Genesis Investment Bank Set to Launch with Comprehensive Financial Services Portfolio
Addis Ababa, Ethiopia – Genesis Investment Bank™, a new financial institution founded by Ermias Amelega, is preparing to…
Category: Market
IMF Agrees to $950 Million Exemption for Koysha Hydroelectric Dam and Project Completion
IMF Support for Ethiopia’s Macroeconomic Reform Program The Board of the International Monetary Fund (IMF) has recently endorsed…
NBE Governor Mamo Mehretu Announces $2.5 Billion Transfer from IMF and World Bank
The governor of the National Bank, Mamo Mehretu, said that so far, 2.5 billion dollars have been transferred…
Birr Falls 58 % to 90.78 as Dashen Bank Takes the Lead in Currency Float
Ethiopia recently made a significant shift in its monetary policy by floating its currency, the birr. This move…
Ethiopia’s Birr Plummets by 82% to 103.94: CBE Leads the Charge in Currency Float
Ethiopia recently made a significant shift in its monetary policy by floating its currency, the birr. This move…
Prime Minister Calls Banks’ Efforts Inadequate in Closing the Exchange Rate Gap with the Black Market
In a recent address to various segments of the public, including regional leaders, ministers, and investors, Prime Minister…
Ethiopia Announces 300% Salary Increase for Low-Income Government Employees
Salary Increase for Government Employees: A Response to Economic Challenges In a recent address, Prime Minister Abiy Ahmed…
5 Things to Know About the National Bank of Ethiopia’s New Foreign Exchange Guidelines
The National Bank of Ethiopia (NBE) has released a comprehensive new guideline to regulate the country’s foreign exchange…
Ethiopia’s National Bank Aligns Gold Prices with Global Market Rates in New Payment Policy
The National Bank of Ethiopia has implemented a new policy for purchasing gold, which links the payment to…
World Bank Approves $1.5 Billion Initiative, Commits $6 Billion for Ethiopia’s Growth
Washington, July 30, 2024 — The World Bank’s Board of Executive Directors has approved the Ethiopia First Sustainable…
