Government

Ethiopia Seeks $2 Billion in Green Finance Amid Climate Vulnerability

Ranked 155th on the global climate vulnerability index, Ethiopia is among the countries most susceptible to climatic shocks, mainly drought and flooding, because of erratic rainfall patterns.

Ethiopia’s Ministerial Council Votes to Dissolve PEHA Amid SOE Reform Push

Cross-cutting reforms to the management of Ethiopia’s SOEs is one of the key targets under the Home-Grown Economic Reform Agenda 2.0 endorsed by international creditors.

Ethiopia’s Central Bank Maintains 15% Policy Rate, Slightly Uncaps Credit

Signaling another year characterized by taming the double-digit inflationary beast, Ethiopia’s central bank has widened the annual credit growth cap by a timid 4%.

Ethiopia's Documents Registration Agency Debuts Appointment Booking Platform

The Document Authentication & Registration Service has deployed, Qetero a digital appointment booking platform developed by Ethiopian developers.

Ethiopia Opens Financial Sector to Foreign Banks

Some members of parliament have raised concerns over the feasibility of opening the banking sector to foreign banks amid prevailing constraints.

Audit Review Uncovers Crosscutting Inefficiencies in Ethiopia's Passport Services

Delays in passport issuance, unauthorized penalties and even poor sanitation at bathrooms were highlighted in a post audit parliamentary review of Ethiopia's Immigration & Citizenship Services.

European Investors Voice Concerns Over Birr Crunch

As Ethiopia's FX reserves signal an increase following a transition to a market based exchange regime policy, investors are struggling to source local currency.

NBE Sets One-Month Deadline for Digital ID Requirement to Open Bank Accounts in Addis Ababa

The National Bank of Ethiopia has placed Fayda national digital IDs as a precondition for opening bank accounts in the capital by January 1st.