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CBE, Dashen, and Awash Intensify Competition to Win Forex-Hungry Clients
With Ethiopia’s foreign exchange landscape gradually stabilizing, domestic banks are entering a new phase of competition—offering increased access to forex for businesses, travelers, and...
Ethiopian Electric Power Reports Record 75.4 Billion Birr Revenue as GERD Powers Energy Boom
Addis Ababa, August 1, 2025 (FMC) — The Ethiopian Electric Power (EEP) has reported a historic 75.4 billion birr (~$1.3 billion USD) in revenue...
National Bank of Ethiopia: $500M Monthly Forex Flow Now Available Through Banks
Addis Ababa, July 30, 2025 (FMC) — The Governor of the National Bank of Ethiopia (NBE), Ato Mamo Mehretu, has called on the business...
National Bank of Ethiopia Issues Stern Warning to Illegal Money Transmitters Operating in UAE
Addis Ababa, Ethiopia – The National Bank of Ethiopia (NBE) has issued a strong warning against unauthorized money transmitters operating from the United Arab...
New Bus Line Connects Nairobi and Addis Ababa with Round-Trip Fare of 16,000 Birr
August 6, 2025 | Addis Ababa / Nairobi — A new cross-border ground transportation service has officially launched between Nairobi, Kenya and Addis Ababa,...
Ethiopia’s Digital Creators Struggle for Inclusion in the Global Monetization Game
Ethiopia is witnessing a digital revolution. From TikTok comedians in Gonder to YouTube educators in Hawassa and Instagram stylists in Addis Ababa, a new...