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The Commercial Bank of Ethiopia (CBE) has launched a nine-month nationwide campaign aimed at bringing 500,000 additional customers into its Sharia-compliant Noor banking service, as the state-owned lender seeks to expand financial inclusion in underserved parts of the country. The campaign, launched in partnership with FSD Ethiopia, will run from June 2026 to March 2027 […]

The International Air Transport Association has added Kora, a payments infrastructure company, to its Financial Gateway (IFG), enabling global airlines to access Africa’s fragmented payment systems through a single integration. The IFG platform is an airline payment orchestration system that connects carriers to global, regional and local payment providers, allowing them to offer multiple payment […]

The Ethiopian Customs Commission said it seized contraband goods valued at more than 989 million birr during a week-long nationwide enforcement operation, highlighting the scale of illicit trade confronting authorities amid efforts to strengthen revenue collection and curb illegal cross-border commerce. The commission said goods with an estimated value of 989.9 million birr were confiscated […]

The World Bank has lowered its growth forecast for Ethiopia’s economy by 0.8 percentage points, lowering projected gross domestic product expansion to 6.9 percent in fiscal year 2026/27, as weaker global conditions and geopolitical tensions weigh on the outlook despite ongoing domestic reforms. In its June 2026 Global Economic Prospects report, the lender said Ethiopia […]

Ethiopia has earmarked 542.1 billion birr (3.4 billion US dollars) for debt servicing in its 2026/27 draft federal budget, underscoring how repayment obligations are taking up an increasingly large share of public spending as the government advances a record 2.3 trillion birr fiscal proposal. The allocation was presented to the House of Peoples’ Representatives by […]

The Addis Ababa Drivers and Vehicles Licensing and Control Authority has begun issuing Ethiopia’s new standardised vehicle plates, bringing the country’s long-planned registration overhaul from policy into the streets of the capital. The authority launched the rollout on Thursday across its 11 branches after briefing reporters at its headquarters in Addis Ababa. Zegeye Belayneh, director-general […]