Ethiopia’s investment climate remains fraught despite reform push, U.S. report warns Addis Abeba – Ethiopia’s economic reforms have yet to convince foreign investors, according to the 2025 Ethiopia Investment Climate Statement released over the weekend by the U.S. Department of State. Despite floating the birr, opening new sectors, and relaunching the Securities Exchange, persistent instability, …

The recently inaugurated Grand Ethiopian Renaissance Dam (Photo: EBC) Addis Abeba – In early September 2025, two significant events took place in Ethiopia: the inauguration of the Grand Ethiopian Renaissance Dam (GERD) and the second Africa Climate Summit (ACS2). The celebration of the GERD’s inauguration alongside the ACS2, a precursor to COP30, serves as a timely …

The electricity highway between Ethiopia and Kenya (photo: ADB) Addis Abeba – Ethiopia has emerged as Kenya’s primary source of imported electricity, supplying 83 percent of the country’s total power imports in the year to June 2025, underscoring Addis Abeba’s growing role in regional energy security. According to Kenya’s Capital FM, Ethiopia supplied 1,274.42 GWh …

The new Governor of the National Bank of Ethiopia (NBE), Eyob Tekalign (left), receiving a briefing from his predecessor, Mamo Mihretu, during a welcoming ceremony held on 21 September, 2025, at the Bank’s headquarters (Photo: NBE) Addis Abeba – In early September 2025, Mamo Mihretu announced his resignation as Governor of the National Bank of Ethiopia …

KEFI’s Tulu Kapi Gold Project to launch full development in October 2025 (Photo Mining Journal) Addis Abeba – KEFI Gold and Copper has announced that its Tulu Kapi Gold Project in western Oromia, Ethiopia, is on track to begin full-scale development in October 2025, with site preparations nearing completion and key infrastructure and community programs …

Fatal accident at Church construction site in Amhara region claims over 30 lives; more casualties feared (photo: AMECO) Addis Abeba – More than 30 people have been confirmed dead following a fatal accident this morning at a church construction site in Minjar Shenkora district, North Shewa Zone of the Amhara region. Authorities have warned that …

drone-attack-woldia-sm Addis Abeba – A drone strike on Sanka health post in Gubalafto Woreda, North Wollo Zone of the Amhara Regional State, on 27 September 2025, killed four civilians, including a pregnant woman, and left more than ten others injured, eyewitnesses and health professionals told the BBC Amharic. The attack occurred around 12:00 AM local …

Ethiopian Airline (photo: ET social page) Addis Abeba – The United States has pledged support for the construction of a $10 billion international airport in Ethiopia, in what marks President Donald Trump’s first major business initiative in the Horn of Africa. U.S. Senior Advisor for Africa, Massad Boulos, announced the commitment during a recent visit …

Hailstorms, floods devastate farmlands in Tigray and Amhara (photo: Tigray-Coomunication-Office Addis Abeba- Severe hail mixed with heavy rain in Tigray and a series of floods and landslides in Amhara have destroyed thousands of hectares of farmland, leaving tens of thousands of farming households facing hardship. In Degua Tembien Woreda of Southeast Tigray Zone, a hailstorm …

(Photo: NBE) Addis Abeba – It has now been over a year since Ethiopia formally transitioned from a crawling peg exchange rate system—in place for more than three decades—to a market-based foreign currency regime. This shift formed a cornerstone of the broader macroeconomic reforms introduced by the government in 2024, aimed squarely at addressing chronic foreign …