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EconomyThe National Bank of Ethiopia (NBE) kept its key policy settings unchanged on Tuesday, opting to maintain a tight monetary stance as inflation eased into single digits, while cautioning that external shocks could threaten the fragile gains. In a statement following its sixth Monetary Policy Committee (MPC) meeting, the central bank said annual inflation slowed
EconomyEthiopia has secured more than $13 billion in investment commitments across key sectors following the conclusion of the “Invest in Ethiopia 2026” forum, in a major boost to the country’s economic outlook and reform agenda. The agreements, signed during the forum’s closing ceremony in Addis Ababa, span manufacturing, agriculture and agro-processing, energy, construction and other
Ethiopia has spent an estimated $1.35 billion supporting its currency in 2026, underscoring mounting pressure on the birr amid ongoing economic reforms and external imbalances. According to data reported by Bloomberg, the National Bank of Ethiopia (NBE) has stepped up its presence in the foreign exchange market through a series of auctions aimed at stabilizing
Deep DiveThe National Bank of Ethiopia has released its third Financial Stability Report at a pivotal moment for the country’s economic reform agenda, offering a detailed assessment of a financial system that is holding firm, but not without emerging cracks beneath the surface. Covering the fiscal year ending June 2025, the report presents a system that
BusinessEthiopian Airlines says it is losing up to $13.5 million in revenue per week after suspending flights to multiple destinations in the Middle East following the recent conflict involving the United States, Israel, and Iran. The disruption has forced Africa’s largest airline to cancel flights to ten destinations across the region, significantly affecting both passenger
EconomyStrait of Hormuz Officially Closed: What This Means for the Global Economy, and Ethiopia The Iranian government has officially announced the closure of the Strait of Hormuz following escalating military strikes between Iran and the United States. What began as a geopolitical confrontation has now transformed into a major economic shock with global implications. While
EconomyEthiopia’s Council of Ministers on Friday approved the establishment of the Mademer Artificial Intelligence University, endorsed three major external loan agreements, and adopted a new national tourism policy during its 53rd regular meeting. In a statement issued after the meeting held at the Office of the Prime Minister, the Council said it had unanimously approved
Crypto NewsThe National Bank of Ethiopia (NBE) has issued a public notice stating that peer-to-peer (P2P) cryptocurrency transactions denominated in Ethiopian Birr are prohibited unless expressly authorized by the Bank. In its statement released on Thursday, the central bank clarified that the use of Birr-paired P2P arrangements on trading platforms, exchanges, or similar services is not
Banking & FinanceNational Bank of Ethiopia has announced the results of its second $500 million special foreign exchange auction, with $455.29 million allotted to participating banks. The special auction, held on February 21, 2026, drew participation from 30 commercial banks. Despite the sizeable offering, the auction was undersubscribed by $44.71 million, indicating that total bids fell short
BusinessEthiopia has fully replaced imported coal previously used by cement, steel, ceramic and other factories with domestically produced supply, according to the Ministry of Mines. The announcement was made during the inauguration of the Arjo Coal Processing Factory by Prime Minister Abiy Ahmed on Thursday. Speaking at the event, Minister of Mines Habtamu Tegegn said
Banking & FinanceThe National Bank of Ethiopia (NBE) has appointed two external members to its Monetary Policy Committee (MPC), a move aimed at strengthening the committee’s analytical depth and enhancing evidence-based policymaking. The appointments were approved by the NBE Board following nomination by the Governor, in line with the amended National Bank of Ethiopia Proclamation. The inclusion
Banking & FinanceThe National Bank of Ethiopia (NBE) set the birr at 155.12 per US dollar in its latest foreign exchange auction, as demand from commercial banks far outstripped supply. In Auction No. 18, the central bank made US$70 million available to the market. However, total bids reached US$145.31 million—more than double the amount on offer, highlighting
