Standard Bank Becomes First Foreign Institution Re-Licensed Under Ethiopia’s New Banking Regime
Addis Ababa — Ethiopia has taken its first concrete step toward opening its protected financial sector, with the National Bank of Ethiopia re-licensing Standard...
Ethiopia Arrests Sports-Betting Executives in Probe of 100 Billion Birr Revenue Fraud
Ethiopian authorities have arrested the owners and associates of a major sports-betting operator suspected of embezzling more than 100 billion birr (about USD 1.7...
China-Based Bank Commits US$500 Million to Ethiopian Airlines’ Bishoftu Mega-Airport
A major China-based financial institution has pledged US$500 million to support the development of the planned Bishoftu International Airport, Ethiopian Airlines Group (EAG) CEO...
Commercial Bank of Ethiopia Acquires 1,125 Condominium Units to Address Employee Housing Shortage
The Commercial Bank of Ethiopia (CBE) has purchased 1,125 newly built condominium units from the Addis Ababa City Administration, marking one of the largest...
NBE Launches Central Securities Depository and ‘Ts’ega’ Investor Portal
ADDIS ABABA – In a move set to fundamentally reshape Ethiopia’s financial landscape, the National Bank of Ethiopia (NBE) has officially launched the nation's...
Awash Bank Reports Record 25.67 Billion Birr Gross Profit
Awash Bank has posted the highest profit ever recorded by a private bank in Ethiopia, reporting a gross profit of 25.67 billion Birr for...
