Business

National Bank of Ethiopia to Hold 12th Foreign Exchange Auction, Offering $50 Million

The National Bank of Ethiopia (NBE) has announced that it will conduct the 12th round of its foreign exchange auction on Tuesday, December 7, 2018, in line with its biweekly auction schedule aimed at managing foreign currency liquidity and stabilizing the exchange rate. According to the central bank, the total amount to be offered in

December 15, 2025 • By Addis Insight

Business

NBE Launches Full Integration of National Digital ID With Banking System

The National Bank of Ethiopia (NBE) has officially launched the integration of the country’s new digital identity system, Fayda, with all financial institutions—marking a major milestone in Ethiopia’s push toward a fully digitized financial ecosystem. The initiative aligns with the Digital Ethiopia 2030 Strategy, which positions the Faida Digital Identity as a foundational digital public

December 10, 2025 • By Addis Insight

Business

Ethiopia Raises Fuel Prices: Benzene Climbs to 129.12 Birr per Liter

The Ministry of Trade and Regional Cooperation has announced a revision of retail fuel prices across the country, introducing a significant increase for key petroleum products. The new prices took effect on December 10, 2025, at 6:00 p.m., following a scheduled monthly adjustment tied to fluctuations in international oil markets. According to the ministry, retail

December 10, 2025 • By Addis Insight

Business

Conflict-Related Sexual and Reproductive Violence in Ethiopia: Cantering the Needs of Victims

By Felagot Taddese, Assistant Professor of OBGYN In recent years, internal conflicts across Ethiopia have shattered the lives of countless people and destroyed the significant progress the country had made on various fronts. As a woman and a gynecologist whose role is to look after the health of women, I have been most startled by

December 9, 2025 • By Addis Insight

Business

Oromia Bank Posts 2.6 Billion Birr Pre-Tax Profit, Revenue and Deposits Surge Sharply

Oromia Bank has reported a strong financial performance for the 2017 fiscal year, achieving 2.6 billion birr in pre-tax profit—an impressive 155% jump compared to the previous year. The announcement was made during the bank’s 16th Annual General Shareholders’ Meeting, currently underway in Addis Ababa. Strong Growth in Deposits and Assets Dr. Assefa Sime, Chairperson

December 6, 2025 • By Addis Insight

Business

M-PESA Ethiopia Alleges Ethio Telecom Blocking Its New Lehulum Service on Mobile Data

Addis Ababa — December 5, 2025 M-PESA Ethiopia has accused Ethio Telecom of blocking mobile data access to its newly launched telecom-agnostic financial service, M-PESA ለሁሉም (Lehulum), a platform unveiled on December 1 with the promise of allowing any Ethiopian—regardless of telecom provider—to use M-PESA’s digital financial tools. In a public statement released today, the

December 5, 2025 • By Addis Insight

Business

NBE Announces Forex Auction Results: 17 Banks Push Dollar Price to 154.3993 Br

Addis Ababa — The National Bank of Ethiopia (NBE) has released the results of its latest foreign exchange auction, marking another step in the ongoing shift toward a more market-responsive currency regime. According to the central bank, 17 commercial banks participated in today’s auction, with the average winning price for one US dollar settling at

December 2, 2025 • By Addis Insight

Business

Ethiopia’s Central Bank Announces $50 Million FX Auction for December 2

Addis Ababa — December 1, 2025 The National Bank of Ethiopia (NBE) has announced that it will conduct its eleventh foreign exchange auction of the year on Tuesday, December 2, 2025, offering $50 million to participating commercial banks. The auction is part of the central bank’s renewed commitment to running a predictable, bi-weekly FX auction

December 1, 2025 • By Addis Insight

Business

M-PESA Lehulum Debuts: Mobile Money Now Works Across All Networks

Addis Ababa — M-PESA Ethiopia has launched M-PESA Lehulum, a new platform that enables mobile money services to operate across all telecommunications networks in the country. The rollout marks a significant step toward broader interoperability in Ethiopia’s financial technology sector, allowing customers to use M-PESA without switching SIM cards or mobile operators. A Shift Toward

December 1, 2025 • By Addis Insight

Business

Amhara Bank Reports Strong Growth as Pre-Tax Profit Surges to 654.8 Million Birr

Addis Ababa — Amhara Bank has posted a pre-tax profit of 654.8 million birr for the 2017 fiscal year, marking one of its strongest financial performances since its establishment and registering an 85% jump compared to the previous year.The announcement was made during the Bank’s fourth annual general meeting, which convened today in Addis Ababa.

November 29, 2025 • By Addis Insight