2merkato

Meter Taxi (hailing) service provider Yango has launched its operations in Hawassa, marking the company’s first expansion outside Addis Ababa.

Ethiopian Airlines Group and the Commercial Bank of Ethiopia (CBE), in partnership with Visa, have launched a co-branded Visa prepaid card aimed at strengthening global payment services for customers.

The National Bank of Ethiopia has issued a new directive governing the import of goods through Franco Valuta arrangements, introducing a unified legal framework aimed at supporting trade and investment while protecting the country’s foreign exchange reserves.

Ethiopia’s effort to restructure its USD 1 billion international bond faced a new setback after bondholders rejected a revised proposal that had been adjusted to address concerns raised by official bilateral creditors.

Ethio Telecom has been listed on the Ethiopian Securities Exchange, enabling shareholders who purchased shares through the company’s 10 percent public offering to manage and trade their holdings through the capital market system.

The Ethiopian Investment Board has passed a decision to open the freight forwarding sector to foreign investors, marking a policy shift in the country’s logistics and investment landscape.

The National Bank of Ethiopia has authorized all licensed commercial banks in Ethiopia to issue export permits for goods destined to the People’s Republic of China.

Ethiopia is poised to overtake Indonesia as the world’s fourth largest coffee producer in the 2026/27 marketing year, marking a shift in the global coffee industry and reinforcing the country’s emergence as one of the fastest growing coffee exporters in the world. According to the latest U.S. Department of Agriculture (USDA) Coffee Annual report, Ethiopia’s coffee production is forecast to reach 12.1 million 60 kilogram bags in 2026/27, compared to Indonesia’s projected 11.38 million bags.

The Institute of Ethiopian Standards (IES) has launched IES Verifier, a digital application designed to verify standard marks and support product quality assurance.

Ethiopia earned USD 408.2 million from the export of horticultural products over the past ten months, according to Minister of Agriculture Addisu Arega.