Wegagen Bank Secures $85M Trade Finance Boost from TDB and Afreximbank
Wegagen Bank has secured an $85 million international trade finance guarantee facility through partnerships with the Eastern and Southern African Trade and Development Bank...
Ethiopia’s Halal Meat Exports Surge to $120 Million, Driven by Gulf Demand
Ethiopia has recorded a sharp increase in earnings from halal meat and livestock by-product exports, generating $120 million in the fiscal year ending June...
Ethiopian Airlines Reports Record $7.6 Billion Revenue in 2025 Fiscal Year
Ethiopian Airlines Group, Africa’s largest and most profitable carrier, has announced a record-breaking annual revenue of over $7.6 billion for the 2017 Ethiopian fiscal...
National Bank of Ethiopia Announces $150 Million Forex Auction to Ease Currency Pressure
In a move signaling increased momentum in foreign currency management, the National Bank of Ethiopia (NBE) has announced plans to hold its ninth foreign...
Sheraton Addis Reaches Key Renovation Milestone as Marriott Approves Mock-Up Room
Sheraton Addis Reaches Key Renovation Milestone as Marriott Approves Mock-Up Room: A Blend of Legacy, Luxury, and Global Standards
Addis Ababa, Ethiopia – August 4,...
A $4.5 Billion Drop Overnight: What’s Behind the Shake-up of Al Amoudi’s Empire?
A Deal that Reshaped a Billionaire's Empire: How the Sale of Preem Erased $4.5B from Al Amoudi's Net Worth
ADDIS ABABA – A dramatic plunge...