IMF Sets Critical Deadlines and Preconditions for Ethiopia’s Access to Extended Credit Facility Funds
The International Monetary Fund (IMF) has laid out a series of critical deadlines and stringent preconditions that Ethiopia must meet to access funds under...
Ethiopian Securities Exchange Partners with Infotech Private Limited to Launch Advanced Trading Technology
Addis Ababa, Ethiopia – In a groundbreaking move, the Ethiopian Securities Exchange (ESX) has signed two pivotal technology agreements with Infotech Private Limited, a...
Dr. Brook Taye Steps Down; Hana Tehelku Appointed New Director General of Ethiopian Capital Market Authority
Ethiopian Capital Market Authority Announces Leadership Change
In a significant shift at the Ethiopian Capital Market Authority (ECMA), Dr. Brook Taye is stepping down after...
National Bank of Ethiopia Announces Results of Special FX Auction: Highest Bid at Birr 107.9 per USD
Addis Ababa, August 7, 2024 - The National Bank of Ethiopia (NBE) has successfully concluded its Special Foreign Exchange (FX) Auction, revealing a weighted...
Ethiopian Oil Supply Company to Receive $670 Million from National Bank of Ethiopia
It has been announced that the Ethiopian Oil Supply Company, which buys and supplies the fuel the country needs from abroad, will receive 670...
Ethiopia’s Real Estate Response to the Recent Foreign Currency Reform
In a major economic move, the National Bank of Ethiopia has shifted from a decades-long, fixed exchange rate to a market-based foreign exchange rate....
