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Central Bank Governor Discusses Investment Climate, Cross-Border Remittances with U.S. Ambassador
Addis Ababa, August 11, 2025 (FMC) — National Bank of Ethiopia Governor Mamo Mihretu held a productive meeting with U.S. Ambassador to Ethiopia Ervin Massinga to discuss key initiatives…
Macroeconomic reforms triple Ethiopia’s power export revenues, says EEP
Addis Ababa, August 7, 2025 (FMC) — Ethiopia’s ongoing macroeconomic reforms have significantly boosted the country’s foreign exchange earnings from electricity exports, the state-owned…
NBE Reports Tripling of FX Reserves, Expands Auctions to Stabilize Market and Curb Illicit Trading
Addis Ababa, August 6, 2025 (FMC) – The National Bank of Ethiopia (NBE) has announced that the country's foreign currency reserves have tripled over the past fiscal year, a development it…
Ethiopian Airlines group reports $7.6 Billion revenue for 2024/25 fiscal year
Addis Ababa, August 5, 2025 (FMC) – Ethiopian Airlines Group has reported a revenue of $7.6 billion for the 2024/2025 fiscal year, marking a significant achievement in the carrier’s…
Ethiopia Earns $118 Million from Regional Power Exports in 2024/25 FY
Addis Ababa, August 4, 2025 (FMC) — Ethiopia earned over $118 million from electricity exports to neighboring countries during the 2024/25 Ethiopian fiscal year (2017 E.C.), the state-run…
Domestic enterprises slash Ethiopia’s import bill, drive export growth
Addis Ababa, August 4, 2025 (FMC) — Ethiopia saved more than $1.6 billion in the 2024/25 (2017 E.C.) fiscal year through the production of import-substituting goods by local manufacturing…
Ethiopia’s central bank warns the public, Diaspora against using unlicensed money transfer…
Addis Ababa, August 2, 2025 (FMC) — The National Bank of Ethiopia (NBE) has issued a strong public notice to the Ethiopian diaspora and general public, warning against the use of unlicensed…
Ethiopia, IFAD Sign $69.2 Million Grant Agreement to Boost Climate Resilience in Lowland Areas
Addis Ababa, July 29, 2025 (FMC) — The Government of Ethiopia and the International Fund for Agricultural Development (IFAD) have signed a USD 69.2 million grant agreement to launch the…
Indian Investor Urges Global Investors to Seize Emerging Business Opportunities in Ethiopia
Addis Ababa, July 26, 2025 (FMC) — Rajeev Sharma, an Indian investor and long-time resident of Ethiopia, has expressed strong confidence in Ethiopia’s economic resilience, ongoing growth,…
Ethiopian Airlines’ Urumqi link becomes key cargo corridor between Africa and Asia
Addis Ababa, July 24, 2025 (FMC) – An executive from Ethiopian Airlines, Africa's leading carrier and one of the fastest-growing global airline brands, has described the airline’s new cargo…