Ethiopia’s immigration service issued more than 1.6 million passports and collected 42.7 billion birr in revenue during the 2025/2026 fiscal year, marking a record performance for the agency amid sweeping digital reforms, officials said. The Immigration and Citizenship Service also issued over 1 million visas, distributed nearly 33,000 Ethiopian-origin identity cards, granted 21,163 residence permits, […]

Emergency spot purchases pushed diesel costs to about 270 US dollars a barrel as the country secured only 60 percent of its monthly diesel needs during March and April Ethiopia paid as much as 300 US dollars a barrel for jet fuel and about 270 US dollars for diesel at the height of a recent […]

Fund report raises questions over effectiveness of the credit cap as lending surged ahead of this week’s monetary policy overhaul Private-sector credit in Ethiopia was expanding at an annual rate of 50 percent even before authorities removed the commercial bank credit cap this week, according to the latest International Monetary Fund review of the country’s […]

Governor Eyob Tekalign says export earnings tripled and foreign-exchange reserves rose to three times their pre-reform level Ethiopia’s balance of payments moved into surplus during the 2025/26 financial year, reversing the deficits recorded before the government launched its macroeconomic reform programme, according to National Bank of Ethiopia Governor Eyob Tekalign. Speaking following the seventh meeting […]

Fund review captures the final chapter of Ethiopia’s era of direct monetary controls as policymakers move decisively toward market-based tools An International Monetary Fund (IMF) report released a day after Ethiopia unveiled its major monetary policy overhaul in years provides a snapshot of an economic framework that policymakers have already begun leaving behind. The IMF’s Fifth […]

Seven related Federal High Court cases challenge the scheme’s insurance protection, use of members’ contributions and capacity to meet its housing-delivery commitments Key Housing Finance Solution’s collective homeownership model is facing judicial scrutiny after 236 registered buyers brought seven related civil cases against the company and Bunna Insurance. The cases, filed before the Lideta Division […]

New bank-specific mechanism will replace the economy-wide credit cap with targeted intervention based on loan-to-deposit ratios The National Bank of Ethiopia will impose additional reserve requirements on individual commercial banks whose lending levels are assessed as contributing to inflationary pressure, introducing a targeted mechanism to control credit growth following the removal of the sector-wide credit […]

Central Bank Governor Eyob Tekalign (PhD) says Ethiopia’s monetary stance is “if anything, tighter than before” as the central bank replaces the blanket lending restriction with market-based tools The removal of Ethiopia’s commercial bank credit cap does not represent an easing of monetary policy, National Bank of Ethiopia Governor Eyob Tekalign said, arguing that the […]