NBE Eases Trade Finance Rules and Rationalizes Letter of Credit Fees in Latest FX Reform
ADDIS ABABA, ETHIOPIA — May 25, 2026 — In a significant move to streamline international trade and reduce bureaucratic bottlenecks, the National Bank of...
Ethiopia to Halt Ceramic Imports Next Year, PM Abiy Announces at Grandeur Factory Launch
MOJO, ETHIOPIA – Prime Minister Abiy Ahmed has announced that Ethiopia will completely substitute ceramic imports with domestic production starting next year. The declaration...
Ethiopia Unveils Plan to Export Oil and Gas Through Djibouti
The Horn of Africa is on the verge of a major energy boom. Following high-level talks at the Presidential Palace in Djibouti, leaders from...
Global Influencer Dylan Page Arrives in Ethiopia
Social Media Influencer Dylan Page Arrives in Addis Ababa as City Becomes Global Creator HubADDIS ABABA — The globally recognized and highly influential social...
Banks Fight for Dollars: Birr Plummets Near 160/USD in Massive NBE Auction
ADDIS ABABA — The National Bank of Ethiopia (NBE) today concluded its highly anticipated special foreign exchange auction, revealing an intense, highly competitive scramble...
National Bank of Ethiopia Announces Massive $500 Million Special FX Auction
ADDIS ABABA — In a major move to inject deep liquidity into the financial sector, the National Bank of Ethiopia (NBE) announced late Monday...
