National Bank of Ethiopia Allocates $175 Million to Support Foreign Exchange Market
Addis Ababa, October 3, 2024 – The National Bank of Ethiopia (NBE) has announced a major allocation of $175 million to the foreign exchange...
Ethiopian Airlines Group and ETTE Sign MoU to Develop Ethiopia’s First Duty-Free Mall
Addis Ababa, October 3, 2024 – Ethiopian Airlines Group and Ethiopian Tourist Trading Enterprise (ETTE) have entered into an agreement to establish Ethiopia’s first...
Ethiopian Airlines to Launch Five New International Destinations, Including Australia, This Fiscal Year
Ethiopian Airlines, Africa's largest aviation group, is set to expand its international reach by adding five new flight destinations in the current fiscal year,...
National Bank of Ethiopia Grants Licenses to Five Non-Bank Foreign Exchange Offices
Addis Ababa, September 30, 2024 — The National Bank of Ethiopia (NBE) has officially granted operating licenses to five independent, non-bank foreign exchange bureaus....
Dr. Emebet Melese Takes Charge as President of the Ethiopian Development Bank
Dr. Emebet Melese was appointed as the President of the Ethiopian Development Bank.
It has been reported that Dr. Emebet Melese, who was recently appointed...
Commercial Bank of Ethiopia Introduces VAT on Financial Services Amid World Bank-Supported Bailout
The Commercial Bank of Ethiopia (CBE) has introduced value-added tax (VAT) on various financial services as part of its efforts to comply with the...
