Business
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NBE launches online interbank money market platform
The National Bank of Ethiopia headquarters in Addis Abeba, Ethiopia. (Michele Spatari/Photographer: Michele Spatari/Bl) Addis Abeba – The National Bank…
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PM Abiy signals Franco Valuta overhaul amid economic reform push
(Photo: EPA) Addis Abeba – Prime Minister Abiy Ahmed addressed the House of People’s Representatives today, announcing that adjustments to the Franco…
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Ethiopia’s steel giant Abyssinia eyes $20 million IFC loan for East African expansion, green initiatives
(Photo: Abyssinia Group of Industries) Addis Abeba – The Board of Directors of the International Finance Corporation (IFC) is set to vote…
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Ethiopia pushes for swift debt restructuring with new proposal, calls for global financial system reform
During the Global Sovereign Debt Roundtable on 25 October 2024, Eyob Tekaligne, Ethiopia’s State Minister for Finance, presented a new…
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Tigray’s war-torn businesses struggle under heavy debt burden; seek urgent gov’t action as financial woes persist
The business community in Tigray recently held discussions regarding the financial challenges faced by business establishments, particularly the accumulation of…
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Ethiopia welcomes European Council’s decision to delay deforestation rule by a year, easing pressure on coffee industry
On 16 October 2024, the European Council of Ministers approved the proposal to postpone the implementation of the European Union…
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City municipality scales up tech-driven home delivery of essential commodities
(Photo: Addis Abeba Trade Bureau/Facebook) Addis Abeba – The Addis Abeba Trade Bureau has reported that 294,000 customers have registered for a…
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Central bank caps forex spread to 2%, tightens transparency on FX fees
The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) Addis Abeba – The National Bank of Ethiopia…
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Importers ‘unable’ to use approved foreign currency; CBE reports only 28% of hard currency allocation utilized post-reform
(Photo: AFP) Addis Abeba – Since the introduction of new macroeconomic reforms in late July 2024, less than one-third of the $282…
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Gov’t raises fuel prices by up to eight birr per liter; experts, consumers warn of inflationary pressures
Addis Abeba – In one of the most significant fuel price increases in recent years, the Ethiopian government has raised retail fuel…
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