Business

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Business·Economy·News

Ethiopia’s New Banking Legislation: A Double-Edged Sword for Domestic Banks

December 17, 2024

The recent banking legislation in Ethiopia signifies a major transformation in the nation’s financial sector, aiming to remove long-standing barriers that have restricted foreign banks from participating in the local market. This

Business·Economy·News

Ethiopia Transfers Control of Ten Companies to the Sovereign Wealth Fund

December 4, 2024

Ethiopia has transferred ownership of ten state-owned enterprises to the government’s sovereign wealth fund as part of efforts to enhance their management. The companies involved include Ethiopian Electric Power, Ethiopian Railway Corporation,

Tsegaye Tegenu (PhD) Creation of economic prosperity roadmap for Ethiopia

Ethiopia Needs Long-Term National Development Plan (Part Twenty-Five, Funding Sources and Impacts)

Tsegaye Tegenu, PhD 2024-08-11 Funding long-term national development plans refers to the

Commercial Bank of Ethiopia’s System Failure: A Closer Look at the Consequences for Customers

The Commercial Bank of Ethiopia (CBE) is currently facing the challenge of

News·Business·Economy

How Ethiopian Bureaucracy Hinders Foreign Direct Investment

March 18, 2024

by The Habesha

Eyasu Zekarias The Ethiopian government is currently confronted with a critical issue in luring fresh foreign direct investment (FDI) and promoting economic growth, primarily

Economy·Business

Ethiopia Fails to Pay Coupon, Becoming Latest African Defaulter

December 25, 2023

by The Habesha

Fasika Tadesse and Colleen Goko Bloomberg Businessweek Mon, December 25, 2023 Ethiopia became Africa’s latest defaulter after it failed to make an interest payment

News·Business·Economy

Fitch Ratings has downgraded Ethiopia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR)to ‘C’

December 14, 2023

by The Habesha

Fitch Ratings – Hong Kong – 14 Dec 2023: Fitch Ratings has downgraded Ethiopia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) as well as

Business

Ethiopian Airlines adds two new African routes and resumes New York services

February 23, 2023

Aviations News Ethiopia’s flag carrier Ethiopian Airlines is adding two new African routes to its network out of its Addis Ababa hub. The carrier also has plans