Ethiopia will keep interest rates high for the rest of the year to combat transitory inflation caused by an overhaul of its foreign exchange policy, central bank Governor Mamo E. Mihretu said. The ...

Ethiopia’s Council of Ministers approved a bill that would pave the way for overseas banks to acquire stakes in domestic lenders, marking the end of a three-decade-old policy to keep foreigners ...

This page is no longer being updated. It was last updated on 2 January 2024 Ethiopia is Africa's oldest independent country and its second largest in terms of population. Apart from a five-year ...

The value of Ethiopia's currency has fallen by ... making it difficult for the country to attract much needed foreign investment. Under the new policy announced by the central bank, the value ...

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Ethiopia, which suffered foreign currency shortages in the months leading to the reforms, imports many essential commodities. To help consumers cope with the impact of the new policy, authorities ...

Ethiopia’s central bank has set tough new rules for foreign banks seeking to enter the country as Prime Minister Abiy Ahmed’s administration cautiously opens up the financial sector to foreign ...

The minister positioned economic cooperation as a central pillar of Ethiopia's foreign policy and national transformation strategy. "This forum signals that economic diplomacy is no longer a ...

The foreign ministers of Germany and France have arrived in Ethiopia to support a November peace deal between federal and Tigray authorities to end two years of brutal war. Annalena Baerbock and ...