Commercial Bank of Ethiopia CBE Temporarily Suspends Services
The Commercial Bank of Ethiopia (CBE) has temporarily suspended services on November 16, 2025. The…
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Ethiopian Currency Birr Drops to 174 against US Dollar
Ethiopian currency birr has dropped to a new record low against US dollar in parallel…
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Ethiopian Birr Falls to New Low Against Dollar in Black Market
Ethiopian Birr has fallen to a new low against US Dollar in black market. The…
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Ethiopia’s 1st Investment Bank Wegagen Capital Kicks Off
Ethiopia's first investment bank Wegagen Capital has formally launched operations. The launching ceremony of Wegagen…
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Oromia Bank Introduces Milkii Loan Application
Oromia Bank has released a mobile phone application called "Milkii". Using the application, the customers…
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The Commercial Bank of Ethiopia Denies Robbery of 7.7 Billion Birr
The Commercial Bank of Ethiopia (CBE) today denied rumors that it had been robbed of…
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NBE Sells US Dollar for 135.6 Birr to Private Banks
The National Bank of Ethiopia today held the second foreign exchange auction. It sold foreign…
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National Bank of Ethiopia to Conduct 2nd FX Auction on Feb 25
National Bank of Ethiopia today announced to conduct the second FX auction on Tuesday February…
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NBE to Forcibly Merge Ethiopian Banks
National Bank of Ethiopia (NBE) is working on a plan to forcibly merge local Ethiopian…
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Price of US Dollar Reaches 150 Birr in Ethiopian Black Market
Price of US dollar has reached 150 birr in the Ethiopian black market. Since May…