Team Shega

NBE Orders Banks to Use Customs’ Indicative Prices for Selected Import

NBE orders banks to use Customs’ indicative prices for selected imports when processing forex, citing wide valuation gaps and concerns over balance of payments data. Rule takes effect Jan 27.

Midroc Says it Acquired Wabi Shebele Hotel, Plans World-Class Renovation

MIDROC Investment Group says it acquired the iconic Wabi Shebele Hotel, originally built in 1968. Plans are underway to renovate it into a luxury hotel under Marriott’s Autograph Collection standards.

Ethiopian SOEs Eyeing African Expansion as Local GDP Contribution Reaches 12%, EIH Chief Says

“We don’t want our SOEs to be just Ethiopian lions.” EIH CEO says state firms are eyeing regional expansion after years of restructuring and financial turnaround.

Visa Exemption Deal Takes Effect as Ethiopia, India Deepen Diplomatic Ties

Ethiopia and India have activated a visa-free travel agreement for diplomatic passport holders, effective Jan 15, 2026, after completing formal procedures under a pact signed in 2021.

Ethiopia Among 75 Countries Affected as U.S. Suspends Processing of Immigrant Visas

Ethiopia is among 75 countries affected as the U.S. suspends processing of immigrant visas starting Jan 21, citing tighter screening and public charge concerns.

Global Streaming Star IShowSpeed Touches Down in Ethiopia

IShowSpeed has a massive global following, with a combined audience of around 150 million across major social media platforms.