CBE’s New Service Fees Spark Outcry as 50 Birr Charges Hit Small Transfers
ADDIS ABABA – The Commercial Bank of Ethiopia’s (CBE) newly adjusted service fees officially took effect today, and early customer reactions on social media...
Abyssinia Bank Reports Record Growth: Total Assets Surge to 286.2 Billion Birr
Abyssinia Bank has reported its strongest financial performance to date, with total assets reaching 286.2 billion birr ($5.1 billion), marking a 28.8% year-on-year increase...
Ethiopia Opens Restricted Eurobond Talks in Paris as Debt Restructuring Gains Momentum
Addis Ababa/Paris – Ethiopia has entered into confidential negotiations with a group of its international bondholders to restructure its $1 billion Eurobond, signaling the...
Visa, SantimPay to Deploy 20,000 POS Terminals in Ethiopia
Addis Ababa – Global payments giant Visa Inc. has entered into a strategic partnership with Ethiopian fintech firm SantimPay Financial Solutions S.A. to deploy...
Ethiopia 2025: U.S. Report Flags Reforms and Corridor Risks
The U.S. State Department’s 2025 Investment Climate Statement on Ethiopia paints a picture of a country pulling in two directions at once: a government...
NBE Lifts Credit Cap to 24% but Stops Short of Full Removal
Ethiopia’s Central Bank Holds Tight on Monetary Policy
Ethiopia’s central bank unexpectedly opted for a partial easing of its credit controls, lifting the ceiling on...
