Tuesday, May 12, 2026

Business

Ethio telecom in Talks with UK Development Finance Institution

This week, Ethio telecom announced the “successful conclusion” of talks with British International Investment (BII), the UK government’s development finance institution handling a portfolio...

Mobile Money Growth Not Translating into Access to Credit: FSD Report

Ethiopia’s merchant economy is in rapid expansion but remains largely excluded from formal credit systems, with more than 99 percent of digital payments still...

Ethiopia’s Shareholder Base “Not Even Half a Million” ECMA Warns

The total number of shareholders across industries and sectors remains below half a million, according to the head of the Ethiopian Capital Market Authority...

Bondholder, Commercial Creditor Deals Remain Out of Reach in Ethiopia Debt Saga

The co-chairs of Ethiopia’s official creditors committee (OCC) report the country has yet to ink restructuring agreements with bondholders and commercial creditors that comply...

Lease Income, Forex Gains Reverse Losses at Industrial Parks Corp

The state-owned Industrial Parks Development Corporation (IPDC) reports nearly 650 million Birr in net profit for the 2024/5 fiscal year, with a surge in...

Customs Officials Pin Contraband Trade on Transport Providers, Owners

Vehicle seizure proposed in draft Customs Proclamation amendment Officials of the Ethiopian Customs Commission and the Ministry of Finance stated in Parliament this week that...

Ethiopia Among Top EU Sustainable Energy Finance Recipients

Ethiopia is ranked among the top 10 recipients of European financing for energy projects under the sustainable development goals (SDGs) between 2014 and 2024,...

Investors Flag Visa Constraints as Key Barrier at Ethiopia Business Forum

Over USD13bln investment deals inked in two days   Concerns over restrictive visa policies for foreign professionals and investors took center stage at the fourth...

Telecom Operators on the Hook for New Universal Access Fund

Ethio telecom, Safaricom required to contribute 1.5pct of revenue Telecom operators will now be required to contribute 1.5 percent of their gross annual revenue to...

Insurance Companies Given Six Months to Secure NBE Approval for Senior Executives

Insurance companies have been given six months to obtain approval from the National Bank of Ethiopia (NBE) for their senior executive positions or face a penalty...
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