Habesha news that matters to the diaspora: achievements, business, community, culture, and the policies that affect us. Refreshed daily.
French retail giant Carrefour is launching operations in Addis Ababa within two weeks through a rebranding of Queens Supermarket locations, following a franchise agreement signed earlier this year.
Betelhem Tigabu co-founded B&A Juice House in Hawassa, Ethiopia in 2025, a fresh natural juice business launched with 270,000 birr in startup capital.
Ethiopia's capital market authority has set a minimum net worth requirement of 10 million birr for local investors purchasing shares in the Dangote Oil Refinery, restricting the offering to qualified investors.
China Southern Airlines has inaugurated a new direct air route between Guangzhou and Addis Ababa, strengthening commercial connectivity between Ethiopia and a major Chinese manufacturing hub.
Airbus forecasts that Ethiopia's per capita air travel will surge 150 percent over the next two decades, reflecting the country's growing role in Africa's aviation sector.
Ethiopia's Capital Market Authority has set strict eligibility and marketing rules for the proposed Dangote Petroleum securities offering to protect investors and ensure regulatory compliance.
The IMF projects Ethiopia's GDP growth at 9.2 percent for 2026 but warns that persistent inflation and a widening current account deficit pose economic risks ahead.
KEFI Gold and Copper has resumed development work at its Tulu Kapi Gold Project in Ethiopia after a temporary operational pause earlier this year.
Kegna Beverages, a major Ethiopian brewery founded by over 5,000 shareholders in 2017, is seeking distributors for its products across the country.
Oromia Bank achieved a 49% increase in pre-tax profit to 3.82 billion Birr in the 2025/2026 fiscal year, demonstrating strong performance despite liquidity challenges facing Ethiopia's banking sector.
Ethiopia has launched a major precious metals refinery at the Bole Lemi Special Economic Zone, marking a strategic shift toward domestic processing and high-value manufacturing in the mining sector.
ETTA Solutions and Visa have partnered to deploy 148,000 contactless payment devices across Ethiopia, marking the country's largest merchant digitization initiative to bring secure tap-to-pay technology to small and micro-enterprises.
Ethiopia's National Bank has increased foreign exchange auction allocations by 68 percent for the second quarter, injecting an additional $340 million into the banking system to support economic activity.
Ethiopia has launched a new Step-by-Step Guide and digital Trade Information Portal to help local businesses navigate the African Continental Free Trade Area, addressing a major barrier to cross-border commerce.
Agricultural leaders across Africa are advocating for market-driven approaches to scale farming investments and build sustainable businesses that can thrive beyond grant funding, as discussed at the Africa Food Systems Forum.
African leaders and institutions gathered at the Africa E-Mobility Week & Forum 2026 to push for coordinated action on electric mobility, emphasizing the need to move from policy to implementation for sustainable transport and industrialization.
NCBA Group PLC, a major East African financial services company, is targeting Ethiopia and the Democratic Republic of Congo as key expansion markets following its acquisition by South Africa's Nedbank Group.
Ethiopia has been selected to host the 2027 Africa Commerce Convergence Summit in Addis Ababa, recognizing the country's role as a hub for continental business and professional development.
Ethiopian Airlines has signed an agreement with Boeing to acquire ten new cargo freighters as part of its long-term Vision 2040 fleet expansion strategy.
Ethiopia's National Bank is establishing a dedicated Cybersecurity and Fraud Directorate as part of its 2026–2030 Digital Payments Strategy, responding to significant security vulnerabilities and recent fraud losses in the nation's expanding digital financial sector.
The African Export-Import Bank announced a major infrastructure investment in Djibouti, including expansion of the Damerjog jetty and industrial road networks, advancing regional economic integration in the Horn of Africa.
Chinese investors are expanding their presence in Ethiopia's technology and manufacturing sectors, with a major aluminum plant launch and new interest in the ICT industry signaling continued foreign investment in the nation's economy.
Hormuud Telecom and GetPhone are expanding smartphone financing across four Somali states following strong early demand and successful repayment rates since the program's launch.
Aman Properties, a real estate company, marked a transformative 2018 with the consolidation of three established firms and significant business milestones.
Ethiopia's Investment Holdings and Nigeria's Dangote Group have jointly launched a $160 million fuel storage terminal in Djibouti, marking a significant regional infrastructure and trade development with participation from Ethiopian and regional leadership.
Ethiopia and Djibouti are breaking ground on a $160 million petroleum storage terminal at Damerjog Industrial Park, a joint venture involving the Dangote Group and Ethiopian Investment Holdings that signals major regional economic development.
Ethiopia's Capital Market Authority has approved a new Collective Investment Schemes directive, opening the country's capital markets to everyday investors and marking a significant step toward broader financial participation.
Gadaa Bank, one of Ethiopia's younger financial institutions, reported strong growth with deposits rising 68% to Birr 11.89 billion and total assets expanding 66% to Birr 16.79 billion in the 2025/26 fiscal year.
Ethiopia has launched Chinet Mobile, a digital freight marketplace designed to modernize the country's import-export and domestic logistics sector for commercial haulage operations.
Wegagen Bank, a major Ethiopian financial institution, reported strong growth with 4.3 billion birr in pre-tax profit and over 111 billion birr in total assets for the 2025/26 fiscal year.
United Capital Group has been selected as a joint issuing house and official broker for the historic initial public offering of Nigeria's Dangote Petroleum Refinery, a major sub-Saharan African industrial enterprise.
Ethiopian Cargo and Logistics Services has partnered with CargoAi to modernize its digital freight booking platform, offering real-time rate visibility and streamlined e-booking for international forwarders.
Ethiopian startup Orbix Technologies has launched a digital platform designed to integrate 500,000 electric vehicles into a unified green transport ecosystem following an 18-month development cycle.
Dangote Industries, a major African conglomerate, is launching a historic IPO and expanding operations in Ethiopia with a large petroleum refinery and free zone project.
The U.S. Development Finance Corporation is backing a $12.5 billion Bishoftu International Airport project as part of a deepening commercial aviation partnership between the United States and Ethiopia, with support for aerospace technology and investment.
The Addis Ababa Chamber of Sectoral Associations is launching a Green Growth Centre to coordinate private sector participation in the UN Climate Change Conference (COP32) in 2026, signaling Ethiopia's commitment to sustainable development leadership.
The Commercial Bank of Ethiopia reported Birr 60.51 billion in non-interest income for 2025/26, nearly doubling from the previous year and reflecting strong growth in fee-based services.
The International Fund for Agricultural Development and AgDevCo sign a $10 million loan agreement to support early-stage agricultural enterprises across Africa, including Ethiopia, strengthening food systems and private investment.
AXIAN Group and the African Development Bank launch a digital finance program to support over 34,000 women-led businesses across five African countries, expanding financial inclusion and entrepreneurship.
Aman Properties, a unified real estate developer, launched publicly in Addis Ababa and announced plans for Aman Addis Expo 2026, offering new residential units at significant discounts.
Brazil's trade agency opens its first permanent office in Addis Ababa to expand partnerships in agribusiness, green energy, and technology with Ethiopia.
The National Bank of Ethiopia is seeking bids for development of a financial services price comparator tool, reflecting ongoing modernization of Ethiopia's financial infrastructure.
Ethiopia's foreign exchange auctions in August saw sharp declines in participating commercial banks, dropping from 28 to just 5 lenders by month's end, signaling potential liquidity challenges in the banking sector.
Ethiopia's inflation rate rose to 15.3 percent in July, driven by significant price increases in sugar, oil, and wheat, marking a 1.4 percentage point increase from the previous month.
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