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Ethiopia: NBE Orders Banks to Report Customers Using Personal Accounts for Business or Illegal Transactions

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Published on 24 October 2025
Category: Banking and Finance

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The National Bank of Ethiopia (NBE) has directed all commercial banks to compile and submit information on customers who use personal bank accounts for business or illicit purposes.

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Ethiopian Mineral Corporation and Sunbird Bioenergy Forge Partnership to Boost Renewable Energy Production

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Published on 24 October 2025
Category: Energy and Mining

EMC Sunbird

The Ethiopian Mineral Corporation (EMC) and Sunbird Bioenergy Africa have signed a Memorandum of Understanding (MoU) to advance Ethiopia’s renewable energy and biofuel production, marking a significant milestone in the country’s green economic transformation.

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Ethiopia: Civil Works of Koisha Hydropower Project Reaches 70% Completion

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Published on 22 October 2025
Category: Energy and Mining

Koisha Dam

Prime Minister Abiy Ahmed (PhD) announced that civil works on the Koisha Power Generation Project have reached 70 percent completion, marking a major milestone for one of Ethiopia’s flagship energy initiatives.

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Ethiopia’s Eurobond Talks Collapse, Ministry of Finance

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Published on 20 October 2025
Category: Banking and Finance

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The Ministry of Finance has confirmed that negotiations with private creditors over Ethiopia’s USD 1 billion Eurobond, due in 2024, have collapsed without a deal, intensifying the country’s ongoing debt restructuring challenge under its IMF program.

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Ethiopia Launches Birr 50 Million Crocodile Farm Modernization in Arba Minch

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Published on 20 October 2025
Category: Import and Export

Crocodile Gamo 1

The Gamo Development Association has unveiled a Birr 50 million modernization project at the historic Arba Minch Crocodile Ranch, the first crocodile farm in East Africa, originally established in 1983 for tourism, biodiversity conservation, research, and job creation.

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Ethiopia Secures USD 110 Million from European Investment Bank

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Published on 20 October 2025
Category: Banking and Finance

EIB MOF

Ethiopia has secured USD 110 million in financing from the European Investment Bank (EIB) to support the third phase of the Rural Financial Intermediation Program (RUFIP III), aimed at expanding access to finance in rural areas and advancing agricultural transformation.

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Ethiopia’s Coffee Exports Surge 47% in First Quarter of 2025/26 Fiscal Year

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Published on 16 October 2025
Category: Import and Export

coffee-plant

Ethiopia’s coffee export earnings rose sharply in the first three months of the 2025/26 fiscal year, generating USD 762.75 million, a 47% increase compared to the same period of the previous fiscal year.

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Ethiopia: COMESA Launches Digital Payments Platform to Boost Cross-Border Trade

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Published on 16 October 2025
Category: Banking and Finance

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The Common Market for Eastern and Southern Africa (COMESA) has launched a Digital Retail Payments Platform that will allow businesses across its 21 member states, including Ethiopia, Kenya, and Egypt, to settle trade transactions directly in local currencies.

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Ethiopia Earns Over USD 2.48 Billion from Exports in First Quarter of 2025/26 Fiscal Year

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Published on 15 October 2025
Category: Import and Export

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Ethiopia earned more than USD 2.48 billion in export revenue during the first quarter of the 2025/26 fiscal year, according to the Ministry of Trade and Regional Integration.

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Ethiopia’s Bond Talks Stall Amid Disputes Over Debt Terms

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Published on 15 October 2025
Category: Banking and Finance

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Ethiopia’s efforts to restructure its sovereign debt have hit a roadblock after negotiations with private bondholders ended without agreement, deepening uncertainty over the country’s only international bond.

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