Ethio Telecom Sells Only 10.7% of 100 Million Shares After 121 Days of IPO Offering
Share Sale Results: Only a Fraction Sold Six months after launching Ethiopia’s first-ever Initial Public Offering (IPO), Ethio…
Category: Market
Lemi National Cement Powers Ethiopia’s Construction Boom with Over 12 Million Quintals Delivered
Lemi National Cement PLC is making major waves in Ethiopia’s construction industry, having supplied more than 12 million…
National Bank of Ethiopia Launches Modernized Ethiopian Automated Transfer System
The National Bank of Ethiopia (NBE) has officially launched the enhanced Ethiopian Automated Transfer System (EATS), a landmark…
Boeing Expands African Presence with New Office in Addis Ababa
Addis Ababa, Ethiopia – April 23, 2025 – In a move underscoring its long-term commitment to the African…
Ethiopian Airlines Doubles Weekly Flights to Lagos, Nigeria
Addis Ababa, April 21, 2025 — Ethiopian Airlines has announced a major expansion in its flight services to…
Ethiopis Tafara Appointed as World Bank’s IFC Vice President for Africa
April 1, 2025 — Ethiopis Tafara has officially assumed his new position as Vice President for Africa at…
Ethiopian Airlines Commits 30 Billion Birr to Launch Phase of New Mega-Airport Near Bishoftu
Ethiopian Airlines has allocated a substantial 30 billion birr to begin preparatory works on its ambitious new airport…
Foreign Exchange Auction Sets Average Rate at 131.49 Birr per Dollar, Says National Bank of Ethiopia
The National Bank of Ethiopia (NBE) has officially released the outcomes of its most recent foreign exchange auction,…
National Bank of Ethiopia to Hold $70 Million Forex Auction Tomorrow
The National Bank of Ethiopia (NBE) has announced that it will hold a foreign exchange auction worth $70…
Ethiopia Earns Over $2.1 Billion in Foreign Exchange from Gold Market
Addis Ababa – April 16, 2025 The Ministry of Mines announced today that Ethiopia has earned more than…
