Sunday, June 16, 2024

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Central bank Governor Mamo Mihretu has introduced a series of new rules for the banking industry as he looks to counteract growing credit concentration, guard against banks’ exposure to risky loans, and protect banks from overstating profits by accruing uncollected interest on loans or advances. The National Bank of Ethiopia...

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Addis Ababa, France renew talks to restart long-stalled project

The Bus Rapid Transit project has been delayed for over a decade Officials from the Addis Ababa City Roads Authority (AACRA) and the French Agence...

Abiy pleads for ‘win-win’ solution to boundary row in Northern Ethiopia

Prime Minister Abiy Ahmed today urged a "win-win" approach to resolve the boundary dispute between the Amhara and Tigray regions peacefully.   Addressing questions from lawmakers...

PM touts progress in economy as lawmakers demand more

Ethiopia's Prime Minister Abiy Ahmed (PhD) has defended his administration's economic record in the face of questions from lawmakers. Addressing parliament, Abiy responded to questions...
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Drug trafficking overwhelms customs controls at Bole airport

The Ethiopian Customs Commission said it is struggling with the growing sophistication and capacity of drug smugglers who use Addis Ababa Bole International Airport. Ethiopia...

Study to weigh pros and cons of minimum wage as Ethiopia hesitates

Following backlash from the Office of the Prime Minister, the Ministry of Labor and Skills has launched a national assessment before deciding on a...

Taxpayers foot bill for dams delivering drop in the bucket

Ethiopia's expensive irrigation drive has been hobbled by "glaring flaws" that could render its multi-billion birr hydropower projects wasteful or ineffective, according to the...
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Tigray NPLs suspended, traders push for debt cancellation

In an effort to help relieve war-affected areas in Tigray State cope with loan repayment obligations, the National Bank of Ethiopia (NBE) has ordered...

CBE’s digital transactions surpass tellers for 1st time

Financial transactions conducted through Commercial Bank of Ethiopia's (CBE) digital channels have surpassed those via tellers, accounting for 64 percent of the total as...

Ethiopia’s fluoride filter falls flat, 3.5M at risk

The Ethiopian government's efforts to reduce the amount of fluoride in water consumed by millions of Ethiopians have proven unsuccessful, according to a report...
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Forex retention rule chocks off leather producers: lobby group

The prolonged foreign currency retention rule the National Bank of Ethiopia (NBE) put in place a year and a half ago crippled chemical input...

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