Ethiopia Bondholder Talks Collapse, Delaying Path From Default
Ethiopia's crucial debt restructuring talks with private bondholders have collapsed without an agreement, a major setback that prolongs the country's sovereign default and complicates its access to international capital markets.
https://telegra.ph/Ethiopia-Bondholder-Talks-Collapse-Delaying-Path-From-Default-10-14
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Ethiopia's crucial debt restructuring talks with private bondholders have collapsed without an agreement, a major setback that prolongs the country's sovereign default and complicates its access to international capital markets.
https://telegra.ph/Ethiopia-Bondholder-Talks-Collapse-Delaying-Path-From-Default-10-14
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Ethio Telecom Taps China's TINNO for Local Smartphone Production
State-owned Ethio Telecom is in
talks with Chinese electronics giant TINNO Mobile to establish a local smartphone manufacturing plant, a strategic move to slash the cost of devices and accelerate digital inclusion across Ethiopia.
https://telegra.ph/Ethio-Telecom-Taps-Chinas-TINNO-for-Local-Smartphone-Production-10-14
@businessinfoeth
State-owned Ethio Telecom is in
talks with Chinese electronics giant TINNO Mobile to establish a local smartphone manufacturing plant, a strategic move to slash the cost of devices and accelerate digital inclusion across Ethiopia.
https://telegra.ph/Ethio-Telecom-Taps-Chinas-TINNO-for-Local-Smartphone-Production-10-14
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Birr Settles Near 148 in Landmark Ethiopian Forex Auction
Ethiopia’s birr settled at a weighted average of 148.1007 per U.S. dollar in the central bank's first foreign exchange auction in over two months, a landmark step in the country's gradual move toward a more market-determined exchange rate.
https://telegra.ph/Birr-Settles-Near-148-in-Landmark-Ethiopian-Forex-Auction-10-14
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Ethiopia’s birr settled at a weighted average of 148.1007 per U.S. dollar in the central bank's first foreign exchange auction in over two months, a landmark step in the country's gradual move toward a more market-determined exchange rate.
https://telegra.ph/Birr-Settles-Near-148-in-Landmark-Ethiopian-Forex-Auction-10-14
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Funding Opportunity with UNDP Africa
UNDP Africa is inviting applications for the Accelerate Africa Entrepreneurship Challenge 2025, a program designed to empower youth- and women-owned MSMEs across the continent. The initiative provides grants of up to $250,000, technical support, and opportunities to scale innovative and impactful businesses.
Full Article - https://telegra.ph/Funding-Opportunity-with-UNDP-Africa-10-14
@BusinessInfoEth
UNDP Africa is inviting applications for the Accelerate Africa Entrepreneurship Challenge 2025, a program designed to empower youth- and women-owned MSMEs across the continent. The initiative provides grants of up to $250,000, technical support, and opportunities to scale innovative and impactful businesses.
Full Article - https://telegra.ph/Funding-Opportunity-with-UNDP-Africa-10-14
@BusinessInfoEth
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
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
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
@BusinessInfoEth
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
@BusinessInfoEth
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
@BusinessInfoEth
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
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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
@businessinfoeth
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
@businessinfoeth
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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