Ethiopian Airlines to Welcome Africa’s First Airbus A350-1000 This Tuesday
Ethiopian Airlines is set to make history this coming Tuesday as it becomes the first airline in Africa to take delivery of the Airbus...
National Bank of Ethiopia Unveils Interbank Market Platform to Boost Liquidity for Banks
National Bank of Ethiopia Launches Online Interbank Money Market Platform to Strengthen Financial StabilityAddis Ababa, Ethiopia – October 31, 2024 – In a landmark...
PM Abiy Accuses Embassies of Economic Misconduct and Black Market Ties in Ethiopia
Prime Minister Abiy Ahmed (Dr.) today made a bold statement during a parliament address, pointing to unnamed embassies involved in activities he described as...
NBE’s Directive on Fuel Imports Raises Concerns of Increased Activity in Parallel Markets
The National Bank of Ethiopia (NBE) has shifted a significant portion of the foreign currency responsibilities for fuel imports to commercial banks. As part...
How Ethiopia’s Floating Birr is Reshaping Trade for Exporters and Importers
Post Floating: Are Businesses Staying Ahead of the Curve?The recent shift to a market-based exchange regime is affecting businesses across all sectors, from small...
Fitch Upgrades Ethiopia’s Credit Rating Amid Economic Reforms and Eased Financial Pressures
October 28, 2024 – Fitch Ratings has raised Ethiopia’s Long-Term Local-Currency (LTLC) Issuer Default Rating to ‘CCC+’ from ‘CCC-‘, citing easing financial pressures and...
