EthSwitch, the national digital payment switch connecting banks and financial institutions across Ethiopia, has announced a pre-tax profit of Birr 1.42 billion for the 2024/25 fiscal year, marking a ...

Infinix Ethiopia has signed a Memorandum of Understanding (MoU) with Addis Ababa Tegbare Id Polytechnic College to strengthen collaboration between industry and academia through student internships, ...

Nib International Bank Share Company has reported a pre-tax loss of Birr 2.9 billion for the fiscal year ended 2024/25, marking a significant financial setback largely attributed to foreign exchange ...

The National Bank of Ethiopia (NBE) has directed all commercial banks to compile and submit information on customers who use personal bank accounts for business or illicit purposes.

The Ethiopian Mineral Corporation (EMC) and Sunbird Bioenergy Africa have signed a Memorandum of Understanding (MoU) to advance Ethiopia’s renewable energy and biofuel production, marking a ...

Prime Minister Abiy Ahmed (PhD) announced that civil works on the Koisha Power Generation Project have reached 70 percent ...

The Gamo Development Association has unveiled a Birr 50 million modernization project at the historic Arba Minch Crocodile Ranch, the first crocodile farm in East Africa, originally established in ...

The Ministry of Finance has confirmed that negotiations with private creditors over Ethiopia’s USD 1 billion Eurobond, due in 2024, have collapsed without a deal, intensifying the country’s ongoing ...

Ethiopia has secured USD 110 million in financing from the European Investment Bank (EIB) to support the third phase of the ...