Ethiopia’s Central Bank Announces $50 Million FX Auction for December 2
Addis Ababa — December 1, 2025
The National Bank of Ethiopia (NBE) has announced that it will conduct its eleventh foreign exchange auction of the...
M-PESA Lehulum Debuts: Mobile Money Now Works Across All Networks
Addis Ababa — M-PESA Ethiopia has launched M-PESA Lehulum, a new platform that enables mobile money services to operate across all telecommunications networks in...
Amhara Bank Reports Strong Growth as Pre-Tax Profit Surges to 654.8 Million Birr
Addis Ababa — Amhara Bank has posted a pre-tax profit of 654.8 million birr for the 2017 fiscal year, marking one of its strongest...
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...
