Paris Club Urges Faster Debt Restructuring as Ethiopia Case Exposes Gaps in G20 Framework The Paris Club has called for reforms to the G20 Common Framework for debt treatment, saying the mechanism needs to become faster and more effective as Ethiopia’s prolonged debt restructuring highlights persistent challenges in coordinating official and private creditors. In its […]

Demand for foreign currency at Ethiopia’s latest central bank auction eased from the previous sale, with commercial banks bidding for 160.5 million US dollars against 100 million US dollars on offer, the National Bank of Ethiopia (NBE) said on Wednesday. The auction cleared at 157 birr per U.S. dollar, with the marginal rate, weighted average […]

The Development Bank of Ethiopia (DBE) plans to issue green and Sharia-compliant Sukuk bonds next year as part of a broader effort to diversify its funding base and reduce reliance on traditional sources of capital, the bank’s president said during a parliamentary review of its nine-month performance. Appearing before the Standing Committee on Government Development […]

Ethiopia’s state-owned cargo vessel MV Gibe has resumed its voyage to Djibouti after a delay near the Strait of Hormuz caused by heightened tensions in the Gulf region, according to Ethiopian Shipping and Logistics (ESL). The vessel is currently sailing through the Gulf of Oman and is expected to reach the Port of Djibouti at […]

Bunna Bank S.C. has completed the securities registration process with the Ethiopian Capital Market Authority (ECMA), positioning the lender to join Ethiopia’s expanding equity market as more companies enter the formal securities trading system. ECMA said it approved Bunna Bank’s Registration Statement on June 23, 2026, registering 61,895,598 existing shares held by shareholders and 2,587,002 […]