KEFI Nears $240M Debt Deal to Launch Ethiopia Gold Mine
KEFI Gold and Copper is set to sign a $240 million debt facility this week to fully launch its Tulu Kapi gold project, a pivotal step in developing Ethiopia's first modern, industrial-scale mine. The financing is the final major piece of the total $340 million required for the project.
https://telegra.ph/KEFI-Nears-240M-Debt-Deal-to-Launch-Ethiopia-Gold-Mine-10-15
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KEFI Gold and Copper is set to sign a $240 million debt facility this week to fully launch its Tulu Kapi gold project, a pivotal step in developing Ethiopia's first modern, industrial-scale mine. The financing is the final major piece of the total $340 million required for the project.
https://telegra.ph/KEFI-Nears-240M-Debt-Deal-to-Launch-Ethiopia-Gold-Mine-10-15
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 15, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Ethiopia's Exports Surge, Securing Over $2.4 Billion in First Quarter
Ethiopia's export sector has demonstrated remarkable growth, securing over 2.48 billion U.S. dollars in the first quarter of the current Ethiopian Fiscal Year, according to the Ministry of Trade and Regional Integration. This figure represents a significant 65 percent increase compared to the same period in the previous year.
https://telegra.ph/Ethiopias-Exports-Surge-Securing-Over-24-Billion-in-First-Quarter-10-15
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Ethiopia's export sector has demonstrated remarkable growth, securing over 2.48 billion U.S. dollars in the first quarter of the current Ethiopian Fiscal Year, according to the Ministry of Trade and Regional Integration. This figure represents a significant 65 percent increase compared to the same period in the previous year.
https://telegra.ph/Ethiopias-Exports-Surge-Securing-Over-24-Billion-in-First-Quarter-10-15
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 16, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia Inflation Eases to 13.2% as Transport Costs Surge
Ethiopia’s annual inflation rate slowed to 13.2% in September, a significant drop from 17.5% a year earlier, as a moderation in food price growth offset surging transport costs.
https://telegra.ph/Ethiopia-Inflation-Eases-to-132-as-Transport-Costs-Surge-10-16
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Ethiopia’s annual inflation rate slowed to 13.2% in September, a significant drop from 17.5% a year earlier, as a moderation in food price growth offset surging transport costs.
https://telegra.ph/Ethiopia-Inflation-Eases-to-132-as-Transport-Costs-Surge-10-16
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Ethiopia Proposes Sweeping Tax Breaks in New Draft Investment Law
The Ethiopian government is considering a major overhaul of its investment incentives, circulating a draft regulation that proposes a wide range of new tax and customs duty breaks to attract foreign and domestic capital.
https://telegra.ph/Ethiopia-Proposes-Sweeping-Tax-Breaks-in-New-Draft-Investment-Law-10-16
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The Ethiopian government is considering a major overhaul of its investment incentives, circulating a draft regulation that proposes a wide range of new tax and customs duty breaks to attract foreign and domestic capital.
https://telegra.ph/Ethiopia-Proposes-Sweeping-Tax-Breaks-in-New-Draft-Investment-Law-10-16
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 17, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia Enacts Landmark Startup Law to Fuel Tech Ecosystem
Ethiopia has officially enacted its first-ever Startup Proclamation, a landmark piece of legislation designed to recognize, empower, and accelerate the growth of the country's burgeoning technology and innovation ecosystem.
https://telegra.ph/Ethiopia-Enacts-Landmark-Startup-Law-to-Fuel-Tech-Ecosystem-10-17
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Ethiopia has officially enacted its first-ever Startup Proclamation, a landmark piece of legislation designed to recognize, empower, and accelerate the growth of the country's burgeoning technology and innovation ecosystem.
https://telegra.ph/Ethiopia-Enacts-Landmark-Startup-Law-to-Fuel-Tech-Ecosystem-10-17
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Career Opportunity with the World Food Programme (WFP)
The United Nations World Food Programme (WFP) in Addis Ababa, Ethiopia, is hiring a Programme Assistant (Strategic Partnerships) under the African Union Global Office (AUGO).
Full Article - https://telegra.ph/Career-Opportunity-with-the-World-Food-Programme-WFP-10-17
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The United Nations World Food Programme (WFP) in Addis Ababa, Ethiopia, is hiring a Programme Assistant (Strategic Partnerships) under the African Union Global Office (AUGO).
Full Article - https://telegra.ph/Career-Opportunity-with-the-World-Food-Programme-WFP-10-17
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Ethiopia Launches Agricultural Insurance Consortium to Shield Millions of Farmers from Climate Risks
Ethiopia has unveiled a sweeping new initiative to protect its smallholder farmers from the mounting risks of climate change, launching the Agricultural Insurance Consortium of Ethiopia (AICE) in partnership with local insurers and global technology firm Pula Advisors. The consortium brings together Abay Insurance, Africa Insurance, Nyala Insurance, Oromia Insurance, and the state-owned Ethiopian Insurance Corporation (EIC) in a coordinated effort to build climate resilience across the country’s agriculture sector.
https://telegra.ph/Ethiopia-Launches-Agricultural-Insurance-Consortium-to-Shield-Millions-of-Farmers-from-Climate-Risks-10-17
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Ethiopia has unveiled a sweeping new initiative to protect its smallholder farmers from the mounting risks of climate change, launching the Agricultural Insurance Consortium of Ethiopia (AICE) in partnership with local insurers and global technology firm Pula Advisors. The consortium brings together Abay Insurance, Africa Insurance, Nyala Insurance, Oromia Insurance, and the state-owned Ethiopian Insurance Corporation (EIC) in a coordinated effort to build climate resilience across the country’s agriculture sector.
https://telegra.ph/Ethiopia-Launches-Agricultural-Insurance-Consortium-to-Shield-Millions-of-Farmers-from-Climate-Risks-10-17
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 18, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 20, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia T-Bill Demand Surges as Yields Ease From 2025 Highs
Ethiopia's latest Treasury bill auction attracted robust investor demand, with bids for the October 15 sale reaching 56.3 billion birr, a 75% oversubscription on the 32.2 billion birr offered.
https://telegra.ph/Ethiopia-T-Bill-Demand-Surges-as-Yields-Ease-From-2025-Highs-10-20
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Ethiopia's latest Treasury bill auction attracted robust investor demand, with bids for the October 15 sale reaching 56.3 billion birr, a 75% oversubscription on the 32.2 billion birr offered.
https://telegra.ph/Ethiopia-T-Bill-Demand-Surges-as-Yields-Ease-From-2025-Highs-10-20
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Career Opportunity with the British Embassy
The British Embassy in Addis Ababa is seeking a Senior Communications Officer (SEO) to lead strategic communications and media engagement for one of the UK’s most important diplomatic missions in Africa.
Full Article - https://telegra.ph/Career-Opportunity-with-the-British-Embassy-10-18
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The British Embassy in Addis Ababa is seeking a Senior Communications Officer (SEO) to lead strategic communications and media engagement for one of the UK’s most important diplomatic missions in Africa.
Full Article - https://telegra.ph/Career-Opportunity-with-the-British-Embassy-10-18
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Fitch Holds Ethiopia at Default as Private Creditor Impasse Drags
Fitch Ratings has maintained Ethiopia's long-term foreign-currency rating at 'Restricted Default' (RD), signalling that the nation remains in a state of default despite significant progress on its economic reform agenda. The rating agency acknowledged major strides in stabilising the economy.
https://telegra.ph/Fitch-Holds-Ethiopia-at-Default-as-Private-Creditor-Impasse-Drags-10-20
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Fitch Ratings has maintained Ethiopia's long-term foreign-currency rating at 'Restricted Default' (RD), signalling that the nation remains in a state of default despite significant progress on its economic reform agenda. The rating agency acknowledged major strides in stabilising the economy.
https://telegra.ph/Fitch-Holds-Ethiopia-at-Default-as-Private-Creditor-Impasse-Drags-10-20
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Allied Gold Seeks $124M to Advance Ethiopian Gold Project
Allied Gold has launched a share placement to raise approximately 124 Million USD, with a significant portion earmarked to advance its Kurmuk gold project in Ethiopia, a strategic move that bolsters the country's emerging mining sector.
https://telegra.ph/Allied-Gold-Seeks-124M-to-Advance-Ethiopian-Gold-Project-10-20
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Allied Gold has launched a share placement to raise approximately 124 Million USD, with a significant portion earmarked to advance its Kurmuk gold project in Ethiopia, a strategic move that bolsters the country's emerging mining sector.
https://telegra.ph/Allied-Gold-Seeks-124M-to-Advance-Ethiopian-Gold-Project-10-20
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 21, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopost Goes Digital With Virtual P.O. Box Launch
State-owned Ethiopost has launched a new Virtual P.O. Box service, a major step in its digital transformation strategy aimed at modernizing postal services and capturing a share of the country's booming e-commerce and logistics market. The new platform allows users to receive, manage, and track their mail and packages digitally via a mobile app, a significant overhaul of the traditional, physical post office box system.
https://telegra.ph/Ethiopost-Goes-Digital-With-Virtual-PO-Box-Launch-10-21
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State-owned Ethiopost has launched a new Virtual P.O. Box service, a major step in its digital transformation strategy aimed at modernizing postal services and capturing a share of the country's booming e-commerce and logistics market. The new platform allows users to receive, manage, and track their mail and packages digitally via a mobile app, a significant overhaul of the traditional, physical post office box system.
https://telegra.ph/Ethiopost-Goes-Digital-With-Virtual-PO-Box-Launch-10-21
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 22, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Enko Capital Raises $100 Million for Africa SME Credit Fund
Pan-African asset manager Enko Capital has secured $100 million in the first close of a new private credit fund, a major capital injection aimed at bridging the financing gap for mid-market companies across Sub-Saharan Africa. The "Enko Impact Credit Strategy" will provide U.S. dollar-denominated loans to established businesses in non-cyclical sectors like agriculture, renewable energy, and telecommunications.
https://telegra.ph/Enko-Capital-Raises-100-Million-for-Africa-SME-Credit-Fund-10-22
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Pan-African asset manager Enko Capital has secured $100 million in the first close of a new private credit fund, a major capital injection aimed at bridging the financing gap for mid-market companies across Sub-Saharan Africa. The "Enko Impact Credit Strategy" will provide U.S. dollar-denominated loans to established businesses in non-cyclical sectors like agriculture, renewable energy, and telecommunications.
https://telegra.ph/Enko-Capital-Raises-100-Million-for-Africa-SME-Credit-Fund-10-22
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