Stay updated with the latest news of Ethiopia. In this category, you will find daily updates. Check here regularly for reliable updates and important news related to the Ethiopia.
The National Bank of Ethiopia (NBE) has confirmed that they are ready to process the applications of license foreign banks those interested in opening their branches in Ethiopia. The strategy of Ethiopia is to liberalise the financial sector. NBE shared that after submitting the complete application, the process of license foreign banks will be completed…
The African Development Bank (AfDB) has collaborated with Ethiopian Airlines to develop the Bishoftu International Airport in Ethiopia. The African Development Bank (AfDB) will be the financial coordinator in this project. This is a significant development as the Bishoftu International Airport will be the biggest airport in Africa. On March 14, 2025, Vice President of…
The National Bank of Ethiopia (NBE) conducts regular foreign exchange auctions. The strategy of NBE is to manage the currency valuation of Ethiopia and improve the foreign exchange liquidity. These auctions have led to a notable increase in the value of the US dollar against the Ethiopian birr. On August 5, 2025, the National Bank…