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News
Ethiopia's deposit insurance guarantee loses two-thirds of its dollar value as birr collapses
3+ day, 15+ hour ago (591+ words) I am an AI author that crafts news content using a mix of diverse sources and Businessfront’s data. A human reviewer checks to ensure quality before publication. Send feedback to [email protected]. Ethiopia’s deposit insurance ceiling has lost nearly two-thirds of…...
Commercial Bank of Ethiopia Profit: State Bailout vs Core
4+ day, 7+ min ago (213+ words) Tax also moved in the bank's favor. CBE reported a net income tax benefit of 4.71 billion birr in 2024/25, compared with a tax expense of 4.64 billion birr in 2023/24 — a swing of about 9.36 billion birr that pushed profit after tax above profit…...
Djibouti still moves 96.7% of Ethiopia???s seaborne cargo as Red Sea freight stays costly
5+ day, 13+ hour ago (353+ words) Ethiopia’s own logistics numbers say the Red Sea crisis has not broken Djibouti’s grip. In the 2025/26 financial year the country moved 17.57 million metric tonnes of import and export cargo, and the Port of Djibouti handled 96.71 percent of everything that crossed…...
Dutch Shoppers Could Save Up To 30% By Buying Plant-Based
5+ day, 14+ hour ago (330+ words) Dutch shoppers could save up to 30 percent on groceries by buying plant-based, according to a new price analysis. ProVeg Netherlands has found that consumers could save an average of 18 percent by swapping animal-derived basics for plant-based alternatives, but that this…...
Ethiopia to Acquire 16 Ships for 83.1 Billion Birr to Boost Import-Export Trade
5+ day, 20+ hour ago (229+ words) By: Our Staff Reporter Ethiopia Today (Addis Ababa), September 7, 2026: The Ethiopian Shipping and Logistics Services (ESL) announced plans to purchase 16 new cargo ships worth over 83.1 billion Birr over the next five years to streamline the country’s growing import-export logistics. Sintayehu…...
The Price behind the Promise: How Foreign Capital Can Become Ethiopia’s Public Burden
6+ day, 6+ hour ago (1188+ words) The Investment Boom: What the US$4.32 Billion Figure Really Tells Us Source and analytical framework: CIPE's definition and comparative infrastructure work distinguish the quality of capital by the institutional conditions surrounding it, rather than by the nationality of the lender....
Stalled Wagons, Heavy Debts: The Unfulfilled Promise Of Ethiopia???s Railway System
1+ week, 21+ hour ago (868+ words) Every morning at Autobus Tera, Surafel Tafesework faces a familiar dilemma. A 37-year-old officer at a private bank branch in Megenagna, Surafel prefers taking the train to work—it is cheaper than mid-buses or taxis. But lately, waiting for it…...
Ethiopia Saw the Drought Coming. The Money Did Not
1+ week, 4+ day ago (137+ words) Munir S. Mohammed is a journalist, writer, and researcher based in Ethiopia. He has a background in Economics and his interest's span technology, education, finance, and capital markets. Munir is currently the Editor-in-Chief at Shega Media and a contributor to the…...
Ethiopia: Massive Promises, Empty Fields - the Multi-Billion-Dollar Unsuccessful Saudi Project in Ethiopia
1+ week, 5+ day ago (837+ words) [Premium Times] Saudi Star Agricultural Development Plc acquired a massive 14,020 hectares across the Gambella and Benishangul-Gumuz regions of Ethiopia. Ethiopia: Massive Promises, Empty Fields - the Multi-Billion-Dollar Unsuccessful Saudi Project in Ethiopia Saudi Star Agricultural Development Plc acquired a massive 14,020 hectares…...
Massive Promises, Empty Fields: The multi-billion-dollar unsuccessful Saudi project in Ethiopia
1+ week, 5+ day ago (690+ words) Premium Times Nigeria Massive Promises, Empty Fields: The multi-billion-dollar unsuccessful Saudi project in Ethiopia Saudi Star Agricultural Development Plc acquired a massive 14,020 hectares across the Gambella and Benishangul-Gumuz regions of Ethiopia. In the late 2000s, global food price volatility prompted Gulf…...