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Italy to Hold Italy–Africa Summit in Addis Ababa for the First Time
Italy will convene the second Italy–Africa Summit on February 13 in Addis Ababa, in a landmark move that brings the high-level forum to African...
Zemen Bank Assets Hit 106 Billion Birr as Mid-Year Profit Tops 5 Billion
Addis Ababa — Zemen Bank reported a strong first-half performance in the 2018 Ethiopian fiscal year, with total assets rising to 106 billion birr...
Ethiopian Airlines secures five-year ExxonMobil aviation lubricants supply deal
Ethiopian Airlines Group has signed a five-year agreement to source ExxonMobil aviation lubricants through Aeroservices, an authorized ExxonMobil aviation distributor, shoring up a critical...
Ethiopia’s Central Bank Clears $500 Million FX Auction at 154.82 Birr
The National Bank of Ethiopia (NBE) on Tuesday successfully completed a $500 million special foreign exchange auction, marking the largest single FX intervention since...
Commercial Bank of Ethiopia Surpasses 2 Trillion Birr in Deposits for the First Time
The Commercial Bank of Ethiopia (CBE) has crossed the 2 trillion birr total deposit mark for the first time in its history, marking a...
NBE Unleashes Record US$500 Million FX Auction in Bold Signal to Markets
Ethiopia’s central bank is set to inject an unprecedented US$500 million into the foreign exchange market, marking the largest single FX auction in the...