Faida Digital ID Requirement for Bank Account Openings in Addis Ababa Starts to Take Effect Today
Addis Ababa, December 23, 2017 – In a landmark move to streamline banking services and promote financial inclusion, the National Bank of Ethiopia (NBE)...
National Bank of Ethiopia Holds Policy Rate at 15% to Curb Inflation and Boost Stability
Addis Ababa, December 31, 2024The Monetary Policy Committee (MPC) of the National Bank of Ethiopia (NBE) held its inaugural meeting to evaluate the nation’s...
Tax and Tensions: Ethiopia’s Car Market Faces Unprecedented Challenges
After the shift to a market-based foreign exchange system, importers have become one of the hardest-hit groups in Ethiopia's economy. The floating exchange rate...
ZamZam Bank, an Emerging Bank, Weighs In on What Foreign Bank Entry Means for Ethiopia
This year, Ethiopia’s economy will invite optimistic phenomena as the nation takes bold steps to reshape its financial landscape. The shift to a floating...
Ethiopian Airlines Among Five Sanctioned for Passenger Rights Violations by NCAA
The Nigerian Civil Aviation Authority (NCAA) has sanctioned Ethiopian Airlines alongside four other carriers for breaching passenger rights, marking a significant regulatory intervention aimed...
Chinese EV Giant BYD Enters Ethiopian Market with Electric Vehicles
BYD, a leading Chinese electric vehicle (EV) manufacturer, has officially announced its entry into the Ethiopian market. The company unveiled its brand at a...
