Ethiopia has unveiled a domestically developed probiotic starter culture designed to ferment milk more efficiently, a move officials say could help curb dairy imports and enhance food security. The Ethiopian Institute of Agricultural Research (EIAR) launched the product, named Etittuu, on Monday during an event marking World Milk Day. The culture enables pasteurized milk to […]

The National Bank of Ethiopia (NBE) said on Monday it will hold a special foreign-exchange auction worth 100 million U.S. dollars on June 9, offering commercial banks access to hard currency through its auction platform. According to the central bank, bids will be submitted between 10:00 a.m. and 12:00 noon through its CSD-based foreign-exchange auction […]

Ethiopian Airlines expects its profit margins to decline after fuel costs rose to 54 percent of operating expenses, as higher jet fuel prices linked to Middle East tensions continue to weigh on the aviation sector, Chief Executive Officer Mesfin Tasew Bekele said. Speaking on the sidelines of the International Air Transport Association annual general meeting […]

Until April, Ethiopia’s securities market had moved at a cautious, almost hesitant pace, with only a handful of listings since the Ethiopian Securities Exchange began operations. That stillness broke when Awash Bank, the country’s largest private lender, stepped onto the main board with 37,896,928 shares, reshaping the scale of early market activity.  The volume dwarfed […]

A decision by Ethiopian Airlines to stop accepting ticket payments in Sudanese pounds at its Port Sudan office and require U.S. dollar cash payments has triggered debate among aviation professionals and economists, amid concerns over currency depreciation and restricted travel access for passengers in Sudan. The policy shift comes as the Sudanese pound continues to […]

The Ethiopian Capital Market Authority has granted a Capital Market Service Provider licence to United Capital Financial Services PLC, a subsidiary of Nigeria’s United Capital Group, making it the first foreign investment bank to establish a subsidiary in Ethiopia. The licence, issued on June 5, authorises the company to operate under the investment banking category. […]

Ethiopia’s logistics sector is a notorious choke point for the entire economy. High costs, chronic delays, and over-reliance on Djibouti have long inflated import prices, squeezed manufacturers, and undermined export ambitions. So when the Ministry of Transport and Logistics issued Directive 1140/2026, one might have expected measures to unleash efficiency. Instead, the government has erected […]

The Immigration and Citizenship Service (ICS) has announced plans to launch a new passport issuance system that uses the national digital ID (Fayda), allowing citizens to apply online without appearing in person for fingerprinting. The reform aims to ease long‑standing administrative bottlenecks. The ICS has long struggled with inefficiencies, including extensive backlogs and mandatory in‑person […]