Category: Business
Ethiopia's central bank said the country has officially joined the Pan-African Payment and Settlement System, aiming to connect local financial institutions to a continental cross-border payments network.
Ethiopian Airlines has ordered Boeing 777 freighters to expand its fleet, with eight 777-8 freighters expected next decade.
Ethiopian Airlines is set to sign an agreement with Boeing for 10 freighter aircraft, according to a banner displayed at the signing ceremony venue.
Allied Gold Corporation reported its financial and operational results for the second quarter of 2026, producing 97,429 ounces of gold.
Ethiopia's new $12.5 billion mega-airport project has become a focal point of US-China competition, with Chinese state-owned companies leading the bidding.
India's Kilitch Drugs will sell its entire stake in Ethiopian unit Kilitch Estro Biotech to state-owned HarmeeCare Pharmaceuticals for $14 million, citing plans to expand Indian manufacturing capacity and reduce debt.
Aliko Dangote has confirmed plans for a Dangote Fertiliser IPO in 2028 while joking about social media memes from new refinery shareholders.
The IMF has unveiled Ethiopia’s external borrowing plan for 2026/27, aiming to contract USD 4.9 billion in new debt for infrastructure and economic support.
Former Finance Secretary Subhash Chandra Garg discussed BRICS' shift towards China's yuan, as Chinese President Xi Jinping is expected to attend the summit in India.
The International Labour Organization held a workshop under a Japan-funded programme aimed at strengthening Ethiopia's climate-resilient leather, textile and garment industry.
