News

European Investors Voice Concerns Over Birr Crunch

As Ethiopia's FX reserves signal an increase following a transition to a market based exchange regime policy, investors aret struggling to source local currency.

NBE Sets One-Month Deadline for Digital ID Requirement to Open Bank Accounts in Addis Ababa

The National Bank of Ethiopia has placed Fayda national digital IDs as a precondition for opening bank accounts in the capital by January 1st.

Call for Entries: The Earthshot Prize 2025 – Seeking Groundbreaking Solutions to Restore Our Planet

The Earthshot Prize (TEP) is officially open for entries for its 2025 cohort and MultiChoice is proud to once again be an official Africa nominator for TEP.

80% of CBE’s Transactions Are Now Digital

CBE has 30 million mobile money customers, nearly 10 million mobile banking users, and around 21 million debit cardholders.

Single-Use Plastic Faces Ban in Ethiopia as Draft Law Advances

Ethiopia is the second-largest importer of plastics in East and Central Africa, spending €17 million annually on plastic packaging imports.

Ethiopian Engineer Debuts Digital Cost Projection Platform for Construction Sector

An Ethiopian engineer has launched a platform that looks to organize chaotic cost assessments in the construction industry through aggregated input data updated at near real-time levels.

Upcoming EdTech Mondays Episode to Address Gender Parity in Education

Despite progress in recent years, Ethiopia continues to face significant challenges in achieving gender parity in education.

Innovative Finance Lab Selects 20 Ethiopian Enterprises to Receive $100K Grant from GIZ

Kamrach, Ankobot Books & Publishing, Lolite, Lemlem, and Wolfaby are among the enterprises selected to receive the funding.