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admin April 18, 2025 Uncategorized

Ethio-Djibouti Railway Reports First Profit and Outlines Future Strategies

In a significant development for regional trade and infrastructure, the Ethio-Djibouti Railway has announced its first profitable quarter, marking a major turnaround for the vital transportation link. Takele Uma, the railway’s Chief Executive Officer, confirmed that the company achieved this…

admin April 18, 2025 Business, Ethiopian Banks

National Bank of Ethiopia Introduces Reforms to Ease Liquidity Issues

The National Bank of Ethiopia (NBE) has implemented new reforms designed to tackle liquidity challenges within the commercial banking sector. These reforms include introducing a lagged reserve system and merging reserve and payment accounts into a single payment and settlement…

admin April 18, 2025 Business

China and Ethiopia Deepen Cooperation Across Multiple Sectors

Addis Ababa – Officials from China and Ethiopia highlighted the deepening cooperation between their countries across various sectors at the recent Ethiopia-China Economic and Trade Forum held in Addis Ababa. Ethiopia has become one of the first African nations to…