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.


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EBR_News Mar 18, 2026

Organizers of the 10th Ethio Health International Trade Exhibition and Conference have announced that this year’s event, alongside the 2nd National Medical Equipment Manufacturing and Innovation Exhibition, will take place from April 2-4, 2026, at the Addis International Convention Center (AICC), according to details disclosed at a press conference held today at Skylight Hotel.

The three-day event, organized by the Prana Events with Ministry of Health and Armauer Hansen Research Institute (AHRI), will bring together more than 90 companies from eight countries including Bangladesh, China, India, Russia, Turkey, the UAE, the USA, and Ethiopia. Over 40 Continuing Professional Development (CPD) trainings, the 3rd Digital Health Hackathon, and scientific forums are planned as major highlights.

Tadesse Teferi, President of the Ethiopian Pharmaceuticals and Medical Supplies Manufacturers Association, told journalists at the press conference that “Ethiopia’s pharmaceutical market is currently valued at $1.8 billion, while Africa’s total market stands at $27 billion,” he said, noting that the market is projected to grow 15 percent annually, reaching $3.6 billion by 2030. “This creates a good opportunity for AfCFTA to be competitive and export products to neighboring countries.”

The president highlighted Ethiopia’s growing manufacturing capacity, revealing that the first National Medical Equipment Manufacturing Exhibition held last June featured 112 direct exhibitors and attracted more than 70,000 visitors. “The production of medicines and medical devices is not just a production agenda, but also a confirmation of health sovereignty. It is an economic agenda,” he emphasized.

Dawit Tesfagiworgis, Project Manager at Prana Events, explained that Ethio Health operates on two tracks. “In terms of exhibition, it is a platform where domestic and foreign medical manufacturing companies and service providers create a platform to discuss B2B relationships and other types of connections. The congress aspect involves more than 21 professional associations working together to develop health professionals through training and various course activities.”

Messay W/mariam, Deputy Director General at AHRI, emphasized the strategic importance of the partnership with Ethio Health to organize the second National Medical Equipment Manufacturing and Innovation Exhibition. “One of Ethiopia’s biggest goals is to become the center of African pharmaceutical and medical device manufacturing and research,” he reiterated, thanking the Ministry of Health for supporting the initiative.

Companies from Bangladesh, China, India, Russia, Turkey, the United Arab Emirates, the United States, and Ethiopia will showcase medical equipment, pharmaceutical supplies, laboratory products, and healthcare solutions to professionals and investors.

The event will also feature the 2nd Annual Scientific Forum, Healthcare Leadership Conference, Digital Health Forum with the 3rd Digital Health Hackathon sponsored by Orbit Health and BAO Systems, and specialized Pharma Panel Discussions addressing pharmaceutical production and supply challenges.

 



EBR_News Mar 18, 2026

Ethiopia’s banking sector has been declared stable, resilient, and low-risk, with key indicators including capital adequacy, asset quality, liquidity, and profitability all improving over the past fiscal year, according to the National Bank of Ethiopia’s third Financial Stability Report covering July 2024 to June 2025.

The report highlights a significant macroeconomic shift: declining inflation has created a more stable environment supporting the transition to positive real interest rates, enhancing the effectiveness of monetary policy. Improvements in fiscal performance, reflected in lower budget deficits and more sustainable public and domestic debt, have reduced macroeconomic vulnerabilities and reinforced financial stability.



EBR_News Mar 17, 2026

Ethiopian Airlines has announced a strategic partnership with The New Terminal One at John F. Kennedy International Airport, relocating its New York operations to the state-of-the-art facility when it opens later this year, according to a joint announcement from the airline and the terminal operator.

The carrier, a Star Alliance member, will transition from its current location at JFK’s Terminal 7 to the New Terminal One, which is a key component of the Port Authority of New York and New Jersey’s $19 billion transformation of JFK Airport into a world-class international gateway. The airline will continue offering service from New York to its Addis Ababa hub, providing one-stop access to destinations throughout Africa, the Middle East, and Asia.


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EBR_News Mar 17, 2026

United Nations Secretary-General António Guterres has appointed Ozonnia Ojielo of Nigeria as the new UN Resident and Humanitarian Coordinator in Ethiopia, with the host government’s approval effective March 14, 2026, according to an announcement from the United Nations.

Ojielo brings more than 25 years of experience in sustainable development, governance, peacebuilding, and conflict prevention to the role, having overseen UN programmes and projects across four continents. He most recently served as UN Resident Coordinator in Rwanda, where he provided strategic leadership to the UN Country Team and engaged closely with development partners and senior government leaders to advance national development priorities.



EBR_News Mar 17, 2026

The Ministry of Transport and Logistics has issued a national call urging all segments of society, government institutions, and private enterprises to accelerate the transition to electric vehicles and natural gas, positioning the strategy as a critical buffer against the global oil price shocks triggered by the Middle East conflict, according to a press release from the Ministry.

The call emphasizes that Ethiopia’s electric vehicle policy, initiated four years ago under Prime Minister Abiy Ahmed with special incentives, has proven to be a far-sighted decision that is now shielding the country from the worst impacts of international fuel market turbulence. The government aims to replicate the success of wheat self-sufficiency in the energy sector.


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EBR_News Mar 16, 2026

The AlHuda Centre of Islamic Banking and Economics (CIBE), a globally recognized advisory and research institution based in the UAE, has signed a Memorandum of Understanding with the Ethiopian Interest Free Finance Professionals Association (EIFFPA) to strengthen capacity building, advocacy, and knowledge sharing for the development of Sharia-compliant finance in Ethiopia, according to a joint press release issued today.

The agreement establishes a framework for collaboration in key areas including professional education and training, conferences and seminars, public awareness initiatives, policy advocacy, and professional exposure visits. The partnership aims to support the growth of interest-free finance by engaging stakeholders, developing policy materials, and strengthening the technical capacity of industry practitioners.


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EBR_News Mar 16, 2026

Chef Fariyal Abdullahi, an acclaimed culinary talent of Ethiopian ancestry, has been selected to create exclusive inflight meals for United Airlines’ international business-class passengers, according to a March 12 announcement by the airline.

Fariyal, the Executive Chef of the renowned New York restaurant Hav & Mar, is one of 11 world-renowned chefs from four continents chosen to curate regionally inspired dishes for United’s Polaris business class. Her cooking at Hav & Mar is described as a convergence of her travels and Ethiopian ancestry, brought to life with an infusion of European technique and unique flavors.


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EBR_News Mar 16, 2026

Prime Minister Abiy Ahmed (PhD) has issued an urgent call for strict fuel conservation across Ethiopia, citing severe disruptions in global oil supplies caused by the ongoing Middle East conflict that has made it increasingly difficult for importing nations to secure consistent deliveries, according to a statement posted on his social media pages.

The Prime Minister urged fuel distributors, gas station operators, and the general public to prioritize essential services and use fuel responsibly until regular supply chains are restored. “We must all act with a sense of responsibility by saving fuel and prioritizing basic necessities,” Abiy stated, emphasizing that collective discipline is required to navigate the current global energy challenge.

The appeal follows a nationwide crackdown announced last week by Finance Minister Ahmed Shide, who warned that legal action has begun against entities accused of selling subsidized fuel above government-mandated prices. The government allocates more than $4.2 billion annually to import petroleum products, with current subsidies reaching 98.29 birr per liter for white diesel and 73.56 birr for gasoline compared to international delivery prices at Djibouti port.

Authorities have initiated legal measures targeting traders and collaborators operating outside official distribution channels, with studies showing that fuel imported with large foreign-currency allocations is being diverted and sold on black markets at inflated prices, creating artificial shortages.




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