NBE Prepares to Announce Credit Cap Reform Amid Inflation Ease
In an effort to relieve inflation, the National Bank of Ethiopia (NBE) has introduced a 14 percent cap on credit growth for commercial banks....
28 Ethiopian Banks Reportedly Defrauded of 1.3 Billion Birr in One Year
It has been reported that 28 Ethiopian banks lost a total of 1.3 billion birr to fraudsters in the past year. This figure represents...
Ethiopia’s Financial Sector: A Deep Dive into Stability, Growth, and Emerging Opportunities
The National Bank of Ethiopia (NBE) has unveiled its second Financial Stability Report, offering a comprehensive analysis of the country’s financial system during the...
National Bank of Ethiopia Mandates National ID for Banking: A Major Step Towards Secure Financial Systems
The National Bank of Ethiopia (NBE) has announced a groundbreaking decision to make the National ID (commonly referred to as Fayda) mandatory for opening...
Ethiopian Airlines Increases Weekly Flights to New York, Offering Daily Service Starting December 1
Ethiopian Airlines has announced an increase in its weekly flight schedule between Addis Ababa and New York, raising the frequency from four to seven...
From Hydroelectric Power to Bitcoin: Ethiopia’s Rise as a Mining Hub
Ethiopia is quickly emerging as a significant hub in the Bitcoin mining industry, having generated an impressive $55 million over the past ten months....
