Taking a bold move the National Bank of Ethiopia (NBE), the central bank in charge of regulating the financial system…
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Ethiopia to issue forex bureau licenses
BY YANET FANTAYE WOGAYEHU – For the first time in the country’s history, the National Bank of Ethiopia (NBE), the…
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Ethiopia devalues its Birr 31 percent
The Government of Ethiopia today announced liberalization of the forex market, which immediately resulted in about 31 percent devaluation of…
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Ethiopia, UAE ink currency swap agreement
The Central Bank of United Arab Emirates (CBUAE) and the National Bank of Ethiopia (NBE) sign currency swap agreement and…
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Dashen Bank of Ethiopia assets up 25 percent
The total assets of Dashen Bank, one of the biggest private banks in Ethiopia, has grown up 24.7 percent the…
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Ethiopia increases exporters’ forex retention to 50 percent
By Muluneh Gebre – The National Bank of Ethiopia (NBE) has announced that it has increased the amount of forex…
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Ethiopia set to launch securities exchange
Efforts are underway to develop Ethiopia’s financial market as the government prepares to launch securities exchange in 2024.
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Ethiopia appoints new national bank governor
The Office of the Prime Minister of Ethiopia today announced the appointment of Mamo Mihretu as the new governor of…
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Ethiopia conflict causes 10 percent decline in school enrolment
The ongoing conflict and war in the northern part of Ethiopia has led to 9.8 percent decline in primary and…
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Ethiopia outstanding treasury bills up 500 percent
Ethiopia’s Government total outstanding treasury bills (T-bills) has increased by close to 500 percent in 2020/21 to 116.6 billion Birr…
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Ethiopia economy set to grow 8.7 percent this year
The Government of Ethiopia forecasted 8.7 percent economic growth for the current Ethiopia’s budget year started July 8, 2021.
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Bunna Bank of Ethiopia introduces new logo
Bunna Bank, one of the private financial institutions in Ethiopia, today announced rebranding itself with a new logo and color.
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