Commercial Bank of Ethiopia Strikes North America Remittance Deal With Ramad Pay
The Commercial Bank of Ethiopia (CBE), the country’s largest financial institution, has signed a memorandum of understanding (MoU) with Ramad Pay, a North America–based...
Ethiopian Interbank Money Market Hits 1 Trillion Birr in Cumulative Trades
Addis Ababa — Ethiopia’s interbank money market has crossed a symbolic threshold, with cumulative trades surpassing 1 trillion birr less than a year after...
Ethiopia Inks Nuclear Deal With Russia in Energy Sovereignty Push
Ethiopia and Russia have signed a landmark action plan to begin constructing Ethiopia’s first nuclear power plant, a project poised to reshape the East...
Ethiopia Unveils Record 1.93 Trillion Birr Citizens’ Budget to Power Post-War Recovery and Growth
Addis Ababa — Ethiopia’s Ministry of Finance has released a record-breaking 1.93 trillion birr ($33.7 billion) national budget for the Ethiopian Fiscal Year (EFY)...
Ethiopia’s T-Bill Market Draws Heavy Bids as Finance Ministry Reforms Gain Traction
Addis Ababa — Ethiopia’s Treasury-bill market is attracting record investor interest after a series of debt-market reforms, signaling a new phase of domestic borrowing...
Addis Ababa Police Announce Road Closures for Meskel Demera Festival
The Addis Ababa Police Headquarters has advised motorists to plan ahead and use alternative routes on Monday, September 16, as the city prepares for...