Addis Ababa: The National Bank of Ethiopia (NBE) announced that it has concluded the Special Foreign Exchange Auction held today with a weighted average rate of Birr 107.9 per USD.
In its statement, the central bank said the auction saw the participa…
Addis Ababa: The Ethiopian Securities Exchange (ESX) will commence its operation in October 2024, ESX Director-General Tilahun Kassahun told the Ethiopian News Agency.
He said that preparations, including collecting finances, have been carried out to…
Addis Ababa: The Macroeconomic reform policy which Ethiopia has embarked on has created great opportunity for competitive investment in the country, Indian investor Mayur Kothari said.
Speaking to ENA, Chairperson of Indian Mohan Group PLC in Ethiopi…
This year’s construction progress of housing scheme for the elderly and economically vulnerable communities around Aware area in Addis Ababa exemplifies a shift in work culture, merging quality with speed, Prime Minister Abiy Ahmed stated in social m…
The National Bank of Ethiopia (NBE) announced that it will be conducting a Special Foreign Exchange Auction tomorrow on August 7, 2024.
Depending on market conditions, additional foreign exchange auction may be conducted over the coming weeks, it re…
The full implementation of macroeconomic policy in Ethiopia will guarantee national development by creating stable, comprehensive and sustainable economy, senior government officials underscored.
Ethiopia has embarked on full implementation of macro…
The implementation of Ethiopia’s macroeconomic policy will enhance the country’s monetary and fiscal policies in addition to its contribution to modernize the existing foreign exchange administration, Finance and Planning and Development ministries s…
The government of South Korea has decided to provide a total of 7 million USD assistance to the conflict-affected and vulnerable regions of Ethiopia through international aid agencies.
The assistance aims to support the Disarmament, Demobilization, …
Addis Ababa: Ethiopia’s Ministry of Finance has announced preparations to present an additional budget of over 550 billion Birr to be approved by the House of People’s Representatives for the 2024-25 fiscal year.
Recall that the House of People’s Rep…
Addis Ababa: Social welfare is a key pillar of Prime Ministerial initiatives, with a focus on the annual renovation and construction of homes for the elderly and economically vulnerable, according to Office of the Prime Minister.
This ongoing transfo…
