Addis Ababa the second most expensive city in Africa
A report released by Statista in 2022, showed that Kampala is the most expensive city to live in in the East African region.
Dakar city...
Ethiopia stripped its 19% stake at Berbera Port
Following Ethiopia's failure to meet Somaliland government's request it lost its 19% stake in the port of Berbera.
According to the Somaliland Ministry of Finance,...
Why Banning Cryptocurrencies in Ethiopia Is a Right Move
By- Lewoye Bantie
Cryptocurrency (crypto) is defined as a decentralized digital currency intended to be used in buying or selling goods and services. Cryptocurrency is...
India’s Arvind Limited cutting down its garment production capacity in Ethiopia
India’s Arvind Limited is gradually cutting down its garment production capacity in Ethiopia with uncertainty looming over renewal of the US African Growth and...
National Bank of Ethiopia grants license to 8 new banks
National Bank of Ethiopia announces licenses to eight new banks Fraser Ayalew, Director of Banking Control at the National Bank of Ethiopia said several...
The Federal Government has allocated 12 billion birr to Tigray State
The Federal Government has allocated 12 billion birr to Tigray State out of the total budget allocation for the states for 2015.
Out of the...
