MIDROC Investment Group has signed a historic $80 million long-term loan agreement with the International Finance…
Category: Business and Economy
Prosperity Party Dominates 24 Constituencies in Recent Election Results as Opposition Secures Few Seats
The Prosperity Party (PP) has secured the vast majority of seats across 24 constituencies, while opposition…
Council Approves 2.33T Birr Ethiopian Next Budget
The Ethiopian Council of Ministers has officially approved a historic 2.33 trillion birr draft budget for…
NBE Permits Embassies and Investors to Import Fuel via Franco-Valuta
The National Bank of Ethiopia (NBE) has officially implemented a new directive authorizing foreign embassies, international…
Ethiopia Grants First Foreign Investment Banking License to Nigeria’s United Capital
The Ethiopian Capital Market Authority (ECMA) has issued the country’s first foreign investment banking license to…
Federal Police Detain Suspect in “Viva Soft” Trademark Infringement Investigation
The Federal Police Crime Investigation Bureau has announced the arrest and investigation of a suspect, Mr.…
IMF and Ethiopia Reach Staff-Level Agreement to Unlock $468 Million Loan
The International Monetary Fund (IMF) and the Ethiopian government have reached a staff-level agreement on economic…
Middle East Conflict Strains Ethiopia’s Meat and Livestock Export Sector
The ongoing conflict involving the United States, Israel, and Iran has cast a shadow over Ethiopia’s…
NBE Issues New Franco-Valuta Directive to Digitize Framework and Curb Illicit Flows
The National Bank of Ethiopia (NBE) has officially enacted a comprehensive new directive to regulate…
Telegram Wallet to Halt Ethiopian Birr P2P Crypto Trading Following Regulatory Alignment
In a major development for the local digital currency landscape, Wallet, the prominent cryptocurrency platform…