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National Bank of Ethiopia Grants Licenses to Five Non-Bank Foreign Exchange Offices
Addis Ababa, September 30, 2024 — The National Bank of Ethiopia (NBE) has officially granted operating licenses to five independent, non-bank foreign exchange bureaus....
Dr. Emebet Melese Takes Charge as President of the Ethiopian Development Bank
Dr. Emebet Melese was appointed as the President of the Ethiopian Development Bank.
It has been reported that Dr. Emebet Melese, who was recently appointed...
Commercial Bank of Ethiopia Introduces VAT on Financial Services Amid World Bank-Supported Bailout
The Commercial Bank of Ethiopia (CBE) has introduced value-added tax (VAT) on various financial services as part of its efforts to comply with the...
Ethio Telecom Announces New Tariff Adjustments Effective Tomorrow
Ethio Telecom, the state-owned telecom provider, has announced that tariff adjustments for certain products and services will take effect starting tomorrow, Meskerem 21, 2017...
Chinese Investors Shift Operations to Neighboring Nations Due to Growing Challenges
Chinese investors, who have played a crucial role in Ethiopia’s economic development, are increasingly shifting their business operations to neighboring countries such as Kenya,...
Ethiopia’s Tigist Ketema and Milkesa Mengesha Capture Victory at 2024 Berlin Marathon
Ethiopian athletes once again asserted their dominance in long-distance running at the 2024 Berlin Marathon, with Milkesa Mengesha winning the men's race and Tigist...