansion into new markets and strengthen its working capital position as it scales operations.
This financing agreement builds on the existing partnership between MCB and Invictus Investment and underscores a shared commitment to advancing food security...
By our staff reporter
Wingu Africa has launched Wingu Cloud Exchange (WCX), a locally hosted private cloud platform designed for the wider East African region.WCX gives organisations a secure, compliant, cost-effective, and easy-to-use alternative to offshore cloud services. With transparent local-currency pricing, rapid deployment, and instant scalability, it enables businesses to grow workloads without complexity or unpredictable costs. Launching first in Tanzania, the platform will gradually roll out across all Wingu markets, including Ethiopia and Djibouti.
WCX includes Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu...