bussines news

The National Bank of Ethiopia (NBE) has marked the first anniversary of its Open Market Operations (OMO) auctions, reporting a record trade of Birr 579.4 billion over the past year. Introduced in early July last year under a new monetary policy framework, the biweekly auctions have become a key tool for managing liquidity and controlling inflation, …

Ethiopia: NBE Marks First Year of Open Market Operations with Record Liquidity Trade Read More »

 India’s Ambassador to Ethiopia, Anil Kumar Rai, has lauded Ethiopia’s Homegrown Economic Reform Agenda as a game-changer that is drawing increasing interest from Indian investors across multiple sectors. Ambassador Rai emphasized that the sweeping economic reforms undertaken by Ethiopia are significantly improving the country’s investment climate and creating strong momentum for Indian foreign direct investment …

Ethiopia’s Economic Reforms Attract Growing Indian Investment Interest – Ambassador Read More »

In a strategic move to accelerate Ethiopia’s digital economy, Ethio Telecom, Dashen Bank, and ETA Solutions have jointly launched “Zooriya”, an advanced digital business automation platform designed to transform operations in the hospitality, import-export, manufacturing, and retail sectors. The platform integrates Enterprise Resource Planning (ERP), Point of Sale (POS), and Cash Register solutions into one …

Ethio Telecom, Partners Roll Out ‘Zooriya’ Digital Business Automation Platform Read More »

Ethiopia has marked today a pivotal moment in its financial sector with the official listing and commencement of trading of Government Treasury Bills on the newly established Ethiopian Securities Exchange (ESX). This landmark event, celebrated by key financial institutions, signals a new era of market-based financing, enhanced transparency, and broader investor participation driven by years …

Ethiopia Ushers in New Financial Era with Historic Securities Exchange Launch Read More »

The Central Bank of Russia has officially set the exchange rate of the Ethiopian birr against the Russian ruble, paving the way for direct trade and financial transactions between the two countries. According to the new rate, Birr 100 is equivalent to Ruble 57.5872. The Russian Central Bank also assigned the Ethiopian birr the code …

Russia Sets Official Exchange Rate for Ethiopian Birr Read More »

The Commercial Bank of Ethiopia (CBE) has announced that its total assets have climbed to 2.3 trillion birr, marking a major milestone in the bank’s continued expansion and market dominance. The growth comes as CBE’s customer base exceeds 43.1 million, underscoring its unmatched reach in the Ethiopian financial sector. The announcement was made at the …

CBE’s Total Assets Reach 2.3 Trillion Birr as Customer Base Surpasses 43 Million Read More »

Ethiopian Airlines, Africa’s largest carrier and one of the world’s fastest-growing airline brands, has officially launched its first direct passenger service to Hanoi, Vietnam, marking a new chapter in its global expansion. The inaugural flight, which took off today from Addis Ababa, will operate four times per week and is expected to significantly enhance connectivity …

Ethiopian Airlines launches first-ever direct flight to Hanoi, expanding reach in Southeast Asia Read More »

A new tourism website aimed at enhancing the digital presence of Ethiopia’s travel sector has officially been launched. Developed by the Information Network Security Administration (INSA) in partnership with the Ministry of Tourism, the platform is designed to serve as a one-stop hub for both local and international tourists. The website offers information on tourist …

Ethiopia Launches New Tourism Website to Boost Sector Digitization Read More »

A significant agricultural collaboration between China and Ethiopia is rapidly modernizing Ethiopia’s farming industry and fostering mutual prosperity, according to a leading Chinese expert. Wen Liming, a specialist in veterinary science and dairy production, highlighted that this groundbreaking partnership is swiftly transforming Ethiopia’s agricultural sector. The collaboration aligns with the core principles of the 2024 …

Ethio-China Agricultural Alliance Strengthens Modernizing Farming, Empowers Farmers: Chinese Expert Read More »