African credit rating agency launches in Mauritius
The AU announced AfCRA’s October 7 launch in Mauritius, establishing an independent Africa-focused agency to assess borrowers and expand credit-rating coverage.
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Ethiopia sets 9.62% tax-to-GDP target for 2026/27
President Taye outlined a 9.62 percent tax-to-GDP target for 2026/27 on October 6, 2026, alongside inflation and growth goals in the government’s new programme.
Ethiopia reviews two applications for wholly foreign-owned bank subsidiaries
Two foreign banks have applied to establish wholly owned Ethiopian subsidiaries, an NBE official said at the finance forum. The applicants have not been named and no licensing decisions were announced.
US adds 29,000 jobs in September as unemployment reaches 4.2%
US payrolls increased by 29,000 in September 2026 and unemployment stood at 4.2%, according to the Bureau of Labor Statistics release on 2 October.
Abiy highlights Ethiopia’s fuel supply options at Lamu refinery groundbreaking
Abiy Ahmed attended the Lamu refinery groundbreaking in Kenya on 30 September 2026, saying the project could broaden Ethiopia’s regional fuel supply options and support trade.
Toronto coffee expo connects Ethiopian exporters with Canadian buyers
Ethiopian exporters met Canadian coffee buyers at a Toronto expo scheduled for September 28–29, 2026, as Ethiopia’s embassy sought stronger direct trade links.
Ethiopia Finance Forum opens with appeal to investors and development partners
Ethiopia’s finance forum opened on September 29, 2026, with an appeal for investor engagement. The National Bank of Ethiopia convened the three-day meeting in Addis Ababa.
Australia raises cash rate to 4.60% as inflation pressures persist
The Reserve Bank of Australia unanimously raised its cash rate target by 0.25 percentage points to 4.60% on September 29, 2026, citing persistent inflation.