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News
National Bank Establishes Central Shari’ah Advisory Board to Strengthen Ethiopia’s Interest Free Banking Sector
2+ week, 5+ day ago (380+ words) The National Bank of Ethiopia (NBE) has announced plans to establish a central Shari’ah Advisory Board to strengthen governance and oversight of the country’s growing interest free banking sector. Frezer Ayalew, Director of Banking Supervision at the National Bank, said…...
Ethiopia Moves Closer to Eurobond Debt Restructuring After Official Creditors Approve Preliminary Deal
2+ week, 5+ day ago (388+ words) Ethiopia has moved closer to completing the restructuring of its USD 1 billion Eurobond after official creditors approved a preliminary agreement reached between the government and private bondholders, the Ministry of Finance announced. The approval by Ethiopia’s Official Creditor Committee (OCC)…...
Ethiopia Targets USD 13.4 Billion in Export Revenue for 2026/27
4+ week, 1+ day ago (272+ words) Ethiopia has set a target of generating USD 13.4 billion in export revenue during the 2026/27 fiscal year, as the government seeks to increase foreign exchange earnings and expand the country’s presence in international markets. The target was discussed during a consultation…...