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Ethiopia Arrests 99 Officials in Revenue, Customs and Labour Corruption Sweep
Aug 7, 2026 .
Ethiopia has arrested 99 officials and employees over alleged corruption involving tax, customs and ....
Ethiopia has transformed Fayda into Faydaverse, a state-owned enterprise under EIH, as the digital I....
Small birr notes are disappearing from circulation as inflation and wear outpace replacement, leavin....
Air India names former Ethiopian Airlines CEO Tewolde Gebremariam as its new Chief Executive Officer....
Ethiopia's tax revenue remains highly concentrated, with 29% of large taxpayers generating 80% of co....
Awash Bank paid ETB 15.77 billion in taxes in FY2025/26, making it Ethiopia's largest Ethiopian-owne....
Ethiopian Shipping and Logistics Services Enterprise returned to profit in FY2025/26, posting ETB 28....
Tsedey Bank returned to profit in FY2025/26, posting ETB 4.3 billion in pre-tax profit as its non-pe....
China's Zijin Mining has abandoned its USD 4 billion acquisition of Allied Gold but will retain a 9.....
Which companies are trading on Ethiopia's Securities Exchange, and which are only registered? Banks ....
Ethiopia plans to raise ETB 197.2 billion through first-quarter Treasury bill (T-Bills) auctions as....
A World Bank policy paper argues Ethiopia's market-based FX reform deepened poverty, challenging the....
Global Bank has suspended 18 executives and overhauled its leadership as an investigation into its d....
Ethiopian Airlines increased revenue to USD 9.1 billion in FY2025/26 despite rising global costs, wh....
Nib International Bank returned to profit in FY2025/26, posting 4.2 billion Birr in pre-tax earnings....
Is Ethiopia ready for a digital-only bank? Banks Ethiopia examines the regulatory, market, capital, ....
Bank of Abyssinia officially joins the Ethiopian Securities Exchange Main Market, strengthening Ethi....
ECMA has registered an additional 3.88 million existing Wegagen Bank securities, strengthening compl....
Zemen Bank reported a pre-audit gross profit of ETB 10.2 billion in FY2025/26 as deposits climbed 32....
Ethiopia's licensed payment gateways face frozen accounts and disputed tax bills after an NBE data e....
The National Bank of Ethiopia has reaffirmed that virtual asset and cryptocurrency transactions rema....
Ethiopia posted 9.2% growth and touted disinflation at the EEA's 23rd conference, but June's 13.9% i....
Ethio Telecom's revenue climbed to 215.9 billion birr in FY2025/26 as data services became its large....
The National Bank of Ethiopia has allocated USD 500 million for four bi-weekly FX auctions in the fi....
ECMA has registered 1,447,002 existing Sidama Bank shares, advancing compliance with Ethiopia's capi....
The NBE is developing a fintech sandbox to test cross-border digital payments of up to USD 5,000 ann....
Food inflation climbed to 15.1% in June, its highest since January 2025, pushing Ethiopia's annual i....
Shabelle Bank posted a tenfold rise in pre-tax profit in FY2025/26 as deposits, financing, assets, a....
The Ethiopian Economic Association says reforms must create jobs, raise incomes, and strengthen inst....
The NBE has introduced a targeted reserve framework to replace Ethiopia's three-year credit cap, mar....
The Parallel Market Gap Is Narrowing. The IMF Says Ethiopia's FX Reform Isn't Done....
Ethiopia will begin rolling out a real estate property tax in major cities during the 2026/27 fiscal....
Michu has disbursed over ETB 60 billion through 3.2 million digital loan accounts, expanding collate....
Ethiopia's fifth IMF review unlocks $464M as debt climbs to 50.5% of GDP. We examine the restructuri....
Can NBE's latest policy package tame 13.4% inflation? We examine whether the rate hike, credit refor....
Anbesa Bank shareholders seek a meeting with the NBE governor after the central bank revoked approva....
NBE hikes its policy rate, scraps the credit growth cap, and eases FX rules as inflation rebounds in....
ECMA has licensed three new capital market firms, raising Ethiopia's total licensed capital market s....
Hijra Bank reported ETB 3.55 billion in income for FY2025/26 as assets, deposits, digital banking, a....
Ethiopia's 2026/27 budget projects 13.7 billion birr in FX gains from currency depreciation, but the....
EthSwitch posted ETB 2.6 billion in gross pre-tax profit after processing ETB 1.26 trillion in inter....
OLA Energy will acquire TotalEnergies Ethiopia, expanding its fuel retail network and marking a majo....
The World Bank's new 10-year Ethiopia strategy (2027-2036) ties job creation to private credit expan....
Gadaa Bank has received ECMA approval to issue one million new shares after more than doubling annua....
How to form an investment bank in Ethiopia: ECMA capital requirements, licensing steps and staff qua....
The Ethiopian Capital Market Authority has approved ZamZam Bank to issue one million new shares afte....
The Ethiopian Securities Exchange has admitted Prime Capital as its eighth trading member, expanding....
Awash Bank reported deposits of 467.8 billion birr and an unadjusted profit of 40.7 billion birr, ma....
Commercial Bank of Ethiopia posted a record 80+ billion birr profit in 2025/26, expanding deposits, ....
IMF urges NBE to stay ready for further tightening as inflation rebounds. What it means for Ethiopia....
The Ethiopian Capital Market Authority has registered five million existing Addis Bank shares, marki....
Ethiopian Cargo has been named Best Air Cargo Carrier in Africa at the 2026 AFLAS Awards, marking th....
Ethiopia has reached a new agreement in principle with Eurobond holders after its earlier debt restr....
Ethiopia earned a record $3 billion from coffee exports in 2025/26, with coffee contributing more th....
Food inflation in Addis Abeba is now outpacing overall inflation, forcing households to cut spending....
A National Bank of Ethiopia official says around 8% of digital payment transactions fail, highlighti....
Zemen Bank has entered Ethiopia's Islamic finance market with the launch of Z-Qamar, its new Sharia-....
Binance has restored platform access through Ethio telecom, but Ethiopia continues to prohibit ETB-d....
The Paris Club says Ethiopia's prolonged debt negotiations highlight weaknesses in the G20 Common Fr....
Abay Bank has joined the Ethiopian Securities Exchange Main Market, becoming the fifth institution a....
NBE's second June FX auction cleared at 157 birr per dollar as demand eased, bids fell to USD 160.5 ....
Bunna Bank has registered more than 64 million shares with the Ethiopian Capital Market Authority, m....
Ethiopia is betting on birr stability, a narrower forex premium, and a stronger interbank market, bu....
Arifpay says it has processed 156.9 billion birr through 425 million transactions, highlighting the ....
Ethiopia's Auditor General says over 16 billion birr remains unsettled across federal institutions d....
Ethiopia's coffee exports are slowing as falling global prices collide with fixed export floors, squ....
The World Bank is preparing to approve $1.45 billion in budget support for Ethiopia, providing a maj....
NBE's rescheduled $100M FX auction cleared at a record 158 birr after a week-long unexplained outage....
Ethiopia's inflation hit 13.4% in May, but coffee and sugar prices rose nearly 3 times faster, hitti....
Global oil prices fell as markets anticipate renewed flows through the Strait of Hormuz, potentially....
Siket Bank has partnered with ECX to support warehouse receipt financing, expanding credit access fo....
Ethiopia has begun issuing new national license plates costing up to 56,000 birr, sparking debate ov....
Founders of EagleLion System Technology, Chapa, and Thur Biotech have been named among Africa's Busi....
NBE Governor Eyob Tekalign urges Ethiopian banks to strengthen capital, embrace innovation, and mode....
The National Bank of Ethiopia has allowed embassies and foreign investors to import fuel under Franc....
Ethiopia’s proposed 2.34 trillion birr budget is the largest in history, but currency depreciation....
Immigration and Citizenship Service (ICS) plans to integrate passport services with Fayda Digital ID....
United Capital has become the first foreign firm licensed for investment banking in Ethiopia, markin....
How Ethiopia’s banks compare to Revolut, Nubank, and Monzo—and what it would take to build the c....
EthioPay-IPS processed over 1 million transactions worth more than 5 billion birr in a day, marking ....
Ethiopian Airlines will resume Kuwait flights on June 16 and launch direct Mauritius services in Jul....
The IMF has approved a staff-level agreement unlocking $468 million for Ethiopia, bringing total ECF....
Building on Shifting Ground: How Regulatory Instability Is Holding Back Ethiopia’s Startup Ecosystem
Ethiopia’s startup ecosystem is growing rapidly, but regulatory uncertainty, shifting rules, and i....
Ethiopia’s revised Eurobond restructuring proposal has been rejected by bondholders, extending unc....
Chapa, ArifPay, and SantimPay have asked the NBE to intervene in a tax enforcement dispute, warning ....
une Auctions in Focus: Ethiopia's banks face a $560M forex demand gap as NBE schedules just $200M ac....
Ethiopia’s capital market faces slow public participation, shallow liquidity, and regulatory press....
Ethiopia’s IMF-backed reforms could weaken the Birr, raise taxes, and increase living costs for SM....
Ethiopia’s banking blackouts are disrupting businesses, blocking payments, and exposing deep failu....
Ethiopia's National Bank lifts CBE's exclusive mandate — all licensed commercial banks can now iss....
Ethiopia plans to open its logistics sector to foreign investors amid concerns from local operators ....
NBE orders rationalization of LC fees and charges while amending Ethiopia’s FX directive to ease t....
ECMA warns the public against Gezana General Trading Share Company over illegal unregistered share s....
Ethiopia proposes tougher tax penalties, including 100,000 birr fines and prison terms for receipt v....
Is Ethiopia making it easier or harder for companies to grow? A closer look at business reforms, reg....
National bank of Ethiopia just injected $500M into the forex market — yet banks bid over $1 billio....
Aliko Dangote says total investment commitments in Ethiopia have surpassed $4 billion as plans advan....
The National Bank of Ethiopia has announced a special $500 million foreign exchange auction as part ....
CBE Capital has become the first investment bank in Ethiopia to transact over 1 billion birr in Trea....
4 banks. 35+ countries. $100 billion. How Ecobank, Equity Group, Standard Bank & Attijariwafa made A....
Addis Ababa has launched a 1.4 billion birr project to convert 1,200 public buses to gas-powered eng....
Awash Bank wins Best Bank in Ethiopia for the 5th year running. Discover the profits, the strategy, ....
Hijra Bank’s paid-up capital has surpassed 5.36 billion birr as deposits, profits, customers, and ....
The ESX amends OTC Market rules with stricter admission, enhanced reporting, and clearer enforcement....
ECMA has registered 9.6 million existing shares of Abay Bank under Ethiopia’s new capital market f....
Safaricom Ethiopia more than doubled revenue in FY2026 as customer growth, M-PESA adoption, and 4G e....
The 2025 RED Index report says only Morocco, Egypt, South Africa, and Mauritius are structurally pos....
The Ethiopian Securities Exchange (ESX) has onboarded Siinqee Investment Bank and First Addis Invest....
Ethiopia’s inflation rose to 11.7% in April 2026 after fuel supply shocks pushed food and transpor....
Ethiopia plans a new law requiring banks to allocate part of their lending to manufacturing, aiming ....
Gambella supplies 5,535 kg of gold to Ethiopia’s central bank, reflecting increased production and....
Ethiopia may reconsider its ban on fuel-powered vehicle imports as WTO accession progresses, shiftin....
Binance will suspend Ethiopian Birr trading from May 15, 2026, following regulatory pressure and a c....
IATA names Ethiopian Airlines CEO Mesfin Tasew among Africa’s top aviators, highlighting leadershi....
Commercial Bank of Ethiopia surpasses 2.1 trillion birr in deposits, driven by strong growth and $3.....
Ethiopia’s debt recovery faces new pressure as IMF warns of global shocks, rising fuel costs, and ....
Ethiopia restores diesel supply to 9 million litres daily after disruptions, but rising fuel subsidi....
Ethiopia collects 1.1 trillion birr in nine months, marking strong revenue growth, but low tax-to-GD....
A new draft insurance law could open Ethiopia’s market to foreign insurers, introduce an independe....
Dodai raises $13M Series A to scale electric motorbikes in Ethiopia. We break down what this landmar....
Ethiopia’s Capital Market Authority warns investors against незаконные share sales linke....
Awash Bank S.C. has officially listed on the Ethiopian Securities Exchange, marking a significant st....
A new national study reveals that despite rapid growth in digital accounts and transactions, merchan....
Prime Capital S.C. has been licensed by the Ethiopian Capital Market Authority as an investment bank....
EIB Global and Zemen Bank launch €40M financing facility to support Ethiopian agricultural exporte....
Fuel shortages in Ethiopia drive parallel markets, with prices surging above 500 Birr per liter amid....
Ethiopia leads Sub-Saharan Africa with projected 9.2% growth for 2025/26, driven by strong economic ....
Wegagen Bank secures a $10M IFC trade finance guarantee, boosting support for Ethiopian importers, e....
Ethiopia introduces full tax exemption for free trade zone importers, signaling a shift toward suppl....
Ethiopia’s treasury bill market expands as private investors boost demand, supporting market-based....
The IMF warns Ethiopia faces economic pressure linked to Gulf trade disruptions and fuel shortages, ....
Ethiopian Airlines’ nine Boeing 787-9 Dreamliner aircraft order is estimated at $1.3–$1.6 billio....
The National Bank of Ethiopia has warned against illegal money transfer channels and advised Ethiopi....
The IMF has appointed Zeine Zeidane as Director of its African Department, replacing Ethiopian econo....
Dashen Bank has launched a Virtual Mastercard for international online payments and introduced remot....
The National Bank of Ethiopia has given insurers six months to secure approval for executives or fac....
Cooperative Bank of Oromia’s AI-powered lending platform Michu has disbursed 50 billion birr to 2.....
Ethiopia has increased fuel prices for the third time since December 2025, with white diesel rising ....
For Ethiopia, the 2026 oil shock is not merely a financial inconvenience — it is a compound system....
Ethiopia's central bank has maintained its policy rate and credit caps as inflation declines to sing....
Investors in Ethiopia’s industrial parks have raised concerns over banking restrictions, foreign c....
Investor participation in Ethiopia’s special economic zones has surged from 36 in 2018 to more tha....
IFC has invested $6.9 billion in Ethiopia over five years, supporting telecom, renewable energy, SME....
IMF data from March 2026 shows that Africa's 10 most indebted nations rely heavily on the institutio....
Ethiopia’s digital payments sector processed over ETB 18.5 trillion in one year, nearly doubling t....
National Bank of Ethiopia launches international design competition for new HQ in Addis Ababa, featu....
Bank of Abyssinia completes electronic share registration with ECMA and CSD, requiring shareholders ....
Finance sector union appeals to PM over new tax on employee loans, arguing the policy unfairly burde....
Oromia Bank reports 67% growth in interest-free financing to 7.5 billion birr, while IFB customers s....
Ethiopia’s FX Auction No. 21 reveals surging dollar demand, aggressive bidding, and a market-drive....
Ethiopia’s Birr fell by 150%, yet banks posted record strength. Inside the NBE’s 2026 Financial ....
Ethiopian Airlines inaugurates an expanded domestic terminal at Addis Ababa Bole Airport to improve ....
Ministry of Mines, Ethiopia grants mining production licenses worth over $4.2 billion for iron ore, ....
The African Development Bank Group has released its mid-term review of Ethiopia’s 2023–2027 deve....
Ethiopia launches a crackdown on illegal fuel trading while increasing subsidies to stabilize prices....
Dashen Bank’s Sharik interest-free banking service has exceeded 15 billion birr in Shariah-complia....
Ethiopia’s export revenues reached $5.91 billion in seven months, reflecting strong growth driven ....
Global Oil Prices Plunge Over 11% as markets reacted to signs of possible de-escalation in the Iran....
Chinese Foreign Minister Wang Yi has reaffirmed that China will grant zero-tariff access to imports ....
Internal disputes and risk management concerns have surfaced at Amhara Bank, raising broader questio....
Global markets declined as rising tensions in the Middle East pushed oil prices to near two-year hig....
The Ethiopian Securities Exchange (ESX) has launched its first digital trading platform, introducing....
Africa’s aviation sector is entering a period of strong expansion in 2026. New industry data shows....
Ethiopia and Germany are seeking to expand trade and investment cooperation following high-level dis....
Ethiopia’s interbank money market has posted its strongest weekly performance since launch, with c....
The National Bank of Ethiopia (NBE) has announced the results of its Foreign Exchange Auction No. 20....
The National Bank of Ethiopia has reiterated that Birr-denominated peer-to-peer (P2P) cryptocurrency....
Ethiopia’s construction industry is projected to grow at an average annual rate of 7.8% between 20....
JPMorgan has raised its long-term gold price forecast by 15% to $4,500 per ounce, up from roughly $3....
The African Development Bank Group (AfDB) and the United Nations Development Programme (UNDP) launch....
Signaling renewed momentum for Ethiopia's aviation sector, the Ethiopian Civil Aviation Authority (E....
Dashen Bank has recorded more than 220 billion birr in transaction value through its Super App, unde....
Ethiopia's entrepreneurial ecosystem faces sustainability concerns due to a significant USD 4.2 bill....
NBE offered USD 500 million, while total bids reached USD 455.29 million, leaving the auction unders....
The National Bank of Ethiopia (NBE) has announced a Special Foreign Exchange Auction amounting to US....
Federal investigators have launched a wide-ranging probe into an alleged forged bank guarantee netwo....
KEFI Gold and Copper has moved into the full construction phase at its Tulu Kapi gold project in wes....
MIDROC Investment Group has commissioned a 1 billion birr coal processing plant in East Wollega, add....
Dashen Bank has opened its remaining shares to the public following the completion of its exclusive ....
Ethiopia’s small and medium-sized enterprise (SME) sector is set to receive a renewed financing bo....
The National Bank of Ethiopia (NBE) has announced the results of Foreign Exchange Auction No. 18, co....
Ethiopia is taking a major step toward a market-driven financial system as six commercial banks adva....
African leaders have endorsed a sweeping 10-year implementation plan aimed at repositioning the cont....
Ethiopia generated $1.345 billion from coffee exports in the first half of the 2025/26 fiscal year, ....
The President of the African Development Bank Group (Afdb), Sidi Ould Tah, has used his first Africa....
The National Bank of Ethiopia has introduced significant amendments to its Foreign Exchange Directiv....
The National Bank of Ethiopia (NBE) has issued Foreign Exchange Directive No. FXD/04/2026, introduci....
Kenya’s largest telecoms operator, Safaricom, has launched a new stock-trading service embedded di....
Ethiopia is recalibrating its external trade strategy toward regional African markets and key Middle....
Ethiopian Airlines Group generated USD 4.4 billion in revenue during the first half of the current f....
Tseday Bank S.C. has appointed Yohannes Ayalew (PhD) as its new president, subject to regulatory app....
Commercial Bank of Ethiopia (CBE) Given Until March 2026 to Cut FX Exposure as NOP Pressures Persist
The deadline for the Commercial Bank of Ethiopia (CBE) to significantly reduce its foreign exchange ....
The Ethiopian Capital Market Authority (ECMA) has approved and registered securities issued by Addis....
South Africa’s Absa Group has confirmed it is assessing a potential entry into Ethiopia’s bankin....
Ethiopia recorded a sharp rise in diaspora inflows during the first half of the 2025/26 fiscal year,....
Ethiopia generated more than USD 18 billion in foreign exchange inflows over the first six months of....
The National Bank of Ethiopia (NBE) sold 70 million US dollars in foreign exchange on Tuesday throug....
Ethiopia’s effort to restructure its one billion US dollar Eurobond has entered a more contentious....
Dashen Bank’s push into digital lending is gaining traction, with the bank disbursing 3 billion bi....
The National Bank of Ethiopia (NBE) is preparing to withdraw from direct participation in the countr....
Ethio Telecom Posts 85 Billion Birr Revenue as Forex Inflows Reach 88 Million Dollars in Six Months.
Ethio Telecom has reported strong financial and operational performance in the first half of the 202....
Zemen Bank achieved a significant financial milestone in the first half of the current fiscal year, ....
The Commercial Bank of Ethiopia (CBE) posted strong financial gains in the first half of the 2025/26....
The National Bank of Ethiopia (NBE) has announced the results of its Special Foreign Exchange Auctio....
The National Bank of Ethiopia (NBE) has announced a special foreign exchange auction amounting to US....
The National Bank of Ethiopia (NBE) has introduced a new measure requiring commercial banks to use i....
Ethiopia generated more than $ 5.1 billion in export earnings during the first half of the 2025/26 f....
Ethiopian Airlines has moved to further strengthen its long-haul capacity after confirming the purch....
Ethiopia’s digital payments sector is facing a defining moment, as regulatory enforcement and stat....
Ethiopia’s largest state-owned enterprises have accumulated foreign exchange holdings worth 48.66 ....
Ethiopia has received an additional $ 261 million from the International Monetary Fund (IMF) after t....
Gold prices in parts of Ethiopia have retreated sharply from last year’s peaks, with some retail m....
Ethiopia’s external sector has received a significant boost at the start of the 2025/26 fiscal yea....
M-Pesa Africa is set to enhance its mobile money services in Ethiopia by integrating blockchain tech....
The United Nations forecasts global economic growth will decrease to 2.7 percent in 2026, down from ....
Ethiopia recorded a dramatic contraction in federally registered business licenses last year, with m....
The Ethiopian Statistical Service reports that headline inflation fell to 9.7% in December EFY 2018,....
In anticipation of heightened competition from both growing domestic private lenders and the imminen....
The Ethiopian Securities Exchange (ESX) reported an 81.8 million birr net loss in its 2024/25 financ....
Ethiopia has taken a significant step toward resolving its prolonged external debt crisis, reaching ....
The Ethiopian Reinsurance Share Company (Ethio-Re) has announced a dividend distribution of 495.5 mi....
Commercial banks in Ethiopia will no longer be required to allocate a fixed share of their loan port....
The National Bank of Ethiopia (NBE) has removed the minimum savings deposit interest rate while main....
Shabelle Bank is a fully licensed commercial bank in Ethiopia, which conducts all its operations und....
The Ethiopian Securities Exchange is pushing to list up to nine companies before September, as regul....
Dashen Bank reported a pre-tax profit of 6.7 billion birr for the fiscal year ended June 2025, a 5.0....
Ethiopia’s birr remains among the weakest-performing currencies globally in 2025, reflecting conti....
Nib Insurance Company reported a pre-tax profit of 457.9 million birr for the fiscal year ending in ....
Siinqee Bank has green-lit an ambitious five-year capital expansion initiative, increasing its capit....
Hijra Bank S.C. reports strong interest from foreign investors seeking equity stakes ranging from 5 ....
Ethiopia’s capital market regulator is signaling a softer, more supportive approach toward compani....
Zenith Bank Plc, one of Africa’s largest lenders, is exploring entry into Ethiopia’s newly liber....
Ethiopia presents a study in contrasts for the international business community. Endowed with vast r....
The structured Foreign Exchange auctions have demonstrably impacted the official USD-ETB (Ethiopian ....
In a deliberate move to strengthen its global presence and connect with new communities, Bank of Ame....
The global gold price is showing a recent decline after a period of record highs, while the price in....
Ethiopia’s capital market will unlock a new chapter for the country's financial sector. If you're ....
the National Bank of Ethiopia (NBE) has made public a new set of reforms to further improve the func....
This proposal addresses critical challenges hindering the development of the technology sector in Et....
How to Start Investing in Ethiopia: A Easy-Peasy Guide for Businesses Looking to invest in Ethiopia....
Breaking News: "Such a Scenario Is Not Even Possible For Any Other Developing Country Until Bank Run....
The interbank money market platform, which will be exclusively hosted on ESX's electronic trading pl....
Imagine a world where your business dreams are no longer shackled by the need for collateral when se....
Their newly signed five-year agreement between them signifies a substantial advance in the major lea....
Negotiation between nations and the International Monetary Fund (IMF) are pivotal moments that can s....
The recent inflation rate in Ethiopia has seen a notable decrease. As of March 2024, the annual infl....
Ethiopia's economy is on a journey marked by growth and challenges. The government reports a robust ....
National Bank of Ethiopia has categorized commercial banks into three distinct groups based on the ....
Amhara Bank has secured a significant stake in the Ethiopian Securities Exchange (ESX), signaling a ....
The International Monetary Fund (IMF) has been actively engaged in discussions aimed at bolstering E....
Zemen is a powerhouse in the world of finance, known for its progressive outlook and commitment to e....
In a significant milestone, Ethiopia has emerged as a regional energy powerhouse, earning more than....
Commercial Bank of Ethiopia (CBE) faced a significant challenge as its systems encountered a major f....
In a recent turn of events, Ethiopia faces deepening economic challenges, marked by a default on a $....
Addis Ababa, November 1, 2023 – In a significant move towards fostering unity and collaboration wi....
BII and FMO Announced that they have provided a loan of 20 million dollars each for a total of 40 mi....
The total insurance coverage of the Ethiopian insurance corporation, which holds the largest market ....
In the 2015 fiscal year, the government, which was faced with a huge budget deficit, found that the ....
The National Bank of Ethiopia lifted the restriction on the bank account activity of the Amhara regi....
Dashen Bank international prepaid card in collaboration with Mastercard, in addition to the usual na....
The National Bank of Ethiopia, which has been announcing policy reforms to stabilize the financial s....
National Bank of Ethiopia announced Monetary Policy Reform Initiative for Inflation Control ....
The Development Bank of Ethiopia announced that even if the Bank has sufficient financial arrang....
Safaricom and United Bank of Ethiopia signed agreement on the M-pesa service ,the agreement includes....
The Commercial Bank of Ethiopia made an unadjusted profit of 20.6 billion birr in its 2015 E.C. fina....
The National Bank announced that it is to stabilize inflation in the short term on the 20th internat....
The new value-added tax bill, which has been in force for more than 20 years, will be submitted to t....
Oromia Bank was awarded the ESQR International Diamond Quality Excellence Award for the 2nd time.....
Ethiopian government allows foreign exchange guarantees For foreign companies engaged in joint ventu....
Sidama Bank officially start its operation on the day of julay 3/2023 with one point five billion bi....
Zemzem Bank, the pioneer in starting a completely interest-free bank in Ethiopia, has announced that....
National Bank announced that about five foreign Banks would be licensed to enter the country and pro....
Amhara Bank has announced that its paid-up capital has reached 6 billion birr. The bank is celebrati....
Safaricom Ethiopia is conducting the necessary tests in its facility before the official launch of t....
the deputy governor stated that there is no shortage of cash, but as the country has come out of man....
Insurance companies in Ethiopia has reported an objection to the Ministry of Revenue, regarding re....
The Ethiopian finance minister has announced that the required criteria which for establishment of n....
Awash Bank had a closing ceremony held for the entrepreneurship competition called “tatariwochu”....
The member countries of BRICS met in Cape Town, South Africa, and focus on creating an additional c....
Ethiopian Banks facing a shortage of cash, Banks are not providing services to their customers who ....
The US dollar losing its value on world trade after 20 years, In the year 2022, 90 percent of the ....
the American international Development finance corporation DFC is going to invest 257 million dollar....
Ministry of Ethiopia holds Authorization for all tax types, classification,lead, and collection, the....
Ethiopia is planning to implement currency float system as part of the second homegrown strategy, wh....
Awash Bank got listed as one of the best Banks for the second time by being the only representative ....
Safaricom Ethiopia, which has completed one year since it started providing services in Ethiopia, ha....
Amigos saving and credit cooperative which has recently celebrated its 10th anniversary is now offer....
Ethiopia welcoming foreign investors to the Banking sector, Ethiopian government is going to grant....
National Bank of Ethiopia stated that insurance coverage will be provided to those who have deposi....
Gold entering the National Bank has decreased compared to its previous record, the bank informed tha....
Telebirr and its digital monopoly on main financial sectors of the country ,positive and negative ef....
M-Pesa, the known Safaricom money transfer and trading system will be receiving its license in two w....
CBE Birr and Fuel Up, the two digital applications service start has been launched by the Commercial....
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National Bank of Ethiopia has announced the establishment of the Ethiopian Deposit Insurance Fund. T....
IMF and World Bank will be advising about the bilateral currency that's going on in Ethiopia on the ....
Gada bank announced its official signed collaboration with Ethiopian community Associations of sou....
Hibret Bank participated at Opportunities Coalition Council discussion forum and stated about th....
ETHSwitch partners with Master card to drive digital payments which will be a great transformati....
Lion Bank launched a digital services app that allows it to provide digital credit services without ....
KCB Group is considering to buy a stake from Ethiopian bank, KCB Group is a licensed banking insti....
The National Intelligence and Security Service and the National Bank have announced that they will t....
The National Bank of Ethiopia policy reform is going to be announced soon ; the Bank stated that it ....
Bank of Abyssinia upgraded its all system to the latest version.the Bank have been facing problems....
Amhara Bank has announced the implementation of interest-free banking called "Merhaba Banking System....
Currency exchanges at some banks of Ethiopia is exceeding the black market price, one USA dollar is ....
There are More than 20+ new banks in Ethiopia are under formation following to qualification rule an....
The Commercial Bank of Ethiopia (CBE) has increased the interest rate it has been using for years.....
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The National Bank of Ethiopia approved a new directive, effective on February 1, 2023, preventing ba....
The National Bank of Ethiopia is putting its focus on the country's macroeconomic activity. In the m....
CBE a reported that they had gained almost 13 billion ETB profit before tax in the past six months. ....
The Commercial Bank of Ethiopia has announced a digital solution for sending money abroad called 'Et....
The National Bank of Ethiopia issued a new guideline that requires microfinance institutions or smal....
Banks in Ethiopia are impacted by the black market more and more nowadays. As the exchange rate incr....
The National Bank of Ethiopia announced that it has begun to prepare following the announcement of f....
The annual report for banks in Ethiopia's financial performance for the budget year 2021/22 was rele....
Arifpay, Ethiopia's 1st digital payment gateway, is a bank-led model that offers payment gateway sol....
The private commercial bank that has been named Debub Global Bank for 9 years has decided to change ....
Wegagen Bank has been deeply affected by the Northern Ethiopia war for the past two years. After the....
Awash Bank, one of the largest private banks in the country, has declared its launch of credit card ....
The black market for foreign exchange in Ethiopia has been exhibiting a rapidly increasing gap from ....
Chapa Financial Technologies S.C is an Ethiopian financial service and data engineering startup th....
Oromia International Bank S.C. (OIB), established in Ethiopia on September 18, 2008, has been the be....
Abyssinia Bank has been striving to spread its motto, “A choice for all” in as many sectors as p....
Tsedey Bank, previously known as Amhara Credit and Savings Institution (ACSI), has officially begun ....
Foreign bank entry into Ethiopia, long anticipated by some and feared by others, was legalized this ....
The National Bank of Ethiopia was inaugurated in 1963 to engage in the singular task of central bank....
After two years of preparations, Amhara Bank S.C was officially inaugurated on June 18, 2022, at its....
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Ethio telecom launched telebirr new mobile wallet solution. Ethio telecom telebirr services enable y....
Commercial bank of Ethiopia the bank that you can always rely on has been earned 13.4 billion birr p....
Lone offer in Ethiopia through the collaboration of master card foundation, financial institutions, ....
ZamZam Bank, Ethiopia's first Islamic bank to start its operation in early 2021....
The Ethiopian Financial Intelligence Center (EFIC) has reported that financial crimes, including ill....
Urgent, don't forget to change your Ethiopian birr to the new note before times runs out ....