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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...
Visa, SantimPay to Deploy 20,000 POS Terminals in Ethiopia
Addis Ababa – Global payments giant Visa Inc. has entered into a strategic partnership with Ethiopian fintech firm SantimPay Financial Solutions S.A. to deploy...
Why Ethiopia Became the World’s No. 1 Target for Cyberattacks
In 2025, Interpol released its Africa Cyberthreat Assessment Report, offering a granular view of the evolving landscape of cyber threats across the continent. One...
Ethiopia 2025: U.S. Report Flags Reforms and Corridor Risks
The U.S. State Department’s 2025 Investment Climate Statement on Ethiopia paints a picture of a country pulling in two directions at once: a government...