Ethiopian Airlines Flight Lands Safely After Smoke Incident
Addis Ababa, October 16, 2024 – Ethiopian Airlines has confirmed that flight ET248, en route from Addis Ababa…
Category: Market
From Kenya to Ethiopia: M-PESA Enhances Mobile Money Transactions
M-PESA Kenya has extended its mobile money services to Ethiopia, enabling seamless transactions between the two countries via…
Ethiotelecom’s 10% Public Share Sale: A Turning Point for Ethiopia’s Telecom Market
Ethiotelecom, Ethiopia’s state-owned telecommunications giant, has announced plans to begin selling 10 percent of its shares to the…
Commercial Bank of Ethiopia Allocates Over USD 282 Million in Foreign Exchange After Major Reform
Commercial Bank of Ethiopia Allocates Over USD 282 Million in Foreign Exchange After Major Reform Addis Ababa, Ethiopia…
Proposed Bill Enforces 80% Completion Requirement for Real Estate Sales
Real estate developers who sell houses before construction begins must deposit the money they collect in a closed…
Ethio Telecom Hikes International Call Rates by 658% Amid Rising Costs
Ethiopia’s state-owned telecom provider, Ethio Telecom, has announced a significant tariff increase across its services, citing rising operational…
National Bank of Ethiopia Allocates $175 Million to Support Foreign Exchange Market
Addis Ababa, October 3, 2024 – The National Bank of Ethiopia (NBE) has announced a major allocation of…
National Bank of Ethiopia Grants Licenses to Five Non-Bank Foreign Exchange Offices
Addis Ababa, September 30, 2024 — The National Bank of Ethiopia (NBE) has officially granted operating licenses to…
Dr. Emebet Melese Takes Charge as President of the Ethiopian Development Bank
Dr. Emebet Melese was appointed as the President of the Ethiopian Development Bank. It has been reported that…
IMF and Ethiopia Reach Preliminary Agreement on $3.4 Billion Extended Credit Facility
Addis Ababa, Ethiopia – It was announced today that the International Monetary Fund (IMF) and the Ethiopian government…
