Business News | The Abay Times

Ethiopia's Agricultural Reforms Drive Productivity Gains as Government Targets Import Substitution

Ethiopia's agricultural reform initiatives have significantly boosted productivity and strengthened the country's capacity for food sovereignty since the launch of the national reform program, acco...

Apr 14 · 3 min read

Ethiopia's Agricultural Reforms Drive Productivity Gains as Government Targets Import Substitution

Business

Ethiopian Airlines Targets 243 Global Destinations by 2040 as Africa's Aviation Giant Expands Continental Network

Ethiopian Airlines is charting an ambitious expansion path that would nearly double its global footprint to 243 destinations by 2040, positioning Africa's largest aviation group as the continent's ...

Apr 13 · 2 min read

Ethiopian Airlines Targets 243 Global Destinations by 2040 as Africa's Aviation Giant Expands Continental Network

Business

Ethiopia, Afreximbank Strengthen Partnership to Advance Africa's Economic Self-Reliance

Ethiopia and the African Export-Import Bank (Afreximbank) have intensified high-level cooperation aimed at reducing Africa's external economic vulnerabilities and strengthening continental financia...

Apr 13 · 2 min read

Ethiopia, Afreximbank Strengthen Partnership to Advance Africa's Economic Self-Reliance

Business

Industrial Parks Corporation Reports 646 Million Birr Profit as Forex Gains Reverse Previous Year's 708 Million Loss

The state-owned Industrial Parks Development Corporation (IPDC) posted a net profit of 646 million Birr for the 2024/5 fiscal year, marking a dramatic turnaround from the 708 million Birr loss reco...

Apr 11 · 3 min read

Industrial Parks Corporation Reports 646 Million Birr Profit as Forex Gains Reverse Previous Year's 708 Million Loss

Business

Ethiopian Microfinance Sector Faces Liquidity Crisis as Credit Limits on Banks Squeeze Rural Lending

The Association of Ethiopian Microfinance Institutions (AEMFI) has urged the National Bank of Ethiopia to open a special refinancing window for the microfinance sector, warning that liquidity press...

Apr 11 · 3 min read

Ethiopian Microfinance Sector Faces Liquidity Crisis as Credit Limits on Banks Squeeze Rural Lending

Business

Ethiopia Plans to Plant 21.8 Million Hectares During Meher Season

Ethiopia's Ministry of Agriculture announced plans to cover 21.8 million hectares with seeds during the upcoming Meher farming season, the country's most critical agricultural period that produces ...

Apr 3 · 1 min read

Ethiopia Plans to Plant 21.8 Million Hectares During Meher Season

Business

MIDROC Partners with Dubai Hospitality Firm to Develop 10 Hotels Across Ethiopia

MIDROC Investment Group has signed a master agreement with The First Group Hospitality to develop and operate 10 hotel properties across Ethiopia, marking the latest international investment in the...

Apr 2 · 1 min read

MIDROC Partners with Dubai Hospitality Firm to Develop 10 Hotels Across Ethiopia

Business

Ethiopia Issues 2.66 Million Online Business Licenses in Eight Months, Exceeding Target by 10%

Ethiopia's Ministry of Trade and Regional Integration delivered 2,659,605 online trade registration and licensing services over the past eight months, surpassing its target by 10% as the country ac...

Apr 1 · 1 min read

Business

Ethiopian Airlines Resumes Middle East Flights After Weeks of Regional Conflict Disruption

Ethiopian Airlines has resumed flights to some Middle East destinations after weeks of disruption caused by regional conflict, marking a partial restoration of the carrier's crucial connectivity be...

Apr 1 · 1 min read

Ethiopian Airlines Resumes Middle East Flights After Weeks of Regional Conflict Disruption

Business

NBE Caps Insurance Company External Auditor Tenure at Six Years Maximum

The National Bank of Ethiopia (NBE) has capped external auditor tenure for insurance companies at a maximum of six years, structuring the limit as two three-year terms with mandatory competitive bi...

Mar 30 · 1 min read

NBE Caps Insurance Company External Auditor Tenure at Six Years Maximum