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Ethiopian Airlines CEO Hails Bishoftu Airport as Game Changer for African Aviation
Addis Ababa, January 11, 2026 (FMC) — The construction of Bishoftu International Airport (BIA) has been hailed as a landmark development for Ethiopia and the wider African aviation sector,…
Ethiopia Phases Out Old Manual Receipts Without QR Codes to Strengthen Tax Compliance
Addis Ababa, January 8, 2026 (FMC) — Ethiopia’s Ministry of Revenue (MoR) announced that manual sales receipts without a unique identification code will no longer be valid starting January…
NBE Sets Average Dollar Rate at Birr 154.87 in Latest Forex Auction
Addis Ababa, January 6, 2026 (FMC) – The National Bank of Ethiopia (NBE) today announced the results of its 14th foreign exchange auction conducted today.
The central bank reported that…
Queen’s Supermarkets, Carrefour Seal Franchise Deal to Expand Modern Retail in Ethiopia
Addis Ababa, January 6, 2026 (FMC) — Queen’s Supermarkets PLC, a subsidiary of MIDROC Investment Group, has entered into a franchise and supply partnership with global retailer Carrefour, a…
Manufacturing sector aims to generate $5.6 billion through import substitution in fiscal year…
Addis Ababa, January 4, 2026 (FMC) – Ethiopia’s manufacturing sector is projected to generate $5.6 billion in import substitution production during the 2018 (2025/26) Ethiopian budget year,…
Ethiopia Reaches Agreement in Principle With Bondholders on Restructuring of 2024 Notes
Addis Ababa, January 2, 2026 (FMC) — Ethiopia has reached an agreement in principle with an Ad Hoc Committee of bondholders on the principal financial terms for the restructuring of its US$1…
Dire Dawa Free Trade Zone Boosts Trade Efficiency and Investor Confidence – IPDC Chief
Addis Ababa, December 30, 2025 (FMC) – The Dire Dawa Free Trade Zone is already demonstrating promising results in enhancing Ethiopia’s trade and logistics system, Industrial Parks…
NBE maintains tight monetary stance, raises reserve requirement and lifts minimum saving rate
Addis Ababa, December 30, 2025 (FMC) – The National Bank of Ethiopia (NBE) has decided to maintain its tight monetary policy stance, raise reserve requirements, and remove the minimum saving…
Ethiopia’s Central Bank Warns Against Illegal Remittance Channels, Urges Diaspora to Use Licensed…
Addis Ababa, December 29, 2025 (FMC) — The National Bank of Ethiopia (NBE) has issued a strong public warning against the use of unlicensed money transfer agents and illegal Hawala networks,…
Ethiopian Coffee Trading Center Inaugurated in Zhuzhou to Strengthen Access to Chinese Market
Addis Ababa, December 28, 2025 (FMC) — Ethiopia has strengthened its coffee trade engagement with China following the inauguration of a specialty Ethiopian coffee trading center in Zhuzhou,…