The Kenyan government has agreed to sell a 15 percent stake in telecom operator Safaricom to South Africa’s Vodacom in a transaction valued at approximately USD 1.6 billion, as part of efforts to ...

Hibret Bank’s foreign exchange earnings reached USD 300 million in the 2024/25 fiscal year, marking an increase of USD 96.49 million, or 47.4 percent, compared to the previous year. The report further ...

Ethswitch, the entity responsible for operating Ethiopia’s national payment system infrastructure, has reached the final phase of integrating its domestic card schemes with 32 international card ...

The Ministry of Trade and Regional Integration has issued a directive requiring all payments for export crops produced under contract farming and investment farming arrangements to be processed ...

Hibret Insurance stated that it recorded a profit in the billions of birr during the 2024/25 fiscal year, according to a report presented at the company’s annual shareholders’ meeting.

Ethiopia has inaugurated the Ethiopian Specialty Coffee Association, a new national platform designed to elevate the global ...

The company enters the market with a registered capital of Birr 305 million, following its licensing by the National Bank of ...

The Ministry of Trade and Regional Integration (MOTRI) has issued Directive No. 1115/2025, introducing a major shift in Ethiopia’s oilseeds and pulses export system by requiring all exporter payments ...

The National Bank of Ethiopia (NBE) has formally re-licensed the Representative Office of Standard Bank, marking the first such approval issued under the country’s newly revised Banking Business ...

Ethio Telecom has inaugurated its third super fast electric vehicle (EV) charging station in Addis Ababa. The new facility, which was opened yesterday in the Summit Fiyel Bet area, features 16 high ...