Ethiopia

ADDIS ABABA, Aug. 21 – China-Ethiopia trade deals worth more than $330 million have been signed as both countries seek to expand …

ADDIS ABABA, Aug. 21 – Ethiopia does not need permission to develop its water resources, Water and Energy Minister Habtamu Itefa said, …

LAGOS, Aug 20 – Ethiopia’s central bank has allocated $500 million through a special foreign exchange auction after commercial banks submitted bids …

ADDIS ABABA, Aug 5 – Ethiopia lost an estimated $24.6 billion to trade mis-invoicing between 2013 and 2022, according to the African …

ADDIS ABABA, Aug 3 – Ethiopia’s external debt burden increased sharply after the depreciation of the birr following the country’s foreign exchange …

ADDIS ABABA, July 23 – The National Bank of Ethiopia (NBE) has widened its restrictions on digital assets, warning that transactions involving …

ADDIS ABABA, July 23 – Ethio Telecom reported revenue of 215.82 billion birr (approximately $1.3 Billion) for the financial year ended June …

ADDIS ABABA, June 29 – Ethiopia has reached a preliminary agreement with a key group of bondholders on restructuring its US$1 billion …

ADDIS ABABA, June 11 – Ethiopia’s government plans to increase public spending significantly in the 2026/27 fiscal year, with additional expenditures linked …

ADDIS ABABA, June 1 – Ethiopia’s long-running effort to restructure its defaulted international bond has encountered another obstacle after a group representing …