National Bank of Ethiopia to Auction $500 Million in Largest FX Injection Yet

NBE's planned record 500M dollar auction is more than 7x the size of regular FX sales.

NBE Orders Banks to Use Customs’ Indicative Prices for Selected Import

NBE orders banks to use Customs’ indicative prices for selected imports when processing forex, citing wide valuation gaps and concerns over balance of payments data. Rule takes effect Jan 27.

As Ethiopia Tightens Real Estate Rules, Developers Embrace Arbitration

A new agreement between the Ethiopian Real Estate Developers Association with the Addis Ababa Chamber aims to formalize dispute resolution in the sector long plagued by delays and scandals.

Websprix Launches Sovereign Cloud Infrastructure Amid Ethiopia’s Data Localization Push

Websprix, Ethiopia’s first private ISP, has launched a sovereign cloud infrastructure offering enterprise-grade VMware and OpenStack clusters, keeping all hosted data inside Ethiopia.

Midroc Says it Acquired Wabi Shebele Hotel, Plans World-Class Renovation

MIDROC Investment Group says it acquired the iconic Wabi Shebele Hotel, originally built in 1968. Plans are underway to renovate it into a luxury hotel under Marriott’s Autograph Collection standards.

Ethiopian SOEs Eyeing African Expansion as Local GDP Contribution Reaches 12%, EIH Chief Says

“We don’t want our SOEs to be just Ethiopian lions.” EIH CEO says state firms are eyeing regional expansion after years of restructuring and financial turnaround.

Visa Exemption Deal Takes Effect as Ethiopia, India Deepen Diplomatic Ties

Ethiopia and India have activated a visa-free travel agreement for diplomatic passport holders, effective Jan 15, 2026, after completing formal procedures under a pact signed in 2021.

Ethiopia Among 75 Countries Affected as U.S. Suspends Processing of Immigrant Visas

Ethiopia is among 75 countries affected as the U.S. suspends processing of immigrant visas starting Jan 21, citing tighter screening and public charge concerns.