Ethiopia’s $1.5 Billion Gamble: How World Bank-Backed Privatization, Tax Reforms, and FX Shifts Could Transform the Economy
Addis Ababa, 29 July 2024 – In a decisive move towards economic modernization, Ethiopia is undertaking a comprehensive set of reforms with robust backing...
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...
