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The Commercial Bank of Ethiopia (CBE) has reported a landmark financial performance, with total deposits surpassing ETB 2.4 trillion after mobilizing an additional ETB 707.47 billion during the 2025/26 Ethiopian fiscal year. CBE President Abe Sano announced the milestone at the official opening of the bank’s Annual Performance Review Conference. In his...
BBC Amharic
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Ethiopian Reinsurance Share Co. (Ethio-Re), the country’s only domestic reinsurer, said it has saved more than 90 million U.S. dollars in foreign exchange over the past decade by retaining premiums locally instead of ceding them to international firms. At a press briefing Monday, the company reported gross written premium of 3.36 billion birr for 2025,...
BBC Amharic
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Central bank cuts foreign-exchange surrender requirement to 30 percent and introduces targeted reserve rules as it moves towards an interest-rate-based monetary policy framework The National Bank of Ethiopia has completely removed the annual credit growth ceiling imposed on commercial banks, marking a major shift away from direct lending restrictions...
BBC Amharic
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Foreign ministry says 1,971 Ethiopians have been granted royal pardons following sustained diplomatic engagement with Saudi authorities. Ethiopia has begun repatriating 1,971 of its nationals from Saudi Arabia after they were granted royal amnesties by the Saudi authorities, the Ministry of Foreign Affairs said on Monday. The ministry said the pardons...
BBC Amharic
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The Ethiopian Media Authority is preparing to amend the country’s media proclamation to require all digital outlets to register, ending a voluntary system the regulator says is widely flouted. The authority said a significant number of organizations and individuals providing media services through Facebook, TikTok and YouTube are operating without valid...
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Rent controls are attractive politics. They promise immediate relief in a city where housing costs have become one of the biggest pressures on household incomes. Addis Ababa’s decision to limit annual rent increases for privately owned residential properties to 11.5 percent in the 2026/27 fiscal year is therefore understandable. For tenants who have...
