National Bank of Ethiopia Announces $150 Million Forex Auction to Ease Currency Pressure
In a move signaling increased momentum in foreign currency management, the National Bank of Ethiopia (NBE) has announced plans to hold its ninth foreign...
A $4.5 Billion Drop Overnight: What’s Behind the Shake-up of Al Amoudi’s Empire?
A Deal that Reshaped a Billionaire's Empire: How the Sale of Preem Erased $4.5B from Al Amoudi's Net Worth
ADDIS ABABA – A dramatic plunge...
Russia Turns to Ethiopian Airlines for Aircraft Amid Western Sanctions
Addis Ababa | August 3, 2025
As Western sanctions continue to isolate Russia’s aviation sector, Moscow is turning its gaze toward Africa—specifically, Ethiopian Airlines—as a...
National Bank of Ethiopia Warns Diaspora Against Using Unlicensed Money Transfer Operators
Addis Ababa, August 2, 2025 —In a stern public advisory issued today, the National Bank of Ethiopia (NBE) has warned the Ethiopian diaspora community...
National Bank of Ethiopia Urges Local Banks to Brace for Foreign Competition
“Many Foreign Banks Are Applying for Licenses,” Says Governor Mamo Mihret
The Governor of the National Bank of Ethiopia (NBE), Mamo Mihret, has called on...
Addis Ababa’s Arat Kilo Plaza Emerges as a Modern Urban Landmark
Innovative and People-Centered Projects Take Shape in Addis Ababa
Addis Ababa Mayor Adanech Abebe has reaffirmed the city administration's commitment to advancing inclusive and participatory...
