BY YANET FANTAYE WOGAYEHU – As part of the recent four-year US$ 3.4 billion Extended Credit Facility (ECF) arrangement reached between the International Monetary Fund (IMF) and the Government of Ethiopia, the…
By Anwar Hussen Mohammed – Ethiopia’s economic boom of the past decade has hit a snag – a foreign exchange (forex) shortage. This lack of readily available foreign currency hinders businesses, slows…
Bank accounts of 240 individuals, who are suspected of financing the terrorist groups – Tigray Peoples Liberation Front (TPLF) and Oromo Liberation Front (OLF-Shene) are blocked, according to the statement of the…
Ethiopian Diaspora Agency said that Ethiopians in the diaspora have sent home $1.64 billion remittance in five months of this year using legal money transfer.