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EthSwitch Celebrates Record Revenues as Digital Transactions Surpass ATM Withdrawals for First Time
EthSwitch, the national switch operator, registered a record 2.2 billion Birr in revenues in the 2024/25 fiscal year as person-to-person (P2P) transactions surpassed ATM...
Egypt Ready to Deploy Troops in Somalia under AU Peacekeeping Mission
The Egyptian government is finalizing preparations to deploy military personnel in Somalia as part of the African Union Support and Stabilization Mission in Somalia...
“We’re Making Impossible Choices”: WFP Ethiopia Cuts Rations as Funding Dries Up
The UN World Food Programme (WFP) has cut rations for more than 780,000 refugees in camps across Ethiopia to less than 1,000 calories a...
Trump Renews Biden-era National Emergency over ‘Security Threat’ in Northern Ethiopia
US President Donald Trump has renewed a national emergency to address the “unusual and extraordinary threat to the national security and foreign policy of...
‘No War of Words with Eritrea’: Foreign Minister
Foreign Minister Gedion Timotheos says the Ethiopian government will not take a combative stance against Eritrea despite escalating tensions between the two countries. “We have...
Dollar Bids Top 133 Birr at Latest NBE Forex Auction
The weighted average of all successful bids in the latest round of the central bank’s forex auctions registered at 133.17 Birr per USD. Fourteen banks...
Election Board Strips TPLF of Political Party Status
The months-long dispute between the National Election Board of Ethiopia (NEBE) and the Tigray People’s Liberation Front (TPLF) has culminated in a decision to...
Tigray’s Artisanal Miners Drive Staggering Surge in NBE Gold Supply: Ministry
Export revenues surpass USD 2 billion mark A report from the Ministry of Mines indicates the central bank has received a staggering 26 tons of...
