Ethiopian Shipping and Logistics Reports 9.3 Billion Birr Profit in the First Half of the Fiscal Year
Addis Ababa, Ethiopia – Ethiopian Shipping and Logistics (ESL) has recorded a 9.3 billion birr profit in the…
Category: Market
Ethiopia to Lift Lending Cap by September, Paving the Way for Credit Expansion
Ethiopia is set to remove its two-year-old lending cap by September 2025, a major shift aimed at stimulating…
Bank Abyssinia Inaugurates Modern Banking Service Center in Collaboration with Chaka Buna
Bank Abyssinia inaugurated its state-of-the-art banking service center at its headquarters yesterday, January 22, 2017, in collaboration with…
Mastercard Foundation and Reach for Change Select 13 Game-Changing EdTech Startups to Transform Learning in Ethiopia
In a bold move to reshape education for underserved communities in Ethiopia, the Mastercard Foundation, in collaboration with…
Ethiopian Electricity Service Introduces Mobile Recharge System for Prepaid Users
The Ethiopian Electricity Service (EES) has announced the implementation of STS smart single-phase meters under the Unified Prepayment…
Ethiopian Banks Charge Hidden Fees, Driving Dollar Rate Up to 160 Birr
According to Wazema Radio, certain commercial banks in Ethiopia are charging additional fees beyond the legally mandated costs…
Commercial Bank of Ethiopia to Launch Salary-Based Loans via CBE Birr Plus App
The Commercial Bank of Ethiopia (CBE) has announced that it will soon begin offering salary-based loans to employees…
Ethiopian Investment Holdings Plans Global Stock Market Return, Eyes Multinational Investments
Ethiopian Investment Holdings (EIH), the East African nation’s sovereign wealth fund, is poised to make a historic return…
Ahaz Platforms: Bridging the Digital Divide in Ethiopia
Founded in September 2021, Ahaz Platforms PLC is a mission-driven company determined to close the digital literacy gap…
Why Ethiopia’s Forex Bureaus Are Offering Rates Banks Can’t Match
Since the launch of Ethiopia’s foreign exchange bureaus in October 2024, the country has seen a transformative shift…
