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Latest business news from Ethiopia

Banking, markets, energy, trade and startups — a curated stream of stories syndicated from 2merkato.com and partners.

24 stories this pull10 news sections1 total reads

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Banking and Finance8 articles · 4 subsectionsCapital Market and Commodity Exchange2 articles · 4 subsectionsConstruction0 articles · 4 subsectionsEnergy and Mining3 articles · 4 subsectionsIT and Communication3 articles · 4 subsectionsTrading4 articles · 4 subsectionsManufacturing0 articles · 4 subsectionsTransport6 articles · 4 subsectionsStartups0 articles · 4 subsectionsAlerts4 articles · 4 subsections

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Asian Infrastructure Investment Bank Eyes Financing Role in Ethiopia’s Bishoftu Airport and Infrastructure DriveTransportAsian Infrastructure Investment Bank Eyes Financing Role in Ethiopia’s Bishoftu Airport and Infrastructure DriveEthiopia and the Asian Infrastructure Investment Bank (AIIB) have advanced discussions on potential financing for the planned Bishoftu International Airport and other strategic infrastructure projects, including energy and climate related investments.Sep 9, 20261 views
Ehiopia: CBE Posts Birr 38.7 Billion Net Profit as Non-Interest Income JumpsBanking and FinanceEhiopia: CBE Posts Birr 38.7 Billion Net Profit as Non-Interest Income JumpsThe Commercial Bank of Ethiopia (CBE) reported Birr 38.71 billion in net profit for the 2025/26 financial year, supported by strong growth in both interest and non-interest income.Sep 7, 20260 views
Ethiopia’s Livestock Export Earnings Rise 35 Percent to USD 128.3 MillionTradingEthiopia’s Livestock Export Earnings Rise 35 Percent to USD 128.3 MillionEthiopia earned USD 128.3 million from livestock exports during the 2025/26 fiscal year, an increase of more than 35 percent from approximately USD 95 million in previous years, according to the Livestock Development Institute.Sep 7, 20260 views
Ethio Telecom Targets Birr 295 Billion Revenue as Next Horizon Strategy Enters Second YearIT and CommunicationEthio Telecom Targets Birr 295 Billion Revenue as Next Horizon Strategy Enters Second YearEthio Telecom has set a target of generating Birr 295 billion in revenue during the 2026/27 fiscal year as it enters the second year of its three year “Next Horizon: Digital & Beyond Strategy.”Sep 4, 20260 views
Ethiopian Shipping and Logistics Launches Digital Customer Service PlatformTransportEthiopian Shipping and Logistics Launches Digital Customer Service PlatformEthiopian Shipping and Logistics has launched a new digital customer service platform aimed at replacing paper based processes and allowing customers to access logistics services remotely.Sep 4, 20260 views
Ethiopia: Addis Ababa Revenue Bureau Steps Up Inspections Over Suspected Vehicle Tax EvasionBanking and FinanceEthiopia: Addis Ababa Revenue Bureau Steps Up Inspections Over Suspected Vehicle Tax EvasionThe Addis Ababa Revenue Bureau has announced plans to intensify warehouse and vehicle inspections as part of a crackdown on suspected tax evasion involving car importers and commission based vehicle dealers in the capital.Sep 4, 20260 views
Ehiopia: ECX Trades Birr 48.8 Billion in Commodities, Beating Annual Target by 68 PercentCapital Market and Commodity ExchangeEhiopia: ECX Trades Birr 48.8 Billion in Commodities, Beating Annual Target by 68 PercentEthiopia Commodity Exchange (ECX) traded commodities worth Birr 48.83 billion during the 2025/26 fiscal year, significantly exceeding its annual target, according to the Ministry of Trade and Regional Integration.Sep 3, 20260 views
Brazil Opens First ApexBrasil Africa Office in Addis AbabaAlertsBrazil Opens First ApexBrasil Africa Office in Addis AbabaBrazil has opened a permanent office of its Trade and Investment Promotion Agency, ApexBrasil, in Addis Ababa as the two countries seek to deepen trade, investment and business ties.Sep 3, 20260 views
Ethiopia, IFC Agree to Establish Birr 100 Billion Mortgage Refinance CompanyBanking and FinanceEthiopia, IFC Agree to Establish Birr 100 Billion Mortgage Refinance CompanyEthiopia has signed a cooperation framework with the International Finance Corporation (IFC) to establish a mortgage refinance company aimed at expanding access to housing finance and addressing liquidity constraints in the banking sector.Sep 3, 20260 views
Ethiopia Commodity Exchange (ECX) Daily Trade Data – 01 September 2026Capital Market and Commodity ExchangeEthiopia Commodity Exchange (ECX) Daily Trade Data – 01 September 2026Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 01 September 2026.Sep 1, 20260 views
Ethiopia’s Pharmaceutical Supply Agency Earns Continental Recognition for Supply Chain ReformsAlertsEthiopia’s Pharmaceutical Supply Agency Earns Continental Recognition for Supply Chain ReformsThe Ethiopian Pharmaceutical Supply Service has won the Gold Award at the fifth Africa Supply Chain Excellence Awards, held in Pretoria, South Africa, recognising reforms in pharmaceutical procurement and supply chain management.Sep 1, 20260 views
African Union to Launch Continental Credit Rating Agency in OctoberBanking and FinanceAfrican Union to Launch Continental Credit Rating Agency in OctoberThe African Union is set to launch a new continent wide credit rating agency in October as part of efforts to address high borrowing costs faced by African governments and strengthen the continent’s role in reforming the global financial system.Sep 1, 20260 views
Ethiopia: Federal Attorney General Recovers Birr 2.29 Billion Through Asset Recovery MeasuresAlertsEthiopia: Federal Attorney General Recovers Birr 2.29 Billion Through Asset Recovery MeasuresThe Federal Attorney General has announced that the government recovered or secured more than Birr 2.29 billion during the 2025/26 fiscal year through court decisions, settlements, negotiations and other asset recovery measures targeting illegally acquired wealth.Aug 26, 20260 views
Ethiopia: Addis Chamber, Chinese Export Promotion Bureau Sign Trade Cooperation AgreementAlertsEthiopia: Addis Chamber, Chinese Export Promotion Bureau Sign Trade Cooperation AgreementThe Addis Ababa Chamber of Commerce and Sectoral Associations and China’s International Export Promotion Bureau have signed a memorandum of understanding aimed at strengthening trade and investment cooperation between Ethiopia and China.Aug 26, 20260 views
Chinese Firms Dominate Shortlist for Ethiopia’s USD 12.5 Billion Airport ProjectTransportChinese Firms Dominate Shortlist for Ethiopia’s USD 12.5 Billion Airport ProjectChinese construction companies have emerged as leading contenders in the shortlist for the construction of Ethiopian Airlines’ planned new airport, as the airline moves closer to awarding major construction contracts for the USD 12.5 billion aviation project.Aug 24, 20260 views
National Bank Establishes Central Shari’ah Advisory Board to Strengthen Ethiopia’s Interest Free Banking SectorBanking and FinanceNational Bank Establishes Central Shari’ah Advisory Board to Strengthen Ethiopia’s Interest Free Banking SectorThe National Bank of Ethiopia (NBE) has announced plans to establish a central Shari’ah Advisory Board to strengthen governance and oversight of the country’s growing interest free banking sector.Aug 24, 20260 views
Ethiopia Moves Closer to Eurobond Debt Restructuring After Official Creditors Approve Preliminary DealBanking and FinanceEthiopia Moves Closer to Eurobond Debt Restructuring After Official Creditors Approve Preliminary DealEthiopia has moved closer to completing the restructuring of its USD 1 billion Eurobond after official creditors approved a preliminary agreement reached between the government and private bondholders, the Ministry of Finance announced.Aug 24, 20260 views
Ethiopian, Chinese Exporters Sign Trade Deals Worth Over USD 340 MillionTradingEthiopian, Chinese Exporters Sign Trade Deals Worth Over USD 340 MillionEthiopian and Chinese businesses have signed 33 trade agreements worth more than USD 340 million as part of efforts to expand bilateral trade and increase Ethiopia's exports to the Chinese market.Aug 20, 20260 views
China’s Zijin Gold Acquires Stake in Allied Gold, Gaining Exposure to Ethiopia’s Kurmuk ProjectEnergy and MiningChina’s Zijin Gold Acquires Stake in Allied Gold, Gaining Exposure to Ethiopia’s Kurmuk ProjectChina’s Zijin Gold International has acquired approximately 9.2 percent of Canadian mining company Allied Gold Corporation, giving the company indirect exposure to major gold assets including the Kurmuk project in western Ethiopia.Aug 20, 20260 views
Ethiopia Moves to Collect Federal Fuel Taxes at Full Statutory RatesTransportEthiopia Moves to Collect Federal Fuel Taxes at Full Statutory RatesThe Ethiopian government has directed the collection of all federal fuel taxes at full statutory rates, with the measure expected to generate revenue equivalent to about 0.8 percent of gross domestic product in the 2026/27 fiscal year.Aug 17, 20260 views
Ethiopia Targets USD 13.4 Billion in Export Revenue for 2026/27TradingEthiopia Targets USD 13.4 Billion in Export Revenue for 2026/27Ethiopia has set a target of generating USD 13.4 billion in export revenue during the 2026/27 fiscal year, as the government seeks to increase foreign exchange earnings and expand the country’s presence in international markets.Aug 14, 20260 views
Ethiopia: Water Ministry Signs Birr 933.6 Million Contract for Angacha Water ProjectEnergy and MiningEthiopia: Water Ministry Signs Birr 933.6 Million Contract for Angacha Water ProjectThe Ministry of Water and Energy has signed a contract worth more than Birr 933.6 million with Bigeta Business PLC for the drilling and construction of water wells in Angacha Woreda, Kembata Zone, Central Ethiopia Regional State.Aug 14, 20260 views
Ethiopia: Ethio Telecom, ZTE Push 4G Coverage to 92% in Network Modernization DriveIT and CommunicationEthiopia: Ethio Telecom, ZTE Push 4G Coverage to 92% in Network Modernization DriveEthio telecom and Chinese telecommunications technology company ZTE have expanded 4G population coverage to 92 percent within ZTE’s service circle as the two companies advance a major network modernization and expansion program across Ethiopia.Aug 12, 20260 views
Ethiopia: Siinqee Bank Reports Birr 10.7 Billion Pre-Provision ProfitBanking and FinanceEthiopia: Siinqee Bank Reports Birr 10.7 Billion Pre-Provision ProfitSiinqee Bank reported a pre-provision profit of Birr 10.7 billion for the 2025/26 fiscal year, according to figures presented during the bank’s annual operational review held at the Ethiopian Skylight Hotel.Aug 12, 20260 views