Economy
180,000 Metric Tons of Oil Stalled: Hormuz Closure Triples Global Prices, Squeezes Ethiopia’s Fuel Supply
A 180,000 metric ton oil shipment destined for Ethiopia has been disrupted by the Middle East conflict, as the closure...
Read moreDetailsEthiopia Holds Rates Steady Inflation Falls, Warns of Rising Global Risks
The National Bank of Ethiopia (NBE) kept its key policy settings unchanged on Tuesday, opting to maintain a tight monetary...
Read moreDetailsEthiopia Secures Over $13 Billion in Investment Deals at 2026 Forum
Ethiopia has secured more than $13 billion in investment commitments across key sectors following the conclusion of the “Invest in...
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Ethiopia Spent $1.35 Billion Defending Birr as FX Pressures Persist
Ethiopia has spent an estimated $1.35 billion supporting its currency in 2026, underscoring mounting pressure on the birr amid ongoing...
Read moreDetailsEthiopia’s Financial System Strengthens, but Structural Risks Persist
The National Bank of Ethiopia has released its third Financial Stability Report at a pivotal moment for the country’s economic...
Read moreDetailsEthiopian Airlines Faces Weekly Revenue Loss of Up to $13.5 Million Amid Middle East Conflict
Ethiopian Airlines says it is losing up to $13.5 million in revenue per week after suspending flights to multiple destinations...
Read moreDetailsFrom Global Energy Crisis to Ethiopian Inflation: The Ripple Effects of a Hormuz Disruption
Strait of Hormuz Officially Closed: What This Means for the Global Economy, and Ethiopia The Iranian government has officially announced...
Read moreDetailsEthiopia Establishes AI University, Approves Major Loan Agreements and New Tourism Policy
Ethiopia’s Council of Ministers on Friday approved the establishment of the Mademer Artificial Intelligence University, endorsed three major external loan...
Read moreDetailsNational Bank of Ethiopia Issues Notice Prohibiting Birr-Paired P2P Crypto Transactions
The National Bank of Ethiopia (NBE) has issued a public notice stating that peer-to-peer (P2P) cryptocurrency transactions denominated in Ethiopian...
Read moreDetailsPrime Minister Inaugurates Arjo Coal Plant in Import Substitution Measure
Ethiopia has fully replaced imported coal previously used by cement, steel, ceramic and other factories with domestically produced supply, according...
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