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Dubai Chambers Working to Strengthen Business Ties Between Dubai, Ethiopia
Dubai Chambers has held a series of meetings with government entities, economic institutions, and investment organizations in Addis Ababa to explore ways of strengthening trade and investment between Dubai and Ethiopia. The meetings were attended by H.E. Mohammad Ali Rashed Lootah, President and CEO...
Abu Dhabi Fund for Development tracks progress on major African infrastructure projects
The Abu Dhabi Fund for Development (ADFD) has reported significant progress across a portfolio of key infrastructure projects in Africa, underscoring its sustained commitment to supporting economic growth and improving livelihoods across partner countries. According to the Fund, completion rates hav...
Ethiopia Liberalizes Freight Forwarding Sector
The Government of Ethiopia made a decision to fully liberalize freight forwarding sector by opening it to foreign investors. The excision is made today by the Ethiopian Investment Board, which approved a decision to open the freight forwarding sector for participation by foreign investors. Previousl...
NBE allocates USD 200 million for Q4 FX auctions
The National Bank of Ethiopia (NBE) has officially released its foreign exchange auction schedule for the final quarter of the 2025/26 fiscal year. The central bank has allocated a total of USD 200 million, which will be fully utilized during the month of June 2026. According to the central bankR...
Ethio Telecom Debuts on Ethiopian Securities Exchange after Verifying 45,000 Shareholders
Ethio Telecom has officially announced the launch of a trading system on the Ethiopian Securities Exchange (ESX), enabling shareholders to easily transfer, sell, and buy shares. This follows the completion of its transition phases from a state-owned enterprise to a share company and the public offer...
Ethiopia lifts monopoly on China-bound export licenses, opening access to all commercial banks
The Government of Ethiopia has officially lifted the long-standing restriction that limited the issuance of export licenses for goods destined for the People’s Republic of China exclusively to the Commercial Bank of Ethiopia (CBE). Effective immediately, all licensed commercial banks operating...
NBE eases LC rules, caps fees in FX reform push
The National Bank of Ethiopia (NBE) has revised its foreign-exchange directive to allow commercial banks to approve Letters of Credit (LCs) and Cash Against Documents (CAD) for institutions holding foreign-currency and retention accounts without requiring prior approval from the central bank. The NB...
Elon Musk’s SpaceX plans for biggest IPO in history to shake Wall Street
SpaceX’s IPO filing – the biggest in history – shows AI’s next trillion-dollar trade is infrastructure, not software, affirms the CEO of global financial advisory giant deVere Group. The analysis from Nigel Green comes as SpaceX prepares a major fundraising round expected to value the El...
COP 31 President urges world to switch on to electrification
COP31 President-Designate Murat Kurum called for an urgent increase in the pace of electrification of the world economy, saying it was critical to the fight against climate change and to implementing the commitments made at previous COPs. Kurum, Minister of Environment, Urbanisation and Climate Chan...
Africa cannot industrialize in the dark, says ECA chief as continent weighs nuclear energy future
Africa must urgently close its electricity gap if it is to industrialize, expand regional value chains and deliver on the promise of the African Continental Free Trade Area, Economic Commission for Africa Executive Secretary Claver Gatete said. Speaking virtually at the Ministerial Compact Roundtabl...
Ethiopia sets course for a decade of capital market reform
The Economic Commission for Africa (ECA), the Ethiopian Capital Market Authority (ECMA), FSD Africa and Ethiopia convened over 80 representatives from Ethiopia’s financial sector this week for the Stakeholder Validation Workshop of Ethiopia’s Capital Markets Master Plan (CMMP), a ten-yea...
Yirgalem Integrated Agro-Industrial Park Commences Avocado Export
The recently established Yirgalem Integrated Agro-Industrial Park commenced export of avocados for the firs time and generated more than $2.5 million from avocado oil products. The park exported to European countries during the first nine months of Ethiopian Calendar stared July 8, 2025, according t...
Dubai Chamber Concludes Trade Mission in Ethiopia
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully concluded a trade mission to Ethiopia with a series of bilateral business meetings in Addis Ababa between companies from Dubai and Ethiopia. The meetings created a platform to explor...
Dubai Chamber of Commerce concludes trade mission in Addis Ababa with series of bilateral business meetings between companies from Dubai and Ethiopia
H.E. Mohammad Ali Rashed Lootah: “We remain committed to strengthening economic ties between Dubai and Ethiopia and creating new channels for cooperation that unlock partnership opportunities for private sector companies in both markets.”· Ethiopia’s non-oil trade with Dubai incre...
Addis Ababa hosts AABS 2026 Conference for first time in Ethiopia
The future of African business education and economic transformation took center stage as the Association of African Business Schools (AABS) 2026 Connect Conference was held in Addis Ababa from May 13 to 15 at the United Nations Economic Commission for Africa’s Africa Hall. It was the first time E...
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