Proposed Bill Enforces 80% Completion Requirement for Real Estate Sales
Real estate developers who sell houses before construction begins must deposit the money they collect in a closed bank account. They are also prohibited...
Ethio Telecom Hikes International Call Rates by 658% Amid Rising Costs
Ethiopia’s state-owned telecom provider, Ethio Telecom, has announced a significant tariff increase across its services, citing rising operational expenses due to the country’s new...
National Bank of Ethiopia Allocates $175 Million to Support Foreign Exchange Market
Addis Ababa, October 3, 2024 – The National Bank of Ethiopia (NBE) has announced a major allocation of $175 million to the foreign exchange...
National Bank of Ethiopia Grants Licenses to Five Non-Bank Foreign Exchange Offices
Addis Ababa, September 30, 2024 — The National Bank of Ethiopia (NBE) has officially granted operating licenses to five independent, non-bank foreign exchange bureaus....
Dr. Emebet Melese Takes Charge as President of the Ethiopian Development Bank
Dr. Emebet Melese was appointed as the President of the Ethiopian Development Bank.
It has been reported that Dr. Emebet Melese, who was recently appointed...
IMF and Ethiopia Reach Preliminary Agreement on $3.4 Billion Extended Credit Facility
Addis Ababa, Ethiopia – It was announced today that the International Monetary Fund (IMF) and the Ethiopian government have reached a preliminary agreement...
