2merkato

Global coffee production and consumption are both expected to reach record levels in the 2026/27 marketing year, with Ethiopia emerging as one of the sector's strongest performers, according to the latest Coffee: World Markets and Trade report released by the U.S. Department of Agriculture (USDA).

Ethio Telecom generated Birr 215.8 billion in total revenue during the recently concluded Ethiopian fiscal year, achieving 99.7 percent of its annual target, the company announced.

The Ethiopian government is preparing to introduce a new motor vehicle ownership tax and establish a formal mechanism for sharing the resulting revenue between the federal government and regional states.

Ethiopia’s foreign exchange reserves are projected to approach USD 6 billion by the end of the 2025/26 fiscal year, according to the International Monetary Fund (IMF), reflecting continued progress under the country’s ongoing economic reform program.

The Immigration and Citizenship Service collected more than Birr 42.7 billion in revenue from passport, visa, and other immigration related services during the 2025/26 fiscal year.

Addis Ababa attracted more than Birr 1.3 trillion in capital investment over the past five years, supported by projects in manufacturing, infrastructure, tourism, technology, services and public-private partnerships, Mayor Adanech Abiebie announced.

Ethiopia has granted regulatory approval for Zijin Gold International’s USD 4 billion acquisition of Allied Gold Corporation, allowing the transaction to move closer to completion.

The National Bank of Ethiopia (NBE) has removed the credit growth cap imposed on commercial banks and raised its policy interest rate by one percentage point as part of measures intended to maintain tight monetary conditions and contain inflation.

The Ethiopian Capital Market Authority has granted licenses to three new capital market service providers, increasing the total number of licensed providers in the country from 18 to 21.

The Ethiopian Media Authority has announced that it is preparing amendments to the Media Proclamation to bring unregistered digital media operators under a formal registration, monitoring and accountability framework.