The Ethiopian Electric Utility (EEU) has put an end to an arrangement that obliges it to allocate 60 percent of its annual ...

During a press conference, on Monday (Mar 18), CBE president Abe Sano said over 490,000 ... and suggested that as much as six billion birr or ($105 million) was withdrawn.

Currently, only a few banks, including state-owned institutions such as the Commercial Bank of Ethiopia (CBE) and the Development Bank of Ethiopia (DBE), meet the threshold. CBE alone holds 43.5% of ...

Ethiopia is close to securing membership of the World Trade Organisation (WTO) with the final round of negotiations are set for late February or early next ...