Ethiopia to Launch Fuel Transportation by Rail in Logistics Reform Push
Ethiopia will begin transporting fuel products by rail starting Tuesday, marking a major shift in how the country moves strategic imports and signaling a...
Italy to Hold Italy–Africa Summit in Addis Ababa for the First Time
Italy will convene the second Italy–Africa Summit on February 13 in Addis Ababa, in a landmark move that brings the high-level forum to African...
Zemen Bank Assets Hit 106 Billion Birr as Mid-Year Profit Tops 5 Billion
Addis Ababa — Zemen Bank reported a strong first-half performance in the 2018 Ethiopian fiscal year, with total assets rising to 106 billion birr...
Ethiopian Airlines secures five-year ExxonMobil aviation lubricants supply deal
Ethiopian Airlines Group has signed a five-year agreement to source ExxonMobil aviation lubricants through Aeroservices, an authorized ExxonMobil aviation distributor, shoring up a critical...
Ethiopia’s Central Bank Clears $500 Million FX Auction at 154.82 Birr
The National Bank of Ethiopia (NBE) on Tuesday successfully completed a $500 million special foreign exchange auction, marking the largest single FX intervention since...
Commercial Bank of Ethiopia Surpasses 2 Trillion Birr in Deposits for the First Time
The Commercial Bank of Ethiopia (CBE) has crossed the 2 trillion birr total deposit mark for the first time in its history, marking a...
