Wahid Business News

Latest News

Analysis

Ethiopia’s Fuel Price Staircase: Diesel, Gasoline and the Rising Cost of an Import-Dependent Economy

By any recent standard, Ethiopia’s fuel price trajectory has been steep. Since the start of 2023, official pump prices for diesel, gasoline and kerosene …

Jan 23, 2026

News - Financial

Ethiopia generated over USD 5.1 billion in export earnings in 6 months

Ethiopia generated over USD 5. 1 billion in export earnings over the past six months, surpassing official targets. The export performance exceeded government expectations

Jan 23, 2026

News - Financial

ECMA's Investor Compensation is fixed at just $640

The Ethiopian Capital Market Authority (ECMA) set the maximum investor compensation at 100,000 birr (~$640 USD

Jan 23, 2026

News - Financial

IFC considering $80 million in financing to MIDROC Ethiopia

The International Finance Corporation (IFC) is considering up to $80 million A-loan to support MIDROC Ethiopia Plc’s Sheraton Addis project. The financing would cover …

Jan 23, 2026

Regulations - Financial

Ethiopia: Exit Penalty Hampers Investors from Reclaiming Tax Incentives

The new Investment Incentive Regulation introduces an exit penalty that prevents investors who close businesses from reclaiming previously granted tax incentives. Tax holidays previously …

Jan 21, 2026

News - Financial

Ethiopia: CBE Introduces Star Pay - Addis Ababa

Launch of StarPay: The Commercial Bank of Ethiopia (CBE) has launched a new digital payment platform called StarPay to integrate banking and payment services. …

Jan 21, 2026

Regulations - Financial

Oromia has introduced a new 5% levy on each Kg of coffee bought for export

Oromia Regional State has imposed a 5% levy on coffee beans sold for export. The 5% fee applies to every kilogram of coffee bought …

Jan 20, 2026

News - Financial

Ethiopia to Levy 5% on All Telecom Airtime and Data Sales for National Disaster Fund

Starting February 8, 2026, Ethiopia will impose a 5% levy on all mobile airtime and data purchases to fund the National Disaster Fund. The …

Jan 20, 2026

News - Financial

NBE sells $70 million at Forex Auction

Ethiopia’s central bank allocated $70 million in foreign exchange at its latest auction. Total bids from commercial banks exceeded $94 million, indicating strong demand …

Jan 20, 2026

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

<div _ngcontent-ng-c299527307="" inline-copy-host="" class="markdown markdown-main-panel enable-updated-hr-color" id="model-response-message-contentr_109721c5d188701a" aria-live="polite" aria-busy="false" dir="ltr" style="--animation-duration: 400ms; --fade-animation-function: linear; animation: 0s ease 0s 1 normal none running none; appearance: …

Jan 17, 2026

News - Financial

Ethiopia signed a $250 million agreement with the World Bank

<div _ngcontent-ng-c299527307="" inline-copy-host="" class="markdown markdown-main-panel enable-updated-hr-color" id="model-response-message-contentr_ff6862cc13f219f0" aria-live="polite" aria-busy="false" dir="ltr" style="--animation-duration: 400ms; --fade-animation-function: linear; animation: 0s ease 0s 1 normal none running none; appearance: …

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

First
Prev
1
...
8
9
10
11
12
Next
Last

Ethiopia’s Fuel Price Staircase: Diesel, Gasoline and the Rising Cost of an Import-Dependent Economy

Top Stories

Latest News