Economy

217 articles

New Player Destta Targets Informal Remittance Market with Transparent Transfers

Destta, a U.S.-registered fintech company, has officially launched the beta version of its global remittance platform in Ethiopia, positioning itself to capture a growing share of diaspora inflows through formal financial channels. Speaking at the launch event held at Hyatt Regency Addis Ababa, Founder and CEO Dawit Berhanu emphasized the platform’s broad transaction capability, enabling

StockMarket.et9 Apr 2026

Business

$720M Boost: Ethiopia’s SOE Reforms Shift from Risk Control to Growth Engine, Says World Bank

Ethiopia is accelerating a major transformation in its state-owned enterprises (SOEs), shifting from a focus on risk management to unlocking economic opportunities, according to the World Bank Group. The transition is already showing tangible results. In the first nine months of the 2024/2025 fiscal year, federal SOEs contributed 600 million USD in taxes and 120

StockMarket.et8 Apr 2026

Economy

New Player Destta Targets Informal Remittance Market with Transparent Transfers

$720M Boost: Ethiopia’s SOE Reforms Shift from Risk Control to Growth Engine, Says World Bank

Ethiopia, China Strengthen Financial Ties Through Swap Lines and Digital Finance Cooperation

Ethiopia Posts Record $6.76 Billion Export Revenue in Eight Months

180,000 Metric Tons of Oil Stalled: Hormuz Closure Triples Global Prices, Squeezes Ethiopia’s Fuel Supply

Ethiopia Holds Rates Steady Inflation Falls, Warns of Rising Global Risks

Ethiopia Secures Over $13 Billion in Investment Deals at 2026 Forum

Ethiopia Spent $1.35 Billion Defending Birr as FX Pressures Persist

Ethiopia’s Financial System Strengthens, but Structural Risks Persist

Ethiopian Airlines Faces Weekly Revenue Loss of Up to $13.5 Million Amid Middle East Conflict

From Global Energy Crisis to Ethiopian Inflation: The Ripple Effects of a Hormuz Disruption

Ethiopia Establishes AI University, Approves Major Loan Agreements and New Tourism Policy