Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Ethiopia moves to cut dollar dependence in trade shift

© Unsplash

Kalu Girma

Kalu Girma is an Ethiopian financial journalist covering markets, policy, energy, and investment trends.
  • UAE among countries agreeing to non-dollar settlements
  • Move seen as step toward trade diversification and debt protection

ADDIS ABABA, ETHIOPIA – Ethiopia is pushing ahead with plans to settle international trade in currencies other than the US dollar, the Ministry of Finance confirmed on Friday, as it seeks to ease pressure on foreign exchange reserves and broaden its investment ties.

Sign Up To Our Free Newsletter

Recent Business

Payment system. Photo by Nathana Rebouças @ Unsplash
Mukuru–Travelex partnership widens South Africa cash remittance network
19/01/2026
50 minutes ago
Ahmed Boulor
Read More »
IMF Deputy Managing Director Nigel Clarke and Ahmed Shide, Ethiopian Finance Minister. Photo @Ministry of Finance - Ethiopia/Facebook
IMF backs Ethiopia reform drive with $261mn payout
19/01/2026
2 hours ago
Michael Masrie
Read More »
Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
Foreign investors trim Ghana bond exposure as local banks anchor market liquidity
16/01/2026
2 days ago
Joshua Worlasi Amlanu
Read More »
Custom Research

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
05/01/2026
1 week ago
Wanderi Kamau
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
05/01/2026
1 week ago
Wanderi Kamau
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
01/01/2026
2 weeks ago
Dulue Mbachu
Read More »

Latest Posts

Latest news insights

Payment system. Photo by Nathana Rebouças @ Unsplash
Read More »
Mukuru–Travelex partnership widens South Africa cash remittance network
IMF Deputy Managing Director Nigel Clarke and Ahmed Shide, Ethiopian Finance Minister. Photo @Ministry of Finance - Ethiopia/Facebook
Read More »
IMF backs Ethiopia reform drive with $261mn payout
Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
Read More »
Foreign investors trim Ghana bond exposure as local banks anchor market liquidity
Open mine site. Photo by Mining Watch @ Unsplash
Read More »
Can copper and lithium reposition Africa in the 2026 global trade battle?
IMF Deputy Managing Director Nigel Clarke and Ahmed Shide, Ethiopian Finance Minister. Photo @Ministry of Finance - Ethiopia/Facebook
Read More »
IMF backs Ethiopia reform drive with $261mn payout
Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
Read More »
Foreign investors trim Ghana bond exposure as local banks anchor market liquidity
Open mine site. Photo by Mining Watch @ Unsplash
Read More »
Can copper and lithium reposition Africa in the 2026 global trade battle?
Coffee Photo by Pariwat Pannium @ Unsplash
Read More »
Uganda coffee exports hit $2.4bn, marking strongest decade for sector
Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
Read More »
Foreign investors trim Ghana bond exposure as local banks anchor market liquidity
Open mine site. Photo by Mining Watch @ Unsplash
Read More »
Can copper and lithium reposition Africa in the 2026 global trade battle?
Coffee Photo by Pariwat Pannium @ Unsplash
Read More »
Uganda coffee exports hit $2.4bn, marking strongest decade for sector
Ouagadougou, Burkina Faso. © Pixabay
Read More »
Burkina Faso opens year with $70 million bond sale on WAEMU