Ethiopia’s $24 Million IPO Falls Short as Ethio Telecom Sells 10% Stake
(The Habesha) – In a surprising turn of events, Ethiopia’s maiden IPO for state-run Ethio Telecom did not meet expectations, raising only 3.2 billion
Ethiopia’s New Banking Legislation: A Double-Edged Sword for Domestic Banks
The recent banking legislation in Ethiopia signifies a major transformation in the nation’s financial sector, aiming to remove long-standing barriers that have restricted foreign
Ethiopia Transfers Control of Ten Companies to the Sovereign Wealth Fund
Ethiopia has transferred ownership of ten state-owned enterprises to the government’s sovereign wealth fund as part of efforts to enhance their management. The companies
Ethiopia Needs Long-Term National Development Plan (Part Twenty-Five, Funding Sources and Impacts)
Tsegaye Tegenu, PhD 2024-08-11 Funding long-term national development plans refers to the process of securing and managing financial resources to support strategic initiatives aimed
Commercial Bank of Ethiopia’s System Failure: A Closer Look at the Consequences for Customers
The Commercial Bank of Ethiopia (CBE) is currently facing the challenge of recovering significant amounts of money that were withdrawn by customers due to
How Ethiopian Bureaucracy Hinders Foreign Direct Investment
Eyasu Zekarias The Ethiopian government is currently confronted with a critical issue in luring fresh foreign direct investment (FDI) and promoting economic growth, primarily
Ethiopia Fails to Pay Coupon, Becoming Latest African Defaulter
Fasika Tadesse and Colleen Goko Bloomberg Businessweek Mon, December 25, 2023 Ethiopia became Africa’s latest defaulter after it failed to make an interest payment
Fitch Ratings has downgraded Ethiopia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR)to ‘C’
Fitch Ratings – Hong Kong – 14 Dec 2023: Fitch Ratings has downgraded Ethiopia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) as well as
Ethiopian Airlines adds two new African routes and resumes New York services
Aviations News Ethiopia’s flag carrier Ethiopian Airlines is adding two new African routes to its network out of its Addis Ababa hub. The carrier also has plans
The Horn of Africa States Fiat Money Versus Gold
By Dr. Suleiman Walhad December 15th, 2022 Fiat money is generally defined as the currency issued by a government through its central bank. Such
Top 10 best airlines in Africa
VICTOR OLUWOLE June 19, 2022 Skytrax has revealed the World’s Top 100 Airlines for 2021 and Ethiopian Airlines maintained its number one ranking as
Ethiopian News: Ethiopia’s State Telecom Launches 5G Services in Capital
By Dawit Endeshaw ADDIS ABABA (Reuters) – State-owned operator Ethio Telecom launched a 5G mobile phone service on Monday in a key step ahead