EthioTelecom Aims to Expand Telebirr Service to 55 Million Subscribers by 2025
EthioTelecom, a cornerstone of Ethiopia’s telecommunications industry for over 130 years, has unveiled ambitious plans for the 2024/25 fiscal year, entering the third year...
Ethiopian Airlines Expands African Network with Daily Service to Port Sudan
Ethiopian Airlines is delighted to announce the launch of a daily flight service to Port Sudan, Sudan, commencing on October 15, 2024. This strategic...
Dr. Yohannes Ayalew Appointed CEO of Amhara Bank
Dr. Yohannes Ayalew has been appointed as the new CEO of Amhara Bank , effective September 13, 2024. This announcement came following his voluntary...
Ethiopia’s Banking Sector Reaches Trillion-Birr Milestone: A Financial Achievement in 2016
Ethiopia’s financial sector has remained robust by all standards over the last fiscal year, according to recent reports. A few months ago, the National...
Ethiopia’s Money Market Auctions in Decline: Fewer Banks, Bigger Bids, and What’s Next
Participation in Ethiopia’s open market operation (OMO), the central money market auction introduced by the National Bank of Ethiopia (NBE) in July, has steadily...
National Bank Opens Doors for Foreigners to Hold Dollar Accounts Amid Ethiopia’s Currency Reforms
The National Bank of Ethiopia has announced that it has completed the process of granting permission to Foreign Exchange Offices, a move that comes...
