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Danish Gov’t Extends Hand for Gender Equality, Democracy

Mar 30 , 2019

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The Danish Government has signed a cooperation agreement with UNDP and UN Women to provide 4.5 million dollars for the two agencies in support of their work in Ethiopian governance and gender equality. From the total, three million dollars will go to UN Women to build on its ongoing support and to expand a program for preventing and responding to violence against women and a program to increase the participation of women in leadership. The rest of the funding will go towards Supporting Elections for Ethiopia’s Democracy Strengthening (SEEDS) project. UNDP will be coordinating this multi-agency project that seeks to assist Ethiopia with holding a credible and transparent election.

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NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...

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Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...

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Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...

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