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UN allocates $8.5 million emergency fund for northern Ethiopia amid escalating conflict

The United Nations has allocated an additional $8.5 million from the Central Emergency Response Fund (CERF) to address rapidly growing humanitarian needs in northern...

UAE-backed Beginnings fund pledges $90 million to improve maternal care in Ethiopia

The Beginnings Fund, a philanthropic initiative backed by the Mohamed bin Zayed Foundation for Humanity, has launched a US$90 million, five-year partnership with the...

MoF allocates 73.23 billion birr to one-year T-Bills

Ministry of Finance (MoF) plans to issue 73.23 billion birr in one-year Treasury Bills (T-Bills) as part of a total 133.97 billion birr issuance...

Fx auction records higher demand after September undersubscription

Ethiopia’s foreign exchange auction recorded stronger demand in October, with bids exceeding the amount offered by the National Bank of Ethiopia (NBE), reversing the...

The Russian-Ethiopian Agro-Industrial Partnership: Investment, Technology, Food Security

Ethiopia is experiencing one of the most remarkable agricultural booms on the continent: the country’s wheat production has more than tripled over the past...

China Southern Launches New Guangzhou–Addis Ababa Route

China Southern Airlines has launched a new air route connecting Guangzhou and Addis Ababa, providing a direct air link between Ethiopia and one of...

Airbus forecasts 150% rise in per capita Air travel in Ethiopia

Ethiopia’s per capita air travel is projected to increase by 150 percent over the next two decades, while the country’s origin-and-destination passenger traffic is...

Ethiopia imposes strict investor eligibility rules on Dangote Petroleum Securities Offer

The Ethiopian Capital Market Authority (ECMA) has imposed strict investor eligibility and marketing requirements on the proposed offering of Dangote Petroleum and Petrochemicals securities...

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