Ethiopia’s Banking Sector Reaches Trillion-Birr Milestone: A Financial Achievement in 2016
Ethiopia’s financial sector has remained robust by all standards over the last fiscal year, according to recent reports. A few months ago, the National...
Ethiopia’s Money Market Auctions in Decline: Fewer Banks, Bigger Bids, and What’s Next
Participation in Ethiopia’s open market operation (OMO), the central money market auction introduced by the National Bank of Ethiopia (NBE) in July, has steadily...
Rising Costs and Festive Spirits: The Impact of Ethiopia’s New FX Regime
The Ethiopian New Year is a time for family gatherings, new clothes, and fresh starts. Yet this year, the festive mood is marred by...
Korean Government Commits $2 Billion Financing for Ethiopian Projects
Addis Ababa, Ethiopia – The Korean government has agreed to provide $2 billion in financing for eight key development projects in Ethiopia over the...
Ethiopia’s Upcoming Salary Increase Set to Launch on September 11
A letter from the Ministry of Finance confirms that one of the key promises of the government's macroeconomic reform—a wage increase—will take effect on...
Ethiopian Development Bank President Dr. Yohannes Ayalew Submits Resignation
Dr. Yohannes Ayalew, who has served as the president of the Ethiopian Development Bank (DBE) for the past four years, has officially submitted his...
