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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

Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


Radar

ESX Names Yodit Kassa CEO in Leadership Handover

The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa. ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders. Yodit and Tilahun have been...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia's first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond. The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance manageme...