MIDROC Investment Group to Build $200 Million Gold Processing Plant in Benishangul-Gumuz, Ethiopia
MIDROC Investment Group, owned by Ethiopian-born Saudi billionaire Mohammed Al-Amoudi, is investing over 26 billion Ethiopian birr (approximately US $200 million) to build a...
Ethio Telecom Claims Company is World’s Cheapest Service Provider
Frehiwot Tamiru, CEO of Ethio Telecom, took the spotlight at Parliament yesterday, answering over 200 questions from lawmakers about the company’s growth and its...
Haile Hotels & Resorts Group Unveils 10th Property in Jimma
JIMMA, ETHIOPIA – Haile Hotels & Resorts Group, a hospitality brand founded 15 years ago, has announced the completion of its newest property, Haile...
Faida Digital ID Requirement for Bank Account Openings in Addis Ababa Starts to Take Effect Today
Addis Ababa, December 23, 2017 – In a landmark move to streamline banking services and promote financial inclusion, the National Bank of Ethiopia (NBE)...
National Bank of Ethiopia Holds Policy Rate at 15% to Curb Inflation and Boost Stability
Addis Ababa, December 31, 2024The Monetary Policy Committee (MPC) of the National Bank of Ethiopia (NBE) held its inaugural meeting to evaluate the nation’s...
Tax and Tensions: Ethiopia’s Car Market Faces Unprecedented Challenges
After the shift to a market-based foreign exchange system, importers have become one of the hardest-hit groups in Ethiopia's economy. The floating exchange rate...
