Uganda has officially commenced its first commercial export of processed beef to Ethiopia, marks a significant…
Category: Business and Economy
Zamzam Bank Secures Ethiopia’s Capital Market License to Boost Expansion
Zamzam Bank Sh.Co., Ethiopia’s first fully interest-free banking service provider, has officially secured a capital market…
IMF Approves $464 Million Disbursement to Ethiopia Following Economic Review
The Executive Board of the International Monetary Fund (IMF) has approved a $464 million disbursement to…
Awash Bank Records Historic 40.7 Billion Birr Gross Profit Following Policy Reforms
Awash Bank has announced a record-breaking gross profit before provision and tax of 40.7 billion Birr…
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…