Ethiopia to Lift Lending Cap by September, Paving the Way for Credit Expansion
Ethiopia is set to remove its two-year-old lending cap by September 2025, a major shift aimed at stimulating credit growth and supporting economic expansion....
Bank Abyssinia Inaugurates Modern Banking Service Center in Collaboration with Chaka Buna
Bank Abyssinia inaugurated its state-of-the-art banking service center at its headquarters yesterday, January 22, 2017, in collaboration with Chaka Buna. The event was celebrated...
Mastercard Foundation and Reach for Change Select 13 Game-Changing EdTech Startups to Transform Learning in Ethiopia
In a bold move to reshape education for underserved communities in Ethiopia, the Mastercard Foundation, in collaboration with Reach for Change, has announced the...
Ethiopian Electricity Service Introduces Mobile Recharge System for Prepaid Users
The Ethiopian Electricity Service (EES) has announced the implementation of STS smart single-phase meters under the Unified Prepayment Project, aimed at simplifying electricity payments...
Ethiopian Banks Charge Hidden Fees, Driving Dollar Rate Up to 160 Birr
According to Wazema Radio, certain commercial banks in Ethiopia are charging additional fees beyond the legally mandated costs for foreign currency sales. Several import...
IMF Managing Director Kristalina Georgieva to Visit Ethiopia for High-Level Engagements
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, will undertake a two-day official visit to Ethiopia on February 8 and 9,...
