Ethiopia’s Central Bank Holds Interest Rate at 15% as Inflation Cools and Economy Strengthens
Addis Ababa — Ethiopia’s central bank kept its benchmark interest rate unchanged at 15% and opted for only a cautious loosening of credit growth...
Malaysia Reopens Embassy in Addis Ababa After 43 Years
Malaysia has officially re-established its diplomatic presence in Ethiopia, reopening its embassy in Addis Ababa after more than four decades of closure. The decision...
Abyssinian Flight Launches First Tourist Charter to the Grand Ethiopian Renaissance Dam
Abyssinian Flight Services & Aviation Academy (AFS), one of Ethiopia’s leading private air charter operators, has inaugurated the first tourist charter flight to the...
Ethiopia to Enforce 30% Tax on Petroleum Products in Current Fiscal Year
The Ministry of Finance has announced that it will fully implement a 30% tax on petroleum products during the current 2018 fiscal year. The...
Commercial Bank of Ethiopia Strikes North America Remittance Deal With Ramad Pay
The Commercial Bank of Ethiopia (CBE), the country’s largest financial institution, has signed a memorandum of understanding (MoU) with Ramad Pay, a North America–based...
Ethiopian Interbank Money Market Hits 1 Trillion Birr in Cumulative Trades
Addis Ababa — Ethiopia’s interbank money market has crossed a symbolic threshold, with cumulative trades surpassing 1 trillion birr less than a year after...
