Ethiopian Online Auction Startup Taps into Agent Network to Expand Nationwide

Auction Ethiopia is working to introduce a 100,000-person agent network in the next five years to help sellers, from farmers to small businesses, navigate online auctions on its platform.

Ethio Telecom Enters Streaming Business With teleStream

Ethio Telecom has launched teleStream, an internet-based TV platform offering 60+ live channels and 350 VOD titles, delivered via its fiber network.

Ethiopia Expands Market-Based FX Policies in Far-Reaching Central Bank Move

Ethiopia’s central bank has unveiled a new FX directive easing remittances, education and medical payments abroad, and introducing forward FX trading.

New Report Charts Future of Africa-India Cooperation Across Tech, Trade and Health

A new report calls a reimagining of Africa-India relations charting a path to deeper cooperation on infrastructure, AI, green energy, and health, with a 50-year strategic vision.

Ethiopia Integrates AI Weather Forecasts into Nascent Digital Agriculture System

Ethiopia is rolling out AI-powered weather forecasts to help farmers navigate erratic rains and rising climate risks, linking national meteorological systems with digital advisory platforms.

Central Bank Says Customs Indicative Prices Are References, Not Fixed Rates

Ethiopia’s central bank has clarified that customs “indicative prices” for imports are reference points, not fixed rates, after confusion among banks over a directive from the prior month.

Moody’s Keeps Ethiopia Ratings in Speculative Territory, Cites Liquidity and Debt Risks

Moody’s affirms Ethiopia’s local currency rating at Caa2, foreign currency at Caa3, citing ongoing debt restructuring and liquidity risks.

Seven Ethiopian Startups Pitch Investors at Close of U.K.-Backed Accelerator

Seven Ethiopian startups pitched investors this week after completing a U.K.-backed accelerator aimed at early-stage manufacturers, as founders continue to navigate a tight funding landscape.