A type of cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the US Dollar (USD) or backed by assets such as gold.
Hijra Bank has reported a 740% surge in annual profit, earning over 840 million birr during the 2024/25 fiscal year....
Ethiopia’s interbank money market continues to demonstrate active liquidity exchanges among financial institutions, with a total of ETB 9.68 billion...
The Government of the Federal Democratic Republic of Ethiopia and the World Bank have signed a significant USD 1 billion...
The African Development Bank (AfDB) has approved a $50 million trade finance guarantee for Awash Bank, Ethiopia’s largest private bank...
Ethiopia’s bold economic reforms have won another vote of confidence from the International Monetary Fund (IMF), which on July 2,...
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