Ethiopia has solidified its position as the premier destination for Kenya’s informal cross-border trade,...

The foreign-exchange auction turns two this month. Its 25 rounds since August 2024 have...

Ethiopia’s insurance industry is approaching what could become its most significant regulatory reform in decades. Under a draft proclamation expected to be enacted this year, insurance supervision would shift from the National Bank of Ethiopia (NBE) to an independent regulatory authority. For a sector long sheltered from foreign capital and overshadowed by the banking industry, the draft proclamation signals a major transformation. Developed with World Bank support, the proposed reform could bring the most consequential structural change the Ethiopian insurance market has seen in recent history. A central feature of the draft is the removal of the long-standing practice of composite licensing, which allows insurance companies to offer both life and non-life, or general, insurance under a single corporate structure. Under the proposed framework, new entrants would no longer be granted composite licences. Entities seeking to provide...

The National Bank of Ethiopia (NBE) has announced a pivotal step toward formalizing the...

Ethiopia’s growing interest-free banking and Takaful industries took centre stage on Aug. 17 as...

Ray Dalio’s ‘How Countries Go Broke: The Big Cycle’ is not a book about one country, one government or...

The prospect of another war in northern Ethiopia should alarm every Ethiopian, every neighbour and every international partner that...

The images have become painfully familiar: overcrowded boats drifting across the Mediterranean, exhausted migrants stranded at fortified borders, and...

Ethiopia’s fiscal debate has become dangerously familiar: whenever revenue falls short, the easiest answer is to ask the same...