Commercial Bank of Ethiopia Moves to Establish an Investment Bank
The Commercial Bank of Ethiopia (CBE) is in the process of establishing an investment bank, a move aligned with recent regulatory changes aimed at...
Ethiopia Set to Begin Electricity Exports to Tanzania via Kenya
Ethiopia is preparing to commence electricity exports to Tanzania through Kenya, marking a significant step in cross-border energy trade within East Africa.
According to Bloomberg,...
Ethiopia Approves 581 Billion Birr Supplementary Budget for 2024/25
In a significant session, Ethiopia’s Council of Ministers convened for its 40th regular meeting, deliberating on a range of pivotal issues that aim to...
Federal Government Employees to Work 48-Hour Weeks Under New Law
The Federal Government Employees Amendment Bill, a subject of intense debate, was approved yesterday by the House of Representatives. Members voiced varied opinions on...
PM Dr. Abiy Inaugurates Ethno Mining Gold Factory
Prime Minister Abiy Ahmed (Dr.) today inaugurated the Ethno Mining Gold Factory, constructed in the Gambella Regional State.
In a post on his social media...
Importers Face Delays and Risks in Ethiopia’s New Forex Regime
Floating Exchange Rate Sparks Concerns Over Exchange Rate Risk in Ethiopia
Ethiopia has recently launched a comprehensive macroeconomic reform program to tackle long-standing economic challenges...
