Lemi National Cement Factory Officially Begins Product Distribution
The newly inaugurated Lemi National Cement Factory, the largest cement production facility in Ethiopia, announced yesterday that it has officially entered the market with...
National Bank of Ethiopia Unveils Interbank Market Platform to Boost Liquidity for Banks
National Bank of Ethiopia Launches Online Interbank Money Market Platform to Strengthen Financial Stability
Addis Ababa, Ethiopia – October 31, 2024 – In a landmark...
PM Abiy Ahmed Unveils Vision for Africa’s Largest Airport and Expanded Fleet
Prime Minister Abiy Ahmed announced that Ethiopian Airlines has placed an order for 124 new aircraft, marking a significant milestone for the airline.
“Ordering 124...
Ethiopian Airlines Debunks Eritrean Airspace Ban Rumors Amid Media Claims
Ethiopian Airlines has dismissed recent reports claiming that it has been banned from flying in Eritrean airspace, labeling such information as incorrect. The airline...
PM Abiy Accuses Embassies of Economic Misconduct and Black Market Ties in Ethiopia
Prime Minister Abiy Ahmed (Dr.) today made a bold statement during a parliament address, pointing to unnamed embassies involved in activities he described as...
NBE’s Directive on Fuel Imports Raises Concerns of Increased Activity in Parallel Markets
The National Bank of Ethiopia (NBE) has shifted a significant portion of the foreign currency responsibilities for fuel imports to commercial banks. As part...
