Browsing Category
Business
PM Abiy: Prudent debt management and fiscal discipline underpin Ethiopia’s fast-growing economy
Addis Ababa, February 3, 2026 (FMC) — Prime Minister Abiy Ahmed (PhD) told Ethiopian lawmakers today that his country has made significant progress in debt reduction, revenue mobilization,…
Ethiopia earns $5.1 billion from merchandise exports in first six months, PM Abiy reports
Addis Ababa, February 3, 2026 (FMC) — Prime Minister Abiy Ahmed (PhD) told lawmakers today that Ethiopia has recorded $5.1 billion in merchandise exports during the first six months of the…
Ethiopia Launches First Automated Interbank Foreign Exchange Market
Addis Ababa, January 28, 2026 (FMC) — Ethiopia has launched its first Automated Interbank Foreign Exchange trading market, marking a major step in modernizing the country’s foreign exchange…
Ethiopia and U.S. Review Reform Progress, Investment and Economic Cooperation
Addis Ababa, January 28, 2026 (FMC) — Ethiopia’s Minister of Finance, Ahmed Shide, on Tuesday held high-level talks with U.S. Deputy Secretary of State Christopher Landau, focusing on…
CBE Plays Central Stabilizing Role Amid Ethiopia’s Foreign Exchange Reforms, Says Finance Minister
Addis Ababa, January 27, 2027 (FMC) — The Commercial Bank of Ethiopia (CBE) has assumed a central role as a financial stabilizer amid Ethiopia’s ongoing foreign exchange market reforms,…
Trade Reform and Modern Logistics Redefine Ethiopia’s Market Landscape – Minister
Addis Ababa, January 27, 2026 (FMC) — Ethiopia’s ongoing trade sector reforms, coupled with investments in modern logistics infrastructure, are driving fundamental change and reshaping the…
Ethiopia and World Bank review reform progress and expand strategic development cooperation
Addis Ababa, January 26, 2026 (FMC) — Ethiopia’s Minister of Finance, Ahmed Shide, held discussions today with Wencai Zhang, Managing Director and Chief Administrative Officer of the World…
Ethiopia Directs Banks to Use Customs Prices for Letters of Credit and Import Permits
Addis Ababa, January 25, 2026 (FMC) — National Bank of Ethiopia (NBE) has directed all banks to apply Ethiopian Customs Commission indicative prices when opening Letters of Credit and…
Ethiopia’s Import Substitution Policy Delivers Major Economic Gains – Minister
Arba Minch, January 24, 2026 (FMC) — Ethiopia’s strategic focus on import substitution is yielding significant economic and industrial benefits, according to the Ministry of Industry, as the…
Ethiopia Surpasses $5.1 Billion in Export Revenue in First Half of Fiscal Year
Addis Ababa, January 22, 2026 (FMC) – Ethiopia has earned over 5.1 billion US dollars in export revenue during the first six months of the fiscal year, exceeding its target by a significant…