News

Ethiopia Secures Currency Swap Agreement With China

Ethiopia and China have reached a currency swap agreement, allowing trade in Ethiopian Birr and Chinese Yuan, according to Finance

Electricity Costs Set for Nearly 400% Increase by 2028

The Ethiopian Electric Utility has announced a rolling increase in power tariffs over the next four years as part of

Commercial Bank of Ethiopia Collects 1.17 Trillion Birr Deposits

Ethiopia’s biggest financial institution, the state-owned Commercial Bank of Ethiopia (CBE) has crossed a formidable financial threshold as its deposits

Development Bank of Ethiopia to Disburse $43M for Youth, SME Support

Capping more than a year of collaboration Ethiopia’s policy bank, the Development Bank of Ethiopia (DBE) has partnered with the

Addis Ababa to Introduce Digital Kebele IDs, Fully Automated Civil Services

A city-wide infrastructure to enable E-ID and fully digitized civil registration and vital statistics services is set to be unveiled

ECMA Opens Door to Capital Market Innovation with Launch of Sandbox

The Ethiopian Capital Market Authority (ECMA) has launched the country’s first regulatory sandbox, providing startups and established companies a flexible

Governor Mamo Shakes up Incentives for Artisanal Gold Miners

In keeping pace with the series of structural overhauls to Ethiopia’s central banking procedures over the past month, the National

Ride Partners with Police to Protect Drivers, Installing GPS, SOS Buttons

As part of ongoing efforts to address growing security concerns faced by ride-hailing drivers, one of Ethiopia’s leading ride-hailing companies,