Addis Ababa, March 7, 2025 (FMC) — The National Bank of Ethiopia (NBE) Governor Mr. Mamo Mihretu hosted a visit by delegations from Global Alliance for Banking on Values (GABV)—a network of 70+ banks worldwide dedicated to inclusive and sustainable finance.

The engagement focused on key insights from GABV’s experience in values-based banking and financial inclusion, exploring sustainable finance models that can contribute to Ethiopia’s economic transformation, NBE said in a social media post.

A key highlight was also the exchange between GABV member banks CEOs and Ethiopian commercial banks on investment opportunities in the banking sector, aligning with Ethiopia’s ongoing financial sector reforms.

Addis Ababa, February 25, 2025 (FMC) – The Ministry of Finance, in collaboration with the World Bank, has commenced a Joint Project Portfolio Review to review and enhance the implementation of ongoing projects and programs supported by the World Bank.

This review meeting aims to evaluate the implementation quality and progress of ongoing projects across all sectors, identify any bottlenecks, and craft action plans for improved project efficiency and outcomes that align with Ethiopia’s development goals.

Addis Ababa, February 25, 2025 (FMC) – The National Bank of Ethiopia (NBE) today announced that it has concluded Special Foreign Exchange Auction.

In that regard, the central bank revealed the results of the Special Foreign Exchange Auction held today, February 25, 2024.

The Special FX Auction saw the participation of 27 banks. The weighted average rate of all successful bids was Birr 135.6185 per US Dollar.

It was indicated that the National Bank of Ethiopia welcomed the large number of participation in the auction and noted that the central bank may conduct additional sales foreign exchange sales if warranted and consistent with its price and external stability objectives.

Addis Ababa, February 22, 2025 (FMC) – Addis Ababa, February 22, 2025 (POA)—Minister of Planning and Development, Fitsum Assefa underscored the essential role of private sector partnerships in fostering a climate-resilient economy in Ethiopia.

At a consultation forum held yesterday, Minister Fitsum further emphasized the critical contribution of the private sector in addressing climate-induced impacts and promoting green development.

The Minister outlined Ethiopia’s commitment to building a climate-resilient green economy, noting that the Ten-Year Master Development Plan serves as a key framework.

Addis Ababa, February 20, 2025 (FMC) – Ethiopia’s ongoing economic transformation is remarkable, UK Deputy Prime Minister Angela Rayner has said.

In her remark made at the Ethiopian Securities Exchange (ESX) this afternoon, the deputy PM commended the commencement of ESX, opening up of the nation’s market and the overall economic reform.

She reaffirmed UK’s continued commitment for the realization of Ethiopia’s ongoing economic reform agenda.

During the occasion, Minister of Finance Ahmed Shide for his part lauded the exceptional partnership of Ethiopia and UK as the partnership is instrumental to help Ethiopia’s growth trajectory.

Addis Ababa, February 19, 2025 (FMC) – UK Deputy Prime Minister (DPM) Angela Rayner emphasized the importance of products being produced in an environmentally sustainable manner while upholding quality standards.

She made these remarks during a meeting with the CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), Feseha Yetgesu (PhD), at the Hawassa Special Economic Zone (SEZ).

The CEO briefed the DPM on the corporation’s efforts to promote eco-friendly industrial park development, highlighting that the Special Economic Zones administered by IPDC are equipped with state-of-the-art Zero Liquid Discharge (ZLD) waste treatment facilities. These measures demonstrate a commitment to environmental sustainability.

Addis Ababa, February 18, 2025 (FMC) – The Federal Democratic Republic of Ethiopia, represented by the Ministry of Finance and Ethiopian Electric Power (EEP), has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI), a leading pan-African trade and investment insurer.

This milestone agreement is designed to accelerate Ethiopia’s transition to clean energy by attracting foreign investment into renewable energy projects through ATIDI’s Regional Liquidity Support Facility (RLSF), the Ethiopian finance ministry reported today.

Addis Ababa, February 17, 2025 (FMC) — Trade and Regional Integration Minister Kassahun Gofe held discussion with World Trade Organization (WTO) Director-General Ngozi Okonjo-lweala in Addis Ababa today.

In a briefing he gave to the media following his discussion with WTO General Director, Kassahun said that we have recently established a WTO accession unit comprising highly qualified experts to support our accession negotiations.

He revealed that the Ministry is set to finalize WTO’s accession process by 2026.

The Minister extended gratitude to the Director General and her team for the commitment and unreserved technical support to Ethiopia’s accession process to WTO.

Addis Ababa, February 17, 2025 (FMC) – Deputy Prime Minister Angela Rayner of the United Kingdom has pledged to strengthen her country’s partnership with Ethiopia, emphasizing economic growth, business collaboration, and development cooperation.

It is noteworthy that Deputy PM Angela Rayner has arrived in the Ethiopian capital in the early hours of this morning where she was warmly welcomed by her Ethiopian counterpart Mr. Temesgen Truneh.

After her arrival in Addis Ababa, she reaffirmed the UK’s commitment to working closely with Ethiopia to drive mutual prosperity.

In a post on X (formerly Twitter), Rayner highlighted the UK’s existing cooperation with Ethiopia’s government and private sector. She expressed her ambition to deepen these ties, particularly in trade, investment, health, and education, to benefit the people of both nations.