Reasons for which people require the Fayda digital ID in Ethiopia are increasing by the day. Since its launch in 2022, the ...

National Bank of Ethiopia (NBE) has maintained tight monetary and financial conditions, and modernisation of the monetary ...

The IMF Executive Board completed the second review of the arrangement under the Extended Credit Facility (ECF) for Ethiopia, allowing the authorities to draw the equivalent of about US$248 million ...

Ethiopia’s reform efforts are supported by international development partners. The IMF has committed $3.4 billion to support the country’s medium-term program, while the World Bank has pledged $3.75 ...

Abu Dhabi-listed Phoenix Group has signed an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia, marking its expansion into the African market. The agreement, made in collaboration with Data7 ...

A program office under the Office of the Prime Minister obliges all shareholders to hold a national ID card in order to conduct the mandatory digital ...

The International Monetary Fund has commended the National Bank of Ethiopia (NBE) for implementing reforms that expedited the ...

The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”. Ethiopia’s central bank issued a ...

After decades of trying to do so, Ethiopia is now on course to launch its first-ever stock exchange later this year ...

The Gambella Regional Mineral and Energy Resources Agency has announced the delivery of over 27 quintals (2,747 kilograms) of ...

Addis Ababa, March 30/2024 (ENA) The World Bank (WB) will continue supporting the National Financial Inclusion Strategy of Ethiopia, which is critical for the growth and prosperity of the country ...