The funds will primarily go toward settling loans provided by Ethiopia’s largest bank to several state-owned companies, including Ethiopia Electric Power, Ethiopian Sugar Corp, and Ethiopia Railway ...
The Ethiopian government is preparing to issue a bond worth Birr 900 billion to address unpaid loans provided by the Commercial Bank of Ethiopia (CBE) to government development organizations. The bond ...
Recently, the 6th House of People's Representatives conducted its 4th year's 3rd regular meeting. On the occasion, Prime Minister Abiy Ahmed (PhD) gave a response to questions raised by the ...
Ahead of the formal opening of its banking sector to foreign investors, Ethiopia awarded a mobile money licence last May to Kenyan mobile operator Safaricom, enabling it to launch its influential ...
Prime Minister Abiy Ahmed touted the success of the macroeconomic reforms introduced in late July by his administration during a parliamentary session on 31 October, 2024. He hailed the reforms as a ...