CBE Achieves Historic ETB 1.69 Trillion in Total Deposits, Fueling Confidence in Ethiopia’s Banking Sector
The Commercial Bank of Ethiopia (CBE), the country's largest state-owned bank, announced on Tuesday that it has reached a record-breaking ETB 1.69 trillion in...
Ethiopian Parliament Approves Proclamation Granting Foreigners the Right to Own Immovable Property
Addis Ababa, June 24, 2017— Ethiopia’s House of People’s Representatives has formally approved a new proclamation granting foreign nationals the right to own immovable...
Safaricom Ethiopia’s Active Customer Base Surpasses 10 Million
Addis Ababa, June 24, 2017 — Safaricom Ethiopia has announced that its 90-day active subscriber base has reached 10 million customers nationwide, marking...
National Bank of Ethiopia Lifts Mandatory Bond Purchase Requirement for Commercial Banks
Addis Ababa – In a significant shift in monetary policy, the Monetary Policy Committee (MPC) of the National Bank of Ethiopia (NBE) has decided...
Ethiopia Starts Supplying Electricity to Tanzania via Kenya
Ethiopia has begun exporting electricity to Tanzania for the first time, delivering power through Kenya’s high-voltage transmission network in a successful pilot that marks...
Ethiopia Opens Banking Sector to Foreign Investors Starting Today
Ethiopia Opens Banking Sector to Foreign Investors in Landmark Reform
By Addis Insight Business Desk | June 25, 2025
ADDIS ABABA — Ethiopia has officially opened...
