The National Bank of Ethiopia (NBE) has announced a special foreign exchange auction set for August 7, 2024. This move...

The World Bank's Board of Executive Directors has approved a $1.5 billion financing package to support Ethiopia's home-grown economic reforms....

The Executive Board of the International Monetary Fund (IMF) has approved a four-year arrangement under the Extended Credit Facility (ECF)...

In a landmark move, the National Bank of Ethiopia (NBE) has announced sweeping reforms to the country’s foreign exchange (FX)...

Prime Minister Abiy Ahmed has announced key policy measures under the second phase of the Homegrown Economic Reform Program (HGER...

 "This is a scam. A legal one, to be sure. But a scam, nonetheless. A kind of technological hold-up, neither...

The National Bank of Ethiopia (NBE) has issued a new directive, effective immediately, that significantly changes the investment landscape for...

Ethiopia has attracted $3.82 billion in foreign direct investment (FDI) during the recently concluded Ethiopian fiscal year, as reported by...

Awash Bank has announced a significant increase in its profits for the 2023/24 fiscal year. According to its financial statements,...

The Central Bank of the UAE (CBUAE) and the National Bank of Ethiopia (NBE) have signed a significant currency swap...