Tag: Ethiopia

Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
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Nigeria’s United Capital enters East Africa, clinches operating licenses in Ethiopia, Rwanda

United Capital enters Ethiopia and Rwanda, becoming the first foreign investment bank permitted to handle investment banking services in Ethiopia.

Omokolade Ajayi Omokolade Ajayi
Ethiopian Airlines Group.
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Ethiopian Airlines plots 25-jet expansion plan, following $4.4 billion first-half revenue

Ethiopian Airlines plans to buy 25 regional commercial jets following a record $4.4 billion first-half revenue performance.

Omokolade Ajayi Omokolade Ajayi
Ethiopia
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Ethiopia opens $30 million cold storage hub to boost agricultural trade

Ethiopia opens $30 million cold storage hub in Addis Ababa to cut post-harvest losses, boost supply chains and improve agricultural trade efficiency.

Feyisayo Ajayi Feyisayo Ajayi
National Bank of Ethiopia
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Ethiopia injects $500 million in FX auction to stabilize currency market

Ethiopia injects $500M into FX auction as dollar shortages deepen, signaling ongoing pressure on the birr and market reforms.

Timilehin Adejumobi Timilehin Adejumobi
Visa
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New Visa office signals Ethiopia’s rising role in Africa’s payments market

Visa, a global leader in digital payments, is deepening its presence in Africa with the opening of a new office in Addis Ababa, Ethiopia, a move that reflects the country’s growing influence in the region’s financial services industry.  The expansion comes as Ethiopia works to modernize its payments system, widen access to banking services and create more room for financial…

Oluwatosin Alao Oluwatosin Alao
LuxuryBillionairesBusinessHot News

Ethiopia’s richest man Mohammed Al-Amoudi plans 10 hotels as wealth tops $9 billion

Mohammed Al-Amoudi plans 10 hotels in Ethiopia as wealth exceeds $9 billion, expanding MIDROC’s hospitality investments.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
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Congo set to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy

Congo projected to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy, driven by mining, currency gains and IMF projections.

Omokolade Ajayi Omokolade Ajayi
Visa and Bank of Abyssinia expand partnership to boost digital payments
BusinessTechnology

Visa teams with Bank of Abyssinia to drive Africa digital finance

Global payments company Visa Inc. is deepening its presence in East Africa with a renewed agreement with Bank of Abyssinia, a move aimed at widening access to digital payments in Ethiopia.  The deal comes at a time when Ethiopia’s financial system is changing quickly. More people are using smartphones, regulators are opening the sector, and businesses are looking for faster,…

Oluwatosin Alao Oluwatosin Alao
Business

Ethiopia’s richest man, Mohammed Al Amoudi, loses $270 million in 23 days

Ethiopia’s richest man Mohammed Al Amoudi loses $270 million in 23 days as Preem stake revaluation trims his fortune to $9.13 billion.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ethiopian Airlines, Africa’s largest carrier, posts $4.4 billion revenue in H1 2026

Africa’s largest carrier reports $4.4 billion revenue in H1 2026, with strong passenger and cargo growth despite operational challenges.

Omokolade Ajayi Omokolade Ajayi
TourismHot News

Shabeely Resort in Ethiopia highlights nation’s culture and tourism ambitions

Ethiopia’s Shabeely Resort showcases heritage, culture, and leisure with 51 rooms, 3 restaurants, and extensive recreational spaces.

Omokolade Ajayi Omokolade Ajayi
TechnologyHot News

Ethiopia joins Africa’s mobile payment boom with 58 million digital wallet users

Ethiopia is emerging as a major mobile payments market, with 58 million digital wallet users and mobile transactions rising sharply.

Omokolade Ajayi Omokolade Ajayi