House of People’s Representatives Approves 582 Billion Birr as Additional Federal Government Budget
The House of People's Representatives of the Federal Democratic Republic of Ethiopia has approved an additional 582 billion birr federal government budget for the...
Commercial Bank of Ethiopia to Adjust Loan Interest Rates and Service Fees
Addis Ababa, Ethiopia – The Commercial Bank of Ethiopia (CBE) has announced its intention to implement adjustments to loan interest rates and service fees....
Awash Bank Announces Pre-Tax Profit of Nearly 11 Billion Birr
Awash Bank, Ethiopia’s first private bank, held its 29th Annual General Meeting (AGM) today and announced plans to celebrate its 30th anniversary in January.
Presenting...
ADvTECH Expands into Ethiopia with $7.5 Million Acquisition of Flipper International School
In a significant move to expand its presence across Africa, JSE-listed private education provider ADvTECH Group has announced the acquisition of Flipper International School,...
Commercial Bank of Ethiopia Moves to Establish an Investment Bank
The Commercial Bank of Ethiopia (CBE) is in the process of establishing an investment bank, a move aligned with recent regulatory changes aimed at...
Ethiopia Set to Begin Electricity Exports to Tanzania via Kenya
Ethiopia is preparing to commence electricity exports to Tanzania through Kenya, marking a significant step in cross-border energy trade within East Africa.
According to Bloomberg,...
