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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.

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 are struggling to source local currency.

Audit Review Uncovers Crosscutting Inefficiencies in Ethiopia's Passport Services

Delays in passport issuance, unauthorized penalties and even poor sanitation at bathrooms were highlighted in a post audit parliamentary review of Ethiopia's Immigration & Citizenship Services.

Ethiopia's Sovereign Wealth Fund Absorbs Eight Public Enterprises into Portfolio

At least five SOEs under EIH are also poised for listing in Ethiopia's maiden stock exchange.

Headless Chicken or Emergent Nation: Ethiopia’s AI Prospects

In July 2024, Ethiopia’s Council of Ministers approved the country's first national AI policy

Somaliland Startup Brings Digital Bookkeeping Platform to Ethiopia

The mobile app is specifically designed to simplify financial management for small businesses, allowing users to digitally record credits and debits for accurate financial tracking.