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Regulations - Financial

Ethiopia Updates Customs Law to Align with Global Trade Standards

Ethiopia’s Council of Ministers approved revisions to the Customs Proclamation to modernize and align it with international trade standards. The updated customs law aims …

Jan 20, 2026

Construction & Mining

Ethiopian Airlines Group expects to select a lead contractor for Bishoftu Airport

EAG expects to select a lead contractor between June and July 2026. Ethiopian Airlines Group (EAG) aims to finalize the principal contractor for the …

Jan 18, 2026

News - Financial

NBE banned exporters from using CAD for five countries

National Bank bans CAD payments for exports to certain African markets. The central bank barred the use of Cash Against Documents (CAD) for exports …

Jan 18, 2026

Regulations - Financial

NBE deregulates interest rates of deposit and lending

Here are the 10 key takeaways from the National Bank of Ethiopia’s Directive No. NBE/INT/13/2026 (Interest Rates As Amended) Interest rates are now market-determined. …

Jan 18, 2026

Regulations - Financial

NBE new replacement directive on Reserve Requirements

Directive updates reserve requirements for all banks operating in Ethiopia. It replaces the previous SBB/84/2022 with a modernized statutory reserve framework. Banks must maintain …

Jan 18, 2026

News - Financial

CBE plans to extend over 100 billion birr in loans this fiscal year

CBE plans to extend over 100 billion birr in loans this fiscal year. This funding targets the private sector, agriculture input suppliers, and public …

Jan 18, 2026

Regulations - Financial

Dashen Bank reported a profit of ETB 6.6 billion for 2023/24

Dashen Bank reported a profit of ETB 6. 6 billion for 2023/24. This figure reflects significant growth and positions the bank strongly among Ethiopia’s …

Jan 18, 2026

News - Financial

IMF approved a $261 million disbursement for Ethiopia

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Jan 17, 2026

News - Financial

Ethiopia signed a $250 million agreement with the World Bank

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Jan 17, 2026

News - Transport

Ethio-Djibouti Railway (EDR) plans to double its freight

EDR plans to double its freight rolling stock by year-end. The Ethio-Djibouti Railway Share Company will expand its fleet of freight wagons and electric …

Jan 17, 2026

News - Transport

TOLO FREIGHT is digitizing freight logistics matching

Ethiopia’s trucking industry is largely manual. The sector — valued at about 800 million Birr — still depends on phone calls, paper, and cash …

Jan 17, 2026

Electric

BYD's Song Plus has phased out globally

BYD has phased out the Song Plus globally. The model, contributing to the Song family’s sales of 788,003 units in 2025, has been removed …

Jan 17, 2026

News - Transport

Fuel Retail Prices in Ethiopia have been updated to 129.12 Birr per Liter

Ethiopia's Ministry of Trade and Regional Integration announced that the retail price of petrol, diesel and kerosene has been raised to 129. 12 Birrs …

Dec 11, 2025

News - Transport

African Development Bank (AfDB) has approved a 214.47 million USD concessional loan package to finance the South Sudan-Ethiopia-Djibouti Transport Corridor Project

The AfDB approved 214. 47 million dollars for phase two of the South Sudan-Ethiopia-Djibouti Transport Corridor.

Dec 07, 2025

News - Financial

NBE has recently implemented two new transformative directives

The new NBE directive cited as "Foreign Exchange Exposure Limits of Banks Directive No. SBB/96/2025" has entered into force starting today November, 10th , …

Nov 10, 2025

News - Financial

Afreximbank is set to pioneer Africa’s use of the Chinese renminbi (RMB) in project financing

African Export-Import Bank (Afreximbank) is set to pioneer Africa’s use of the Chinese renminbi (RMB) in project financing after becoming a direct participant in …

Nov 10, 2025

Diesel/Gasoline

Ethiopia to set time to phase out aging cars

They are examining replacement or conversion options, including electric or natural gas-powered alternatives, but the plan still requires final approval. Replacing vehicles older than …

Nov 10, 2025

LNG/CNG

BEAKA General Business Plc will start importing and assembling Shacman LNG trucks

The move follows BEAKA’s import of 150 Shacman trucks, marking the first phase ahead of local assembly. Under the plan, the company aims to …

Oct 27, 2025

Diesel/Gasoline

new directive requires all diesel and gasoline vehicles to undergo emissions testing

The new directive, officially enforced in March this year, requires all diesel and gasoline vehicles to undergo emissions testing and mandates either the installation …

Oct 27, 2025

News - Financial

National Bank of Ethiopia’s (NBE) reference rate crossed 150 Br to the dollar

The Central Bank posted a bold buying rate of 152. 576 Br on October 23, almost 8. 3 Br higher than ZamZam Bank’s 142. …

Oct 27, 2025

Regulations - Financial

ECMA issues new directive to enhance transparency in Pooled Investment Funds

The Ethiopian Capital Market Authority (ECMA) has introduced a new draft directive The new guideline focuses on improving transparency and regulatory standards for Collective …

Sep 08, 2025

News - Financial

AABE has announced plans to implement the International Financial Reporting Standards (IFRS) S1 and S2

The standards focus on sustainability, climate-related disclosures, and governance, offering investors consistent and comparable information on environmental risks and opportunities. Financial institutions, including banks, …

Sep 08, 2025

Regulations - Financial

New Directive Brings Small-Scale Providers Below 2mln Br Into VAT Fold

The Ministry of Finance has introduced a new directive that extends value added tax (VAT) registration to professional service providers with annual turnover below …

Sep 08, 2025

News - Transport

ERC to restart construction of the Awash–Kombolcha–Hara Gebeya and Hara Gebeya–Mekele railway

The 392-km Awash–Kombolcha–Hara Gebeya line was designed to connect central Ethiopia with the north, while the 268-km Hara Gebeya–Mekele line was intended to extend …

Sep 02, 2025

News - Transport

EU to finance Major transport corridor connecting Addis Ababa to Djibouti, Berbera, Nairobi and Dar es Salaam

A 2025 report by the European Commission’s Joint Research Centre ranks the corridor among eleven African routes considered most attractive for infrastructure funding under …

Sep 02, 2025

News - Financial

(CBE) will introduce a new round of service fee adjustments from September 29, 2025, affecting selected branch-based services

Withdrawals of any authorized amount remained free, but mobile money transfers that were once complimentary began incurring fees. Digital Banking account-to-account transfers now carry …

Sep 02, 2025

News - Transport

Road infrastructure in Addis Ababa sustained damage estimated at more than 6.7 million birr during the 2024/25 fiscal year

The losses were caused by 197 vehicle collisions, of which 53 occurred on ring roads and 144 outside ring roadsThe city has expanded its …

Sep 02, 2025

Electric

Suweys Motors, an automotive assembly company based in Jigjiga, has begun producing hybrid electric vehicles (HEVs) on order

Established in 2023 with more than 500 million birr in capital, Suweys Motors started with 30 assembled cars and has since become a leading …

Sep 01, 2025

News - Transport

Ethiopian Shipping and Logistics (ESL) is entering into the railway sector, expanding beyond maritime transport

ESLSE, which currently operates in vessel operations, inland transport, and freight forwarding, is exploring the addition of a new division focused on rail transport. …

Sep 01, 2025

News - Transport

Ethiopia and Djibouti have signed an agreement to advance the DESSU Corridor project

Ethiopia and Djibouti have signed an agreement to advance the DESSU Corridor project, a new regional transport route linking Djibouti, Ethiopia, South Sudan and …

Sep 01, 2025

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Ethiopia Updates Customs Law to Align with Global Trade Standards

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