Mamo Mihretu, the governor of the National Bank of Ethiopia (NBE), has outlined a comprehensive three-year strategic plan to overhaul the financial regulatory framework. It is a bold move signalling a significant shift in the history of Ethiopia's mo...
Dec 2 , 2023
BGI Ethiopia, one of the largest brewing companies, is in the throes of a major transition that has spurred unrest among its workforce. The brewing behemoth, with around three decades of operation and...
Dec 2 , 2023
Minister of Agriculture, Girma Amentie (PhD), is leading a charge to overhaul the fertiliser procurement process, in a bid to avert the fertiliser shortage that plagued Ethiopian farmers last year. Th...
Dec 2 , 2023
The Bank of Abyssinia's strategic focus on interest income has yielded notable results in the fiscal year 2022/23, placing it in a robust position, second only to Awash International Bank in profitabi...
Dec 2 , 2023
Officials at the Ministry of Agriculture move to set a minimum price threshold for horticulture expo...
Dec 2 , 2023
Awash International Bank (AIB) posted a striking surge in net profits, reaching 6.9 billion Br this...
Nov 25 , 2023
The third largest exporter of pulses last year, Edao Abdi, has grown anxious over the past three months. His 500 million Br loan request from a couple of the top private commercial banks, remains up in the air. International customers from Europe...
Dec 2 , 2023
The symphony of traffic noise in Addis Abeba is not just a sign of life, but a siren song of urban chaos. Swelling under the pressures of urbanisation, the city displays an almost paradoxical relationship with mobility. Its roads are less progress ro...
Dec 2 , 2023
In a noteworthy gesture signalling its commitment to international peace and development, Germany has sealed an ambitious deal with the United Nations Development Programme (UNDP). The agreement, amounting to 10 million euros, is earmarked to support peace initiatives and aid in rehabilitating war-r...
Oct 21 , 2023
The number of people displaced by floods and mudslides in 85 weredas across seven regional states, including Somali, South-East, Gambella, Oromia, Afar and Sidama.
Dec 2 , 2023
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...
Oct 3 , 2020
Central Bank Governor Mamo Miheretu responded to The Banker, a London-based magazine's November 2023 edition, about the amount of foreign currency reserves.
Thanksgiving season —celebrated in the US on the last Thursday of November— coincided with my son joining the university. Such an important milestone called for a quality time and celebratory dinner at one of the luxury hotels in town....
Dec 2 , 2023
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