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Ethiopia: Dire Dawa-Dewele Railway Increases Weekly Transport Service to Three Trips

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Published on 11 June 2026
Category: Transport and Logistics

Rail Rail

The Dire Dawa-Dewele Railway Company has announced that it has increased its transport service from two trips per week to three.

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Ethiopia: MIDROC Investment Group and International Finance Corporation Sign USD 80 Million Loan Agreement

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Published on 10 June 2026
Category: Latest Business Alerts

Midroc Ethiopia

MIDROC Investment Group and the International Finance Corporation have signed an 80 million US dollar long-term loan agreement.

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Ethiopia: Ministry of Trade Introduces System Allowing Farmers to Borrow Against Stored Crops

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Published on 10 June 2026
Category: Latest Business Alerts

MoTRI Warehouse

A national stakeholder forum on the Warehouse Receipt System was held today, highlighting the system’s potential to transform Ethiopia’s agricultural economy, improve access to finance, and strengthen market stability.

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Ethiopia: Parliament Approves Customs Law Amendment Introducing Vehicle Confiscation and Higher Fines for Contraband

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Published on 09 June 2026
Category: Import and Export

HPR Logo

The House of Peoples’ Representatives has approved a major amendment to Ethiopia’s Customs Proclamation, introducing tougher penalties against contraband trade, including the confiscation of vehicles used to transport illicit goods.

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Ethiopia: Council of Ministers Refers Birr 2.34 Trillion Federal Budget Draft to Parliament

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Published on 09 June 2026
Category: Banking and Finance

Council of Ministers Three Regulations

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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Ethiopia: ECMA Licenses United Capital Financial Services as Ethiopia’s First Foreign Investment Bank Subsidiary

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Published on 09 June 2026
Category: Capital Market and Commodity Exchange

ECMA United

The Ethiopian Capital Market Authority (ECMA) has granted a Capital Market Service Provider license to United Capital Financial Services PLC, making it the first foreign investment bank to establish a subsidiary in Ethiopia.

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Kefi Gold & Copper Advances Ethiopia’s Tulu Kapi Project Despite 2025 Loss

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Published on 08 June 2026
Category: Energy and Mining

Gold Benishangul Gumuz

Kefi Gold & Copper PLC reported a pretax loss for 2025, despite stating that the company is now entering a major transition phase as its flagship Tulu Kapi gold project in Ethiopia moves from development toward production.

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Ethiopia: Domestic Manufacturers to Receive Four Year Free Access to Selected Special Economic Zones

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Published on 08 June 2026
Category: Manufacturing

Industrial Park

The Industrial Parks Development Corporation has introduced a new policy measure aimed at supporting domestic manufacturers by offering reduced service fees and four years of free access to selected special economic zones, formerly referred to as industrial parks.

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Ethiopia: Yango Launches Meter Taxi (Hailing) Service in Hawassa, Its First Expansion Outside Addis Ababa

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Published on 08 June 2026
Category: Transport and Logistics

Yango Logo

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

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Ethiopian Airlines, CBE Launch Co-Branded Visa Prepaid Card to Enhance Global Payment Services

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Published on 05 June 2026
Category: Transport and Logistics

Ethiopian Airlines

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.

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