Arabica Coffee Hits Record High, Signaling Global Market Shifts
Arabica coffee prices have soared to unprecedented levels, marking a historic milestone in the global coffee market. According to data from ICE Futures, the...
Ethiopia Capital Market Authority Tightens Exchange Oversight
ECMA Mandates Independent Oversight for Exchanges, Details Strict New Supervision and Reporting Framework
ADDIS ABABA — The Ethiopian Capital Market Authority (ECMA) has released a...
NBE Issues Directive to Prevent Use of Personal or Third-Party Accounts for Commercial Transactions
Addis Ababa, October 2025 — The National Bank of Ethiopia (NBE) has issued a stern directive to all banking institutions to crack down on...
CBE’s New Service Fees Spark Outcry as 50 Birr Charges Hit Small Transfers
ADDIS ABABA – The Commercial Bank of Ethiopia’s (CBE) newly adjusted service fees officially took effect today, and early customer reactions on social media...
Abyssinia Bank Reports Record Growth: Total Assets Surge to 286.2 Billion Birr
Abyssinia Bank has reported its strongest financial performance to date, with total assets reaching 286.2 billion birr ($5.1 billion), marking a 28.8% year-on-year increase...
Ethiopia Opens Restricted Eurobond Talks in Paris as Debt Restructuring Gains Momentum
Addis Ababa/Paris – Ethiopia has entered into confidential negotiations with a group of its international bondholders to restructure its $1 billion Eurobond, signaling the...