The Council of Ministers has referred the draft Federal Government budget for the 2026/27 fiscal year to the House of Peoples’ Representatives, proposing a total allocation of Birr 2.34 trillion.
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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.
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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.
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Ethiopia’s total public debt has reached USD 51.8 billion, with domestic borrowing showing an increase, the Ministry of Finance said.
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Kenya’s Equity Group is closely watching Ethiopia’s planned opening of its banking sector to foreign lenders, with the group positioning itself to enter the market once full operations become possible.
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