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Ethiopia has introduced tough new regulations for foreign banks entering its financial sector, yet to approved, under the National Bank of Ethiopia’s (NBE) “Requirements for Licensing and Renewal of Banking Business and Representative Office Directive.” The directive mandates a minimum paid-up capital of five billion b
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Russia-Ethiopia Trade More Than Tripled in 2025, Putin Says
1+ day, 12+ hour ago (429+ words) Trade between Russia and Ethiopia more than tripled in 2025 and continued to grow, Russian President Vladimir Putin said as the two countries sought to deepen economic ties beyond their longstanding political relationship. Putin made the remarks during a meeting with…...
BRICS Eyes Startup Fund to Drive Innovation Across Member Economies
2+ day, 1+ hour ago (494+ words) BRICS leaders have backed a network linking startup incubators across member countries and opened the door to a dedicated innovation fund, as the expanded grouping seeks to turn technological cooperation into a more practical engine of industrial growth. Leaders welcomed…...
TDB Eyes New Fertilizer Project in Ethiopia, Chief Says
2+ week, 2+ day ago (648+ words) The Trade and Development Bank is eyeing a new fertilizer project in Ethiopia as part of a pipeline of regional investments in energy, aviation and agricultural inputs, according to Admassu Tadesse, the bank’s president and chief executive. The chief executive…...
Ethiopia, Kenya Tourism Bodies Strike Three-Year Deal on Skills and Business Travel
2+ week, 6+ day ago (427+ words) Ethiopia’s hospitality and tourism industry is set to gain new channels for professional training, knowledge exchange and business tourism under a three-year cooperation agreement with Kenyan tourism organisations. Research and innovation form another part of the agreement, with the organisations…...
Canaan???s Ethiopia Bitcoin Operations Account for Nearly a Third of Global Computing Power
3+ week, 12+ hour ago (729+ words) Canaan Inc., the US-listed bitcoin mining and computing infrastructure company, had 4.96 exahashes per second (EH/s) of installed computing power in Ethiopia at the end of July, accounting for about one-third of its global installed mining capacity, according to the company’s…...
Manufacturing Expansion Saves $5.9 Bln in Import Costs, Minister Says
3+ week, 3+ day ago (590+ words) About 4,400 manufacturing enterprises started operations during the 2025/26 financial year, helping save 5.9 billion US dollars in foreign exchange through import substitution, Industry Minister Melaku Alebel said. The increase in manufacturing comes as the government seeks to reduce reliance on imported goods,…...
Addis Ababa Is Breathing Black Carbon at Up to Nine Times U.S. City Levels, NASA Study Finds
3+ week, 6+ day ago (363+ words) Residents of Addis Ababa are breathing air containing black carbon at levels four to nine times higher than those measured in three major U.S. metropolitan areas monitored by NASA, according to a new study that offers one of the most detailed…...