Ethiopia’s First Foreign Currency Auction Since Floating Garners Bids near Parallel Rates

The inaugural special foreign currency auction by the National Bank of Ethiopia (NBE) attracted 27 of the 31 commercial banks

Engineer Builds E-commerce Platform to Mend Ethiopian Construction Industry

A year-old startup is entering the bustling construction sector with an e-commerce platform that aims to resolve systemic problems in

Ethiopia Revises Passport Fees, Standard Issuance Now Costs 5,000 Birr

Ethiopia’s Immigration and Citizenship Service (ICS) has updated its passport issuance fees. The cost for a new passport has risen

Ethiopian Currency Regime Overhaul Opens New Frontiers for Fintechs Amid Market Uncertainty

Ethiopia underwent a seismic financial transformation over the past week, floating the Birr after nearly five decades of captivity. The

Food Delivery Riders in Addis Ababa Earn Over 30,000 Birr Monthly

Samuel Germew makes a living delivering meals across Addis Ababa on his bike. From the restaurant to the hungry customer,

Breakthrough Innovation in Nanosilica to Slash Domestic Tire Production Costs by 50%

A landmark production technique developed by the Bio and Emerging Institute looks to cut tire manufacturing costs by half through