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Central Bank launches open market operations, unveils new monetary policy framework
Open market operations (OMO), the first modern primary market, took place this week after the new monetary policy framework was announced early on. The...
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Ethiopian Airlines mandates dollar-only ticket purchases for international travelers
Ethiopian Airlines has announced that airline tickets for passengers outside the country will now only be available for purchase in US dollars. Previously, air...
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NBE Sets Policy Rate at 15% in Shift to Interest-Rate-Based Monetary Policy
In a significant move, the National Bank of Ethiopia (NBE) has adopted an interest-rate-based monetary policy framework, aligning with international best practices. This change...
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East Africa Metals Inc. announces start of gold mine infrastructure construction in Tigray
A Canadian business called East Africa Metals Inc., with its headquarters in Vancouver, has announced that it would begin building gold mine infrastructure in...
