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Ethiopia and World Bank Sign $400 Million Financing Agreement
July 27, 2023
The Government of the Federal Republic of Ethiopia and the World Bank signed a Financing Agreement amounting to a total of 400...
CBE Soars to 1.1 Trillion Birr in Deposits, Surpasses Target by 18.3%
Commercial Bank of Ethiopia (CBE) has announced that it has made a remarkable achievement in the 2015 Ethiopian fiscal year, with its deposits soaring...
Telebirr Transactions Soar 22.6 Folds to 679.2 Billion Birr
Ethio Telecom's mobile money platform, Telebirr, has seen its transactions soar 22.6 folds to 679.2 billion birr ($2.8 billion) in the latest year. This...
M-Pesa to Launch in Ethiopia in September, Boosting Financial Inclusion
Safaricom, the Kenyan mobile network operator, is set to launch its M-Pesa mobile money service in Ethiopia in September 2023. The launch of M-Pesa...
New Director General Appointed to Ethiopian Immigration Service Amid Passport Shortage
Prime Minister Abiy Ahmed Removes Three Senior Leaders
Prime Minister Abiy Ahmed has removed three senior leaders of the Immigration and Citizenship Service, including the...
Ethiopia Seeks Port Access Through Negotiations and Force
Addis Ababa, Ethiopia - Prime Minister Abiy Ahmed has announced that the Ethiopian government is exploring all options to secure a port for the...