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U.S. Expands Visa Bond Program to 50 Countries


U.S. Expands Visa Bond Program to 50 Countries

The US will require travellers from about 12 countries, including Ethiopia, to post a bond of up to 15,000 dollars, approximately 2.3 million birr at current exchange rates, when applying for entry into the United States, according to a United States State Department official on March 19, 2026. The measure is part of an expanded visa bond programme affecting 50 countries and applies to B1 and B2 visa categories for business and tourism. The State Department said the policy will take effect on April 2, 2026. Officials said the bond is not a fee but a temporary security deposit, refundable if visa holders comply with entry conditions, including returning home as required or not overstaying their permitted period. The policy has raised concerns over affordability and fairness. While United States authorities describe it as a compliance tool, critics argue it could disproportionately affect applicants from developing countries and further restrict global mobility.

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Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...