Dr. Yohannes Ayalew Appointed CEO of Amhara Bank
Dr. Yohannes Ayalew has been appointed as the new CEO of Amhara Bank , effective September 13, 2024.…
Category: Market
Ethiopia’s Banking Sector Reaches Trillion-Birr Milestone: A Financial Achievement in 2016
Ethiopia’s financial sector has remained robust by all standards over the last fiscal year, according to recent reports.…
Ethiopia’s Money Market Auctions in Decline: Fewer Banks, Bigger Bids, and What’s Next
Participation in Ethiopia’s open market operation (OMO), the central money market auction introduced by the National Bank of…
National Bank Opens Doors for Foreigners to Hold Dollar Accounts Amid Ethiopia’s Currency Reforms
The National Bank of Ethiopia has announced that it has completed the process of granting permission to Foreign…
National Bank of Ethiopia and Mastercard Foundation Launch Comprehensive Financial Education Module for Youth and MSMEs
Addis Ababa, May 2024 — The National Bank of Ethiopia (NBE), in collaboration with the Mastercard Foundation and…
30 Days After Ethiopia’s Currency Float: Development Bank Leads with 110% USD Rate Spike
Ethiopia’s recent decision to float its currency on July 28, 2024, has led to a significant devaluation of…
Ethiopia Ends 22-Year Tax Exemption on Water, Electricity, and Transport Services
The Ethiopian government has announced a new directive aimed at revising the existing subsidy framework for water and…
National Bank of Ethiopia Implements New Gold Pricing Directive to Boost Foreign Currency Earnings
Addis Ababa, August 21, 2016 – The National Bank of Ethiopia (NBE) has introduced an amended directive, effective…
Reform and Risk: How Ethiopia’s Currency Shift Is Reshaping Everyday Life
Introduction: Shifting from a Fixed to a Market-Based Exchange Rate For over a decade, Ethiopia’s economy has been…
Addis Insight Unveils Advanced Ethiopia Birr Currency Exchange Platform
Addis Ababa, Ethiopia – Addis Insight is excited to announce the launch of its innovative Ethiopia Birr (ETB)…
