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 enter the market with a broad...
Federal Government Introduces 551 Billion Birr Budget Increase
Federal Government to Present Additional Budget of 551 Billion Birr
State Minister of Finance, Dr. Eyob Tekaleni, announced that the federal government will present an...
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 Ethiopia's macroeconomic reform program, detailing the decision...
Ethiopian Airlines Under Fire: Kenyan Woman Plans to Sue Over Passport Confiscation and Video Deletion
Kenyan Woman Removed from Ethiopian Airlines Flight Speaks Out
A Kenyan woman who was removed from an Ethiopian Airlines flight to allegedly make room for...
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 to the National Bank from the...
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 has led to a sharp devaluation,...
