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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…
Ethio Telecom, Partners Roll Out ‘Zooriya’ Digital Business Automation Platform
Addis Ababa, July 13, 2025 (FMC) — In a strategic move to accelerate Ethiopia’s digital economy, Ethio Telecom, Dashen Bank, and ETA Solutions have jointly launched “Zooriya”, an advanced…
Ethiopia Ushers in New Financial Era with Historic Securities Exchange Launch
Addis Ababa, July 11, 2025 (FMC)— Ethiopia has marked today a pivotal moment in its financial sector with the official listing and commencement of trading of Government Treasury Bills on the…
CBE’s Total Assets Reach 2.3 Trillion Birr as Customer Base Surpasses 43 Million
Addis Ababa, July 11, 2025 (FMC) — The Commercial Bank of Ethiopia (CBE) has announced that its total assets have climbed to 2.3 trillion birr, marking a major milestone in the bank’s…
Ethiopian Airlines launches first-ever direct flight to Hanoi, expanding reach in Southeast Asia
Addis Ababa, July 10, 2025 (FMC) — Ethiopian Airlines, Africa’s largest carrier and one of the world’s fastest-growing airline brands, has officially launched its first direct passenger…
Ethiopia’s coffee export revenues surpass $2.24 billion in 11 months
Addis Ababa, July 7, 2025 (FMC) — Ethiopia has generated over $2.24 billion from coffee exports in the first eleven months of the current fiscal year, according to the Ethiopian Coffee and…
Gov’t, private developers sign PPP agreements to boost housing, tourism, and health sectors
Addis Ababa, July 4, 2025 (FMC) — The Government of Ethiopia has signed a series of public–private partnership (PPP) agreements with seven private developers to accelerate investment in…
Digital transactions surge beyond 12.5 trillion birr as Ethiopia hits 55 million mobile money users
Addis Ababa, July 3, 2025 (FMC) — Ethiopia’s financial sector has witnessed remarkable growth this fiscal year, marked by an unprecedented surge in digital transactions that now total 12.5…