BIT Mining to Acquire 51-Megawatt Ethiopian Crypto Mining Centers for $14.28 Million
BIT Mining Limited (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, has announced a landmark acquisition aimed at expanding its operations into Ethiopia, one...
Ethiopia, Djibouti, and Sudan Forge Groundbreaking Telecom Partnership to Boost Africa’s Digital Future
In a significant step toward advancing Africa's digital transformation, telecom giants Ethio Telecom, Djibouti Telecom, and Sudatel have announced a strategic partnership aimed at...
Ethiopia’s Fashion Stars Shine in Creative DNA: Ethiopia 2.0
The Creative DNA Fashion Programme, spearheaded by the British Council and implemented in partnership with Creative Hub Ethiopia and iceaddis, celebrated the successful conclusion...
NBE Prepares to Announce Credit Cap Reform Amid Inflation Ease
In an effort to relieve inflation, the National Bank of Ethiopia (NBE) has introduced a 14 percent cap on credit growth for commercial banks....
28 Ethiopian Banks Reportedly Defrauded of 1.3 Billion Birr in One Year
It has been reported that 28 Ethiopian banks lost a total of 1.3 billion birr to fraudsters in the past year. This figure represents...
Ethiopia’s Financial Sector: A Deep Dive into Stability, Growth, and Emerging Opportunities
The National Bank of Ethiopia (NBE) has unveiled its second Financial Stability Report, offering a comprehensive analysis of the country’s financial system during the...
