Ethiopian Business News

Ethiopia’s Total Debt Reaches USD 51.8 Billion as Domestic Borrowing Rises

Thu, 07 May 2026 13:19:30 GMT

Ethiopia’s total public debt has reached USD 51.8 billion, with domestic borrowing showing an increase, the Ministry of Finance said.

Ethiopia on Course to Generate USD 10 Billion in Export Revenue, PM Says

Mon, 04 May 2026 14:39:55 GMT

Prime Minister Abiy Ahmed has announced that Ethiopia is on course to generate USD 10 billion in export earnings during the current 2025/26 fiscal year, building on the strong export performance recorded in 2024/25.

Ethiopian Electric Utility Connects 103 Rural Towns and Villages to Power

Mon, 04 May 2026 14:25:19 GMT

The Ethiopian Electric Utility announced that 103 rural towns and villages were connected to electricity during the first nine months of the 2025/26 fiscal year.

Ethiopia: Addis International Convention Center Approves Birr 7.5 Billion Expansion Despite First-Year Loss

Mon, 04 May 2026 14:21:00 GMT

The Addis International Convention Center Share Company (AICC) has approved a second-phase expansion project valued at Birr 7.537 billion, less than a year after inaugurating its first phase in February 2025.

Equity Group Positions for Ethiopia Entry as Banking Sector Opens to Foreign Lenders

Wed, 29 Apr 2026 12:08:43 GMT

Kenya’s Equity Group is closely watching Ethiopia’s planned opening of its banking sector to foreign lenders, with the group positioning itself to enter the market once full operations become possible.

Ethiopia Resumes Full Daily Diesel Distribution After Supply Disruption

Wed, 29 Apr 2026 12:10:59 GMT

The Ethiopian government has restored the country’s daily diesel supply to its pre crisis level of 9 million liters as of today.

Coffee Companies Launch Satellite Based System to Track Deforestation in Coffee Growing Regions

Thu, 23 Apr 2026 15:15:10 GMT

Several coffee companies and commodity traders are launching a new satellite based system to track deforestation linked to coffee cultivation around the world, according to a statement issued on Wednesday by JDE Peet’s, one of the companies involved in the initiative.

Ethiopia Replaces Imports Worth USD 4.85 Billion With Local Production in Nine Months

Thu, 23 Apr 2026 14:19:45 GMT

Ethiopia substituted imports worth USD 4.85 billion with locally produced goods during the first nine months of the current fiscal period, according to Industry Minister Melaku Alebel.

Ethiopia: Coffee Canopy Partnership Launches East Africa Pilot to Tackle Coffee Linked Deforestation

Wed, 22 Apr 2026 12:34:20 GMT

A new international initiative aimed at addressing coffee related deforestation has been launched with an East Africa pilot that includes Ethiopia, Tanzania, Kenya, Uganda, Burundi and Rwanda. The Coffee Canopy Partnership, initiated by JDE Peet’s and developed with a group of major coffee companies, seeks to create what is described as the world’s first comprehensive and openly accessible map of global coffee production. The project is intended to improve the identification of deforestation risks, support landscape restoration and protect the livelihoods of smallholder farmers across coffee growing regions.

Ethiopia Faces Possible Legal Action From Bondholders After Restructuring Deal Collapses

Wed, 22 Apr 2026 12:30:55 GMT

A group of international investors has formally notified the Ethiopian government that it may pursue legal action in English courts as early as May following the collapse of a recent debt restructuring deal, according to two sources familiar with the matter.