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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

Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...