- , Awash Bank applied to Djibouti for a private banking license.
- The government nearly doubled its scheduled Treasury bill offering to 23.39 billion Br.
- Ethiopian Electric Power announced a $30 billion plan to improve national power supply.
- The African Union and Germany agreed on a four-point cooperation pact in Addis Ababa.
- Filmmaker Anteneh Teherku was among three people killed in Welkite.
Top stories
Awash Bank applies for Djibouti banking licence, weighs Awash Group entity
Awash Bank S.C. stated it applied to Djibouti's banking regulator for a license to enter the country's private banking sector. The bank also asked the National Bank of Ethiopia to approve a Djibouti branch. At its shareholders' meeting on October 31, 2026, the bank reported a net profit of 38.3 billion birr for 2025/26, which is up 49 percent. The bank is also studying an Awash Group entity.
Birr Metrics
Tigray Holds Transitional Leader Elections in Aksum, Shire Indaselassie and Tembien Abiy Addi
Tikvah Ethiopia reports that transitional leaders were elected in Aksum, Shire Indaselassie, and Tembien Abiy Addi on October 22. Five people were elected by popular vote in each city. These elections have spread across Tigray, including areas controlled by the National Defense Force and the Tigray Peace Force. In Adwa, police have returned to work, and elections are expected to take place there soon.
Tikvah Ethiopia (Telegram)
Ethiopia's federal government nearly doubles Treasury bill offering to 23.39 billion Br as long-term bond framework is readied
The federal government nearly doubled its planned Treasury bill offering to 23.39 billion Br at the October 14 tender, up from 11.94 billion Br two weeks earlier. The National Bank of Ethiopia says a framework for 10- and 15-year government bonds and over-the-counter trading has passed management review. Treasury bills yield far below the policy rate and inflation.
Addis Fortune
Moyale residents say gunfire stops after days of clashes
Residents of Moyale told Tikvah Ethiopia that gunfire in the city stopped on Wednesday, October 18, and that the area is relatively more stable than in past days. They described the security crisis and intense shooting of the preceding consecutive days as having improved and moved toward stabilization, with no casualty figures or official statements provided.
Tikvah Ethiopia (Telegram)
Politics
Addis Abeba Cabinet Gives Mayor Adanech Abiebie Sole Power to Approve Land Subdivisions
Addis Abeba Cabinet gave Mayor Adanech Abiebie sole authority for land subdivisions.
Addis Fortune
Ethiopian Prime Minister's office recounts Meskerem and Tikimt activities
Ethiopia’s Prime Minister’s office reported PM activities during Meskerem and Tikimt.
ENA (Telegram)
Security
Filmmaker Anteneh Teherku Among Three Killed by Gunmen in Welkite
Unidentified gunmen shot three people, including filmmaker Anteneh Teherku, in Welkite town's 'G and P' area (Gurage Zone), according to DW Amharic.
Borkena
Economy
Ethiopian Electric Power unveils $30 billion, 10-year energy plan
EEP announced a $30 billion, 10-year plan to improve Ethiopia's power supply.
Ethiopian Business Daily (Telegram)
Corbetti Geothermal Developers Award Marriott Drilling Group Contract for Up to Four Exploration Wells
Corbetti geothermal developers awarded Marriott Drilling Group a drilling contract for four exploration wells at the Corbetti Caldera (Oromia).
Birr Metrics
Business
Namibia rejects leaked memo on Ethiopian Airlines operating its planned carrier
Ethiopia's Airlines met criticism regarding a leaked memo.
Addis Fortune · according to leaked documents, reported by Fortune
Society
Reuters reports Ethiopian maids 'dumped' on Lebanese streets
Reuters reported Ethiopian domestic workers were left on the streets in Lebanon.
Reuters (Ethiopia, via Google News)
Foreign relations
Germany and African Union agree four-point cooperation pact after Addis Ababa talks
AU and Germany agreed on four goals in Addis Ababa (Oct 20-21).
Amhara Media Corporation
Sent by the Observatory.