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Fertilizer investment agreement with Dangote Group heralds Ethiopia’s “New Economic Renaissance”…
Addis Ababa, August 28, 2025 (FMC) — Ethiopia’s Finance Minister Ahmed Shide has described the fertilizer investment agreement signed with the Dangote Group as a historic milestone that will…
Ethiopia and Colombia Convene Business Roundtable to Expand Economic Cooperation
Addis Ababa, August 26, 2025 (FMC) — Ethiopia and Colombia convened a high-level business roundtable today at the Hyatt Regency Hotel in Addis Ababa, bringing together senior government…
Ethio telecom unveils “Next Horizon” strategy, targets 235.8 Billion birr revenue in 2018 EFY
Addis Ababa, August 26, 2025 (FMC) – State-owned operator Ethio telecom has launched its new three-year roadmap, the “Next Horizon: Digital & Beyond 2028 Strategy,” alongside its 2018…
CBE disburses $1.3 billion in FX in six weeks
Addis Ababa, August 17, 2025 (FMC) — The Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, confirmed that it has released more than $1.3 billion in foreign exchange…
Ethiopia gazettes provisional tariff concessions, paving way for AfCFTA trade benefits
Addis Ababa, August 15, 2025 (FMC) — Ethiopia has officially published its Provisional Schedule of Tariff Concessions (PSTCs) in the national gazette, a decisive move toward fully…
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…