Awash Bank has announced a record-breaking gross profit before provision and tax of 40.7 billion Birr…
Category: Business and Economy
Eritrea Central Bank Orders Mandatory Cash Recall by End of July
The Central Bank of Eritrea has issued a strict directive ordering all individuals and institutions to…
Commercial Bank of Ethiopia Reports Historic 80 Billion Birr Gross Profit
The Commercial Bank of Ethiopia (CBE) has announced a record-breaking gross profit of 80 billion Birr…
OLA Energy to Acquire TotalEnergies’ Assets in Ethiopia
Libya’s OLA Energy Group has signed a definitive agreement to acquire the Ethiopian assets of France’s…
Ethiopia Approves Landmark Carbon Market Proclamation to Regulation Green Investments
The Ethiopian House of Peoples’ Representatives officially approved the nation’s first Carbon Market Proclamation during its…
Ethiopia Reaches Preliminary Agreement with Bondholders on Eurobond Restructuring
The Ethiopian government has reached an agreement in principle with a committee representing approximately 45% of…
Ethiopia and Italy Sign €80 Million Deal to Boost Economy and Climate Resilience
The Government of Ethiopia and the Government of Italy have signed a €80 million financing package…
EEU Signs 3 Billion Birr Grid Rehabilitation Deal to Boost Power Reliability in Three Towns
The Ethiopian Electric Utility (EEU) has officially signed a 3 billion Birr grid rehabilitation agreement with…
Addis Chamber and ESL Sign MoU to Boost Trade and Logistics
The Addis Ababa Chamber of Commerce and Sectoral Associations (Addis Chamber) and the Ethiopian Shipping and…
Zemen Bank Officially Launches Shari’ah-Compliant ‘Z-Qemer’ Banking Service
Zemen Bank has officially launched “Z-Qemer,” a new interest-free banking service designed to provide modern financial…