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NBE Turns Attention to Third-Party Bank Accounts, Unlawful Remittances
The National Bank of Ethiopia (NBE) warned on Friday that it will be taking action against businesses and individuals who conduct official transactions through...
IMF Sounds Alarm over Sub-Saharan Africa’s Rising Domestic Debt
Domestic institutions now hold half of region’s public debt Around half of all public debt in Sub-Saharan African countries is now held by domestic institutions,...
Vanity Plates on Offer under Transport Ministry’s New Vehicle Registration System
Minister signals potential for changes to national flag The Ministry of Transport and Logistics has confirmed that under Ethiopia’s new vehicle plate registration system, organizations,...
Ethiopia Requires Staggering USD 397bln to Achieve National Development Priorities: Report
Ethiopia will need between USD 257 billion and USD 397 billion over the next seven years to achieve its national development priorities, a new...
Experts Call for Independent NBE as Eyob Takes Governor’s Seat
Economists and financial analysts have renewed calls for greater autonomy of the National Bank of Ethiopia (NBE) following the appointment of Eyob Tekalign (PhD)...
Africa’s Electricity Demand Projected to Double by 2040
Africa’s electricity demand is projected to double in the next fifteen years while the continent faces a huge financing deficit in its efforts to...
Ethiopia Needs 12-fold Jump in Electric Power Generation to Achieve Middle Income Ambitions: Paper
A new white paper by QRB Labs ICT Solutions PLC predicts that with the right policy reforms the country could generate three billion dollars...
AfCFTA Secretariat Call for Independent Office to Oversee Dragging Implementation
Officials in charge of implementing the African Continental Free Trade Area (AfCFTA) propose the establishment of a dedicated office to serve as a bridge...
Financial Institutions Meet Only 2pct of Agriculture Credit Demand
Disbursements from microfinance institutions in alarming decline Ethiopia’s financial institutions meet only two percent of an estimated 2.5 trillion Birr in annual demand for credit...
Private Banks in Uproar over NBE’s Forced Merger Scheme
Banks unable to raise 5bln before June 2026 will be forced to consolidate, regulators warn The executives of private commercial banks are pushing back against...
