Capital251 
The weighted average rate for all successful bids during today’s bi-weekly auction was set at 154.8729 Birr per dollar, according to the central bank. During today’s auction that availed $70 million, 32 commercial banks secured a foreign exchange allocation. Today’s rate is slightly higher than the previous average weighted rate of successful bids, which was 154.4773 Birr per dollar. … Read more
The state-owned Development and Hotel Company S.C. (DHC), which owns the Hilton Addis Ababa, saw a significant financial surge in 2025. This growth was driven by a record-breaking year for Ethiopian tourism and the city’s status as a major diplomatic hub. Below is the point-by-point summary of the 2025 performance. Financial Highlights (FY 2025) Metric … Read more
Lyon will join Ethiopian Airlines’ network as the airline’s third destination in France following Paris and Marseille. Ethiopian Airlines announce its plan to launch a new thrice-weekly passenger service to Lyon, France, via Geneva, Switzerland, starting from 02 July 2026. The new flight will operate as per the below detail. Flight Number Frequency Departure Airport … Read more
France’s Carrefour Group, the giant multinational retailer and wholesaler, enters Ethiopia via a partnership with Queens Supermarket, a subsidiary of Midroc Investment Group, the largest private company in Ethiopia. This is exactly what Ethiopia’s retail sector needed (a big retail MNC partnering with a strong local partner) to address the increasing demand of a rapidly … Read more
The National Bank of Ethiopia will conduct the 14th round of the regular exchange auction tomorrow, Tuesday, January 6, 2026, offering 70 million dollars, with bid results announcement and settlement on the same date. The last special auction held a week ago had an average weighted clearing rate of 154.4773 birr per dollar. The January … Read more
Ethiopia’s eurobond rallied nearly 3 cents on the dollar following an agreement in principle between the government and bondholders on a restructuring plan that will impose a 15% haircut on the $1 billion bond the country defaulted on two years ago. On January 5th Ethiopia’s bond increased by 2.61 cents to 110.09, reflecting a relatively high … Read more
More than two years after seeking debt relief and over a year after defaulting on its only Eurobond, Ethiopia just notched a big win in its battle to fix its finances. The country’s Ministry of Finance announced an “agreement in principle” with a group of private creditors on restructuring its lone $1 billion Eurobond—the 6.625% … Read more
LakiPay has introduced the Gifter platform through its LakiRemit service, offering Ethiopian content creators a cost-effective alternative to global social media monetization. The solution reduces transaction fees by 90% compared to platforms like TikTok, allowing creators to receive nearly 95% of gift values with funds deposited into local bank accounts in under 30 seconds. TikTok’s … Read more
Ethiopian Investment Holdings (EIH) has unveiled Adera, a secure online platform enabling citizens to report corruption and mismanagement directly in its 3.9 trillion birr portfolio of state-owned enterprises (SOEs). Certified by the Information Network Security Agency (INSA), Adera supports Amharic and English initially, with Oromiffa and Tigrigna languages planned to ensure accessibility across Ethiopia’s diverse … Read more