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ADDIS ABABA, Ethiopia — The National Bank of Ethiopia (NBE) has concluded its 15th Foreign Exchange Auction with the highest bid recorded reached 155.00 Birr/USD, while the lowest bid stood at 153.00 Birr/USD. The auction saw robust engagement from the financial sector, with 21 commercial banks submitting bids totaling USD 94.7 million. Out of these, … Read more
Starting February 8, 2026, all purchases of mobile airtime and data in Ethiopia will be subject to a five percent levy for the National Disaster Fund. According to a new directive dated January 16, 2025, Commissioner Shiferaw Teklemariam (PhD), head of the Disaster Risk Management Commission, has made contributions to the Disaster Risk Response Fund … Read more
The National Bank of Ethiopia put out a notice for a 70 million US dollar foreign exchange auction to be held on Tuesday, January 20, 2026. This latest auction is part of the Central Bank’s bi-weekly FX auctions aimed at stabilizing the foreign exchange price and market. The bank invited all interested banks to submit … Read more
In a move set to reshape global migration patterns, the U.S. State Department is prepared to suspend immigrant visa processing in 75 countries, effective January 21, 2026. This sweeping directive targets individuals seeking permanent residency, including winners of the Diversity Visa (DV) lottery. According to internal memos obtained by Fox News, the suspension is rooted … Read more
Prime Minister Dr. Abiy Ahmed on Saturday launched construction of the Bishoftu World-Class Airport, a groundbreaking project poised to redefine Ethiopia’s role as a continental aviation powerhouse. The initial phase of the airport operations is designed to handle 60 million passengers per year, marking a massive leap forward. During the launch ceremony, PM Abiy delivered … Read more
Ethiopia publicly reaffirms unwavering loyalty to Beijing by declaring Taiwan an “inalienable part” of China, firmly rejecting any independence claims in a bold joint statement. Source Ministry of Foreign Affairs’ of Ethiopia #Ethiopia #China, Joint Press Statement, 09 January 2026 This strong stance emerged during Chinese Foreign Minister Wang Yi’s high-level visit to Addis Ababa … Read more
Ethiopia’s Revenues Ministry has implemented a strict measure targeting informal “hand-to-hand” traders—small-scale vendors operating without formal receipts with QR Code. Effective from Tir 1, 2018 E.C. (June 9, 2018 G.C.), traders lacking receipts with QR Code face a complete ban on operations. The grace period for adopting these receipts with QR Code has ended, with … Read more
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
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