A staggering 845 billion birr in bad loans extended to state-owned enterprises by the Commercial Bank of Ethiopia (CBE) had ...

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 ...

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 ...

Ethiopia plans to issue 900 billion birr ($7.4 billion) of bonds to settle debts owed by several government-owned enterprises ...

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 ...

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 ...

The Ethiopian Commodity Exchange (ECX) has introduced a new pricing mechanism for coffee sold on its trading floor but exporters say the changes do not ...

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 ...

ባንኮች በውጭ ምንዛሬ መሸጫ ዋጋቸው ላይ ካደረጉት ቅናሽ ባሻገር በመግዣ ዋጋቸውም ላይ ከ10 ብር በላይ ጭማሪ አድርገዋል። የኢትዮጵያ ንግድ ባንክ ዛሬ ጥቅምት 19 2017 ዓ.ም የውጭ ሀገር ገንዘቦችን የሚገዛበትን እና የሚ ...

The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more than 10 years of planning and construction, is redefining energy connectivity in East Africa. It is more than a ...

SANJAY'S Kitchen in Birr has won the prestigious Best Chef Award at Asian Restaurant Awards held on Tuesday night. This award is a testament to the incredible talent and dedication of their amazing ...

Alternatively, you can pay €0.50 per article, capped at €1 per day. ACCOMPLISHED former rugby star, Willie Burns, who scored a hat-trick of tries on his debut for the ‘Barbarians’ twenty-five years ...