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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…
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,…