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Addis Ababa, Ethiopia – A recent report by the Ethiopian Economics Association reveals a growing concern over Ethiopia’s external debt, which reached an alarming $62.5 billion by 2023, translating to more than $575 owed by each Ethiopian citizen. According to Dr. Nasir Yenus, a senior macroeconomics researcher at the association, this substantial debt burden is […]

Addis Ababa – The National Bank of Ethiopia (NBE) announced significant reforms to its foreign exchange market regulations today, Tuesday, May 20, 2025. The changes aim to streamline foreign currency access for individuals and businesses, with a notable increase in the foreign exchange allowance for private travelers and a tenfold increase in import advance payment