News/Topic

Economics

Happening Now: Ethiopia’s Economy Jumps 59.2% to $201.4 Billion After Historic GDP Rebasing

By applying strict international standards to count its telecom, digital economy, and informal businesses, a newly trained team of Ethiopian accountants has officially updated the nation’s economic size.

Nov 4, 2026•Kana Newsroom

Economics

Half-Price Bus Fares and Cheaper Homes: Inside Ethiopia’s Shift from Imported Diesel to Local Natural Gas

Nov 2, 2026•Kana Newsroom

Economics

Ethiopia and Canada Sign Trade Deal to Help Ethiopia Join the World Trade Organization

Oct 28, 2026•Kana Newsroom

Economics

Why Addis Ababa Prioritized a 10-Kilometer River Corridor

Oct 26, 2026•Kana Newsroom

Economics

Selling to the People: Why African Countries Are Letting Citizens Buy Government Companies

Oct 22, 2026•Kana Newsroom

More Economics

Economics

Half-Price Bus Fares and Cheaper Homes: Inside Ethiopia’s Shift from Imported Diesel to Local Natural Gas

Transporting Gode gas via Dire Dawa, Adama, and Addis Ababa, Ethiopia is converting Anbessa buses, importing 400 gas buses and 100+ trucks, and powering Modjo and Debre Birhan ceramics plants to cut living costs.

Nov 2, 2026•Kana Newsroom

Economics

Ethiopia and Canada Sign Trade Deal to Help Ethiopia Join the World Trade Organization

By agreeing on new rules for buying and selling goods and services, the two countries are helping Ethiopia get one step closer to entering the global trading club.

Oct 28, 2026•Kana Newsroom

Economics

Why Addis Ababa Prioritized a 10-Kilometer River Corridor

Far beyond planting trees, the 351-hectare Riverside Development generated over 56,000 jobs while building an integrated economy to manage floods and ease traffic.

Oct 26, 2026•Kana Newsroom

Economics

Selling to the People: Why African Countries Are Letting Citizens Buy Government Companies

Blocked by strict international borrowing limits and rising debt, countries in Africa are turning to local stock markets to raise cash, fund new projects, and shift ownership to regular citizens.

Oct 22, 2026•Kana Newsroom

Economics

Ethiopia Launches $50 Million Mega-Refinery at Bole Lemi to Rewrite Regional Precious Metals Trade

PM Abiy Ahmed launched the 600t National Precious Metals Refinery to halt capital flight, formalize artisanal miners, and shore up national forex reserves.

Oct 10, 2026•Kana Newsroom

Economics

Why Kenya’s New $16 Billion Refinery Matters for Everyday Ethiopian Drivers

Last week Prime Minister Abiy Ahmed joined regional leaders to launch a 700,000-barrel-a-day mega-plant, reviving the stalled LAPSSET corridor and opening a massive secondary fuel artery to complement Djibouti.

Oct 5, 2026•Kana Newsroom

Economics

Ethiopia Opens Doors to Foreign Banks: Central Bank Reviews First Two Greenfield Subsidiary Applications

Speaking at the EFF today, central bank officials outline the expanding regulatory pathways for foreign lenders, highlighting deep international confidence in Ethiopia’s ongoing macroeconomic reforms.

Oct 1, 2026•Kana Newsroom

Economics

What You Need to Know About the $660M EIH-Dangote Pipeline Restructuring Ethiopia's Fuel Logistics

A shorter route and massive border storage replace a decade of stalled pipeline mega-projects, cutting the capital bill by nearly a billion dollars against the last attempt in 2015.

Sep 25, 2026•Kana Newsroom

Economics

Ethiopia's Afar Region, Known for Its Arid Plains, to Host the Date Palm Festival for the Second Time

Local harvests slash foreign procurement expenditures from $9.8 million down to $650,000 as the UAE-backed agricultural initiative eyes a 25,000-hectare expansion across the lowlands.

Sep 22, 2026•Kana Newsroom

Economics

Mojo Inland Port Adds 1 Million-Container Capacity to Anchor the DESSU Trade Corridor

The 60-hectare logistics expansion introduces Ethiopia's first rail-mounted gantry cranes, shifting bulk packaging inland to cut foreign exchange payments to coastal transit hubs.

Sep 10, 2026•Kana Newsroom

Economics

Ethiopia's 31.8 Million-Tonne Wheat Harvest is 6 Million Tonnes Heavier Than the Renaissance Dam

Official Ministry of Agriculture data records a 318.4 million quintal haul across irrigated and rain-fed acreage, eliminating $1 billion in foreign exchange expenditures as domestic currency floats.

Sep 9, 2026•Kana Newsroom

Economics

AlphaGeo Ranks Addis Ababa Behind Chicago as the Second Most Climate-Resilient Major City Out of 72

An AI spatial risk assessment places the Ethiopian capital next to the US metro across a pool of the world's largest cities, shielding local commercial real estate from rising global insurance premiums.

Sep 9, 2026•Kana Newsroom

Economics

Ethiopia and IFC Sign Deal to Build the Country's First Mortgage Refinance Company.

A 100 billion Birr wholesale lender won't hand a single Ethiopian a mortgage directly, it exists to fix what's stopping banks from offering longer, cheaper home loans in the first place.

Sep 3, 2026•Kana Newsroom

Economics

Gold Has Overtaken US Treasuries as the World's Top Reserve Asset, the ECB Says.

Central banks now hold more gold, as a share of reserves, than US government debt for the first time since the dollar era began — and Ethiopia's own gold boom is riding the same price rally that helped get them there.

Aug 31, 2026•Kana Newsroom

Economics

Ethiopia's Creditors Clear the Last Big Hurdle on Its $1 Billion Bond Restructuring.

Approval by a China- and France-led committee ends three years of missed payments, guiding Ethiopia toward lower debt, repaired credit, and global bond markets.

Aug 26, 2026•Kana Newsroom

Economics

Ethiopia's Nile Dam Produced Nearly 11,000 Tons of Fish Last Year About a Fifth of the Country's Total Fishery Potential

A lake that didn't exist a decade ago is now a food-security asset in its own right: 46 fishing associations, hundreds of young people in steady work, and a catch already rivalling entire river systems.

Aug 26, 2026•Kana Newsroom

Economics

Ethiopia Signs Its 10th WTO Trade Deal in Five Months — This One With the UK.

The agreement caps the fastest run of bilateral deals in Ethiopia's 23-year bid to join the WTO, and lands as UK-Ethiopia trade grew nearly a third in a single year.

Aug 21, 2026•Kana Newsroom

Economics

Addis Ababa Just Added 24 Olympic Pools of Water a Day to its Supply.

The city has switched on a new drinking water project and the Koye Wastewater Treatment Plant, adding a combined 60,000 cubic metres of clean water and 20,000 cubic metres of wastewater treatment to its daily totals.

Aug 17, 2026•Kana Newsroom

Economics

Fewer than 2 in 100 African infrastructure projects Default, the Lowest Rate of Any Region on Earth

AFDB says only 1.9% of African infrastructure projects fail to pay back the banks and governments that built them.

Aug 15, 2026•Kana Newsroom

Economics

Ethiopia Plans to Export 26% More Than Last Year

Ethiopia exceeded its 2025/26 export target by 14%, providing the basis for the government’s 26% increase in the 2026/27 target.

Aug 15, 2026•Kana Newsroom

Economics

Friendship Park Nears a Billion Birr in Revenue in 48 Months

A 46-hectare green space—roughly 65 football pitches—helping cool the city and manage stormwater beyond its aesthetic value.

Aug 12, 2026•Kana Newsroom

Economics

Ethiopian Electric Power Earned $475.5 Million in Foreign Currency This Fiscal Year, Data Centers the Largest Source

Sales to technology and crypto-mining operations reached $335.5 million in the 2018 Ethiopian Fiscal Year, more than the company earned from exporting power to three neighboring countries

Aug 4, 2026•Kana Newsroom

Economics

S&P Global Buys Majority Stake in Africa's Agusto & Co. Rating Agency

The stake in Nigeria's Agusto & Co. lands as the continent's own rating project misses its second launch date

Aug 3, 2026•Kana Newsroom

Economics

EU and Germany Put €31 Million Through Ethiopia’s Development Bank to Reach Businesses in Afar, Amhara and Tigray

The loan is channelled through four commercial banks and one microfinance institution at a subsidised interest rate. Businesses in conflict-affected regions are commercially unfinanceable under standard terms.

Jul 29, 2026•Kana Newsroom

Economics

Ethiopia's Industrial Parks Export a Record $266.9 Million, 2.5 Percent of National Total

IPDC's record year traces to a 2014 developmental-state model, a 2022 AGOA suspension, and an economy that has since reformed around it

Jul 28, 2026

Bags of Ethiopian coffee beans ready for export

Economics

Ethiopia Earns Record $11.2 Billion in Exports and Ships First Goods Under Africa’s Free Trade Agreement.

Ethiopia beat its export target by 19 percent and reported its first $15 million in shipments under the AfCFTA framework — 65 percent of all AfCFTA trade in the East African region during the fiscal year.

Jul 18, 2026•Kana Newsroom

Economics

Addis's Bus Fleet Grows to 1,628; City Orders 500 More

Public transport's share of the capital's trips has more than quadrupled in recent years, but the fleet still trails what planners have said the city needs.

Jul 13, 2026•Kana Newsroom

Economics

Ethiopia's Avocado Harvest Starts in July. Peru's Runs Out in September. That Two-Month Window Is What the Country Is Building Its Export Strategy Around.

Ethiopia is Africa’s second largest avocado producer and exports at 15 to 25 percent below Kenya’s price. The Ministry of Agriculture has a plan to close that discount.

Jul 11, 2026•kana

Ethio Telecom's ultra-fast EV charging station

Economics

Addis Ababa to Host Nordic-Africa EV Summit in September as Norway and Ethiopia Compare Notes on Electric Vehicles.

Norway got to 98 percent electric new car sales in 30 years through incentives.

Jul 9, 2026•Kana Newsroom

PM Abiy Ahmed and IMF Managing Director Kristalina

Economics

IMF Sends Ethiopia $200 Million Early to Help with Middle East War-Related Costs

Early IMF disbursement helps Ethiopia absorb rising fuel and fertiliser costs linked to the Middle East conflict.

Jul 6, 2026•Kana Newsroom

Economics

The World Bank Approves $750 Million for Kenya to Strengthen Public Financial Management and Governance.

Kenya's debt is 68% of GDP, with 86% of tax revenue going to debt, wages, and county transfers. The $750 million loan also comes with governance conditions.

Jul 6, 2026•Kana Newsroom

Economics

Ethiopia’s Railway to the Sea Carried 9 Percent of Its Exports Two Years Ago. Now It Carries 50 Percent.

The Ethio-Djibouti Railway is expanding with new wagons, a logistics hub near the coffee belt, and online bookings. Trucks still move 84% of Ethiopia’s trade.

Jul 1, 2026•Kana Newsroom

Economics

Addis Ababa Is Turning 47 Kilometres of Polluted River Into a Business District. Here Is the Economic Bet Behind It.

The Entoto-Kebena project spans 87.6 hectares, 10.5km and 50,330 trees. As Seoul and Singapore proved, restoring rivers grows property values and tax revenue - not just the environment.

Jun 29, 2026•Kana Newsroom

Economics

Ethiopia Spent $525 Million Subsidizing Fertilizer Imports This Year. A $4 Billion Plant Under Construction Could Change That.

The Ministry of Agriculture has distributed 10.7 million quintals of fertilizer this Meher season, more than any year before.

Jun 29, 2026•Kana Newsroom

Economics

Ethiopia’s 18-month-old Stock Exchange Has Four Listed Companies, 19,000 New Investors

The Ethiopian Securities Exchange is 18 months old. It has moved faster than most new exchanges on the continent.

Jun 25, 2026•Kana Newsroom

Economics

Addis is converting 2,000 diesel buses to run on Ethiopian gas.

Rising fuel costs, a widening subsidy bill, and global supply disruptions have pushed Addis to convert 2,000 city buses to run on Ethiopian gas. The question is who holds the margin when the fleet finally runs on it.

Jun 6, 2026•Kana Newsroom

Economics

Why Growing Truly Organic Coffee Still Forces Africa’s Women Farmers to Sell Dirt Cheap

The world is paying more for sustainably produced coffee, shea butter, and textiles. Across Africa, many of the women who make them cannot afford the certification needed to claim the premium.

Jun 4, 2026•Kana Newsroom

Economics

Ethiopia's MESOB, Which Now Delivers 130 Government Services From One Centre, Holds Its First Board Meeting

MESOB replaces hundreds of services that once meant multiple offices, long queues, and often informal payments. Its first board meeting just happened. The scale of the change is the story.

Jun 4, 2026•Kana Newsroom

Economics

Norway to Discuss Electric Vehicle Investment in Ethiopia at the Nordic-Africa EV Summit in Addis, Scheduled for September

The country that ended petrol as a mainstream product wants to invest in Ethiopia’s e-mobility sector. The gap between a Norwegian showroom and an Addis street is real. So is the opportunity.

Jun 4, 2026•Kana Newsroom

Economics

Addis Ababa Opens 22 Kilometers of New Riverfront as Urban Renewal Efforts Accelerate

The 22-kilometer development combines recreation areas, river conservation initiatives, and public infrastructure as part of Addis Ababa's ongoing urban development efforts.

Jun 2, 2026•Kana Newsroom

Economics

Ethiopia's Central Bank Deploys $200 Million in Scheduled Foreign Exchange Auctions, Signaling Reform Momentum to Investors

$200 Million in Scheduled FX Auctions Underscores Ethiopia's Reform Momentum

Jun 2, 2026•Kana Newsroom

Economics

New Underwater Map of Ethiopia’s Blue Nile Reservoir Clears the Way for Commercial Fishing and Boat Transport

Arba Minch University hands over the country’s first bathymetric survey of Africa’s largest reservoir, giving engineers, fisheries authorities, and transport planners data they have never had before.

Jun 2, 2026•Kana Newsroom