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Business
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…
Türkiye emerges as Ethiopia’s second-largest foreign investor
Addis Ababa, July 23, 2025 (FMC) -- Türkiye has become Ethiopia’s second-largest foreign investor, contributing nearly 2.5 billion USD spanning from textiles, agribusiness to digital…
Ethiopia’s Finance Ministry launches first-ever issuance calendar for T-Bills
Addis Ababa, July 22, 2025 (FMC) — As part of ongoing efforts to reform and modernize public finance management and to foster market-based deficit financing through domestic-currency…
Ethiopia secures record 32.1 billion USD in foreign revenues
Addis Ababa, July 22, 2025 (FMC) — Ethiopia generated a record 32.1 billion US dollars in foreign revenue during the 2024/25 fiscal year, marking a significant leap from the previous year’s…
Ethiopia aims to curb inflation and strengthen fiscal discipline in 2025/26
Addis Ababa, July 17, 2025 (FMC) – Ethiopia’s 2025/26 fiscal plan prioritizes reducing inflation to single digits while modernizing tax administration and ensuring fiscal discipline, the…
Ethiopia’s Economic Reforms Attract Growing Indian Investment Interest – Ambassador
Addis Ababa, July 13, 2025 (FMC) — India’s Ambassador to Ethiopia, Anil Kumar Rai, has lauded Ethiopia’s Homegrown Economic Reform Agenda as a game-changer that is drawing increasing…