Ethiopian Market News & Data Insights

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Foreigners Can Now Own a Home in Ethiopia From $100,000

The Ministry of Urban and Infrastructure has officially released Directive 1147/2018, providing the legal framework for foreign nationals to acquire residential property in Ethiopi...

Bethlehem GashawAUG 12, 2026

Business2 MIN READ

NBE Confirms Abduljuhad Hassen Muhammed as Shabelle Bank CEO

The National Bank of Ethiopia (NBE) has formally approved the appointment of Abduljuhad Hassen Muhammed as the Chief Executive Officer of Shabelle Bank S.C. The confirmation, issue...

Bethlehem GashawAUG 11, 2026

Business4 MIN READ

Dangote Targets October Groundbreaking for $16 Billion Kenya Refinery

Nigerian billionaire Aliko Dangote has confirmed that his conglomerate will break ground on a massive 700,000-barrel-per-day (bpd) refinery on Kenya's Lamu coast by October 2026. T...

Bethlehem GashawAUG 10, 2026

Business2 MIN READ

Siket Bank Reports 1.54 Billion Birr Pre-Tax Profit for 2025/26 Fiscal Year

Siket Bank concluded the 2025/26 fiscal year with a pre-tax profit of 1.54 billion Birr and total assets reaching 29 billion Birr.

Bethlehem GashawAUG 10, 2026

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