How to Connect Your Fayda ID to Abay Bank
It is very easy to connect your Fayda ID to Abay Bank. You don not need to visit the Abay Bank physically. You will have to visit Abay Bank’s official Fayda ID Connect page. Link…
New Digital Loan Service “TILA” Launched in Ethiopia
A new digital loan service called Tila has been launched in Ethiopia. Awash Bank and Ethio Telecom have jointly launched this service. Through Tila, users can get short-term digital loans with flexible repayment options. It…
Awash Bank Enters Ethiopian Capital Market Ecosystem
Awash Bank S.C. has been granted the license to enter the Ethiopian capital market ecosystem. The license was issued on November 19 to Awash Capital, a subsidiary company of Awash Bank S.C. Awash Capital is the…
Birr Falls to Record Low against Dollar in Black Market
Ethiopian Birr today fell to record low against US dollar in black market. The Ethiopian government has taken a variety of steps in recent months to kill the foreign exchange parallel market. The birr fell…
Commercial Bank of Ethiopia CBE Temporarily Suspends Services
The Commercial Bank of Ethiopia (CBE) has temporarily suspended services on November 16, 2025. The CBE has issued a statement in this regard. “In connection with system upgrade work, on Sunday November 16, 2025 from…
Ethiopian Currency Birr Drops to 174 against US Dollar
Ethiopian currency birr has dropped to a new record low against US dollar in parallel market. The US dollar is being sold for around 174 in the black market. Ethiopian currency birr started its downward…
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 USD/ETB black-market rate has climbed sharply to 160.75 Br/USD, up 0.37% . This marks a significant rise from around 157…
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 Capital Investment Bank S.C. was held at Hilton hotel in Addis Ababa last night. In March this year, Ethiopian Capital…
Oromia Bank Introduces Milkii Loan Application
Oromia Bank has released a mobile phone application called “Milkii”. Using the application, the customers can get loans without guarantee. The bank launched this application on Wednesday at a ceremony held at Hyatt Regency Hotel…
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 7.7 billion birrs. The bank said that the attempt to illegally transfer money had been successfully foiled and it lost…