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Central Bank announces results of FX auction held today
Addis Ababa, April 17, 2025 (FMC) – The National Bank of Ethiopia (NBE) has announced the results of the Foreign Exchange Auction held today.
The weighted average rate of all successful…
Ethiopia, Kenya sign MOU to facilitate smooth flow of bilateral trade
Adds Ababa, April 17, 2025 (FMC) – Ethiopia and Kenya has signed a Memorandum of Understanding (MOU) to facilitate smooth flow of trade between the two countries.
The agreement was signed…
Ethiopian Airlines and Bucher Aircraft Interior Solutions made a strategic agreement at AIX
Addis Ababa, April 16, 2025 (FMC) – Ethiopian Airlines, the largest and fastest-expanding airline in Africa, today announced a partnership with Bucher, a leader in lightweight aircraft…
Over $2.1 Billion in foreign currency earned from gold mining – Ministry
Addis Ababa, April 16, 2025 (FMC) — Ethiopia has generated more than $2.1 billion in foreign exchange revenue from gold mining during the first nine months of the 2024/25 fiscal year,…
Central bank to hold the 4th bi-weekly FX auction tomorrow
Addis Ababa, April 16, 2025 (FMC) – The National Bank of Ethiopia, in line with its recent commitment to conduct a regular series of bi-weekly foreign exchange auctions and consistent with…
Ethiopia, South Africa agree to collaborate within BRICS Business Council Framework to advance trade
Addis Ababa, April 16, 2025 (FMC) – A productive discussion aimed at enhancing investment and trade ties between Ethiopia and South Africa took place with the South African Chamber of…
Ethiopian Deposit Insurance Fund collects 5.2 Billion birr in premium over 9 months
Addis Ababa, April 15, 2025 (FMC) -- The Ethiopian Deposit Insurance Fund (EDIF) has collected 5.2 billion Birr in premiums from member financial institutions over the last nine months,…
Authority says Ethiopia’s coffee export revenue hits record $1.5 billion in 9 months
Addis Ababa, April 15, 2025 (FMC) — Ethiopia has obtained a record-hit 1.5 billion USD from coffee export during the past nine months, Ethiopian Coffee and Tea Authority (ECTA) disclosed.…
Ethiopia’s external debt-to-GDP ratio falls to 13.7%
Addis Ababa, April 12, 2025 (FMC) – Ethiopia’s external debt burden has significantly eased, with the debt-to-GDP ratio now standing at 13.7%, according to a macroeconomic report presented…
EIC hosts high-level public-private dialogue on investment protection and legal predictability
Addis Ababa, April 11, 2025 (FMC) – The Ethiopian Investment Commission (EIC) hosted a high-level Public-Private Dialogue today focused on "Investment Protection and Predictability of Laws,"…