Economy
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Business
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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Op/Ed
Ethiopia’s Foreign Currency Market Liberalization: Does the move meet Ethiopia’s long-term economic goals?
The value of Birr fell by approximately 60% since the announcement of shift into market-based forex regime (Photo: Sinqe Bank/Facebook)…
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News
Lawmakers approve World Bank’s $1.5B grant, concessional loan; Ministry to submit additional budget request
Addis Abeba – In its first emergency meeting of the third year, the House of Peoples Representatives (HoPR) approved the…
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News
Birr depreciates by initial 30% as Ethiopia introduces market-based exchange regime
On Monday, Commercial Bank of Ethiopia reported a buying rate of 74 birr for 1USD, showing a 30% devaluation (Photo:…
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Short News
NBE reports inflation rate drop to 19.9% in June 2024
Addis Abeba – The National Bank of Ethiopia (NBE) has reported that the country’s inflation rate has decreased to 19.9%…
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News Analysis
New VAT amendment sparks heated debate over taxing essential services
A public consultation regarding the proposed amendment to the Value Added Tax (VAT) proclamation, convened by parliament on 18 June,…
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Commentary
Empowering Customers: Why banks should eliminate charges for technology services
Banks in Ethiopia have shifted focus to digital banking that offset significant HR costs (Photo: Awash Bank/Facebook) By Demessie Girma…
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News
Commercial Bank of Ethiopia recovers 78% of 801.4 million birr lost in system glitch: President Abe Sano
Abe Sano, president of CBE (Photo: CBE) Addis Abeba – Abe Sano, President of the state-owned Commercial Bank of Ethiopia…
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Talk Business
News Analysis: Central bank governor foresees promising results in tackling inflation, despite reservations from legislators
Governor of the NBE Mamo Mihretu declared in front of legislators that the central bank’s strategic monetary measures, which are…
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Talk Business
News: Addis Abeba Trade Bureau to outsource distribution of subsidized food items among other six major services
The management of the recently inaugurated agricultural products market center in Kolfe Keranio sub-city is one of the services to…
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