Ethiopian Business News

Ethiopia: AFC Provides USD 600 Million Facility to Support Dangote Fertiliser Expansion

Tue, 16 Jun 2026 14:09:54 GMT

Africa Finance Corporation (AFC) has announced a USD 600 million financing facility to Greenview Fertiliser Corp., Dangote Group’s fertiliser holding company, to support the group’s fertiliser expansion programme in Nigeria and Ethiopia.

Ethiopia: Government Plans to Collect Birr 1.5 Trillion in Tax Revenue in 2026/27 Fiscal Year

Thu, 11 Jun 2026 14:04:26 GMT

The government of Ethiopia plans to collect around Birr 1.5 trillion in tax revenue during the fiscal year beginning July 8, 2026, according to the federal government’s draft revenue budget document.

Ethiopia: MIDROC Investment Group and International Finance Corporation Sign USD 80 Million Loan Agreement

Wed, 10 Jun 2026 12:25:26 GMT

MIDROC Investment Group and the International Finance Corporation have signed an 80 million US dollar long-term loan agreement.

Ethiopia: Ministry of Trade Introduces System Allowing Farmers to Borrow Against Stored Crops

Wed, 10 Jun 2026 10:36:48 GMT

A national stakeholder forum on the Warehouse Receipt System was held today, highlighting the system’s potential to transform Ethiopia’s agricultural economy, improve access to finance, and strengthen market stability.

Ethiopia: Parliament Approves Customs Law Amendment Introducing Vehicle Confiscation and Higher Fines for Contraband

Tue, 09 Jun 2026 12:40:54 GMT

The House of Peoples’ Representatives has approved a major amendment to Ethiopia’s Customs Proclamation, introducing tougher penalties against contraband trade, including the confiscation of vehicles used to transport illicit goods.

Ethiopia: Council of Ministers Refers Birr 2.34 Trillion Federal Budget Draft to Parliament

Tue, 09 Jun 2026 12:02:30 GMT

The Council of Ministers has referred the draft Federal Government budget for the 2026/27 fiscal year to the House of Peoples’ Representatives, proposing a total allocation of Birr 2.34 trillion.

Kefi Gold & Copper Advances Ethiopia’s Tulu Kapi Project Despite 2025 Loss

Mon, 08 Jun 2026 13:57:22 GMT

Kefi Gold & Copper PLC reported a pretax loss for 2025, despite stating that the company is now entering a major transition phase as its flagship Tulu Kapi gold project in Ethiopia moves from development toward production.

Ethiopia: Domestic Manufacturers to Receive Four Year Free Access to Selected Special Economic Zones

Mon, 08 Jun 2026 13:07:14 GMT

The Industrial Parks Development Corporation has introduced a new policy measure aimed at supporting domestic manufacturers by offering reduced service fees and four years of free access to selected special economic zones, formerly referred to as industrial parks.

National Bank of Ethiopia Introduces New Franco Valuta Import Directive

Sat, 30 May 2026 08:46:32 GMT

The National Bank of Ethiopia has issued a new directive governing the import of goods through Franco Valuta arrangements, introducing a unified legal framework aimed at supporting trade and investment while protecting the country’s foreign exchange reserves.

Ethiopia’s USD 1 Billion Bond Restructuring Talks Hit New Setback

Thu, 28 May 2026 12:51:52 GMT

Ethiopia’s effort to restructure its USD 1 billion international bond faced a new setback after bondholders rejected a revised proposal that had been adjusted to address concerns raised by official bilateral creditors.