Ethiopia to open banking sector to foreign investors, allowing up to 49% ownership while maintaining domestic control. New NBE directive sets strict limits: 7% for individuals, 10% for firms, and up ...

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In an analysis published this week, Foreign Policy magazine cautioned that the risk of a renewed war between Ethiopia and Eritrea is increasing amid shifting political dynamics in Ethiopia's Tigray ...

MINSK, 29 July (BelTA) – Belarusian President Aleksandr Lukashenko will meet with Minister of Foreign Affair of Ethiopia Gedion Timothewos, BelTA has learned. The Ethiopian foreign minister is in ...

The Institute of Foreign Affairs (IFA) has stressed that Ethiopia's survival and overall prosperity are profoundly intertwined with the Red Sea and the Nile Basin.

Nib International Bank Share Company has reported a pre-tax loss of Birr 2.9 billion for the fiscal year ended 2024/25, marking a significant financial setback largely attributed to foreign exchange ...

Ethiopia unveils one of its largest-ever foreign exchange auctions, injecting $150m to narrow the widening birr–dollar rate gap. The National Bank of Ethiopia (NBE) has launched one of its ...

Prime Minister Abiy Ahmed said the Ethiopian economy is on track to register a double-digit growth rate during the current Ethiopian fiscal year.Addressing questions raised by members of the House of ...

But between canceling 83% of USAID programs in March and slashing away billions of aid through the One Big Beautiful (I-am-so-sick-and-tired-of-this) Bill, legislators have essentially deserted aid ...