The Ethiopian Electric Utility (EEU) has officially signed a 3 billion Birr grid rehabilitation agreement with…
Category: Business and Economy
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…
Ethiopia to Ban Uncertified Professionals from Construction Sector
Ethiopia is set to ban all construction professionals who lack official competency certification from participating in…
Binance Restores Access in Ethiopia Following Regulatory Engagement
The world’s largest cryptocurrency exchange, Binance, has successfully restored access to its platform for users in…
Ethiopia Sees Rapid Digital Finance Growth Amid Escalating Cyber Security Risks
Ethiopia’s digital finance sector is experiencing unprecedented growth, compressing decades of traditional financial evolution into a…
Addis Ababa City Administration Approves 502.27 Billion Birr Draft Budget for 2019 EFY
The Addis Ababa City Administration Cabinet has officially approved a draft budget of 502.27 billion Birr…
Ethiopian Government Offices Face Over 16.3 Billion Birr in Unreconciled Arrears
More than 16.3 billion Birr in unreconciled outstanding accounts has been uncovered across 138 federal…
CBE and EIC Forge Historic Partnership to Advance Ethiopia’s Financial Sector
The Commercial Bank of Ethiopia (CBE) and the Ethiopian Insurance Corporation (EIC) have signed a historic…
NBE Forex Auction: Commercial Banks Demand Over $236M Against $100M Supply
Commercial banks requested over $236 million during a special foreign exchange auction today, vastly outstripping the…