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Ethiopia Halts New Crypto Mining Power Deals to Prioritize Domestic Energy Needs
Addis Ababa – Ethiopia has moved to suspend the approval of any new electricity supply agreements for cryptocurrency mining operations, signaling a decisive shift...
AfDB to Lead $7.8 Billion Funding Drive for Africa’s Largest Airport in Bishoftu, Ethiopia
The African Development Bank Group (AfDB) has been officially tasked with mobilizing the $7.8 billion in financing needed for the construction of the Bishoftu...
The Weeknd and His Mother Bring Ethiopian Coffee Culture to the World
The Weeknd and His Mother Bring Ethiopian Coffee Culture to the World with Nespresso’s Samra Origins Blend
In a rare and deeply personal collaboration, global...
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...