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The East African Community has rescheduled the launch of its regional single currency to 2031, citing previous economic challenges and the need for member states to meet specific macroeconomic criteria. The bloc comprising Kenya, Uganda, Tanzania, Rwanda, Burundi, South Sudan, the Democratic Republic of the Congo, and Somalia is now prioritizing a phased rollout.
Berhan Bank has announced a substantial improvement in its financial performance for the 2025/26 fiscal year. The lender reported a pre-tax profit of 5.06 billion Birr, marking a 7...
Chinese firm Huichuan Yongyu has signed a memorandum of understanding with the Ethiopian Investment Commission to establish an integrated coffee industrial park, aiming to boost local value addition.
The National Bank of Ethiopia has removed its temporary credit cap and raised its policy rate by 1 percentage point to maintain a tight monetary stance amidst inflationary pressures.


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Write for Aksion.ET: Elevate Your Profile on Ethiopia’s Economic Frontier Are you an industry expert, a seasoned analyst, or a thought leader with a pulse on the Ethiopian market?...

The East African Community has rescheduled the launch of its regional single currency to 2031, citing previous economic challenges and the need for member states to meet specific macroeconomic criteria. The bloc comprising Kenya, Uganda, Tanzania, Rwanda, Burundi, South Sudan, the Democratic Republic of the Congo, and Somalia is now prioritizing a phased rollout.

Berhan Bank has announced a substantial improvement in its financial performance for the 2025/26 fiscal year. The lender reported a pre-tax profit of 5.06 billion Birr, marking a 7...

Chinese firm Huichuan Yongyu has signed a memorandum of understanding with the Ethiopian Investment Commission to establish an integrated coffee industrial park, aiming to boost local value addition.
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