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Federation Caught Offside with Questionable Jersey Deal
By Feysel Zakir When the Ethiopian Football Federation announced last month that it would be purchasing jerseys for the national team from a manufacturer in Turkey, it rightfully drew widespread criticism from football stakeholders in Ethiopia. On the surface, spending hundreds of thousands of dollars on overseas kits seems contradictory to both sound economic management […]
Non-Interest Needs, Interest Realities
By Yared Seyoum The introduction of Islamic banking services in Ethiopia can be traced back over a decade, beginning as a solution to the financial ne
Merchants Gain Ability to Verify Receipts with CBE’s Latest Mobile Banking Update
The Commercial Bank of Ethiopia (CBE) has introduced a new verification feature on its mobile banking platform. The bank hopes the addition of a recei
IMF Extends Debt Service Relief for 24 Low-Income Countries, including Ethiopia
The Executive Board of the IMF approves 124 million dollars in debt relief to 24 eligible low-income countries, including Ethiopia, until January 10,
Authority Grants First Individual Securities Investment Advisor License
The Ethiopian Capital Market Authority (ECMA) has issued the country’s first individual securities investment advisor license, marking a major s
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Zemen Earnings Surge 32% Despite 13.5% Loan Cap, Dividend Payout Falls
For the year ended June 30, 2024, Zemen Bank posted a net profit of 2.39 billion birr (20.2 million)
Ethiopia Reforms Still on Track Despite ‘Expected Volatility’, Says Finance Minister
Ethiopia’s economic reforms remain on course despite concerns over rising inflation, according
Ethiopia Earns Over $500 million from Coffee exports in Q1, Historic High
Ethiopia earned over $519 million from coffee exports in the first three months of the 2024/25 fisca
Ethiopia Caps Forex Spreads at 2% to Curb High Bank Margins
Facing spreads far wider than regional peers, the National Bank of Ethiopia set a two percent ceilin