Commercial Bank of Ethiopia Posts Record 32.6 Billion Birr Profit
Addis Ababa, Ethiopia – April 3, 2025 — The Commercial Bank of Ethiopia (CBE), the nation’s largest state-owned bank, has reported a staggering 32.6...
President Trump Implements 10% Tariffs, Impacting Ethiopia and Other Nations
April 2, 2025
In a bold move to overhaul U.S. trade relations, President Donald Trump announced a comprehensive set of tariffs on April 2, 2025,...
Saudi Billionaires Reinstated on Forbes List After 8 Years – But Mohammed Al Amoudi Still Left Out
In a surprising yet symbolic development, Forbes has reinstated 15 Saudi billionaires in its 2025 World’s Billionaires List after an eight-year exclusion that began...
National Bank of Ethiopia to Launch Regular Foreign Exchange Auctions
Addis Ababa, March 31, 2025 – The National Bank of Ethiopia (NBE) has announced the launch of a bi-weekly foreign exchange auction system aimed...
Adey Ababa Stadium to Be Fully Completed with 19 Billion Birr Investment
Addis Ababa – March 31, 2025
In a groundbreaking development for Ethiopia’s sports infrastructure, the Ministry of Culture and Sports has officially signed a contract...
Foreign Banks Can Now Enter Ethiopia—But It’ll Cost 5 Billion Birr
Foreign Banks Welcome, But on Strict Terms: Ethiopia’s Central Bank Issues Landmark Directive Reshaping Banking Sector
Addis Ababa, Ethiopia — March 31, 2025
The National Bank...
