The National Bank of Ethiopia today announced the complete removal of the restriction previously imposed on private banks in the country from issuing export trade permits for products shipped to the People’s…
Ethiopia launched an ambitious economic reform program at the start of the 2024/25 budget year, backed by international partners such as the IMF and World Bank. Nearly two years on, the reforms…
The National Bank of Ethiopia (NBE), financial sector governing body of the country, says digital financial transaction has been growing fast reaching 18.5 trillion Birr in one year (June 2024 -June 2025).
Taking a bold move the National Bank of Ethiopia (NBE), the central bank in charge of regulating the financial system of the country, removes on Wednesday most of decades old restrictions on…
BY YANET FANTAYE WOGAYEHU – For the first time in the country’s history, the National Bank of Ethiopia (NBE), the financial sector regulatory body of the country, has begun accepting applications from…
The Government of Ethiopia today announced liberalization of the forex market, which immediately resulted in about 31 percent devaluation of the country’s currency – Birr against major currencies.
The Central Bank of United Arab Emirates (CBUAE) and the National Bank of Ethiopia (NBE) sign currency swap agreement and MoUs to promote the use of domestic currencies and interlink their payment…
The total assets of Dashen Bank, one of the biggest private banks in Ethiopia, has grown up 24.7 percent the fiscal year concluded June 30,2023 reaching 144.6 billion Birr.
By Muluneh Gebre – The National Bank of Ethiopia (NBE) has announced that it has increased the amount of forex that exporting firms can retain after exporting commodities from 30 to 50…
Efforts are underway to develop Ethiopia’s financial market as the government prepares to launch securities exchange in 2024.
The Office of the Prime Minister of Ethiopia today announced the appointment of Mamo Mihretu as the new governor of the National Bank of Ethiopia.
The ongoing conflict and war in the northern part of Ethiopia has led to 9.8 percent decline in primary and middle school enrollment last budget year of Ethiopia 2020/21 – concluded July…
Ethiopia’s Government total outstanding treasury bills (T-bills) has increased by close to 500 percent in 2020/21 to 116.6 billion Birr compared to the previous year.
The Government of Ethiopia forecasted 8.7 percent economic growth for the current Ethiopia’s budget year started July 8, 2021.