The recent shift to a market-driven foreign exchange (FX) system in Ethiopia has sparked...

The National Bank of Ethiopia (NBE), the regulatory authority for the financial industry, has...

The government aims to enhance financing options that attract private sector participation beyond traditional banking institutions, despite its commitment to avoid using direct advances (DA) to address the budget deficit. In an effort to access the DA, a legacy public debt contributing significantly to inflation, the government has opted to reduce its activities. This is part of the ongoing economic reform process initiated over the past several years. For instance, during the previous fiscal year, the Ministry of Finance (MoF) and the National Bank of Ethiopia (NBE) agreed that the DA facility should be employed only as a last resort when the market fails to produce sufficient Treasury bonds and Treasury bills (Tbills). Despite this agreement, the government obtained 112 billion birr from the NBE via DA in the fiscal year ending June 30, 2024, increasing its...

By our staff reporter Sber’s HQ in Moscow hosted the inauguration session of AI Alliance...

Women’s rights to land in Ethiopia are facing significant challenges due to entrenched traditional...

Ethiopia's recent economic reforms, including the floating of the Birr and fiscal adjustments, have garnered international praise, with Fitch...

The last three decades of market-oriented policies in Ethiopia have led to a society where the relationship between cause...

As the global economy continues to recover from the shocks of the COVID-19 pandemic, many African nations are grappling...

As tensions rise in the Horn of Africa, particularly between Ethiopia and Somalia, the implications for Ethiopia could be...

In an exclusive interview with Capital’s Groum Abate, Jonathan Somers, the Middle East and Africa Sales Director for NetGuardians, discussed the alarming rise of digital scams in Ethiopia's banking sector. As the country undergoes significant transformations in digital banking and financial products, Somers emphasized...

In a recent interview with Capital’s Groum Abate, Francis Agbonlahor, Managing Director of Inchcape Africa and the Motor & Engineering Company of Ethiopia Limited (MOENCO), shared insights into the company's six-decade legacy in Ethiopia's automotive industry. As a subsidiary of Inchcape PLC, a prominent...