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The new NBE directive cited as "Foreign Exchange Exposure Limits of Banks Directive No. SBB/96/2025" has entered into force starting today November, 10th , …

African Export-Import Bank (Afreximbank) is set to pioneer Africa’s use of the Chinese renminbi (RMB) in project financing after becoming a direct participant in …

The Central Bank posted a bold buying rate of 152. 576 Br on October 23, almost 8. 3 Br higher than ZamZam Bank’s 142. …

The standards focus on sustainability, climate-related disclosures, and governance, offering investors consistent and comparable information on environmental risks and opportunities. Financial institutions, including banks, …

Withdrawals of any authorized amount remained free, but mobile money transfers that were once complimentary began incurring fees. Digital Banking account-to-account transfers now carry …

Ethiopia and Somaliland have agreed to explore closer financial cooperation, including the possible establishment of a branch of Ethiopia’s state-owned Commercial Bank in SomalilandOfficials …

Afreximbank conducted a two-day roadshow in Addis Ababa, its second in four years, on June 2-3, 2025 at Hayat Regency Hotel. Ethiopia has accessed …

CBE is now offering an additional 10 birr bonus per dollar on all remittance earningsThis effectively brings the total payout to 141 bir

NBE has increased the import advance limit from 5,000 USD to 50,000 USD per import transactionNBE has improved the limit for Ethiopians who travel …

‘Zemen Gebeya’ brings together consumers, vendors, and delivery services, much like Amazon or Alibaba. It is equipped with a merchant portal, logistics management system, …

DEIC to take control of Bishoftu Automotive Engineering Industry and High Tech Engineering, both of which were previously under EEG. When the Council of …

The CCCA launches with 15 founding members representing key sectors such as agriculture, construction, manufacturing, telecommunications, energy, and healthcare, with plans to expand membership …

While the gap between the official and black-market rates has narrowed from over 100% to around 8%, the rates should be nearly identicalCurrently, many …