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Ethio telecom Delivers
Addis Ababa,Jan 29/01/2026 (ABN) Ethio telecom has reported strong operational and financial performance during the first half of Ethiopia’s 2018 fiscal year, recording notable growth in subscribers, network expansion, digital services, and financial inclusion. According to the company’s half-year performance report, Ethio telecom added 3.93 million new subscribers, bringing the total number of telecom service users nationwide to 87.1 million. This achievement represents 101.5 percent of the planned target and reflects an increase of 6.56 million subscribers, or 8.1 percent growth, compared to the same period of the previous fiscal year. To support subscriber growth and enhance service quality, the […]Read more...
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Ethiopian Birr Goes
Addis Ababa, Jan 20/01/2026 (ABN) Ethiopia has officially announced plans to localize the production of its national currency, the Ethiopian Birr, marking a decisive step toward economic resilience and monetary sovereignty. The initiative, revealed during Finance Forward Ethiopia 2026, demonstrates the government’s commitment to modernizing financial infrastructure and reducing dependency on external suppliers. The localized production aims to conserve valuable foreign exchange reserves, reduce costs associated with importing currency, and enhance the security of the national currency. Oversight will be provided by Ethiopian Investment Holdings (EIH), ensuring alignment with long-term national investment priorities. From an economic perspective, local currency production […]Read more...
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Ethiopia’s Hope to
Addis Ababa, Jan 20/01/2026 (ABN) Ethiopia has renewed its ambition to host the 2028 Africa Cup of Nations (AFCON), signaling a strong national commitment to bring Africa’s premier football tournament back to one of the continent’s historic football nations. The move reflects Ethiopia’s broader vision to position sport as a driver of national development, international visibility, and youth empowerment. As a founding member of the Confederation of African Football (CAF) and a former AFCON host, Ethiopia’s bid carries deep historical significance. The country previously hosted the tournament in 1962, 1968, and 1976, and remains a symbol of Africa’s football heritage. […]Read more...
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Facilitating Cash Flow
Daniel Tiruneh Abyssinia Business Network
We published the March issue, Edition by Abyssinia Business Network.
The National Bank of Ethiopia (NBE) announced that it has lifted its loan ban in place for the past four months. The National Bank of Ethiopia (NBE) has ordered banks to provide loans to all their customers, The Reporter reported. The ban was imposed to prevent ``economic fraud`` and was implemented following the widening gap in parallel and legal foreign exchange trading.
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