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,...
Commercial Bank of Ethiopia to Launch Salary-Based Loans via CBE Birr Plus App
The Commercial Bank of Ethiopia (CBE) has announced that it will soon begin offering salary-based loans to employees of government-owned development institutions through the...
Ethiopian Investment Holdings Plans Global Stock Market Return, Eyes Multinational Investments
Ethiopian Investment Holdings (EIH), the East African nation’s sovereign wealth fund, is poised to make a historic return to the global stock market with...
Ahaz Platforms: Bridging the Digital Divide in Ethiopia
Founded in September 2021, Ahaz Platforms PLC is a mission-driven company determined to close the digital literacy gap in Ethiopia. With a focus on...
Why Ethiopia’s Forex Bureaus Are Offering Rates Banks Can’t Match
Since the launch of Ethiopia’s foreign exchange bureaus in October 2024, the country has seen a transformative shift in its currency exchange landscape. The...
