Leaders of the BRICS nations have come to a consensus regarding the expansion guidelines for admission to the influential multinational association. Effective 01 January, 2024, six countries will formally become full members of the BRICS, further strengthening its global presence. These countries include Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.

Ethiopia’s Ministry of Finance, the Ethiopian Investment Holdings and FSD Africa on Wednesday signed a cooperation agreement to establish the Ethiopian Securities Exchange (ESX).

Ethiopia's general inflation rate decreased to 33.8 percent in December, after reaching 35.1 percent in November 2022, the state Ethiopian Statistics Service (ESS) revealed Monday.

Fitch Ratings has downgraded Ethiopia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC-' from 'CCC'. Fitch typically does not assign Outlooks to sovereigns with a rating of 'CCC' or below. Fitch has removed the Long-Term IDRs from Under Criteria Observation (UCO).