Betegbar Yaregal
EBR_News Mar 18, 2026
Developing economies now use industrial policy more intensively than advanced economies, with low-income countries imposing average tariffs of 12 percent, more than double the 5 percent rate in high-income nations, according to new World Bank research that upends conventional wisdom about who practices industrial policy.
The report, “Industrial Policy for Development,” draws on unprecedented data collection across 183 countries, including analysis of national development plans, tariff schedules, and business subsidy programs. The findings challenge recent narratives focused on US and European industrial policy announcements.
EBR_News Mar 18, 2026
Oromia Bank’s interest-free banking (IFB) financing has grown to 7.5 billion birr as of February 28, 2026, up from 4.5 billion birr in June 2025, a 67 percent increase in just eight months, while total IFB deposits rose from 10.2 billion birr to 11.78 billion birr during the same period, according to figures shared with EBR.
The IFB customer base expanded from 1.8 million to 2.1 million over the eight-month period, reflecting continued strong adoption of the bank’s Sharia-compliant banking services. The bank also distributed 3.75 million birr to six charitable organizations at the bank’s annual Ramadan charity program held on Tuesday at its headquarters.
EBR_News Mar 18, 2026
The Ministry of Finance has unveiled a comprehensive new directive aimed at overhauling the compensation system for temporary staff employed in development programs and projects funded by international partners. Directive Number 1125/2025, issued in March 2026, seeks to establish a uniform and transparent salary structure for workers across all federal and regional government offices, replacing the previous framework established in 2025.
The new regulation introduces standardized salary scales, detailed in four attached schedules, which apply to all project-funded personnel ranging from support staff to high-level specialists. By categorizing these temporary positions into four distinct groups Special Advisors, Sector-Specific Technical Professionals, Project Staff, and Support Staff the directive aims to eliminate pay discrepancies where similar roles across different projects might receive varying compensation.
EBR_News Mar 18, 2026
New data from the World Bank’s flagship industrial policy report reveals that Ethiopia employs a distinctive mix of policy tools with 33.2 percent of its interventions classified as “fiscally expensive” and average tariffs of 10.5 percent, positioning it among developing economies that rely heavily on second-choice instruments despite limited fiscal space, according to the newly released “Industrial Policy for Development: Approaches in the 21st Century.”
The report, authored by Ana Margarida Fernandes and Tristan Reed, provides the first comprehensive global database of industrial policy implementation, covering 183 economies. Ethiopia recorded 10 discriminatory policy measures between 2021 and 2023, with none classified as “firm-specific” suggesting the government relies on broad-based instruments rather than targeted interventions requiring intensive administrative capacity.
EBR_News Mar 18, 2026
Ethiopia and Italy have signed a bilateral debt restructuring agreement in Rome, marking a significant milestone in Ethiopia’s efforts to restore debt sustainability under the G20 Common Framework and reinforcing the strategic partnership between the two nations, according to a joint announcement from the Ministries of Finance of both countries.
The agreement was formalized by Ethiopia’s Finance Minister Ahmed Shide and Italy’s Minister of Economy and Finance Giancarlo Giorgetti as part of the Official Creditor Committee (OCC) process. The deal represents the culmination of negotiations following the Memorandum of Understanding reached with official creditors in July 2025.
EBR_News Mar 18, 2026
Ethiopian Airlines has announced it will resume direct passenger services between Addis Ababa and Atlanta beginning May 21, 2026, restoring a key connection between Africa and the southeastern United States after a temporary interruption of the route since February, according to a statement from the airline.
The service will reconnect Addis Ababa Bole International Airport with Hartsfield-Jackson Atlanta International Airport, one of the world’s busiest airports, providing passengers with access to Ethiopian’s extensive network across Africa via its Addis Ababa hub. The route will operate three times weekly using Boeing 787-8 Dreamliner aircraft.
EBR_News Mar 18, 2026
The Ethiopian Agricultural Works Corporation (EAWC) and Green Agro Solution’s digital platform Lersha have signed a Memorandum of Understanding to modernize agricultural services for smallholder farmers, aiming to facilitate credit access for one million farmers by 2030 through digital technology, according to an announcement made at the Skylight Hotel on Tuesday.
The agreement focuses on improving farmers’ financial capacity using digital platforms, facilitating access to agricultural inputs and mechanization services, and enhancing technology adoption through training. Lersha will connect smallholder farmers to input suppliers, including seeds, fertilizers, and agrochemicals as well as mechanization service providers, while providing advisory services on climate change adaptation.
EBR_News Mar 17, 2026
The Ethiopian Capital Market Authority has approved the registration of more than 54 million existing ordinary shares of Awash Bank S.C., according to a public notice issued March 16, marking a significant regulatory milestone for Ethiopia’s largest private bank as it advances toward a planned listing on the Ethiopian Securities Exchange.
The registration covers 54,066,089 shares already held by the bank’s existing shareholders, formalized under Articles 4 and 29 of the Public Offer and Trading of Securities Directive No. 1030/2024. The directive requires all securities offered, sold, or previously issued to the public to be registered with the Authority unless specifically exempted, ensuring transparency and regulatory oversight as Ethiopia’s capital market develops.
#EBR_News Mar 18, 2026
The National Bank of Ethiopia has concluded its 21st bi-weekly foreign exchange auction, with the weighted average exchange rate settling at 157.4654 birr per US dollar, marking a depreciation of approximately 0.98 percent from the previous auction on March 3, which cleared at 155.9403 birr.
The auction, held today, saw unprecedented demand with total bids reaching $241.52 million against an allotted amount of $70 million more than 3.4 times the amount offered. Thirty commercial banks participated, but only nine were successful in securing allocations. The cut-off rate was set at 157.0183 birr per dollar, with the highest bid reaching 158.5000 birr and the lowest at 154.5000 birr.
