Fitch Upgrades Ethiopia’s Domestic Credit Rating Amid Economic Reforms
In a significant development for Ethiopia’s financial landscape, Fitch Ratings announced an upgrade of the country's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) to...
Ethiopian Airlines Partners with South Sudan to Launch National Carrier
Ethiopian Airlines Takes Bold Step in Regional Aviation by Partnering with South Sudan to Establish National Carrier
In a historic move for regional connectivity and...
Wegagen Bank Celebrates Landmark Birr 9.8 Billion Profit, Outpacing Last Year’s Growth by 40%
Wegagen Bank has achieved record-breaking financial performance for the 2023/24 fiscal year, reporting a net income of Birr 9.8 billion and a gross profit...
Ahadu Bank has announced a pre-tax profit of more than 119 million birr.
At its 3rd Ordinary General Meeting of Shareholders held on October 30, 2017, the chairman of the bank's board of directors, Mr. Anteneh Sebsbe,...
Ethiopia’s Ministry of Finance Ends Franco Valuta Import System for Commercial Goods
The Ministry of Finance of the Federal Democratic Republic of Ethiopia has issued a directive announcing the end of the Franco valuta import system...
Ethiopia Aims for Cashless Economy with Interoperable QR Code Payment System
Ethiopia’s New Interoperable QR Code Standard Sets the Stage for a Digital Payment Revolution
Ethiopia is taking a significant step in digital finance with the...
