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EconomyEthiopia has generated more than $5.1 billion in export revenue during the first six months of the current fiscal year, surpassing its target by a wide margin, the Ministry of Trade and Regional Integration announced on Wednesday. Speaking at a six-month performance review held in Dessie, Amhara region, Minister of Trade and Regional Integration Kasahun
BusinessThe Council of Ministers of the Federal Democratic Republic of Ethiopia approved a set of major economic and policy reforms aimed at modernizing trade, boosting investment, and strengthening entrepreneurship. At its 52nd regular meeting, the Council unanimously agreed to forward a draft amendment to the Customs Proclamation to the House of People’s Representatives. The amendment
EconomyU.S. President Donald J. Trump has announced his readiness to restart United States–led mediation between Ethiopia and Egypt over the long-running dispute surrounding Nile water sharing and the Grand Ethiopian Renaissance Dam (GERD). In a letter addressed to Egyptian President Abdel Fattah El-Sisi, Trump praised Egypt’s recent role in mediating a ceasefire between Israel and
Banking & FinanceThe International Monetary Fund (IMF) has approved an immediate disbursement of about USD 261 million to Ethiopia after completing the fourth review of the country’s program under the Extended Credit Facility (ECF). The decision brings total IMF disbursements to Ethiopia to about USD 2.18 billion under the 48-month program, which was approved in July 2024
Banking & FinanceThe National Bank of Ethiopia (NBE) has officially lifted its long-standing grip on interest rates, allowing banks to price money based on market forces for the first time in decades. The shift comes through the Interest Rates (As Amended) Directive No. NBE/INT/13/2026, signed by Governor Eyob Tekalign (PhD) and effective January 9, 2026. In simple
BusinessFor years, rising prices have shaped everyday life in Ethiopia. Each visit to the market meant buying less with the same money. Households adjusted, cut back, and adapted as inflation ate into incomes. Now, the numbers suggest a turning point. In December EFY 2018, Ethiopia’s year-on-year inflation fell to 9.7 percent, down from 17.0 percent
EconomyThe United States has announced its withdrawal from 66 international organizations following a review conducted under Executive Order 14199, the State Department said on Tuesday. In a press statement, Secretary of State Marco Rubio said the Trump administration determined that the organizations were “wasteful, ineffective, or harmful,” citing concerns that they are redundant, mismanaged, or
EconomyEthiopia has reached an agreement in principle with an Ad Hoc Committee of bondholders on the restructuring of its USD 1 billion, 6.625 percent Eurobond due in 2024, the Ministry of Finance announced on Friday. The agreement follows restricted negotiations held between December 23, 2025, and January 1, 2026, with the Ad Hoc Committee representing
Banking & FinanceThe National Bank of Ethiopia (NBE) has announced a major reform of its reserve requirement regime, issuing Directive No. SBB/97/2025, as part of broader efforts to modernize monetary policy and deepen the interbank money market. The new directive, which replaces the 2022 framework, applies to all commercial banks operating in Ethiopia and will take effect
EconomyThe National Bank of Ethiopia (NBE) has reaffirmed its commitment to price stability and sustainable economic growth following the Monetary Policy Committee’s (MPC) fifth meeting on December 22, 2025. In a press release issued today, the NBE outlined recent economic developments, including easing inflation trends and robust GDP growth, while endorsing measures to tighten monetary
Banking & FinanceEthiopia’s birr has ranked as the third-weakest currency globally in 2025, trailing only the Argentine peso and the Turkish lira, underscoring the depth of the country’s ongoing macroeconomic and debt-related challenges. The birr has depreciated by more than 15% against the U.S. dollar this year, weighed down by persistent dollar shortages, elevated inflationary pressures, and
EconomyThe International Monetary Fund (IMF) has reached a staff-level agreement with Ethiopia on the fourth review of its $3.4 billion lending programme, clearing the way for a new disbursement of $261 million once approved by the Fund’s Executive Board. The latest tranche will raise total IMF support to Ethiopia under the Extended Credit Facility (ECF)
