In a policy shift aimed at enhancing foreign currency flexibility for exporters, the National Bank of Ethiopia (NBE) announced that exporters would be allowed to retain 50 percent of the foreign ...

The funds will primarily go toward settling loans provided by Ethiopia’s largest bank to several state-owned companies, including Ethiopia Electric Power, Ethiopian Sugar Corp, and Ethiopia Railway ...

"An increase in near-term target is warranted by Ethiopia's vulnerabilities and heightened uncertainty around outlook," the ...

Ethiopia plans to issue 900 billion birr ($7.4 billion) of bonds to settle debts owed by several government-owned enterprises ...

Coming in at the bottom of Absa’s Financial Markets Index, Ethiopia needs to build up financial and legal infrastructure, ...

The World Bank's report highlights Ethiopia's need to enhance green competitiveness by adapting key sectors to climate ...

Fitch Ratings has upgraded Ethiopia’s credit rating due to easing financial pressures. In its latest rating note, Fitch ...

This decision is set to transform the lives of over 800,000 refugees in Ethiopia, a country long recognized for its open-door policy, but now taking a bold step toward economic inclusion. In ...

Ethiopia considers social protection as a core component of national development, remaining at the center of public policy, Minister of Women and Social Affairs Ergogie Tesfaye said.

According to the data of the National Bank, gold production is one of the export products that play a key role in Ethiopia's economy. A few years ago, more than 600 million dollars was earned from ...

Edo Queens defeated Commercial Bank of Ethiopia FC 3-0 in the 2024 CAF Women's Champions League opener. Emem Essien, ...

After 14 years of hard work, Yejotework “Jote” Mulat opened Café Jote, an Ethiopian coffee shop, in August. Since then, the new West Bank coffee shop has found its footing as a student favorite and an ...