Awash Bank announced significant financial achievements at its 29 th Annual General Meeting held in Addis Ababa. The bank's total assets reached Birr 282 billion during the 2023/24 fiscal year, ...

The House of Peoples' Representatives has approved a supplementary budget of Birr 582 billion for the current fiscal year. The decision was made during the council's 6th regular meeting after Finance ...

Ethiopia plans to export 100 megawatts of electricity to Tanzania through Kenya as part of a growing cross-border electricity trade initiative. Ethiopian Electric Power (EEP) announced the move ...

The Benishangul Gumuz Regional State has achieved a milestone in gold production, depositing 548 kilograms of gold into the ...

The Debre Birhan City Administration announced that investment licenses have been granted to developers who registered a combined capital of Birr 10 billion during the past quarter.

The National Bank of Ethiopia (NBE) is set to undergo significant institutional reorganization as the country moves toward a more liberalized financial system. Two key proclamations—the NBE ...

In a policy shift aimed at enhancing foreign currency flexibility for exporters, the National Bank of Ethiopia (NBE) announced that exporters would be allowed to retain 50 percent of the foreign ...

The Ministry of Trade and Regional Integration has reported a notable increase in foreign exchange earnings from Ethiopia’s cereal and oilseed exports, with over USD 156 million generated in just the ...