A national platform on WTO membership and ongoing negotiations convened in Addis Ababa under the theme “Integrating Ethiopia, ...

Ethiopia has reached a preliminary agreement with the International Monetary Fund (IMF) to secure a USD 261 million loan. The financing forms part of a four year, USD 3.4 billion extended loan program ...

Ethiopia and the African Development Bank (AfDB) have signed a USD 184 million grant agreement to support Phase II of the Ethiopia - Djibouti - South Sudan Transport Corridor Project.

The retail prices of petroleum products in Ethiopia have been increased by up to Birr 8, according to the Ministry of Trade ...

Ethiopia has launched the National Digital Payment Strategy 2026 to 2030 together with a new Instant Payment System, marking another step in the country’s ongoing digital finance reforms. The launch ...

Hibret Bank’s foreign exchange earnings reached USD 300 million in the 2024/25 fiscal year, marking an increase of USD 96.49 million, or 47.4 percent, compared to the previous year. The report further ...

The Kenyan government has agreed to sell a 15 percent stake in telecom operator Safaricom to South Africa’s Vodacom in a transaction valued at approximately USD 1.6 billion, as part of efforts to ...

Ethswitch, the entity responsible for operating Ethiopia’s national payment system infrastructure, has reached the final phase of integrating its domestic card schemes with 32 international card ...

The Ministry of Trade and Regional Integration has issued a directive requiring all payments for export crops produced under contract farming and investment farming arrangements to be processed ...