Chinese EV Giant BYD Enters Ethiopian Market with Electric Vehicles
BYD, a leading Chinese electric vehicle (EV) manufacturer, has officially announced its entry into the Ethiopian market. The company unveiled its brand at a...
Amhara Bank Sets Sights on Investment Banking, Poised to Transform Ethiopia’s Financial Landscape
Amhara Bank is taking a bold step forward by venturing into investment banking services, signaling its ambition to play a pivotal role in Ethiopia's...
Ethiopia Excluded from AGOA for Third Consecutive Year
The United States has announced that Ethiopia will remain ineligible for the African Growth and Opportunity Act (AGOA) benefits in 2025, marking the third...
World Bank Approves $700 Million Boost for Ethiopia’s Financial Sector
WASHINGTON, December 19, 2024 – Ethiopia’s financial system is set to receive a transformative boost following the World Bank's approval of a $700 million...
Amhara Bank Urges Local Banks to Merge Amid Foreign Banks’ Entry
On December 18, 2024, Ethiopia's parliament ratified a landmark banking proclamation allowing foreign banks to operate within the country. This move represents a pivotal...
National Bank of Ethiopia Launches Platform for Customer Complaints
Addis Ababa, Ethiopia
The National Bank of Ethiopia (NBE) has introduced an online platform and a dedicated hotline (7230) to assist customers in lodging complaints...
