The National Bank of Ethiopia has moved to redraw the boundaries of one of its most sensitive trade channels, issuing a directive that brings Franco Valuta imports under a formal enforcement regime and tightens oversight of transactions conducted outside the official foreign exchange system. The directive, Import on Franco Valuta Directive No. FVD/01/2026, introduces penalties […]

Zerihun Sheleme Erensa is the founder and chief executive officer of Awach Savings and Credit Cooperative, one of Ethiopia’s most prominent savings and credit cooperative organizations. Born and raised in Addis Ababa, Zerihun’s journey began far from the formal financial sector. After completing high school at Keftegna 12, he continued his education while working, first […]

The Council of Ministers has approved a draft statistics proclamation that would tighten state control over national data systems, standardise planning procedures and strengthen the legal framework governing official statistics, as Addis Ababa pushes to build a more centralised and sovereign data regime. The draft law, prepared by the Ministry of Planning and Development and […]

The African Development Bank and the World Economic Forum launched a new framework aimed at steering private capital into Africa’s most fragile and underserved economies, in an effort to narrow the continent’s persistent development financing gap. The initiative, known as the Humanitarian and Resilience Investing (HRI) Roadmap for Africa, is designed to mobilise commercial and […]

The Ministry of Water and Energy has formally called on African nations to strengthen hydro diplomacy in managing transboundary rivers, warning that the continent faces an annual financing gap of more than 50 billion US dollars for water and sanitation infrastructure. The appeal came during the African Union’s 2026 annual summit, held on the 63rd […]

Ethiopia said on Thursday that a committee representing holders of its 6.625 percent Eurobond due in 2024 had rejected a revised restructuring proposal that removed a controversial value recovery instrument, prolonging uncertainty over the country’s first international sovereign debt workout. The Ministry of Finance said the revised proposal was discussed during restricted negotiations held between […]

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