The National Bank of Ethiopia (NBE) has started reviewing possible frameworks for a Central Bank Digital Currency (CBDC) as part of its broader consideration of future digital payment systems.

Global Bank Ethiopia announced that its paid-up capital has reached Birr 5 billion during the 2024/25 fiscal year. The Bank noted that its paid-up capital in the 2023/24 fiscal year was Birr 2.4 ...

Ethiopia and the African Development Bank (AfDB) have signed a USD 184 million grant agreement to support Phase II of the Ethiopia - Djibouti - South Sudan Transport Corridor Project.

Ethiopia has reached a preliminary agreement with the International Monetary Fund (IMF) to secure a USD 261 million loan. The financing forms part of a four year, USD 3.4 billion extended loan program ...

A national platform on WTO membership and ongoing negotiations convened in Addis Ababa under the theme “Integrating Ethiopia, ...

Ethiopia has launched the National Digital Payment Strategy 2026 to 2030 together with a new Instant Payment System, marking another step in the country’s ongoing digital finance reforms. The launch ...

The retail prices of petroleum products in Ethiopia have been increased by up to Birr 8, according to the Ministry of Trade ...

The Kenyan government has agreed to sell a 15 percent stake in telecom operator Safaricom to South Africa’s Vodacom in a transaction valued at approximately USD 1.6 billion, as part of efforts to ...