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Ethiopia opens Franco Valuta to investors and diaspora traders under new rules
The National Bank of Ethiopia (NBE) has officially enacted a comprehensive new legal framework governing “Franco Valuta” import arrangements, significantly shifting how foreign investors, diaspora traders, and domestic economic zones utilize alternative foreign exchange channels.Signed i...
Ethiopia opens freight forwarding sector to foreign investors
The government’s latest move to liberalize the freight forwarding sector has drawn mixed reactions from industry experts. While some players fear that a handful of investors may take over the business,others believe the decision creates opportunities for the sector and brings several economic adva...
Our Voice, Our Future: Why the integrity of our election rest with us
Over the past few years, the people of Ethiopia have walked through challenging times, carrying a shared longing for peace, stability, and dignity. Today, as we stand on the threshold of the national election, the power to shape the next chapter of our history returns entirely to where it belongs: i...
Ethiopia’s Eurobond debt restructuring talks collapse due to disagreement; Bondholders reject revised proposal
The Ministry of Finance (MoF) has released a major statement regarding its ongoing efforts to restructure the $1 billion bond (carrying a 6.625% interest rate) that matured in 2024. According to the official statement issued on May 27, 2026, the restricted dialogue session held from May 6 to May 27,...
Lai’s Eswatini stunt is a ‘diplomatic’ dead end
Taiwan leader Lai Ching-te’s early May visit to Eswatini was not ‘diplomacy’. It was political theatre, wrapped in the language of statecraft, and it once again exposed the weakness of Taiwan’s shrinking effort to preserve a few artificial “allies” through money, symbolism and ‘dip...
Dubai Chambers engages in a series of meetings in Addis Ababa to strengthen trade and investment ties between Dubai and Ethiopia
Dubai, UAE – Dubai Chambers has held a series of meetings with government entities, economic institutions, and investment organisations 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, Pr...
Ethiopia Allows Private Banks to Issue Export Trade Permits to Products Destined China
The National Bank of Ethiopia today announced the complete removal of the restriction previously imposed on private banks in the country from issuing export trade permits for products shipped to the People’s Republic of China. The decision aims to further facilitate Ethiopia’s export trade secto...
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...
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