Oct 16, 2026 | 2M Editor | Transport and Logistics
An international arbitration tribunal has ordered the Ethiopian Railway Corporation (ERC) to pay Turkish contractor Yapı Merkezi USD 213.7 million in a dispute over the stalled Awash-Kombolcha-Woldiya-Hara Gebeya railway project,...
Read moreOct 16, 2026 | 2M Editor | Banking and Finance
The National Bank of Ethiopia (NBE) has officially joined the Pan-African Payment and Settlement System (PAPSS), marking a significant milestone in the country’s efforts to modernize its financial sector and...
Read moreOct 14, 2026 | 2M Editor | Banking and Finance
Ethiopia’s House of People’s Representatives (HPR) has unanimously approved a concessional loan agreement worth USD 145.8 million with the International Development Association (IDA) to finance the first phase of the...
Read moreOct 12, 2026 | 2M Editor | Banking and Finance
Oromia Bank reported a 49% increase in pre-tax profit to Birr 3.82 billion for the 2025/2026 fiscal year, despite liquidity constraints and broader economic challenges affecting Ethiopia’s banking sector.
Read moreOct 7, 2026 | 2M Editor | Banking and Finance
Ethiopian merchants will be able to access working capital loans based on their digital transaction history under a new payment and financing initiative launched by Visa and ETTA Solutions.
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