The National Bank of Ethiopia today held the second foreign exchange auction. It sold foreign currency especially US dollar for birr to local banks. Yesterday NBE announced that on Tuesday it would sell $60 million…
National Bank of Ethiopia today announced to conduct the second FX auction on Tuesday February 25, 2025. Sixty million US Dollars will be sold to banks. In July last year, Ethiopian government introduced macro economic…
National Bank of Ethiopia (NBE) is working on a plan to forcibly merge local Ethiopian banks. The decision is being taken ahead of the entry of foreign banks in the Ethiopian banking industry. National Bank…
Price of US dollar has reached 150 birr in the Ethiopian black market. Since May last year, the Ethiopian government has been trying to kill the foreign exchange black market. Today’s official birr-dollar exchange rate…
Ethio Telecom, Ethiopian state owned telecommunication company, has extended the deadline for sale of its 10% shares. It failed to meet the target of selling the shares till January 3. In October last year, Ethio…
Ethiopia today finally launched Securities Exchange but with 1 listing only. Prime Minister Abiy Ahmed officially launched the Ethiopian Securities Exchange (ESX) today. “We have officially rung the bell to launch the Ethiopian Securities Exchange…
Ethiopian Stock Exchange ESX is going to formally begin operations on Friday January 10. The bourse was initially due to be launched in November last year but technical issues delayed the launch. The newest stock…
The Monetary Policy Committee (MPC) of the National Bank of Ethiopia has announced that the inflation in Ethiopia has reached the lowest in 5 years. The committee proposes financial policies to be adopted by the…
Is Ethiopia considering legalization of crypto currency? Mamo Mehretu, the chief of Ethiopian National Bank, today said NBE may issue guidelines to use cryptocurrency. ️ Use of digital currency is not legal in Ethiopia. But…
Technical Issues have caused a delay in the launching of the Ethiopian Stock Exchange (ESX). Last minute technical problems dimmed the prospects of the inauguration of the bourse this month. Ethiopian Capital Market Authority head…