Business
Default looms as Fitch downgrades Ethiopia amidst debt restructuring...
Exacerbated by the hard currency crunch and substantial gaps in external financing, Ethiopia risks defaulting on its debt services,...
Ethiopia’s maiden stock exchange gets founding CEO
The recently formed board of directors of the Ethiopian Securities Exchange (ESX) has endorsed a key figure vital to...
Investment security drives China-Ethiopia police training hub
In an effort to bolster security for burgeoning Chinese investments across Ethiopia and the Horn of Africa region, plans...
Red-flag bequeaths ‘luxury items’ importation only one-month window
No-more room for fuel automobiles importation
Businesses that started process before government placed the importation ban on 38 commodities, are...
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Insurance Fund considers reselling T-bills to NBE in case...
The cash-strapped Ethiopian Deposit Insurance Fund (EDIF) is considering reselling Treasury bills worth 1.5 billion birr back to the...
Edible oil giants Shemu, WA forced to halt production...
Major edible oil factories have been forced to halt production for months, causing significant disruptions in the domestic processing...
Ethiopia nears completion of securities depository system procurement with...
Procurement process of the Central Securities Depository (CSD) system for Ethiopia’s upcoming stock exchange is reaching its final stage,...
Dashen’s forex mobilization doubles in three years, marks USD1...
Dashen Bank ended the fiscal year last June mobilizing a billion USD worth foreign currencies, a 43 percent increase...
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Ethiopia ranks among best performers in Tobacco Interference Index
The Africa Tobacco Industry Interference Index (ATII) in its 2023 survey ranked Ethiopia among countries with the lowest rates...
Gov’ts forex allocation draws ire from edible oil processors
Local edible oil processors air grievances over what they perceive as the government's improper allocation of foreign currency, which...
