The National Bank of Ethiopia (NBE) has ordered banks to stop paying deposit interest upfront, barring them from crediting interest before a deposit has been held for its contracted term or reached ...

Allied Gold has connected its Kurmuk mine in western Ethiopia to the national electricity grid and begun crushing ore, pushing the Canadian miner's single largest growth project within weeks of its ...

Girma Tefera, a professor and vascular surgeon, once harboured a quiet dream of retirement that involved more than an ordinary rest. He imagined finishing his career in a state-of-the-art medical ...

Judges at the Federal High Court have ordered Biruk Haile (PhD), chairperson of the Board of Sandford International ...

We tend to think of a country's assets in terms of natural resources, technology, and capital. But equally important ...

Ethiopia's shareholding in the International Monetary Fund (IMF) is 300.7 million Special Drawing Rights (SDR), its unit of account, about 410.3 million dollars. That is a modest stake for an economy ...

Aregawi Akaletsehay, 67, has changed his morning routine since the rains failed in his part of the Tigray Regional State. A farmer in Aynalem Kebele of Enderta District, not far from the regional ...

After years of legal wrangling, the Ethiopian Railways Corporation (ERC) has been ordered to pay a Turkish contractor, ...

Ethiopia expects to complete the exchange of its defaulted one-billion-dollar Eurobond by year-end, even as a global ...

Cooperative Bank of Oromia's (COOP), CoPay e-Birr digital wallet has registered 22.3 million users and facilitated 2.74 trillion birr in financial transactions. The platform has processed 987.03 ...