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 ...

Ethiopian Airlines Group has acquired the Airbus A350-1000, making it Africa’s first airline to operate this largest and most advanced passenger aircraft. The A350-1000’s enhanced capacity is believed ...

Hibret Insurance's total premium income for the year reached Birr 1.96 billion, with non-life insurance products contributing Birr 1.7 billion. The company’s paid-up capital rose to Birr 1 billion, ...

The National Bank of Ethiopia (NBE) has announced that starting December 1, 2024, all payment service providers in the country must adopt standardized QR codes for digital payments. This move aims to ...

In its fourth regular session, Ethiopia's House of Peoples' Representatives (HPR) examined and unanimously approved a loan agreement between Ethiopia and South Sudan, aiming to bolster regional ...

Lemi National Cement Factory, located in Ethiopia's Amhara Regional State, Ensaro Woreda, has started offering its cement ...

British-Dutch consumer goods giant Unilever has announced plans to reduce its global workforce, starting next month, in a bid to increase profitability. Operating in over 190 countries, including ...

The International Monetary Fund (IMF) has raised Ethiopia's net international reserves target to help the country meet upcoming foreign currency payments. This follows Ethiopia’s USD 3.4 billion, four ...

The Ministry of Planning and Development (MoPD) announced that Ethiopia secured Birr 180 billion in revenue and attracted USD ...