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Four Ethiopian companies have secured Approval in Principle to list on the Ethiopian Securities Exchange’s (ESX) Main Market, expanding the pipeline of prospective issuers as the country continues to build its nascent capital market. The companies are Ayat S.C., Sidama Bank, Nib Insurance S.C. and ZamZam Bank. The approvals allow them to proceed to the […]

Prime minister says ambitious housing programme will accompany double-digit growth, export expansion and continued subsidies as government seeks to broaden the benefits of economic reforms. Ethiopia plans to build 1.5 million homes over the next five years in an effort to ease the country’s chronic housing shortage, Prime Minister Abiy Ahmed (PhD) told parliament on […]

Parliament Approves Record Budget as PM Seeks to Wean Economy Off External Support Ethiopia’s parliament has approved a record 2.339 trillion birr federal budget for the 2026/27 fiscal year, with the government relying on an unprecedented increase in tax revenue to finance most of its spending as it seeks to reduce dependence on external funding […]

Prime Minister Abiy Ahmed (PhD) and parliamentarian Dessalegn Chanie (PhD) offered contrasting assessments of Ethiopia’s economic situation during a parliamentary session, with the Prime Minister pointing to business expansion, industrial growth, health-sector investments and rising consumption as signs of progress, while the lawmaker warned that inflation and declining purchasing power were eroding the country’s middle […]

Hibret Insurance S.C. has registered nearly two million shares with the Ethiopian Capital Market Authority (ECMA), marking another step in the implementation of Ethiopia’s securities registration framework as companies prepare to operate under the country’s emerging capital market regime. The regulator said it approved the insurer’s Registration Statement on June 29, 2026, in accordance with […]

Kenya has abolished excise duty on bottled water under the Finance Act, 2026, removing a levy of 6.41 Kenyan shillings per litre as part of a wider overhaul of the country’s excise tax regime aimed at reflecting changing consumption patterns and easing costs for consumers. The measure took effect on July 1 after amendments to […]

New ten-year strategy shifts attention toward grid reliability, rural feeder roads, logistics, affordable housing and private-sector-led job creation The World Bank Group has excluded large publicly financed power-generation projects, major highways and tourism from its priority areas in Ethiopia for the next decade, signalling a significant change in how the institution intends to support the […]