Ethiopian Business News

Ethiopia’s Power Generation Capacity Exceeds 9,730 MW

Mon, 27 Jul 2026 13:14:52 GMT

Ethiopia’s installed electricity generation capacity has surpassed 9,730 megawatts as the country expands renewable energy infrastructure and works to improve electricity access nationwide.

Ethiopia: Ministry of Revenues Collects Birr 1.518 Trillion in 2025/26 Fiscal Year

Mon, 27 Jul 2026 12:18:49 GMT

The Ministry of Revenues collected Birr 1.518 trillion during the 2025/26 fiscal year, exceeding the government’s revised annual revenue target.

Global Coffee Production, Consumption Hit Record Highs as Ethiopia Reaches Historic Output

Fri, 24 Jul 2026 10:55:34 GMT

Global coffee production and consumption are both expected to reach record levels in the 2026/27 marketing year, with Ethiopia emerging as one of the sector's strongest performers, according to the latest Coffee: World Markets and Trade report released by the U.S. Department of Agriculture (USDA).

Ethio Telecom Revenue Reaches Birr 215.8 Billion as Digital Services Expand

Fri, 24 Jul 2026 09:57:42 GMT

Ethio Telecom generated Birr 215.8 billion in total revenue during the recently concluded Ethiopian fiscal year, achieving 99.7 percent of its annual target, the company announced.

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

Thu, 16 Jul 2026 14:16:24 GMT

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.

Immigration and Citizenship Service Collects Over Birr 42.7 Billion in Revenue

Thu, 16 Jul 2026 14:43:01 GMT

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.

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

Tue, 14 Jul 2026 13:54:10 GMT

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.

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

Mon, 13 Jul 2026 14:25:08 GMT

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.

National Bank of Ethiopia Removes Credit Cap and Raises Policy Rate

Mon, 13 Jul 2026 14:19:26 GMT

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.

Ethiopian Media Authority Plans Mandatory Registration Framework for Digital Media

Mon, 13 Jul 2026 13:40:01 GMT

The Ethiopian Media Authority has announced that it is preparing amendments to the Media Proclamation to bring unregistered digital media operators under a formal registration, monitoring and accountability framework.