Prime Minister Abiy Ahmed of Ethiopia has defended this week’s move to a foreign exchange rate set by the market, claiming that it was not a...
The International Monetary Fund (IMF) announced on Monday that Ethiopia had successfully negotiated a $3.4 billion new credit programme. The news came the same day Ethiopia’s...
Ethiopia’s central bank on Monday floated the country’s currency, the birr, in an attempt to resolve the long-delayed debt restructuring deal. The largest lender in the...
Local officials say landslides in southern Ethiopia have killed at least 50 people following heavy rainfall in a distant mountainous part of the Gofa zone on...
If lengthy negotiations with the World Bank and the International Monetary Fund (IMF) are successful, Ethiopia would get $10.5 billion in support over the next few...
The ambassador of Somalia to the UN on Monday charged the Ethiopian military with breaking the law by crossing their common border illegally and engaging in...
Ethiopia Cooperative Bank of Oromia (CoopBank) has announced signing a significant partnership with Visa to boost its digital payment offerings. CEO of CoopBank, Deribie Asfaw, who...
After a 12-year absence on the international race circuit, Ethiopian marathon legend, Kenenisa Bekele, has announced that he will return for the 2024 Olympic Games in...
Leading Nigerian integrated market infrastructure group in Africa, the Nigerian Exchange Group (NGX), has announced strategic investment in the Ethiopian Securities Exchange (ESX). Chairman of the...
A recent survey carried out by Insider Monkey, an investment website that tracks corporate insiders and hedge funds, has ranked Egypt, Ethiopia, Morocco and South Africa...