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Ethiopian Business News

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Immigration and Citizenship Service Collects Over Birr 42.7 Billion in Revenue

The Immigration and Citizenship Service collected more than Birr 42.7 billion in revenue from passport, visa, and other immigration related services during the 2025/26 fiscal year.

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IMF Expects Ethiopia’s Foreign Exchange Reserves to Near USD 6 Billion as Reform Program Advances

Ethiopia’s foreign exchange reserves are projected to approach USD 6 billion by the end of the 2025/26 fiscal year, according to the International Monetary Fund (IMF), reflecting continued progress under the country’s ongoing economic reform program.


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Ethiopia: Addis Ababa Attracts Over Birr 1.3 Trillion in Investment, Approves Birr 502.27 Billion Budget

Addis Ababa attracted more than Birr 1.3 trillion in capital investment over the past five years, supported by projects in manufacturing, infrastructure, tourism, technology, services and public-private partnerships, Mayor Adanech Abiebie announced.


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Ethiopia Approves Zijin Gold’s USD 4 Billion Acquisition of Allied Gold

Ethiopia has granted regulatory approval for Zijin Gold International’s USD 4 billion acquisition of Allied Gold Corporation, allowing the transaction to move closer to completion.

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National Bank of Ethiopia Removes Credit Cap and Raises Policy Rate

The National Bank of Ethiopia (NBE) has removed the credit growth cap imposed on commercial banks and raised its policy interest rate by one percentage point as part of measures intended to maintain tight monetary conditions and contain inflation.


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