The Ethiopian Railways Corporation (ERC) is finalizing a transformative investment strategy aimed at attracting private and foreign investors through PPPs and joint ventures. The plan features major projects, including the redevelopment of ERC’s Lagar site into a mixed-use urban complex, new logistics hubs in Indode, Mojo, and Dire Dawa, and continued expansion of key railway lines — signaling Ethiopia’s shift toward a modern, partnership-driven transport economy.

The National Bank of Ethiopia (NBE) has warned businesses and individual traders against using personal or third-party bank accounts for official transactions, citing risks of tax evasion and illicit financial activity.