NBE to Launch Bi-Weekly Foreign Exchange Auctions
The National Bank of Ethiopia (NBE) has announced the commencement of a regular series of foreign exchange (FX) auctions to...
Elon Musk Says, xAI Acquires X for $33 Billion in All-Stock Deal
Elon Musk announced today that his artificial intelligence firm, xAI, has acquired X, the social media platform he rebranded from...
Ethiopian Investment Holdings Ascends to Africa’s Top Sovereign Wealth Fund
Ethiopian Investment Holdings (EIH), the strategic investment arm of the Ethiopian government, has achieved a significant milestone, securing its position...
CBE launches MasterCard payment system
The Commercial Bank of Ethiopia (CBE) has officially launched a MasterCard payment system in collaboration with global payments giant MasterCard....
Audit Reveals Major Financial Mismanagement at Ministry of Innovation and Technology
The House of People's Representatives' Public Expenditure Management and Control Affairs Standing Committee has uncovered serious financial mismanagement within the...
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