U.S. State Department Plans to Close Embassy in Eritrea Amid Global Diplomatic Restructuring
An internal State Department memo obtained by The New York Times reveals that the United States is preparing to close its embassy in Eritrea...
Venture Meda: Job Creation through Incubation and acceleration in Ethiopia.
Venture Meda, a transformative initiative launched in partnership with the Mastercard Foundation, the Ministry of Innovation and Technology, and iceaddis, continues its mission to...
Elon Musk Announces Starlink Launch in Somalia, Marking a New Era for African Connectivity
On April 13, 2025, Elon Musk tweeted a short but impactful message: “Starlink in Somalia.” The announcement marked the official launch of Starlink, SpaceX’s...
Awash Bank Secures Over $498 Million in Foreign Exchange for Over 2,200 Customers
Awash Bank Secures Over $498 Million in Foreign Exchange for Over 2,200 Customers Amid Ethiopia’s Currency Challenges
Addis Ababa, March 27, 2017 (FM C) —...
Ethiopia Secures Debt Restructuring Deal, Extends Payment Deadlines
Ethiopia’s official creditors are nearing the completion of a debt restructuring agreement that will extend payment deadlines, but will not involve any reduction of...
Commercial Bank of Ethiopia Disburses $122.5 Million to Customers to Support Import Trade
Addis Ababa, March 26, 2017 – The Commercial Bank of Ethiopia (CBE) has announced the disbursement of $122.5 million in foreign exchange to its...
