CBE Raises Dollar Rate by 7 Birr, Adds 10 Birr Remittance Bonus to Counter Black Market
Addis Ababa, Ethiopia – May 28, 2025 — In a swift and strategic shift, the Commercial Bank of Ethiopia (CBE) has increased its official...
National Bank of Ethiopia Raises Daily Transaction Limit to 300,000 Birr
Addis Ababa, May 27, 2025 — The National Bank of Ethiopia (NBE) has introduced a sweeping amendment to its Licensing and Authorization of Payment...
Ethiopian Airlines Earns $5.6 Billion in Revenue in Nine Months, Sets New Records in Passenger Growth and Expansion
Addis Ababa – May 2025
Ethiopian Airlines Group has reported a remarkable $5.6 billion in revenue over the past nine months, reflecting an 8% increase...
IMF Executive Board to Review Ethiopia’s $3.4 Billion Program This Summer Amid Economic Reform Push
Addis Ababa, Ethiopia – The International Monetary Fund (IMF) is expected to hold a crucial Executive Board meeting this summer to review the third...
Abiy and Macron Forge Stronger Economic Ties as France Renews Commitment to Ethiopia’s Debt Relief and Investment Future
PARIS – In a high-level diplomatic meeting held at the Élysée Palace, Ethiopian Prime Minister Dr. Abiy Ahmed and French President Emmanuel Macron reaffirmed...
Ethiopia’s Banking Crossroads: Risks of Foreign Bank Entry Amid Domestic Fragility
Why Rushing Liberalization Could Undermine Local Banks and Widen Economic Inequality
By Henok Gidey (BA, MBA, ACCA, CFIP), Finance Specialist
Addis Ababa — The Governor of...
