Dashen Bank Secures $40 Million Trade Finance Guarantee from African Development Bank
Addis Ababa, 09 August 2024 – The African Development Bank Group (AfDB) has approved a $40 million trade finance transaction guarantee facility for Dashen...
Shewaber Rewards Secures Investment at $600K Valuation, Sets Sights on Major Expansion
Addis Ababa, Ethiopia – August 9, 2024 – Shewaber, the pioneering Restaurant Loyalty Reward Platform in Ethiopia, has successfully secured an investment at a...
Dr. Brook Taye Steps Down; Hana Tehelku Appointed New Director General of Ethiopian Capital Market Authority
Ethiopian Capital Market Authority Announces Leadership Change
In a significant shift at the Ethiopian Capital Market Authority (ECMA), Dr. Brook Taye is stepping down after...
NBE Opens Applications for Independent Forex Bureaus in Ethiopia
Addis Ababa, Ethiopia - August 8, 2024 - The National Bank of Ethiopia (NBE) has officially commenced the acceptance of applications for Independent Foreign...
National Bank of Ethiopia Announces Results of Special FX Auction: Highest Bid at Birr 107.9 per USD
Addis Ababa, August 7, 2024 - The National Bank of Ethiopia (NBE) has successfully concluded its Special Foreign Exchange (FX) Auction, revealing a weighted...
Ethiopian Oil Supply Company to Receive $670 Million from National Bank of Ethiopia
It has been announced that the Ethiopian Oil Supply Company, which buys and supplies the fuel the country needs from abroad, will receive 670...
