Team Shega

Ethiopia Expands Market-Based FX Policies in Far-Reaching Central Bank Move

Ethiopia’s central bank has unveiled a new FX directive easing remittances, education and medical payments abroad, and introducing forward FX trading.

Ethiopia Integrates AI Weather Forecasts into Nascent Digital Agriculture System

Ethiopia is rolling out AI-powered weather forecasts to help farmers navigate erratic rains and rising climate risks, linking national meteorological systems with digital advisory platforms.

Central Bank Says Customs Indicative Prices Are References, Not Fixed Rates

Ethiopia’s central bank has clarified that customs “indicative prices” for imports are reference points, not fixed rates, after confusion among banks over a directive from the prior month.

Moody’s Keeps Ethiopia Ratings in Speculative Territory, Cites Liquidity and Debt Risks

Moody’s affirms Ethiopia’s local currency rating at Caa2, foreign currency at Caa3, citing ongoing debt restructuring and liquidity risks.

Ethiopian Coffee Farmers Back Shift to Bank Transfers, Research Shows

A new study finds 82% of coffee farmers in Oromia could prefer bank transfers over cash for cooperative payments citing safety, transparency, and convenience. Infrastructure gaps remain.

Ethiopia Eyes $900 Million in Solar Exports as New Factories Come Online

Ethiopia is positioning itself to earn nearly $900 million from solar technology exports by 2026, as five new factories are set to come online, PM Abiy Ahmed said.