Ethiopian Airlines Reports Record $7.6 Billion Revenue in 2025 Fiscal Year
Ethiopian Airlines Group, Africa’s largest and most profitable carrier, has announced a record-breaking annual revenue of over $7.6 billion for the 2017 Ethiopian fiscal...
National Bank of Ethiopia Announces $150 Million Forex Auction to Ease Currency Pressure
In a move signaling increased momentum in foreign currency management, the National Bank of Ethiopia (NBE) has announced plans to hold its ninth foreign...
A $4.5 Billion Drop Overnight: What’s Behind the Shake-up of Al Amoudi’s Empire?
A Deal that Reshaped a Billionaire's Empire: How the Sale of Preem Erased $4.5B from Al Amoudi's Net Worth
ADDIS ABABA – A dramatic plunge...
Russia Turns to Ethiopian Airlines for Aircraft Amid Western Sanctions
Addis Ababa | August 3, 2025
As Western sanctions continue to isolate Russia’s aviation sector, Moscow is turning its gaze toward Africa—specifically, Ethiopian Airlines—as a...
National Bank of Ethiopia Warns Diaspora Against Using Unlicensed Money Transfer Operators
Addis Ababa, August 2, 2025 —In a stern public advisory issued today, the National Bank of Ethiopia (NBE) has warned the Ethiopian diaspora community...
National Bank of Ethiopia Urges Local Banks to Brace for Foreign Competition
“Many Foreign Banks Are Applying for Licenses,” Says Governor Mamo Mihret
The Governor of the National Bank of Ethiopia (NBE), Mamo Mihret, has called on...
