Business

How Djibouti is Maximizing its Strategic Position in Maritime Trade Djibouti’s strategic position at the connection of the Red Sea and the Gulf of Aden has given it an immense advantage in international maritime trade. [Read More]

Ethiopia further opens up sectors to diaspora and foreign nationals By Samuel Getachew As part of Ethiopia’s plan to liberalise its economy and boost investment, it is set to open up sectors that were once reserved [Read More]

Deutsche Bank sees Ethiopia’s delayed polls as a trigger for entry By David Whitehouse (theafricareport)—The continuation of economic reform in Ethiopia after elections which were postponed to 2021 could open the door for Deutsche Bank, Kees [Read More]

Ethiopia demonetizes banknotes to salvage economy Introducing new notes, government gives 3-month window to people to exchange old currency notes from banks ADDIS ABABA, Ethiopia (aa)–Ethiopia on Monday demonetized its currency but gave three months [Read More]

Ethiopia Introduces New Birr Notes Ethiopia today unveiled new Birr notes for 10, 50, and 100 denominations, with the introduction of a new Birr 200 note, Prime Minister Abiy announced in a tweet. The new notes [Read More]

Ethiopia Keeps Financial Services Local in New Investment Rules Samuel Gebre, Bloomberg News (Bloomberg) — Ethiopia approved new regulations that continue to reserve business opportunities in many sectors, including financial services, for local investors. Banking, insurance, [Read More]

Ethiopia: The case for partial privatization of Ethio Telecom  (theafricareport)–Ethio telecom is not a ‘cash cow’ as has often been claimed. It is an indebted malfunctioning liability holding back Ethiopia’s economy. Last December, Prime Minister [Read More]

Ethiopia sets cash holding limit to prevent ‘hoarding’ Horn of Africa nation seeks to funnel cash in informal sector to digital cash transactions ADDIS ABABA, Ethiopia  (aa)–Ethiopia on Tuesday set a limit on the amount [Read More]

Kenya rejects Ethiopian Airlines plan on cargo By BONFACE OTIENO Summary The Kenya Civil Aviation Authority (KCAA) director-general Gilbert Kibe in an interview on Monday said that Kenya denied ET a licence to ferry cargo using Boeing 737 [Read More]