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Economy

Graphic showing Kenya's inflation rate of 7.3 percent for October 2026

Kenya’s inflation hits 7.3 percent, highest in over three years, as fuel and food prices climb, statistics bureau says

3 days ago October 31, 2026October 31, 2026Yonas Mikael
Ethiopian Airlines Group Chief Executive Officer Mesfin Tasew speaks at a news conference in front of an Ethiopian flag (The Reporter via X)

Ethiopian Airlines paid about $6 million for carbon credits last year, CEO Mesfin Tasew says

October 11, 2026October 31, 2026Yonas Mikael
Officials in safety vests walk along the Awash-Kombolcha-Hara Gebeya railway track during an Ethiopian Investment Holdings visit on June 30, 2026 (Ethiopian Investment Holdings via X)

Ethiopian Gov’t takes over stalled Kombolcha railway

October 10, 2026October 23, 2026Yonas Mikael
Gold bars on a steel table at the launch of the National Precious Metals Refinery at Bole Lemi Special Economic Zone in Addis Ababa on October 10, 2026 (Office of the Prime Minister of Ethiopia via X)

Prime Minister Abiy Ahmed opens Addis Ababa refinery to stop sending raw gold to Dubai

October 10, 2026October 23, 2026Yonas Mikael
Heavy traffic on Bole Road in Addis Ababa, November 2017 (Yonatan Solomon, via Wikimedia Commons, CC BY-SA 4.0) [file photo]

Some car asking prices jump as an Addis Ababa tax crackdown on brokers leaves showrooms quiet seven weeks on

October 9, 2026October 9, 2026Yonas Mikael
A truck on the road that links Djibouti and Addis Ababa, between Lake Afdera and Awash in the Afar region, January 2014 (Ji-Elle, via Wikimedia Commons, CC BY-SA 3.0) [file photo]

Oil jumps 40 percent in two months while coffee slips, leaving Ethiopia’s new finance minister a costlier import bill

October 8, 2026October 8, 2026Yonas Mikael
Farmers harvest teff in a roadside field between Axum and Adwa in Tigray, October 2007 (A. Davey, via Wikimedia Commons, CC BY 2.0) [file photo]

One of the driest rainy seasons on record threatens Ethiopia’s main harvest as war in the north blocks aid

October 7, 2026October 7, 2026Yonas Mikael
The National Bank of Ethiopia building in Addis Ababa, April 2008 (Shagada, via Wikimedia Commons, public domain) [file photo]

Ethiopian Gov’t targets 10.1 percent growth and single-digit inflation this fiscal year

October 6, 2026October 23, 2026Yonas Mikael
Birr Metrics regional inflation chart for 2025 showing Benishangul-Gumuz highest at 23.5 percent and Amhara lowest at 10.73 percent, citing Ethiopian Statistical Service figures (Birr Metrics / @birrmetrics, via X, 5 October 2026)

Economists doubt Ethiopia’s inflation data and NBE independence, EEA survey finds

October 5, 2026October 30, 2026Yonas Mikael
Birr Metrics graphic summarising Ethiopia's 5 October 2026 Foreign Ministry statement linking Nile and Red Sea interests to geography (Birr Metrics / @birrmetrics, via X)

Ethiopia says any Abay or Red Sea talks must account for its interests

October 5, 2026October 23, 2026Yonas Mikael
Eritrean President Isaias Afwerki and Somali President Hassan Sheikh Mohamud shake hands during bilateral talks in Alamein on the margins of the four-country summit, 5 October 2026 (Yemane G. Meskel / @hawelti, via X)

Egypt, Eritrea, Somalia and Sudan say only coastal states should govern the Red Sea

October 5, 2026October 23, 2026Yonas Mikael
Addis Mercato on 19 January 2024, photographed by Diego Delso (Wikimedia Commons / CC BY-SA 4.0) [file photo]

Most economists in an EEA survey are not convinced the birr float will last

October 4, 2026October 23, 2026Yonas Mikael
The Port of Mogadishu on 27 November 2022

Somalia offers Ethiopia commercial access to two or three ports

October 4, 2026October 23, 2026Yonas Mikael
A satellite view of Bab el-Mandeb acquired on 10 April 2017 (Wikimedia Commons / NASA) [file photo]

EU Aspides escort shortage leaves merchant ships waiting at Bab el-Mandeb

October 3, 2026October 8, 2026Yonas Mikael
Bab el-Mandeb Strait seen from midchannel (Wikimedia Commons)

Hapag-Lloyd adds Red Sea sailings as Bab el-Mandeb risk still weighs on Ethiopia’s Djibouti corridor

September 30, 2026October 5, 2026Yonas Mikael
Addis Ababa city skyline, Ethiopia (Wikimedia Commons)

National Bank of Ethiopia warns against unlicensed remittance services

September 29, 2026October 23, 2026Yonas Mikael
Wooden boats moored at the Port of Djibouti, with container stacks on the far shore

War-risk costs and fighting near Bab el-Mandeb weigh on Ethiopia’s trade through Djibouti

September 28, 2026October 27, 2026Yonas Mikael
DP World Berbera New Port terminal on the Gulf of Aden coast (Wikimedia Commons)

Berbera port runs at 30 percent of capacity, DP World official says

September 27, 2026October 24, 2026Yonas Mikael
Addis Ababa–Djibouti railway corridor near Dasbiyo, Ethiopia (Wikimedia Commons)

Ethiopia, Djibouti and Dangote plan $660 million fuel pipeline

September 25, 2026October 24, 2026Yonas Mikael
Addis Ababa skyline, Ethiopia (Wikimedia Commons)

Banks bid less than offered at Ethiopia’s central bank dollar auction, Capital Ethiopia reports

September 23, 2026October 23, 2026Yonas Mikael
Satellite view of the Bab el-Mandeb Strait between the Red Sea and the Gulf of Aden (Wikimedia Commons / ASTER)

UK shipping insurer drops war cover in Red Sea waters that carry Ethiopia’s sea trade

September 23, 2026September 28, 2026Yonas Mikael
Ethiopian birr banknotes, a reminder that Gulf wages often become family remittances at home (on-site / prior mereja.com media)

Saudi Arabia’s Musaned suspends hiring of Ethiopian domestic workers

September 20, 2026October 23, 2026Yonas Mikael
Bab el-Mandeb Strait seen from space, southern Red Sea gateway (Wikimedia Commons / public domain NASA-related imagery)

Ethiopian Government pushes “sovereign” Red Sea access while Bab el-Mandeb insurance stays near war prices

September 19, 2026October 6, 2026Yonas Mikael
Ethiopian birr banknotes (Wikimedia Commons / Flosegura, CC0)

Ethiopia’s remittances hit $7.14 billion, but the managed birr still pushes families toward market rates

September 18, 2026September 18, 2026Yonas Mikael
Bab el-Mandeb Strait seen from space, southern Red Sea gateway (Wikimedia Commons / public domain NASA-related imagery)

War-risk insurance and Cape detours keep raising the price of Red Sea oil and Horn freight

September 18, 2026September 18, 2026Yonas Mikael
Ethiopian birr banknotes (Wikimedia Commons / Flosegura, CC0)

Telebirr seeks higher limits as remittance payout gaps push Ethiopians toward market rates

September 16, 2026September 17, 2026Yonas Mikael
Bab el-Mandeb Strait satellite image (ASTER / NASA-METI-AIST / Wikimedia Commons, public domain)

Bab el-Mandeb traffic stuck near 26 ships a day as Houthi coastal gains raise war-risk costs

September 16, 2026September 17, 2026Yonas Mikael
Port of Djibouti container terminal on the Red Sea approaches (Wikimedia Commons / Kao Akana, CC BY-SA 2.0)

Eritrea says Abiy Ahmed’s government is “actively destabilising” the Horn as Assab and Red Sea access stay flashpoints

September 15, 2026September 17, 2026Yonas Mikael
Container terminal at the Port of Djibouti (Skilla1st / Wikimedia Commons, CC BY-SA 4.0)

Djibouti still handles 96.7% of Ethiopia’s sea cargo as Bab el-Mandeb risk keeps Berbera thin

September 14, 2026September 17, 2026Yonas Mikael
Container terminal at the Port of Djibouti, Ethiopia’s main seaborne gateway (David Stanley / Wikimedia Commons, CC BY 2.0)

Bab el-Mandeb crossings crash after Perim seizure as Cape diversion freight taxes the Horn

September 13, 2026September 13, 2026Yonas Mikael
A fuel station in the Kazanchis area of Addis Ababa, photographed on December 1, 2022.

Ethiopia spent about $2.8 billion on fuel imports in the 2018/19 fiscal year, its state petroleum supplier said

August 21, 2019October 21, 2026Hana Belay
The National Bank of Ethiopia in Addis Ababa, photographed in April 2008.

Ethio Lease became the first foreign-owned financial firm licensed in Ethiopia in 2019 and entered voluntary liquidation in 2024

August 20, 2019October 20, 2026Hana Belay
Children beside a wheat field outside Korem in northern Ethiopia, photographed on May 8, 2013.

Ethiopia planned to import 4 million quintals of wheat in 2019 as food inflation passed 20 percent

August 17, 2019October 20, 2026Hana Belay
An Ethiopian Airlines Boeing 787 taxiing at Addis Ababa Bole International Airport, photographed on September 3, 2018.

Ethiopian Airlines raised revenue 17 percent and carried 12.1 million passengers in 2018/19 despite the ET302 crash

August 17, 2019October 19, 2026Hana Belay
The Centre William Rappard, headquarters of the World Trade Organization in Geneva, photographed on May 9, 2023.

Ethiopia restarted WTO accession talks in 2019 after a seven-year pause, and its bid remained unfinished in 2026

August 17, 2019October 19, 2026Hana Belay
The Commercial Bank of Ethiopia’s new headquarters tower under construction in Addis Ababa, photographed on January 5, 2020.

Commercial Bank of Ethiopia reported a 17.9 billion birr profit for 2018/19 as deposits passed 541 billion birr

August 16, 2019October 19, 2026Hana Belay
Farmer Dawit Moni beside an irrigation canal built by a Trócaire partner in Ethiopia, photographed on January 7, 2013.

World Bank-backed irrigation helped Arsi farmers multiply potato yields under Ethiopia’s Second Agricultural Growth Project

August 13, 2019October 18, 2026Hana Belay
A map of Ethiopia's photovoltaic power potential from the Global Solar Atlas, published by the World Bank, ESMAP and Solargis in 2021.

Ethiopia worked on a mini-grid tariff formula in 2019 and adopted mini-grid rules in 2020

August 12, 2019October 18, 2026Hana Belay
The container terminal at the Port of Djibouti, through which most of Ethiopia's imports pass, photographed on December 1, 2015.

Ethiopian traders told Ezega that importing pays better than producing at home

August 12, 2019October 18, 2026Hana Belay
Buildings in Addis Ababa, photographed on March 21, 2013.

A British Council survey estimated 55,000 social enterprises in Ethiopia as Addis Ababa prepared to host a world forum

August 11, 2019October 18, 2026Hana Belay
An Ethio Telecom building, photographed on February 22, 2016.

Ethiopia was forecast to add 18 million mobile subscribers by 2025, second only to Nigeria in Sub-Saharan Africa

August 9, 2019October 17, 2026Hana Belay
The National Bank of Ethiopia building in Addis Ababa, photographed in April 2008.

Ethio Lease becomes the first foreign-owned company licensed to provide financial services in Ethiopia

August 8, 2019October 17, 2026Hana Belay
The Grand Ethiopian Renaissance Dam on the Blue Nile, one of the projects METEC worked on, in a photo dated August 26, 2024.

METEC asked the gov’t to cancel 57 billion birr of its debt, its new head told Addis Zemen

August 8, 2019October 17, 2026Hana Belay
A train at Mojo station on Ethiopia's standard gauge railway, photographed on February 1, 2023.

Ethio-Djibouti Railway earned more than $20 million from freight and passengers in the first seven months of 2019

August 8, 2019October 17, 2026Hana Belay
The Sheraton Addis hotel in Addis Ababa, photographed on October 21, 2007.

Addis Ababa posted Africa’s highest average hotel room rate in the year to June 2019, STR data show

August 8, 2019October 17, 2026Hana Belay
A street in Addis Ababa's Merkato market district, photographed on April 3, 2023.

Ethiopia’s inflation stayed in double digits in July 2019 as economists urged the gov’t to tame prices

August 8, 2019October 17, 2026Hana Belay
Coffee beans in Addis Ababa, December 2017

Ethiopia develops an ‘Ethiopian Coffee’ national brand as Chinese demand grows

August 7, 2019October 16, 2026Hana Belay
Road traffic in the town of Awash, Afar region, on the highway toward Djibouti, January 2014

African Development Bank funds first section of Adama-Awash expressway on the Ethiopia-Djibouti corridor

August 7, 2019October 16, 2026Hana Belay
A U.S. intelligence map of gold deposits in Ethiopia and Eritrea, dated 1946

Al Hilal opens a gold detector assembly plant in Addis Ababa as artisanal gold exports fall

August 5, 2019October 16, 2026Hana Belay
Cranes and boats at the Port of Djibouti, through which most of Ethiopia's foreign trade passes, September 2005

Ethiopia earned $2.67 billion from exports in 2018/19, 61 percent of its target

August 5, 2019October 16, 2026Hana Belay
Traffic on Bole Road in Addis Ababa, November 2017

Ethiopia imported 135,457 vehicles in the 2018/19 fiscal year, transport ministry figures show

August 3, 2019October 16, 2026Hana Belay
An Ethiopian Airlines Boeing 777 freighter, ET-APS, at Brussels Airport, March 2019

Ethiopian Airlines offers to fly Tanzania’s flower and vegetable exports through Addis Ababa

August 3, 2019October 16, 2026Hana Belay
Trading activity at the Ethiopia Commodity Exchange, July 2011

Ethiopia’s Commodity Exchange trades over $1.2 billion in a year

August 2, 2019October 15, 2026Hana Belay
An Ethiopian Airlines De Havilland Canada Dash 8-400 turboprop, October 2011

Ethiopian Airlines takes delivery of its 25th Dash 8-400 from De Havilland Canada

July 31, 2019October 15, 2026Hana Belay
The National Bank of Ethiopia in Addis Ababa in April 2008

Ethiopia opens its banking sector to diaspora and dual nationals

July 31, 2019October 15, 2026Hana Belay
Ethio Telecom headquarters in Addis Ababa, September 2025

Ethio Telecom earns 36.3 billion birr in 2018/19 as subscribers reach 43.6 million

July 24, 2019October 13, 2026Hana Belay
The National Bank of Ethiopia in Addis Ababa in April 2008

Ethiopia plans cashless payments in state institutions and online business registration to cut red tape

July 23, 2019October 13, 2026Hana Belay
New buildings and construction cranes on the Addis Ababa skyline, January 2015

Getachew T. Alemu argues Ethiopia cannot quickly swap public investment for private capital

July 22, 2019October 13, 2026Hana Belay
The Ethiopian Skylight Hotel in Addis Ababa, December 2025

Ethiopian Airlines opens the 373-room Ethiopian Skylight Hotel near Bole Airport

July 22, 2019October 13, 2026Hana Belay
The front of a 1998 Ethiopian one-birr banknote

Hijra Bank opens share sale to become one of Ethiopia’s first interest-free banks

July 21, 2019October 13, 2026Hana Belay

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